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6190

萬泰科 Communications & Internet As of 2026-06-17 Updated daily after market close

steady quality, fair valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 萬泰科 to your watchlist to track signal changes on your next visit.
Valuation 35Quality 51Growth 74Momentum 85Chips 51

Is 萬泰科 a buy? Fundamentals and valuation first

  • Above-average profitability.Operating margin is in the 47th market percentile. Latest quarterly ROE ≈ 2.2%.

  • Valuation is neutral.PE is in the 72th market percentile; within its own history, PE is around the 91th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 0.5% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 30.1%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as Revenue YoY ≥ 20% are active — see the historical forward returns after each occurrence below.

Chip flow

Bullish +0.16
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 永豐金證券 holds 7,635 lots
  • sellers have 676 lots left, ~26 sessions to clear

Window from 2026-01-17 · Price +59% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 永豐金證券 has accumulated 7,635 lots since the start (sold 4%), now trimming.
  • Main distributor 港商野村 peaked at 1,674 lots, has sold 89%, 183 left, paused recently.
  • TDCC big holders (absolute) >1000-lot holders +1.20pp, mid holders -10, retail +2.02pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -1,882 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Branch inventory reconstruction
Accumulating holders Branches that accumulated shares during the window and still hold positive inventory; they are the absorbing side.
Distributing sellers Branches that built inventory earlier and have been selling it down; the remaining number estimates what has not cleared.
Net-short desks Trading-desk branches with negative inventory or net selling, often hedge, offsetting, or short-term flow. It is not automatically a bearish view.
Accumulating
永豐金證券台新-城東摩根大通花旗環球港商麥格理永豐金-松山
Distributing
港商野村新加坡商瑞銀美商高盛國票-敦北法人凱基-高美館富邦-台中
Desks
own scale
元大證券兆豐-鹿港凱基-城中群益金鼎
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 永豐金證券 +7,635
    sold 4%
  • 台新-城東 +3,208
    sold 0%· still adding
  • 摩根大通 +1,628
    sold 8%· still adding
  • 花旗環球 +1,078
    sold 0%
  • 港商麥格理 +942
    sold 9%
  • 永豐金-松山 +924
    sold 0%

Distributing

  • 港商野村 183 left
    sold 89%· paused recently
  • 新加坡商瑞銀 180 left
    sold 88%· ~5 sessions to clear
  • 美商高盛 208 left
    sold 81%· paused recently
  • 國票-敦北法人 332 left
    sold 57%· paused recently
  • 凱基-高美館 59 left
    sold 86%· ~3 sessions to clear
  • 富邦-台中 111 left
    sold 72%· paused recently

Desks

  • 元大證券 -2,167
    unclassified
  • 兆豐-鹿港 -2,139
    unclassified
  • 凱基-城中 -1,337
    unclassified
  • 群益金鼎 -1,126
    unclassified
Still selling 676 lots ~26 sessions to bottom at most
Recent buy/sell force +2,237 absorbed / -950 sold buyers slightly ahead
Hedge-desk net short -1,306 lots potential cover-buying, not selling pressure
TDCC big holders · absolute-holding cross-check
>1000-lot holder share Retail (<400 lots) share Price (right axis)

Mixed direction: big-holder and retail changes are not aligned.

Describes chip flow, not investment advice. Branch data discloses only high-volume branches with ~1-day lag; TDCC is weekly. Inventory is a relative reconstruction from the window start, not absolute holdings.

Historical evidence

Signals active now

These signals are true on the latest data, with this stock's own historical forward-return stats after each occurrence.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 30.13%

Monthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).

85 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 47.9%, Sample 71, Median 0%, Excess +0.17%, Beat mkt rate 43.7%；60-day: Win 47.1%, Sample 70, Median -0.24%, Excess +0.91%, Beat mkt rate 44.3%；120-day: Win 40.6%, Sample 69, Median -4.53%, Excess +0.79%, Beat mkt rate 46.4%

120 days after: historical avg +2.65%

20-day +0.78%
60-day +2.6%
120-day +2.65%
20-day
60-day
120-day
Win
47.9%
47.1%
40.6%
Sample
71
70
69
Median
0%
-0.24%
-4.53%
Excess
+0.17%
+0.91%
+0.79%
Beat mkt rate
43.7%
44.3%
46.4%

Over 69 occurrences, 120-day forward avg gained 2.65%, beat the market by 0.79 pts; win rate 40.6%.

Valuation regime and subsequent returns

Each day's PE is converted to its own-history percentile (as of that day), then we look at adjusted-close returns over the next 240 trading days by valuation regime.

PE percentile bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 288+11.7% +8.7% 82.6% -18.3%
20-40 416+12.3% +5.8% 66.6% -4.9%
40-60 630+31.6% +26.5% 83.3% +9.8%
60-80 742+32.6% +18.8% 72.6% +18%
80-100 You are here1Insufficient data

Percentiles use an expanding own-history window (no look-ahead); forward return is 240 trading days on adjusted close. Sample days overlap; distribution is indicative only.

Current PE ≈ 43.26, at the 91.3th percentile of its own history (80-100 band).

