Regarded as the 'TSMC of fitness equipment,' Lishan (1515) saw its stock price rise from a low of NT$25.95 to NT$34.95 during the week of October 14-18, achieving a remarkable gain of 35.48% and triggering three consecutive trading days of price limit increases. Foreign investors have purchased a total of 1,799 shares for six consecutive days.

On Friday (October 18), after opening at around the flatline, Lishan's stock peaked at NT$34.95 and closed at NT$33.6, up NT$1.8 or 5.66%, with a trading volume of 2,821 shares. The stock moved above the 5-day, monthly, quarterly, and semi-annual moving averages, forming a red candle with an upper shadow. Although the daily and monthly KD indicators are trending upward and buy orders outnumber sell orders, sustained growth is anticipated, with a challenge to this year's peak of NT$37.5 on the horizon. However, investors should remain cautious of profit-taking pressures due to increased resistance above.

Founded in 1973, Lishan is the largest manufacturer of desktop electric tools in Asia and owns the brand REXON. In recent years, it has diversified its operations, aggressively entering the markets of drones, fitness equipment, and electric bicycles, with revenue from fitness equipment now surpassing that of electric tools. Its key clients include True, Lifefitness, and Precor. Last year, Lishan established a joint factory in Thailand with China's Weihai Aowen Electromechanical Technology to mitigate the impact of US tariffs on Chinese imports, and in January of this year, it decided to set up a subsidiary in Vietnam to manufacture fitness equipment and gym equipment, actively dispersing its production base.

However, due to more stringent inventory management from clients, procurement has decreased, leading to a merged revenue of NT$1.014 billion in the first quarter of this year, a year-on-year decrease of 53.61%. Last year's merged revenue was NT$6.099 billion, down 9.08% year-on-year, while net profit after tax reached NT$319 million, a year-on-year increase of 3.26%, with an EPS of NT$1.76 and a planned cash dividend of NT$1.