Hanpin Electron Co., Ltd.

Hanpin Electron Co., Ltd.

TTWSE:2488
49.95
TWD
+0.05
(+0.10%)
4.26EPS
12.65P/E
4.34BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
29.66
25.21
30.04
40.51
26.76
32.91
31.72
24.22
31.07
38.57
30.77
39.72
36.03
37.44
Basic EPS, GAAP
3.43
2.26
2.98
5.64
2.37
3.65
3.5
2.27
1.79
3.86
4.39
5.24
4.56
4.29
Free Cash Flow per Basic Share
3.51
3.69
3.09
7.95
4
1.82
1.66
4.02
-0.97
5.88
7.79
5.78
6.62
0.81
Dividend per Share
0.6
2
1.6
2.2
3.5
1.9
2.5
2.3
1.5
1.2
2.5
2.8
3.2
- -
Book Value per Share
20.51
21.04
22.51
25.22
23.53
25.27
25.91
25.76
25.88
29.18
30.88
34.17
35.1
34.72
Tangible Book Value per Share
20.5
21.01
22.48
25.19
23.5
25.22
25.88
25.75
25.88
29.18
30.87
34.16
35.08
34.7
Basic Weighted Avg Shares
80
80
80
80
80
80
80
80
80
80
80
80
80
80
Sales/Revenue/Turnover
2,373
2,017
2,403
3,241
2,140
2,632
2,538
1,938
2,486
3,085
2,462
3,178
2,882
2,998
Operating Margin (%)
12.14
8.58
10.78
16.28
12.4
11.18
11.67
9.11
6.25
10.35
14.65
13.13
11.46
10.73
Depreciation Expense
39
41
33
32
33
35
38
37
36
35
35
34
36
37
Net Income, GAAP
274
181
238
451
190
292
280
182
143
309
351
419
365
344
Effective Tax Rate (%)
17.37
21.98
20.83
20.05
22.65
27.23
22.64
22.13
28.63
26.58
22.83
22.6
15.76
14.1
Profit Margin (%)
11.55
8.98
9.91
13.93
8.87
11.09
11.03
9.37
5.76
10.01
14.26
13.19
12.65
11.47
Working Capital
1,139
1,230
1,385
1,566
1,405
1,627
1,613
1,626
1,674
1,983
1,977
2,036
2,177
2,135
LT Debt
- -
- -
- -
- -
- -
- -
1
- -
1
- -
- -
1
- -
- -
Total Equity
1,651
1,696
1,814
2,033
1,900
2,043
2,096
2,084
2,092
2,334
2,471
2,733
2,808
2,777
Return on Invested Capital (%)
13.2
6.8
10.31
19.67
7.7
8.38
9.57
5.61
3.98
8.13
11.22
11.94
9.72
9.4
Return on Capital (%)
15.43
9.29
12.03
21.39
7.29
11.86
12.53
7.54
5.29
11.38
14.35
15.97
13.04
12.11
Return on Common Equity (%)
18.11
10.89
13.67
23.64
9.73
14.96
13.68
8.79
6.94
14.02
14.62
16.11
13.16
12.29

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
31
31
51
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
80
80
80
Market Capitalization
3,672
3,852
4,344

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,934
2,813
3,326
Cash, Cash Equivalents & STI
2,168
1,955
2,136
Accounts Receivable, Net
286
245
481
Inventories
395
563
618
Total Current Liabilities
757
766
1,190
Payables & Accruals
- -
- -
- -
ST Debt
31
31
51
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.62%
6.24%
2.72%
Free Cash Flow
-62.34%
-162.03%
14.47%
Net Income, GAAP
16.05%
22.89%
-13%
Sales/Revenue/Turnover
4.86%
10.4%
-9.29%
Total Cash Common Dividend
15.43%
15.97%
14.29%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
427
701
998
1,052
3,178
2025
579
720
- -
735
2,882
2026
600
943
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.74
1.39
1.66
1.46
5.24
2025
0.84
1.06
- -
1.03
4.56
2026
0.92
1.28
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.8
2025
- -
- -
- -
- -
3.2
2026
- -
- -
- -
- -
- -

Company Description

CEO
Shen Keng Liu
Full Time Employees
44,792
Sector
Consumer durables
Industry
Electronics/Appliances
Address
No. 256, Zhongzheng Road Tainan TQ Taiwan 241
IPO Date
Sep 17, 2001
Business
Hanpin Electron Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of audio products. Its main products include electronic consumer products such as Hi-Fi turntables, 5 disc CD players, and CD players; professional audio products including power amplifiers, powered mixers, mixing consoles, equalizers, and public address systems; as well as professional DJ equipment such as DJ turntables, CD/MP3 players, DJ mixers, SD/USB players, and MIDI controllers. Beyond audio product manufacturing, the company also designs and produces musical instrument equipment and commercial systems, electrical appliances, lighting equipment, data storage and processing devices, wireless communication machinery, and electronic components. Additionally, Hanpin provides product design and information software services, distributing these products domestically and internationally. Founded in 1975 and headquartered in Taiwan, Hanpin Electron has expanded its market gradually, with a strategic focus on forming alliances with renowned global brands and exploring new fields to broaden its revenue base. In the most recent fiscal periods, the company reported a revenue increase in its audio product segment, accompanied by an expansion in professional and commercial systems offerings. Hanpin targets both consumer electronics markets and professional/business sectors, operating across domestic and overseas markets. In the last 1-2 years, Hanpin Electron has emphasized strategic alliances to accelerate business growth, with an aim to leverage "Blue Ocean" market opportunities. The company has also maintained a focus on enhancing its product lineup with updated professional audio and DJ equipment while expanding its commercial and musical instrument equipment lines. Its recent financial reports indicated a profit increase despite some fluctuations in net sales, reflecting operational resilience amidst evolving market conditions. These developments signify Hanpin's ongoing commitment to both innovation and market diversification in the electronics and audio manufacturing industry.