Valuation × momentum historical grid

Every day in its own history is bucketed by valuation tercile (own-history PE) and 60-day momentum sign into six cells; we show adjusted-close returns over the next 120 trading days per cell.

Valuation
Momentum
Cheap (own-history bottom 1/3)
Mid
Expensive (own-history top 1/3)
60-day momentum up
+3.9%
Win rate 54% Excess +0.2%
200d
+9.9%
Win rate 61.2% Excess +0.7%
691d
Now
+17.7%
Win rate 71.5% Excess +3.7%
438d
60-day momentum down
+6.4%
Win rate 58.4% Excess -3.6%
356d
+19.3%
Win rate 76.4% Excess +11.5%
423d
+24.5%
Win rate 96.6% Excess -1.2%
89d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 438 historical days, 120-day forward avg gained 17.7%, win rate 71.5%, beat the market by 3.7%.

Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.

Does this signal hold up across the market

Over the past 242 months, on average ~404 stocks per month met “monthly revenue YoY ≥ 20%”; their adjusted-close return over the next 60 trading days averaged 6.94% (equal-weighted), beating the market by 2.37 points on average, and outperformed the TAIEX total-return index in 64.5% of months.

Each month, equal-weighted 60-day forward adjusted return of all signal-matching stocks, then averaged across months; excess vs the TAIEX total-return index.

Signals not active (historical stats for reference)

These are not occurring now; historical samples shown for comparison.

252-day price high (breakout)

Pending

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

24 times historically; 60-day forward avg +7.28%, win rate 65.2%, beating the market by +2.28 pts on average.

Foreign net buying for 5 straight days

Pending

Foreign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.

41 times historically; 60-day forward avg +8.33%, win rate 69.2%, beating the market by +5.27 pts on average.

What does 萬泰科 do? Company profile

通信網路業；電線電纜、高速傳輸線材、網路線與電子線製造 上櫃（櫃買中心）

Overview

6190 對應證券為萬泰科技股份有限公司，簡稱萬泰科，英文名 WONDERFUL HI-TECH CO., LTD.，為上櫃普通股，不是 ETF、ETN、權證或特別股。公司前身為萬泰電線電纜股份有限公司，1978年6月19日成立，1998年2月4日上櫃，統一編號04674153。登記/工廠地址為桃園市中壢區北園路17號，公司總部亦揭露於新北市五股區新北產業園區五工六路72號。董事長為張銘烈，總經理為張程雅，發言人為黃琡媚。依 2026 年可查資料，實收資本額約新台幣18.65億元，已發行普通股約1.865億股。主要股東依公司官網 2025/04/07 股權結構：美銘投資 14,221,070 股、8.34%；張銘烈 11,950,911 股、7.01%；萬旭電業 5,490,121 股、3.22%；張明華 1,925,605 股、1.13%；其餘含外資保管專戶、富山精機廠、鐘連在、郭美鶯等。員工規模方面，公開摘要資料約稱集團約3,100人，但未在本次查得最新官方逐年員工總數，故列為估計值。集團生產與銷售據點包含台灣、中國大陸/香港、泰國、越南與美國；公司官網揭露台灣、中壢工廠、東莞、泰國春武里、上海、越南等事業群。

Business

萬泰科是線材與電纜製造商，創立初期以電纜及電子線為主，1995至2000年間台灣廠轉型為網路線與高頻同軸線專業生產廠，2007年取得 CAT6A 10G 線材國際認證。主要產品包含區域網路線材、網通產品、高頻同軸電纜、三層絕緣線、電子線、電源線、電腦線、汽機車用線、灌溉線、輻照線、高溫線、AI Server Cable、Patch Cord，以及通訊網路、車用、家電、住宅、醫療、工業、能源與客製化線材應用。商業模式以接單製造、客製化設計與全球多據點量產供應為主，收入認列以某一時點移轉之商品銷售為主。依 2025 年前三季合併財報，營收新台幣65.551億元，主要產品線比重約為：網路線 22.493億元、34.3%；電子線 15.722億元、24.0%；汽車及機車線 8.064億元、12.3%；灌溉線 5.019億元、7.7%；輻照線 3.106億元、4.7%；電源線 0.787億元、1.2%；電腦線 1.201億元、1.8%；高溫線 0.164億元、0.3%；其他 8.996億元、13.7%。地區別外部客戶收入 2025 年前三季為台灣 19.845億元、大陸及香港 8.978億元、泰國 16.348億元、越南 11.838億元、美國 8.543億元，顯示東南亞與台灣生產銷售比重高。主要終端應用包括企業網路與資料中心布線、AI伺服器/機櫃內高速銅纜、低軌衛星通訊、汽機車、工業設備、家電、灌溉與能源等。公開新聞提及公司切入 AI 伺服器高速線、NV Link/機架內高頻銅纜及低軌衛星線材，但多數終端客戶名稱未由公司正式完整揭露。

