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8024

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

quality needs a look, fair valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 佑華 to your watchlist to track signal changes on your next visit.
Valuation 35Quality 4Growth 81Momentum 22Chips 52

Is 佑華 a buy? Fundamentals and valuation first

  • Weak profitability.Operating margin is in the 4th market percentile. Latest quarterly ROE ≈ -6.0%.

  • Valuation is neutral.PE is in the 77th market percentile; within its own history, PE is around the 58th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 0.7% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 41.7%, 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 +0.35
BearishNeutralBullish

Institutional rotation, concentration steady — bullish

  • Institutional rotation, concentration steady — bullish
  • 兆豐-永和 holds 201 lots
  • sellers have 75 lots left, ~50 sessions to clear

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

  • Largest holder 兆豐-永和 has accumulated 201 lots since the start (sold 0%), holding.
  • Main distributor 國泰-台中 peaked at 40 lots, has sold 70%, 12 left, ~15 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +0.00pp, mid holders +1, retail -1.31pp — little change.
  • Foreign hedge-desk net short Net short -16 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
兆豐-永和美好群益金鼎-新竹群益金鼎-宜蘭台灣企銀-桃園元大-士林
Distributing
國泰-台中元大-南勢角永豐金證券元大-苑裡富邦-台北新光
Desks
own scale
永豐金-桃園玉山-桃園永豐金-竹科凱基-竹科
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 兆豐-永和 +201
    sold 0%
  • 美好 +104
    sold 0%
  • 群益金鼎-新竹 +102
    sold 0%
  • 群益金鼎-宜蘭 +95
    sold 0%· still adding
  • 台灣企銀-桃園 +83
    sold 0%· still adding
  • 元大-士林 +80
    sold 0%· still adding

Distributing

  • 國泰-台中 12 left
    sold 70%· ~15 sessions to clear
  • 元大-南勢角 20 left
    sold 46%· paused recently
  • 永豐金證券 5 left
    sold 86%· paused recently
  • 元大-苑裡 5 left
    sold 84%· ~50 sessions to clear
  • 富邦-台北 4 left
    sold 85%· ~10 sessions to clear
  • 新光 11 left
    sold 50%· ~10 sessions to clear

Desks

  • 永豐金-桃園 -195
    unclassified
  • 玉山-桃園 -150
    unclassified
  • 永豐金-竹科 -143
    unclassified
  • 凱基-竹科 -81
    unclassified
Still selling 75 lots ~50 sessions to bottom at most
Recent buy/sell force +182 absorbed / -61 sold buyers slightly ahead
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 41.71%

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

47 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 48.3%, Sample 29, Median 0%, Excess +3.78%, Beat mkt rate 51.7%；60-day: Win 50%, Sample 28, Median +0.89%, Excess +4.68%, Beat mkt rate 35.7%；120-day: Win 42.9%, Sample 28, Median -3.96%, Excess -5.67%, Beat mkt rate 35.7%

120 days after: historical avg +1.88%

20-day +5.21%
60-day +9.39%
120-day +1.88%
20-day
60-day
120-day
Win
48.3%
50%
42.9%
Sample
29
28
28
Median
0%
+0.89%
-3.96%
Excess
+3.78%
+4.68%
-5.67%
Beat mkt rate
51.7%
35.7%
35.7%

Over 28 occurrences, 120-day forward avg gained 1.88%, lagged the market by 5.67 pts; win rate 42.9%.

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)
0-20 181+5.5% +3.4% 64.1% -5.1%
20-40 303-12.6% -14.3% 11.2% -10.7%
40-60 You are here389+27% +9.9% 73% +4.6%
60-80 400+9.8% +5.1% 66% +1.1%
80-100 660+34.8% +3.3% 61.8% +9%

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 ≈ 34.18, at the 57.9th percentile of its own history (40-60 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
-2.8%
Win rate 30.1% Excess -6.6%
183d
Now
-2.4%
Win rate 49.6% Excess -4.8%
256d
+10.9%
Win rate 54.3% Excess +1%
562d
60-day momentum down
-2.1%
Win rate 40.8% Excess -1.1%
336d
+5.1%
Win rate 60% Excess -3.2%
260d
+30.5%
Win rate 70.4% Excess +13.7%
439d

Currently in “Mid × 60-day momentum up”: across 256 historical days, 120-day forward avg declined 2.4%, win rate 49.6%, lagged the market by 4.8%.

