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6788

華景電 Semiconductor As of 2026-06-17 Updated daily after market close

strong quality, fair valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 華景電 to your watchlist to track signal changes on your next visit.
Valuation 40Quality 93Growth 69Momentum 80Chips 11

Is 華景電 a buy? Fundamentals and valuation first

  • Top-tier profitability.Operating margin beats ~95% of the market. Latest quarterly ROE ≈ 6.6%.

  • Valuation is neutral.PE is in the 51th market percentile; within its own history, PE is around the 79th percentile.

  • Foreign investors are net selling.Foreign 20-day net flow ≈ -4.6% of volume (net sell).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 25.0%, 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

Bearish -0.39
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 元大-新生 holds 309 lots
  • sellers have 398 lots left, ~59 sessions to clear

Window from 2026-01-17 · Price +26% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 元大-新生 has accumulated 309 lots since the start (sold 0%), holding.
  • Main distributor 法銀巴黎 peaked at 283 lots, has sold 73%, 77 left, paused recently.
  • TDCC big holders (absolute) >1000-lot holders -8.22pp, mid holders -4, retail +10.21pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -3,999 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
元大-新生新光國泰-敦南中國信託-忠孝花旗環球元大-員林中山
Distributing
法銀巴黎富邦-建國群益金鼎元大-員林凱基凱基-站前
Desks
own scale
美商高盛新加坡商瑞銀凱基-台北台灣摩根士丹利
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 元大-新生 +309
    sold 0%
  • 新光 +304
    sold 2%· still adding
  • 國泰-敦南 +302
    sold 0%· still adding
  • 中國信託-忠孝 +226
    sold 5%· still adding
  • 花旗環球 +189
    sold 11%
  • 元大-員林中山 +123
    sold 19%

Distributing

  • 法銀巴黎 77 left
    sold 73%· paused recently
  • 富邦-建國 126 left
    sold 46%· paused recently
  • 群益金鼎 95 left
    sold 56%· paused recently
  • 元大-員林 124 left
    sold 33%· ~31 sessions to clear
  • 凱基 39 left
    sold 70%· ~14 sessions to clear
  • 凱基-站前 18 left
    sold 83%· paused recently

Desks

  • 美商高盛 -1,104
    hedge desk · will cover
  • 新加坡商瑞銀 -910
    hedge desk · will cover
  • 凱基-台北 -907
    day-trade · selling pressure
  • 台灣摩根士丹利 -728
    hedge desk · will cover
Still selling 398 lots ~59 sessions to bottom at most
Recent buy/sell force +702 absorbed / -225 sold buyers slightly ahead
Hedge-desk net short -3,041 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)

Weak direction: big-holder share fell while retail share rose.

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 24.96%

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

40 historical occurrences (since 2021-09-29)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 45.5%, Sample 33, Median -1.49%, Excess +1.39%, Beat mkt rate 48.5%；60-day: Win 42.4%, Sample 33, Median -2.31%, Excess +3.12%, Beat mkt rate 42.4%；120-day: Win 53.1%, Sample 32, Median +5.65%, Excess +2.76%, Beat mkt rate 37.5%

120 days after: historical avg +10.25%

20-day +1.26%
60-day +5.03%
120-day +10.25%
20-day
60-day
120-day
Win
45.5%
42.4%
53.1%
Sample
33
33
32
Median
-1.49%
-2.31%
+5.65%
Excess
+1.39%
+3.12%
+2.76%
Beat mkt rate
48.5%
42.4%
37.5%

Over 32 occurrences, 120-day forward avg gained 10.25%, beat the market by 2.76 pts; win rate 53.1%.

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 28Insufficient data
20-40 17Insufficient data
40-60 26Insufficient data
60-80 You are here83+33.9% +47.4% 74.7% +1%
80-100 1Insufficient 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 ≈ 23.53, at the 79.2th percentile of its own history (60-80 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
Insufficient data
(2d)
+22.7%
Win rate 97.8% Excess -10.1%
91d
Now
Insufficient data
(12d)
60-day momentum down
+62.9%
Win rate 100% Excess +17%
49d
+58.3%
Win rate 100% Excess +30.1%
64d
+10.9%
Win rate 56.1% Excess +11.4%
57d

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.

