Giant Bicycles reported a 16.9% year-on-year decline in net revenue for the first three quarters of the fiscal year, totaling NT$47.96 billion (approximately RMB 10.9 billion). The company stated that its gross profit margin for the period was 19.8%, with pre-tax net profit reaching NT$1.43 billion and post-tax net profit at NT$910 million, translating to earnings per share of NT$2.31.
Giant’s third-quarter revenue fell 24.9% year-on-year, though its gross margin rose to 21.5% from 18.5% in the same period last year. The company attributed this improvement primarily to promotional activities for its own-brand products during the peak season and inventory provision reversals driven by sales.
Giant noted its OEM business achieved nearly 20% sales growth in the first three quarters, driven by recovering demand in Europe. Sales of its own-brand products in Europe also rebounded.
“While performance varied across regions, the overall trend is stabilizing,” the company stated in a Friday release. “In the U.S., consumer confidence remains cautious due to tariff policies and macroeconomic factors. In mainland China, revenue declined due to a high base last year. As the year-end holiday season approaches, the group will continue to flexibly adjust market strategies to enhance sales performance.”
The company reported that e-bikes accounted for 25% of its revenue in the first nine months of this year, a slight decrease from the same period last year. Looking ahead, Giant will continue to strengthen operational resilience, respond flexibly to market changes, steadily advance business strategies, create lasting value, and meet the expectations of global consumers.