Outlook 2025–2028

2025至2028年展望核心在 AI 高速傳輸線材、低軌衛星、CAT6A以上高階網路線、輻照交聯線與客製化高毛利產品。2025年公司法說會重申營收年增20%至25%、長期毛利率20%、營業利益率10%至12%的目標，並計畫將高毛利產品占營收比重由2024年的15%提升至2030年的30%。AI高速線方面，公開報導指出泰國廠第一階段月產200萬米已於2025年4月啟動，2025年底目標提升至800萬至1,000萬米，2026年目標約1,800萬至2,000萬米；產品預計由2025年6月小量出貨、7月規模量產，初期聚焦 AI 機架內部高頻銅纜，後續拓展至機架間傳輸。2026年公開法說報導指出公司目標營收衝破百億元、AI高速線接獲高階產品大單、低軌衛星訂單翻倍；這些屬公司/媒體轉述目標，非保證。2027至2028年合理推估成長動能將來自資料中心 AI 叢集對高速銅纜、低延遲短距離互連與高階網路布線需求增加，以及低軌衛星終端與地面設備擴張；但需留意 CPO/光互連技術對部分銅纜需求的替代、AI伺服器平台規格變動、客戶認證與量產爬坡、銅價與塑化材料價格波動、新台幣升值造成匯損、客戶集中與議價壓力、美國關稅與地緣政治、東南亞擴產良率與資本支出回收等風險。

Supply Chain

Upstream
  • 華新麗華 1605 上游銅材、線纜與金屬材料供應鏈代表企業；本次未查得其為萬泰科直接供應商，列為產業上游參考。
  • 大亞電線電纜 1609 上游/同業電線電纜與銅材供應鏈代表企業；未確認為萬泰科直接供應商。
  • 華榮電線電纜 1608 電線電纜上游與同業供應鏈公司；未確認為萬泰科直接供應商。
  • 台塑 1301 PVC、塑化材料為線材絕緣/被覆常見原料來源之一；未確認為萬泰科直接供應商。
  • 南亞 1303 塑膠、電子材料與線材被覆材料相關上游代表企業；未確認為萬泰科直接供應商。
  • 銅、鋁、PVC、PE、FEP/Teflon、連接器、屏蔽材料、輻照設備與檢測設備供應商 萬泰科產品需使用導體、絕緣/被覆材料、屏蔽材料、插頭連接器與測試/輻照設備；具體直接供應商名單未完整公開。
Downstream
  • 全球線組廠與AI伺服器供應鏈夥伴（未具名） 公司法說報導稱正與全球頂尖線組廠供應鏈夥伴洽商合作，供應 AI 伺服器與資料中心高速線纜；具體公司名稱未完整公開。
  • 低軌衛星客戶/衛星通訊設備供應鏈（含市場傳聞 SpaceX） 公開投資報導多次提及低軌衛星需求與可能客戶，但公司未在可查官方資料中完整具名；SpaceX為美國未上市公司，列為未確認市場資訊。
  • 資料中心、雲端服務、網通設備、系統整合與企業布線客戶 網路線、CAT6A以上高階線、AI機架內/機架間高速銅纜的主要下游應用；多數終端客戶未具名。
  • 汽機車、家電、工業、醫療、能源與灌溉設備客戶 電子線、汽機車線、輻照線、灌溉線及客製線材的終端應用客群；具體客戶未公開。

Competitors

  • 貿聯-KY 3665 台股上市連接線、線束、資料中心與電動車線材大廠，與萬泰科在高階線材、資料中心與客製化線束應用有競爭或可比性。
  • 良維 6290 台股上櫃電源線、連接線與電子線供應商，為線材同業。
  • 鴻碩 3092 台股上櫃連接線、訊號線與電源線廠，產品應用與萬泰科部分重疊。
  • 信邦 3023 台股上市連接器、線束與整合線材解決方案廠，在工業、車用、醫療等高階客製化應用具競爭性。
  • 正崴 2392 台股上市連接器、線纜與電子零組件廠，具大型客戶與垂直整合能力。
  • 宏致 3605 台股上市連接器與線纜組件廠，在電子與高速訊號連接領域可比。
  • 凡甲 3526 台股上市連接器與高速傳輸零組件廠，受惠伺服器/高速傳輸趨勢，屬相鄰競爭族群。
  • 萬旭 6134 台股上櫃線材、連接線與網通相關產品廠，同時為萬泰科主要股東之一；在部分線材產品具同業可比性。
Sources（16）

This company profile is compiled from public sources (annual reports, filings, news and analyst reports), not finlab backtest data; the 2025–2028 outlook contains forward-looking estimates and is for reference only.

Method and limitations

  • All returns use adjusted close (etl:adj_close), already adjusted for dividends and splits.
  • Excess return is measured against the TAIEX total-return index (dividends included).
  • Valuation regime and percentile stats use an expanding own-history window (no future data).
  • Revenue-signal event dates align to the first trading day after the filing deadline, avoiding look-ahead.
  • Event samples may overlap in time; stats describe historical distribution only and are less reliable when samples are few.

This page is historical statistics for educational purposes and is not investment advice. Investing involves risk; past performance does not indicate future results. Assess and bear the risk yourself before trading.