Giant Group's Total Revenue Increased By 14.4% in The First Three Quarters

On November 4th, the Board of Directors of the huge group passed the financial report of the first three quarters of 2022. Although the global inflation is intensified, the Russian and Ukraine War and the shortage of high -level components were unfavorable, the Group's revenue still reached a new high in the same period. In the first three seasons, the Group's consolidated revenue of NT $ 70.87 billion, an annual increase of 14.4%; due to the increase in OE sales, and the cost end affected by the increase in the cost of materials, logistics, and human costs, the gross profit margin decreased compared with the same period last year, affecting the performance of operating interests. Because the strong dollar brought exchange benefits, the net profit before tax increased by 9.9%compared with the same period last year. The net profit after tax also increased by 16.5%compared with the same period last year to 5.63 billion yuan.

In the third quarter, due to the smooth shipment of foundry business and the continuous sales of the Chinese market, the group's revenue growth was driven. The single -quarter consolidated revenue was 25.87 billion yuan, an annual increase of 29.7%, and it also hit a new quarterly revenue. In the third quarter, due to the favorable factors of the depreciation of the Taiwan dollar, the net profit after tax increased by 56.6%from the same period last year to 2.01 billion yuan, and the net profit per share was 5.35 yuan.

Due to the shortage of high-end bicycles and electric bicycles (E-Bike) parts last year, the supply of high-end bicycles and electric power was not affected. In the US market, the level of low -level inventory in the US market has risen, and there is no stock in the middle and high levels. The revenue of Jie'nte's US company has decreased by more than 10%compared with the same period last year; the revenue of Giant European companies has decreased slightly compared with the same period last year; 30 %. The huge group continues to be optimistic about the growth of E-Bike. If the supply problem can be improved, it can sustain the revenue of the Group. In the first three quarters of this year, the Giant Group E-Bike Sales (OB+OE) accounts for nearly 30%of the Group's revenue.

At present, the European and American market channel inventory has gradually replenished, and low -level inventory has become higher, but high -end products are still in short supply. Although market demand is slower than the previous two years, people have greatly improved the awareness of environmental protection and health in the middle and long term. In addition Governments of various countries actively encourage the public to ride on mobility, and the bicycle industry is still full of unlimited business opportunities.