Press Center
Giant Group (TWSE: 9921) today (Nov 9) convened a meeting of its Board of Directors and approved its financial results for the third quarter of 2026. As the global bicycle market showed signs of a gradual recovery, the Group's operations demonstrated solid recovery momentum. Third-quarter revenue grew year over year for the second consecutive quarter, while operating profit for the first nine months shifted from a year-over-year decline in the first half to year-over-year growth, reflecting continued improvement in core operating profitability.
Giant Group reported consolidated revenue of NT$16.31 billion for the third quarter of 2026, up 6.2% year over year. Gross margin improved to 23.9% from 21.5% a year earlier, while operating profit rose 29% to NT$510 million. For the first nine months, consolidated revenue totaled NT$45.5 billion, down 5.1% year over year, with the rate of decline narrowing from the first half. Operating profit increased 4.7% year over year to NT$1.32 billion. Net profit after tax was NT$765 million, with earnings per share (EPS) of NT$1.96.
In terms of market performance, strong sales of flagship models for the new model year sustained momentum in the Group's own-brand business. Sales in both Europe and China grew year over year during the first nine months, supported by new product launches, while demand in North America remained relatively soft amid macroeconomic pressures and inflation. Strong sales of higher-value new products under the Group's own brands, with no clearance discounting needed this year, improved the Group's overall gross margin and profitability for the first nine months.
In the OEM business, performance in the first nine months remained relatively soft, primarily due to a high comparison base resulting from the concentrated shipment of deferred orders in the prior year, as well as lower shipments to the United States. However, the increased contribution and higher margin of the own-brand business helped offset fluctuations in the OEM business and further strengthened the Group's overall operating fundamentals.
Looking ahead, Giant Group will remain focused on its core priorities of strengthening profitability, improving efficiency, and driving growth. The Group will respond prudently to changing market conditions across regions and leverage product innovation and supply chain flexibility to capture opportunities arising from the market recovery, supporting continued progress in its operations.
