Giant Group reported a significant rebound in OEM orders and a notable increase in its contribution share helped the Group deliver first quarter consolidated revenue of NT$16.85 billion, marking a year-over-year increase of 4.9 percent.
Giant Group reports in the New Taiwan dollar (NT$) currency.
Gross margin was 17.8 percent of revenue in the quarter, while operating profit reached NT$4.25 billion, a decrease of 21.7 percent year-over-year. Net profit before tax was NT$4.9 billion, down 40.4 percent compared to Q1 last year. Net profit after tax totaled NT$3.7 billion, reflecting a year-over-year decline of 29.3 percent, with earnings per share (EPS) at NT$0.94.
In terms of own-brand sales, Q1 revenue was relatively moderate due to a high base from China’s domestic market in the previous year. Nonetheless, the company said cycling remains popular in China, and with demand in the Giant Group U.S. and Europe markets gradually recovering, the upcoming peak season is expected to drive stronger sales in the second quarter and the third quarter.
Despite ongoing uncertainties related to global tariffs, trade tensions, and exchange rate fluctuations, Giant Group has responded with caution and resilience. Leveraging its well-established global manufacturing network and strategic flexibility, the Group continues to optimize production across regions, mitigate external risks, and seize emerging opportunities.
Image courtesy Giant Group
