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8104

錸寶 Optoelectronics As of 2026-06-17 Updated daily after market close

quality needs a look, premium valuation.

1 active signal
Foreign buy
This page refreshes daily after the close. Add 錸寶 to your watchlist to track signal changes on your next visit.
Valuation 30Quality 17Growth 7Momentum 60Chips 61

Is 錸寶 a buy? Fundamentals and valuation first

  • Weak profitability.Operating margin is in the 21th market percentile. Latest quarterly ROE ≈ -1.6%.

  • Valuation is high.PE is in the 100th market percentile; within its own history, PE is around the 96th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 1.9% of volume (net buy).

  • Signals are active now.On the latest data, signals such as Foreign net buying 5 straight days are active — see the historical forward returns after each occurrence below.

Chip flow

Bearish -0.43
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 凱基-士林 holds 511 lots
  • sellers have 1,233 lots left, ~41 sessions to clear

Window from 2026-01-17 · Price +10% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 凱基-士林 has accumulated 511 lots since the start (sold 4%), still adding.
  • Main distributor 凱基-台北 peaked at 1,114 lots, has sold 33%, 745 left, ~22 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders -4.37pp, mid holders +3, retail +2.80pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -89 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
凱基-士林港商野村台灣摩根士丹利統一-台南富邦-台北台新-吉利
Distributing
凱基-台北元大-竹科新加坡商瑞銀摩根大通美林富邦-高雄
Desks
own scale
兆豐-埔墘兆豐-竹北凱基-中港第一金-忠孝
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 凱基-士林 +511
    sold 4%· still adding
  • 港商野村 +488
    sold 18%
  • 台灣摩根士丹利 +472
    sold 0%· still adding
  • 統一-台南 +323
    sold 0%
  • 富邦-台北 +277
    sold 7%· still adding
  • 台新-吉利 +273
    sold 0%· still adding

Distributing

  • 凱基-台北 745 left
    sold 33%· ~22 sessions to clear
  • 元大-竹科 556 left
    sold 27%· paused recently
  • 新加坡商瑞銀 171 left
    sold 64%· ~6 sessions to clear
  • 摩根大通 107 left
    sold 57%· paused recently
  • 美林 71 left
    sold 66%· ~5 sessions to clear
  • 富邦-高雄 87 left
    sold 52%· paused recently

Desks

  • 兆豐-埔墘 -2,977
    unclassified
  • 兆豐-竹北 -979
    unclassified
  • 凱基-中港 -835
    unclassified
  • 第一金-忠孝 -411
    unclassified
Still selling 1,233 lots ~41 sessions to bottom at most
Recent buy/sell force +2,398 absorbed / -989 sold buyers slightly ahead
Hedge-desk net short -33 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.

Foreign net buying for 5 straight days

Active · now 5%

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

29 historical occurrences (since 2019-01-29)
Average forward return after Foreign net buying for 5 straight days。20-day: Win 50%, Sample 28, Median +1.03%, Excess -1.44%, Beat mkt rate 46.4%；60-day: Win 53.6%, Sample 28, Median +1.67%, Excess -2.14%, Beat mkt rate 46.4%；120-day: Win 55.6%, Sample 27, Median +1.03%, Excess -10%, Beat mkt rate 22.2%

120 days after: historical avg +3.03%

20-day +0.31%
60-day +4.91%
120-day +3.03%
20-day
60-day
120-day
Win
50%
53.6%
55.6%
Sample
28
28
27
Median
+1.03%
+1.67%
+1.03%
Excess
-1.44%
-2.14%
-10%
Beat mkt rate
46.4%
46.4%
22.2%

Over 27 occurrences, 120-day forward avg gained 3.03%, lagged the market by 10 pts; win rate 55.6%.

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 0Insufficient data
20-40 11Insufficient data
40-60 43-30% -33.6% 0% -24.6%
60-80 131+2.5% +2% 58.8% -28.1%
80-100 You are here239+7.9% +5.5% 60.3% -40%

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 ≈ 3125.0, at the 95.8th 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
Insufficient data
(0d)
Insufficient data
(18d)
-2.3%
Win rate 38.9% Excess -16.9%
162d
60-day momentum down
Insufficient data
(0d)
-35.4%
Win rate 0% Excess -18.9%
36d
Now
+3.8%
Win rate 54.9% Excess -14.2%
328d

Currently in “Expensive (own-history top 1/3) × 60-day momentum down”: across 328 historical days, 120-day forward avg gained 3.8%, win rate 54.9%, lagged the market by 14.2%.

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.

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.

Monthly revenue YoY ≥ 20% (from filing deadline)

Pending

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

37 times historically; 60-day forward avg -0.45%, win rate 44.8%, beating the market by -6.91 pts on average.

