Leading Taiwanese bicycle manufacturer Merida Industry Co., Ltd. reported consolidated June revenue of NT$2.386 billion, up 4.38% month-on-month (down 6% YoY). The sequential growth was driven by continued demand recovery in China, where June sales volume jumped 18% YoY and sales value rose 14%.

Merida noted that global inventory destocking is near its end, signaling a gradual return to steady growth.

Key Financial & Operational Highlights:

1. H1 Sales Volume Growth: Merida shipped 104,824 complete bikes in June (+9% YoY). First-half (H1) shipments reached 546,930 units (+0.4% YoY), marking the company's first positive H1 shipment growth in nearly two years.

2. H1 Revenue: Total H1 revenue stood at NT$12.355 billion, down 15.29% YoY due to earlier destocking pressures. However, June revenue gained over NT$100 million compared to May.

3. New Product Strategy: With inventory returning to healthy levels, Merida is accelerating new product launches—following the debut of its Lethos e-bike on June 19, a major global product launch event is scheduled for July in Germany.

4. 2026 Outlook: Merida remains optimistic about stable growth in Europe and strong momentum in China. To maintain healthy channel inventory, 2026 shipments from its Taiwan plant are projected at approximately 340,000 units (down slightly from 370,000 last year), with an increased share of traditional bikes and adjusted e-bike volumes.