Text & Photos: Wheel Giant

Giant Group held its board meeting on May 9 and approved the financial results for the first quarter of 2025. Thanks to a significant increase in contract manufacturing orders, the group's consolidated revenue reached NT$16.85 billion, marking a year-over-year growth of 4.9%.

Gross margin stood at 17.8%, with operating profit at NT$425 million, representing a decline of 21.7%. Pre-tax profit was NT$490 million, down 40.4% from the same period last year. Net income after tax came to NT$370 million, reflecting a 29.3% decrease. Earnings per share (EPS) for the quarter were NT$0.94.

On the branded sales side, performance was softer due to a high base in China’s domestic market last year. However, cycling remains popular in China, and both the U.S. and European markets are showing signs of stabilization. With the peak sales season approaching, demand is expected to pick up in the second and third quarters.

In response to rapid changes in global tariffs, trade tensions, and exchange rates, Giant Group is adopting a cautious strategy. Leveraging its global manufacturing footprint and operational flexibility, the company continues to demonstrate resilience and competitiveness. Giant is optimizing its factory advantages worldwide to minimize external shocks and seize emerging opportunities.

From May 5 to 8, Giant participated in the China International Bicycle Fair in Shanghai, which hosted 1,600 exhibitors and attracted over 200,000 visitors. The Giant brand showcased the industry’s first children’s balance bike made from recycled carbon fiber — the PRE rCARBON — along with a range of eco-friendly, low-carbon products. The presentation underscored Giant Group’s commitment to sustainability and received enthusiastic feedback from attendees.