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2488

漢平 Other Electronics As of 2026-06-17 Updated daily after market close

steady quality, discounted valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 漢平 to your watchlist to track signal changes on your next visit.
Valuation 80Quality 64Growth 70Momentum 64Chips 59

Is 漢平 a buy? Fundamentals and valuation first

  • Above-average profitability.Operating margin is in the 66th market percentile. Latest quarterly ROE ≈ 2.6%.

  • Valuation is low.PE is in the 12th market percentile; within its own history, PE is around the 63th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 1.6% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 26.5%, 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 +0.97
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 華南永昌-台南 holds 1,473 lots
  • sellers have 247 lots left, ~528 sessions to clear

Window from 2026-01-17 · Price +19% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 華南永昌-台南 has accumulated 1,473 lots since the start (sold 0%), holding.
  • Main distributor 新加坡商瑞銀 peaked at 284 lots, has sold 26%, 211 left, ~528 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +4.93pp, mid holders +2, retail -5.48pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -101 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
華南永昌-台南富邦-仁愛中國信託-永康永豐金-敦南國票-和平凱基-台北
Distributing
新加坡商瑞銀宏遠-民生花旗環球國泰-館前富邦-陽明元大-高雄
Desks
own scale
凱基-湖口元大-台中兆豐-鹿港玉山-台南
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 華南永昌-台南 +1,473
    sold 0%
  • 富邦-仁愛 +1,148
    sold 2%
  • 中國信託-永康 +1,148
    sold 0%· still adding
  • 永豐金-敦南 +833
    sold 0%
  • 國票-和平 +573
    sold 0%· still adding
  • 凱基-台北 +491
    sold 18%

Distributing

  • 新加坡商瑞銀 211 left
    sold 26%· ~528 sessions to clear
  • 宏遠-民生 10 left
    sold 86%· paused recently
  • 花旗環球 26 left
    sold 59%· paused recently
  • 國泰-館前 6 left
    sold 88%· paused recently
  • 富邦-陽明 6 left
    sold 88%· paused recently
  • 元大-高雄 14 left
    sold 46%· paused recently

Desks

  • 凱基-湖口 -672
    unclassified
  • 元大-台中 -663
    unclassified
  • 兆豐-鹿港 -326
    unclassified
  • 玉山-台南 -218
    unclassified
Still selling 247 lots ~528 sessions to bottom at most
Recent buy/sell force +668 absorbed / -27 sold buyers slightly ahead
Hedge-desk net short -12 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)

Direction matches: big-holder share rose while retail share fell.

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 26.47%

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

78 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 64.8%, Sample 71, Median +2.7%, Excess +1.9%, Beat mkt rate 54.9%；60-day: Win 64.3%, Sample 70, Median +6.43%, Excess +6.34%, Beat mkt rate 54.3%；120-day: Win 55.1%, Sample 69, Median +5.44%, Excess +9.03%, Beat mkt rate 49.3%

120 days after: historical avg +15.49%

20-day +3.04%
60-day +10.01%
120-day +15.49%
20-day
60-day
120-day
Win
64.8%
64.3%
55.1%
Sample
71
70
69
Median
+2.7%
+6.43%
+5.44%
Excess
+1.9%
+6.34%
+9.03%
Beat mkt rate
54.9%
54.3%
49.3%

Over 69 occurrences, 120-day forward avg gained 15.49%, beat the market by 9.03 pts; win rate 55.1%.

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)
0-20 790+16.8% +17.3% 63% +1.2%
20-40 659+20.6% +13.7% 69.7% -5.1%
40-60 613+18.4% +5.3% 60.2% +5.5%
60-80 You are here413+6.7% +3.8% 56.7% -14.6%
80-100 308+11% +13.6% 75.6% +8.8%

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 ≈ 11.64, at the 63.2th 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
+13.7%
Win rate 73% Excess +2%
497d
Now
+8%
Win rate 66.4% Excess -1.7%
723d
-0.1%
Win rate 52.8% Excess -4.4%
436d
60-day momentum down
+5.6%
Win rate 48.4% Excess -5.3%
833d
+8.3%
Win rate 51.5% Excess +0.1%
293d
+11.3%
Win rate 90.9% Excess +20.9%
121d

Currently in “Mid × 60-day momentum up”: across 723 historical days, 120-day forward avg gained 8%, win rate 66.4%, lagged the market by 1.7%.

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.

36 times historically; 60-day forward avg +7.95%, win rate 55.9%, beating the market by +4.95 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.

58 times historically; 60-day forward avg +4.35%, win rate 61.4%, beating the market by +0.06 pts on average.