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.

18 times historically; 60-day forward avg +12.15%, win rate 27.8%, beating the market by +8.39 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.

17 times historically; 60-day forward avg -0.82%, win rate 62.5%, beating the market by -5.33 pts on average.

What does 佑華 do? Company profile

半導體業／IC設計／消費性IC與語音MCU 櫃買中心上櫃

Overview

佑華微電子股份有限公司成立於1992年7月28日，總部位於新竹市光復路二段295號9樓之1，為專業IC設計公司，核心業務為積體電路設計研發、應用與行銷。股票於2006年9月25日在證券櫃檯買賣中心掛牌上櫃，證券類型為普通股。實收資本額約新台幣451,601仟元，已發行普通股45,160,100股，每股面額新台幣10元。董事長為林振興；公司於2026年6月11日第十二屆董事全面改選後，董事會續推林振興為董事長；總經理及發言人為翁啟培。股務代理為永豐金證券股份有限公司，簽證會計師事務所為勤業眾信聯合會計師事務所。主要股東方面，依2025年股東會前十大股東相互間關係表，114年4月13日持股包括林振興3,873,055股、8.58%；翁啟培2,119,316股、4.69%；盧苔華1,379,000股、3.05%；佑旺投資股份有限公司1,147,078股、2.54%；洪冬梅891,519股、1.97%；張凱鈞845,000股、1.87%；匯豐託管阿卡迪恩新興市場微量資本證券687,000股、1.52%；張力豪653,000股、1.45%；張耀麟510,000股、1.13%；鄭鴻文475,410股、1.05%。員工規模未能在可讀公開資料中確認；公開資料僅可確認104人力銀行揭露資本額約4億5160萬元並有徵才資訊。

Business

佑華為Fabless IC設計公司，產品生產自光罩製作、晶圓製造、IC封裝等均委託專業廠商代工，產品銷售透過代理商機制建立通路，並於中國大陸及香港設有技術服務中心以支援客戶應用。主要產品包括語音控制IC、語音／音樂整合微控制器MCU、錄放音IC、LCD驅動微控制器、4-bit MCU、8-bit MCU、32-bit語音處理器／語音MCU、一般型MCU、錄音IC與開發工具。應用以消費性電子為主，包括音效產品、個人電子產品、家電產品、發聲玩具禮品、教育性玩具、互動式消費產品、小家電、安全系統、遙控玩具、IoT裝置、小型機器人與四軸飛行器等。營收結構方面，MoneyDJ彙整資料顯示2024年產品營收比重為消費性IC佔100%；銷售區域比重為台灣9%、亞洲91%，主要客戶類型為玩具大廠。公司官網揭露2025年合併營收153,782仟元，較2024年224,068仟元衰退31.37%；2026年1至5月累計合併營收77,882仟元，較2025年同期75,212仟元成長3.55%。商業模式以自行研發IC規格與設計、委外製造封測、透過代理商與技術支援服務銷售至玩具與消費性電子客戶為主。