8 times historically; 60-day forward avg +7.37%, win rate 33.3%, beating the market by -0.29 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.

16 times historically; 60-day forward avg +11.15%, win rate 62.5%, beating the market by +3.78 pts on average.

What does 華景電 do? Company profile

半導體業；半導體設備與系統整合 櫃買中心上櫃

Overview

6788 對應證券為華景電，為櫃買中心上櫃普通股，非 ETF、ETN、權證或特別股。公司成立於 2000 年，總部位於苗栗縣竹南鎮科義街 41 號，主要聚焦半導體產業設備與解決方案。董事長為陳榮華，總經理為古震維；股票原為興櫃，於 2021-09-29 轉為一般上櫃買賣。2024 年永續報告書揭露實收資本額為新台幣 387,396,830 元，截至 2024 年底員工 202 人；2024 年服務市場涵蓋台灣、中國、日本、美國、歐洲，營運據點含竹南總部、竹南二廠、台北、台中、台南辦公室，並有中國昆山、美國亞利桑那等海外據點。2025-03-31 前十大股東資料包含金豆事業有限公司 5.74%、樂豆實業有限公司 5.36%、陳榮華本人 3.26%且利用他人名義合計 5.36%、高新明 2.12%、茂華投資 1.90%、法巴內部交易平台投資專戶 1.56%、美林國際投資專戶 1.53%、廖鴻文 1.35%、蕭奇謀 1.30%、簡豐杰 1.29%。2024 年合併營收約 21.52 億元，2025 年合併營收公告為 25.82 億元，2026 年第 1 季 EPS 4.49 元，2026 年 5 月累計營收約 11.58 億元、年增 13.62%。

Business

華景電主要提供微環境污染防治設備與傳載追蹤識別管理系統 RFID 相關產品之系統設計、製造與銷售，另有自動滅火系統設備施工、維護、檢測及設備代理銷售。核心產品包括：1. 關鍵材料傳載追蹤識別管理系統，整合 MES 與 BMHS 管理系統，控管晶圓盒、光罩盒等物料位置，降低找貨時間並提升生產效率；2. 先進材料傳載模組系統 AMHS，結合自動搬運與暫存，降低人力搬運、閒置及掉落風險；3. 高階製程微污染防治傳載系統 AMC free Handling System，以濕度控制、N2/XCDA 充氣、Purge、Air Curtain、Load Port 相關模組維持 FOUP 微環境，降低 AMC、濕氣、氧氣造成的晶圓污染，提高良率；4. Fire Protection System；5. 客製化硬體與軟體系統設計。公開資料顯示，2024 年主要營收來源為晶圓傳載微污染防治設備及 RFID 整合派工系統方案；MoneyDJ 報導稱晶圓製程 AMC 防治設備約占產品組合 7 至 8 成，其餘為 RFID 整合派工系統與其他。商業模式屬半導體設備利基型解決方案供應商，透過與客戶技術共同開發、設備設計、製造、安裝、驗證、維護與客製化專案服務收取收入。終端應用主要為晶圓代工、先進製程、先進封裝、封裝測試、記憶體廠與半導體設備商；公開資料與法說整理提及客戶群涵蓋台積電、聯電、日月光，以及 ASML、應用材料等國際半導體設備商，但個別客戶營收占比未由公司完整公開揭露。

