In 2021, Giant Group's Sales in The First Three Quarters Will Increase By 18% Over The Same Period

Giant Group's sales for the first three fiscal quarters of 2021 totaled 61.94 billion yuan (US$2.23 billion), an increase of 18% over the same period last year. Net income during the period increased by 32% to NT$4.83 billion. Giant's sales and profits in the first three quarters set records.

Huge Group’s sales for the quarter were NT$19.95 billion, an increase of 2.5% over the same period last year, and the net profit after tax for the quarter was NT$1.28 billion, a year-on-year decrease of 13.6%. And said that the shortage of spare parts affected the overall production in the third quarter, and the increase in spare parts costs and logistics costs also affected profits.

The company said: "Compared with last year, the giant group achieved double-digit revenue growth in the first three quarters of the European and North American markets. In the Chinese market, sales increased by about 10%. Electric bicycles in the three quarters This has increased by 37% and currently accounts for approximately 31% of the group’s business."

As retailers and suppliers hope to rebuild inventory in the winter, sales are expected to remain strong. However, the giant group said that component suppliers and transportation logistics will continue to affect delivery, and will continue to use its procurement and production advantages to maintain overall output to meet market demand.