Outlook 2025–2028

2025年營運壓力明顯，全年合併營收153,782仟元、年減31.37%，2025年股東常會通過114年度虧損撥補案，顯示公司近年處於營收縮減與虧損壓力中。2026年前5月營收年增3.55%，呈現低基期回穩跡象，但2026年第1季EPS仍為負值，短期重點應在產品組合調整、庫存去化、玩具及消費性客戶訂單回補、成本控管與新產品導入。中期至2028年的成長動能主要來自語音／音樂MCU、32-bit語音MCU、低功耗MCU、LCD MCU、錄放音IC與整合更多功能的SoC化產品，若玩具、教育互動產品、小家電、IoT裝置及具聲音互動功能的消費電子需求復甦，公司有機會受惠。公司官網揭露願景為使用更進步的半導體製造技術、整合更多功能於積體電路內並朝系統單晶片整合邁進；近期官網亦持續更新AM5PA(E) OTP、AM8EB233A等產品資料，代表仍維持MCU與語音IC產品迭代。主要風險包括：玩具與消費性電子景氣循環及終端庫存波動、客戶集中於亞洲及玩具大廠類型、低階語音IC與MCU價格競爭激烈、成熟製程委外產能與晶圓／封測成本波動、匯率變動、研發投入無法轉化為放量訂單，以及與國內外MCU／影音IC大廠競爭。2027至2028展望屬基於公司產品定位與產業趨勢的推估，未找到公司正式量化財測或擴產計畫。

Supply Chain

Upstream
  • 未揭露專業晶圓代工廠 佑華為IC設計公司，產品研發後委託專業晶圓廠代工製造；公開資料未揭露特定供應商名稱，故不填台股代號。
  • 未揭露IC封裝測試廠 公司產品經晶圓製造後需委託封裝測試廠封裝與測試晶片；公開資料未確認直接供應商。
  • 未揭露光罩製作廠 公司官網說明產品生產自光罩製作、晶圓製造至IC封裝均委託專業廠商代工；未揭露具名光罩供應商。
Downstream
  • 專業代理商與經銷通路 公司採代理商機制建立銷售通路，公開資料未揭露具名代理商。
  • 玩具大廠客戶 MoneyDJ彙整資料稱主要客戶為玩具大廠；未揭露完整名單。
  • Bandai 富果法說會紀錄稱終端客戶涵蓋日本萬代，屬日本企業，非台股上市櫃公司。
  • LEGO 富果法說會紀錄稱終端客戶涵蓋歐洲LEGO，非台股上市櫃公司。
  • 消費性電子、小家電、教育玩具、互動產品與IoT裝置製造商 佑華語音IC與MCU終端應用領域；多數實際客戶名稱未公開。

Competitors

  • 瑞昱半導體 2379 MoneyDJ列為影音IC國內競爭廠商之一；台股上市公司。
  • 新唐科技 4919 MoneyDJ列為影音IC國內競爭廠商之一；亦為MCU供應商，台股上市公司。
  • 凌通科技 4952 MoneyDJ列為影音IC與MCU主要競爭對手；台股上櫃公司。
  • 松翰科技 5471 MoneyDJ列為影音IC與MCU主要競爭對手；台股上櫃公司。
  • 盛群半導體 6202 MoneyDJ列為MCU主要競爭對手；台股上市公司。
  • 義隆電子 2458 MoneyDJ列為MCU主要競爭對手；台股上市公司。
  • 普誠科技 6129 MoneyDJ列為影音IC國內競爭廠商之一；台股上櫃公司。
  • 驊訊電子 6237 MoneyDJ列為影音IC國內競爭廠商之一；台股上櫃公司。
  • 合邦電子 MoneyDJ列為影音IC國內競爭廠商之一；本次未確認其仍為台股上市櫃公司，故stock_id填null。
  • Renesas Electronics MoneyDJ列為MCU國外競爭廠商；日本上市公司，非台股。
  • Infineon Technologies MoneyDJ列為MCU國外競爭廠商；德國上市公司，非台股。
  • Texas Instruments MoneyDJ列為影音IC與MCU國外競爭廠商；美國上市公司，非台股。
  • OKI Electric MoneyDJ列為影音IC國外競爭廠商；日本上市公司，非台股。
  • MegaChips MoneyDJ列為影音IC國外競爭廠商；日本上市公司，非台股。
Sources（18）

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.