What does 漢平 do? Company profile

其他電子業；專業音訊與DJ設備ODM/OEM 台灣證券交易所上市

Overview

2488 對應證券為漢平電子工業股份有限公司，為台灣證券交易所上市普通股。公司成立於1969年4月1日，上市日期為2001年9月17日，總部位於台南市仁德區中正路三段256號，董事長兼總經理為劉深鏗，發言人亦為劉深鏗，代理發言人為朱文賢。實收資本額約新台幣799,994,330元，已發行普通股79,999,433股，統一編號68889236，簽證會計師事務所為資誠聯合會計師事務所，股務代理為中國信託商業銀行代理部。公開資料顯示公司營運總部在台南，另有深圳漢平、漢池兩個生產基地；2023年法說資料顯示台南總部員工約150人、深圳兩廠約900人，但此員工數為法說資料時點，非2026年最新正式員工總數。主要內部持股可查得彥均股份有限公司、劉深鏗、劉進忠、許景河等董監事或內部人持股；完整前十大股東名單未能在本次搜尋中取得官方最新表格。

Business

漢平早期由家電製造起家，後以馬達與音訊機構技術切入唱盤及專業音訊市場，定位為娛樂音訊與專業DJ產品的ODM/OEM製造商。主要產品包括黑膠唱盤音響器材、全自動唱盤系統、直驅馬達唱盤、皮帶驅動馬達唱盤、DJ專業傳統唱盤、DJ專業混音器、All-in-one DJ system、DJ數位控制器、USB錄音系統、無線傳輸唱盤、USB MIDI高解析音頻介面、唱盤訊號擴大器、專業高功率擴大器、高功率混音器、調音台等。應用場景包括PUB、夜總會、演唱會、廣播電台、音樂錄音室、個人視聽娛樂、學校、會議室、劇院與大型演唱會。2024年產品營收結構約為音訊產品98%、其他2%。銷售以外銷為主，公開資料列示銷售地區比重約美國38%、荷蘭18%、日本11%、其他33%。商業模式以承接國際音訊品牌客戶之產品設計、工程開發、量產製造與供應鏈整合為主，核心競爭力在機構、馬達、音訊電子、軟硬體整合與少量多樣的專業音訊產品製造經驗。公司未公開揭露主要客戶名單；早期媒體曾提及DENON、American DJ、Pioneer、AIWA、Sony等品牌產品與漢平供應關聯，但該資料年代久遠，僅作歷史背景參考，不視為2026年仍有效之客戶清單。

Outlook 2025–2028

2025年公司營運受美國關稅、客戶拉貨觀望與匯率因素影響，全年營收約28.82億元、年減約9.29%，EPS約4.56元，低於2024年。2026年前5月營收約11.86億元、年增約14.51%，顯示客戶拉貨動能較2025年回溫；2026年第1季EPS約0.92元、年增約10%，但季減，仍需觀察毛利率、匯率與訂單延續性。2025至2028年主要成長動能在專業DJ設備升級、All-in-one DJ system、無線傳輸唱盤、USB/MIDI音訊介面、軟硬體整合控制器，以及黑膠唱盤與創作者音訊設備的利基需求。若國際品牌客戶持續推出新款控制器、數位混音器與無線音訊產品，漢平有機會受惠於ODM設計導入與量產放大。中長期趨勢包括黑膠與類比音訊復興、DJ與內容創作者設備數位化、音訊產品與軟體平台整合、專業音訊產品小眾高附加價值化。主要風險包括產品集中於音訊產品、終端市場規模相對利基、國際品牌客戶集中度未揭露但可能偏高、關稅與地緣政治影響深圳產能、美元與新台幣匯率波動、IC與電子零件成本變動、競爭對手低價競爭、終端娛樂消費景氣循環，以及新產品導入速度不如預期。2027至2028之具體財務目標與擴產計畫未見公司公開明確指引，因此相關展望屬基於產業與既有產品線的推估。

Supply Chain

Upstream
  • 積體電路IC供應商 漢平年報與產業資料列示重要原物料包含積體電路IC，但未公開揭露具體供應商名單；可能涵蓋音訊處理、USB/MIDI、電源管理與無線傳輸相關IC。
  • 電子零件供應商 重要原物料包含電子零件，供應內容可能包括電阻電容、連接器、開關、PCB、音訊介面與電源相關零組件；公司未公開揭露具體供應商。
  • 沖床、機構件與塑膠射出供應鏈 重要原物料包含沖床類，且深圳廠具塑射噴漆、基板、生產組裝等能力；外部供應商未公開揭露。
  • 馬達與精密機構零組件供應鏈 公司由馬達技術切入唱盤市場，唱盤與DJ設備需馬達、轉盤、軸承、機構與外觀件；具體供應商未公開揭露。
Downstream
  • 國際專業音訊品牌客戶 公司以外銷與ODM/OEM為主，服務全球專業音訊品牌；主要客戶未公開逐名揭露。
  • 美國音訊與DJ設備市場 公開資料顯示銷售地區以美國占比最高，約38%；下游為品牌商、代理商、樂器音響通路、DJ與創作者設備通路。
  • 荷蘭及歐洲音訊設備市場 公開資料顯示荷蘭約占銷售18%，推估與歐洲品牌客戶、物流或區域通路有關；具體客戶未揭露。
  • 日本音訊與DJ設備市場 公開資料顯示日本約占銷售11%，下游為日本品牌、代理商或專業音訊通路；具體客戶未揭露。
  • PUB、夜總會、演唱會、廣播電台、錄音室、學校、會議室、劇院與個人視聽娛樂使用者 為漢平音訊產品的終端應用場景，非直接掛牌客戶。

Competitors

Sources（19）

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.