Press Center
The Board of Directors of Giant Group today (August 7) approved the financial report for the first half of 2026. Cumulative consolidated revenue for H1 2026 reached NT$29.19 billion, with net profit after tax of NT$435 million, generating an earnings per share (EPS) of NT$1.11.
Although the OEM business in the first half of the year was affected by structural factors such as last year's high base period and adjustments in the shipping schedule to the US, the group's Q2 operational momentum rebounded strongly as the benefits of new bike launches gradually materialized and market demand steadily recovered. Consolidated revenue for the single quarter returned to a growth track, reaching NT$16.67 billion (a YoY increase of 5.8%). Net profit after tax for Q2 reached NT$630 million, representing a substantial YoY surge of 234%, boosting single-quarter EPS to NT$1.62, demonstrating the effective execution of the group's product strategy and global market positioning.
New Product Boost and Product Mix Optimization Lift Gross Margin Rate to 22.3% Giant Group's Own-Brand business showed strong resilience in the first half of the year. Sales growth in the European and US markets was driven by the launch of new model-year bikes, while the China market returned to a growth trajectory in Q2, with the cumulative rate of decline continuing to narrow. Particularly in Q2, strong sales of the new flagship aero road bike, Propel, under the GIANT brand, combined with a significant increase in the proportion of high-margin Own-Brand products and little need for heavy clearance discounts, substantially improved the overall profit structure.
Benefiting from product mix optimization, Giant's overall gross margin rate in the first half of the year rose against the trend to 22.3% (compared to 19.1% in the same period last year). The single-quarter gross margin rate in Q2 rebounded even further to 24.2%. Operating profit for H1 reached NT$809 million, showcasing excellent cost control and brand profitability.
H2 Outlook: Focus on New Product Effects and Market Structure, Cautiously Responding to External Challenges Looking ahead to the second half of the year, Giant Group remains cautiously optimistic about the overall operational recovery. Inventory adjustments in the European market are nearing completion, and with the arrival of the traditional peak sales season and the global roll-out of new model-year bikes, demand has recovered significantly. The China market continues to benefit from steady demand driven by the cycling trend, delivering stable market performance. However, consumer trend in the US market remains conservative due to geopolitical factors and external uncertainties; the group will closely monitor market changes to respond flexibly.
In the face of challenges in the global macroeconomic environment, Giant Group will continue to drive up the proportion of high-margin products through the introduction of new products, while leveraging its strong brand influence and global channel resilience to maintain a steady operational pace and earnings quality.