What does 錸寶 do? Company profile

光電業；PMOLED／顯示器模組、鋰電池模組與儲能系統 上市（台灣證券交易所）

Overview

8104 對應證券為錸寶，為台灣證券交易所上市普通股，非 ETF、ETN、特別股或權證。公司成立於 2000 年 3 月 13 日，2016 年 7 月 26 日登錄興櫃，2019 年 1 月 17 日上市。總部與主要營運據點位於新竹縣湖口鄉新竹工業區光復北路 12 號。公司英文簡稱 RiTdisplay，統一編號 70766576，總機 03-5989999。董事長為葉垂景，總經理為陳康，發言人為王鼎章。依公開股市基本資料，實收資本額約新台幣 1,040,581,920 元，已發行普通股約 104,058,192 股；依 114 年度年報，115 年 3 月 31 日合併從業員工 454 人。主要股東名單（115 年 4 月 27 日）包括錸德科技 28,978,512 股、持股 27.85%，鈺德科技 3.32%，博錸科技 2.61%，安可光電 1.10%，林瑞發 0.92%，統振 0.90%，葉丞恩 0.51%，郭開俊 0.43%，葉垂景 0.33%，花旗台灣商銀受託保管瑞銀歐洲 SE 投資專戶 0.32%。公司屬錸德集團，錸德科技為最大股東與最終控制者。114 年度合併營收為新台幣 3,559,112 千元，年增 54.84%，稅後淨損 9,029 千元；114 年度為虧損，董事會擬不分派股利。

Business

錸寶原為台灣第一家投入 PMOLED 研發與製造的公司，官網稱其為全球 PMOLED 最大產能製造商之一，創立背景來自錸德集團與 Alan J. Heeger、Intel、GE、Viewsonic、Futaba、Dupont Display 等合資，建立台灣第一條 PMOLED 量產線。公司目前營運已由單一 PMOLED 轉向顯示器、能源與臭氧事業多角化。114 年度營收結構為：PMOLED 模組新台幣 513,685 千元、占 14.43%；PMOLED 玻璃 30,493 千元、占 0.86%；電池模組 2,884,999 千元、占 81.06%；其他 129,935 千元、占 3.65%，其他包括 IC 等電子零件、水家電、SMT 代工與租賃收入。顯示器產品包括被動式單色、多色與彩色 OLED，主要尺寸以 3 吋以下小尺寸顯示器為主，並代理或銷售 TFT-LCD、AMOLED、EPD 等多元顯示器，應用於醫療儀器、家電、工業儀器、車載、機上盒、博弈機、穿戴裝置、IoT、電子菸、Banking U-Key、智慧家庭與其他利基產品。能源事業透過來穎科技與達振能源布局：來穎科技主攻儲能系統用高效鋰鐵電池模組，產品涵蓋 UPS、BESS、EMS、電網系統後台管理與微電網；達振能源從事智慧家庭裝置、工業電腦、平板、導航等小功率電池模組 OEM/ODM 設計、開發與製造。臭氧事業包括臭氧水、臭氧家電與模組，訴求殺菌、淨化氣味、蔬果清洗、寵物沐浴、水耕降藻等應用。114 年銷售地區為台灣 61.70%、中國大陸 25.39%、美國 8.63%、其他國家 4.28%。年報揭露 114 年主要銷貨客戶為 D 客戶 39.96%、A 客戶 12.00%、其他 48.04%，未揭露實名。

Outlook 2025–2028

2025 至 2028 年主要觀察點在能源事業放大、顯示器產品多元化、利基 PMOLED 與新顯示技術。公司 114 年度年報揭露，面對中國顯示器產業投資、供過於求與價格競爭，公司將控管成本、提升營運效率、尋求產品多元化與市場轉型；自 2023 年起代理銷售 TFT-LCD、AMOLED、EPD，2024 年起陸續量產，未來逐步擴大比重。顯示器業務將強化 PMOLED 在網通、電腦周邊、影音、工業、車用與光學應用的利基定位，並與國內外技術合作開發 Micro LED 與新的 AMOLED 驅動方式、OTFT AM 基板、Mini/Micro LED 背板代工、穿透式 PMOLED、觸控 PMOLED、IC-free 段碼顯示器、高效率與長壽命 OLED。能源方面，公司與子公司屬中游電池模組與儲能櫃廠，鋰電池模組與儲能系統已成最大營收來源；新竹儲能櫃產線已擴充，市場報導指出與雲豹能源合作 60MW 儲能案場預計 2026 年上半年商轉，另有日本、美國、歐洲、澳洲等海外案場與客戶洽談或推進。2025 年新聞與法說資訊顯示，能源事業受 BESS、UPS、BBU、HVDC、AI 資料中心備援電力等需求帶動，管理層看好能源事業仍有成長空間。2026 至 2028 年若儲能案場如期完工回收、BBU/UPS 認證與量產順利、海外儲能案場落地，能源營收占比可能維持高檔並成為獲利改善關鍵；但需注意公司 114 年度仍虧損、電池模組毛利與工程認列波動、客戶集中、電芯供應與價格、儲能案場驗收時程、台電輔助服務市場飽和、海外認證與法規、PMOLED 價格下滑及中國廠競爭。2027 至 2028 的具體財測公司未公開，相關展望屬依公司揭露策略、年報產業趨勢與新聞資訊推估。

