Huge Group Held A General Meeting Of Shareholders And Is Optimistic About Its Operation in The Second Half Of The Year

The Huge Group shareholders meeting on July 8, 2021 was held smoothly, and it stated that European and American countries will gradually unblock in the second half of the year, and demand for recreational sports vehicles will increase significantly, and they are optimistic about operations in the second half of the year. The shareholders' meeting also passed the 2020 financial report and a cash dividend of NT$8 per share, and completed the re-election of directors.

The huge consolidated revenue last year was NT$70.01 billion, net profit after tax was NT$4.95 billion, both revenue and profit hit record highs, and the after-tax earnings per share were NT$13.19. Du Xiuzhen pointed out that under the strong demand for bicycles and E-bike in various markets around the world, the huge first-quarter revenue and profit of 2021 reached record highs. The first-quarter consolidated revenue was NT$20.62 billion, an annual growth of 54.8%. , Gross profit margin rose to 24.4%, and net profit after tax grew 170% over the same period last year.

 

Regarding the outlook of the bicycle market after the epidemic, Liu Yongchang, the chief executive of the giant, pointed out that the bicycle market will continue the boom of 2020 this year, and the demand will continue to be strong. Cycling and walking and sports will become the new normal. In addition, E-bike has become the mainstream of the market. It is one of the huge main growth drivers. In the first quarter of 2021, e-bike has reached 30% of the group's revenue.