Outlook 2025–2028

2025 年：營運受惠高階製程需求、AI/HPC、5G、車用、IoT 帶動先進製程微污染防治需求提升；2025 年前三季合併營收 18.71 億元、年增約 19.97%，EPS 12.09 元，2025 全年營收 25.82 億元。成長主因包括大客戶先進製程擴產、海外擴廠裝機、AMC 設備需求與 RFID/AMHS 解決方案需求。2026 年：多篇法說與媒體資料指出訂單能見度已達 2026 年第 2 季，預期 2026 年整體訂單需求仍增加；2026 年資本支出規畫約 2 億元，投入高雄服務據點或廠房裝修與竹南加工廠擴建。展望動能包括台灣 2 奈米及以下先進製程新廠、先進封裝廠、亞利桑那等海外晶圓廠建置，以及 CoWoS、CoPoS、Panel FOUP Purge、BR Load Port、E84 PIO & Controller、網路型 RFID 讀卡機等新產品或新應用。2027 至 2028 年：公司永續報告書訂有 2027-2030 中長期目標，包含專利累積至 120 件、持續客製化量產與設備教育訓練、將氣候變遷與水資源等納入供應商遴選；營運面若 2 奈米以下製程、SoIC/CoWoS/CoPoS、海外新廠內部建置與設備導入持續，華景電的 AMC 與自動化追蹤設備需求仍具延伸性。主要風險與挑戰包括：客戶集中與大客戶資本支出時程遞延、海外建廠與設備驗證進度不確定、半導體景氣循環、單一產品 AMC 占比較高、客製化專案交期與驗收認列波動、供應鏈零組件與加工品質、匯率與通膨、技術被國際設備或材料供應商替代、先進封裝新案貢獻時點不確定。2027-2028 年具體營收或 EPS 數字未見公司正式財測，故不列數字預估。

Supply Chain

Upstream
  • 電子零件、機構件、塑膠件、包材、RF 元件與設備模具供應商 公司永續報告書揭露供應鏈涵蓋電子零件、機構件、塑膠件、包材、RF 元件與設備模具等，並分為代理商與加工廠兩大類；未揭露主要供應商名稱。
  • 加工廠與客製化零組件製造商 供應商第二類為加工廠，需現場評估；支援華景電客製化設備、機構件、模組組裝與品質改善。
  • 氣體控制、感測器與自動化控制零組件供應商 依產品功能推定，Purge、N2/XCDA、RH/Temp、壓力、流量、RFID Reader、控制器等模組需相關零組件；具體供應商未公開，屬合理推估。
Downstream
  • 台灣積體電路製造股份有限公司 2330 晶圓代工與先進製程客戶；多篇二手資料稱華景電最大客戶為晶圓代工龍頭且公司與其關係緊密，但公司未在公開財報逐一揭露客戶營收占比。
  • 聯華電子股份有限公司 2303 法說整理提及前端晶圓製造客戶之一；應用於晶圓廠 RFID、AMHS、AMC 微污染防治等。
  • 日月光投資控股股份有限公司 3711 法說整理提及後段封裝廠客戶之一；先進封裝與封測廠導入為未來成長動能之一。
  • ASML Holding N.V. 荷蘭上市半導體設備商；法說整理提及為半導體設備商客戶或合作對象之一，非台股掛牌。
  • Applied Materials, Inc. 美國上市半導體設備商；法說整理提及為半導體設備商客戶或合作對象之一，非台股掛牌。
  • 記憶體、封裝測試及其他半導體廠 公司官方資料稱主要客戶涵蓋半導體產業、封裝測試產業、記憶體產業；未逐一公開公司名稱。

Competitors

  • 京鼎精密科技股份有限公司 3413 台股上市櫃半導體設備與零組件廠；在半導體設備、模組或客製化設備領域與華景電部分應用競合。
  • 家登精密工業股份有限公司 3680 台股上櫃半導體載具與先進製程供應鏈公司；與晶圓載具、先進製程周邊解決方案具部分競合。
  • 家碩科技股份有限公司 6953 台股掛牌公司；家登集團相關半導體設備與零組件業務，部分資料列為華景電競爭對手。
  • 創控科技股份有限公司 6909 台股掛牌半導體微污染監測與控制相關公司；公開說明書比較同業資料提及其業務與半導體 AMC、廠務監測相關。
  • 辛耘企業股份有限公司 3583 台股上市半導體設備、濕製程設備與晶圓再生服務公司；公開說明書比較同業資料列為半導體設備類比較公司。
  • 天虹科技股份有限公司 6937 台股掛牌半導體設備商；公開說明書比較同業資料列為半導體設備類比較公司。
  • Entegris, Inc. 美國上市半導體材料、過濾、微污染控制與先進材料處理解決方案供應商，非台股掛牌；在微污染控制與晶圓製程環境管理相關領域具國際競爭性。
Sources（17）

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.