Supply Chain

Upstream
  • 禾伸堂企業股份有限公司 3026 年報列為 113 年與 115 年截至 3 月 31 日進貨逾 10% 的主要供應商；禾伸堂為台股上市公司，主要供應電子材料或零組件，實際品項未在年報逐項揭露。
  • LG Energy Solution 年報列為主要供應商之一，為韓國上市電池企業；錸寶鋰電池模組主要原物料為電芯，採購對象包括日本、韓國等國際知名電芯大廠。
  • 甲供應商 年報匿名揭露之主要供應商，114 年進貨占比 40.22%，115 年截至 3 月 31 日占比 10.47%；未揭露實名，無法判斷是否上市櫃。
  • PCB、電源供應器、線材、接頭、主被動元件、鐵件、塑膠件、包材供應商 年報揭露為電子材料、機構材料、包裝材料之國內外供應商，供貨正常、品質與交期穩定；未列示個別公司名稱。
  • Smartkem 年報揭露錸寶與英國 Smartkem 合作開發 OTFT AM 基板技術並建立廠內試產線；非台股掛牌公司。
Downstream
  • 雲豹能源科技股份有限公司 6869 新聞與來穎科技網站揭露雲豹能源與錸寶合作 60MW 儲能案場，預計 2026 年上半年商轉；雲豹能源為台股掛牌公司。
  • 台灣電力公司 公司產品與來穎科技曾參與台電儲能系統公標案、AFC 調頻輔助服務等儲能應用；台電為國營事業，非台股上市櫃。
  • D 客戶 年報匿名揭露之 114 年最大銷貨客戶，銷貨金額新台幣 1,422,260 千元、占銷貨淨額 39.96%；未揭露實名。
  • A 客戶 年報匿名揭露之 113 年與 114 年主要銷貨客戶，114 年銷貨金額新台幣 427,061 千元、占 12.00%；115 年截至 3 月 31 日占 30.13%；未揭露實名。
  • 醫療、工控、車用、網通、機上盒、穿戴裝置、智慧家庭、電子菸、Banking U-Key 等品牌與 OEM/ODM 客戶 PMOLED 與多元顯示器下游應用客戶群，年報僅揭露應用類別與區域，未揭露個別公司名稱。
  • UPS、BESS、AI 伺服器 BBU、半導體廠務、交通與海外儲能案場客戶 能源事業下游應用與潛在客戶群；新聞揭露公司正推進 UPS、儲能櫃、BBU 與海外案場，但多數客戶未具名。

Competitors

  • 智晶光電股份有限公司 5245 台灣 PMOLED 同業；錸寶年報指出台灣 PMOLED 廠商目前僅剩智晶等，PMOLED 市場競爭集中於少數廠商。
  • 維信諾科技股份有限公司 中國 OLED 廠商，非台股掛牌；年報提及中國維信諾曾處分 PMOLED 業務，全球 OLED 多數廠商以 AMOLED 為主。
  • SOAR Corporation 日本 PMOLED 相關供應商，非台股掛牌；年報列為全球 PMOLED 其他廠商之一。
  • 新普科技股份有限公司 6121 台股上市電池模組廠，屬筆電、消費電子與非 IT 電池模組主要競爭者。
  • 順達科技股份有限公司 3211 台股上市電池模組廠，近年亦受伺服器 BBU 與非 IT 電池需求帶動，與錸寶能源事業部分應用重疊。
  • 加百裕工業股份有限公司 3323 台股上市電池模組與電源相關廠商，與錸寶在鋰電池模組、BBU 概念與部分能源應用市場重疊。
  • 西勝國際股份有限公司 3625 台股上市電池模組與電源產品廠，與錸寶在電池模組及備援電力相關應用存在競爭。
  • AES-KY 6781 台股上市鋰電池模組與電池管理系統廠，主要聚焦高階電池模組與 BMS，與錸寶能源轉型方向部分重疊。
  • 長園科技實業股份有限公司 8038 台股上櫃鋰電池材料與電池相關廠商，在儲能與電池應用鏈中與錸寶能源業務有部分競爭或替代關係。
Sources（14）

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.