Merida has released its financial statement for the first half of 2107. While total sales revenue for the entire group was down by 7% YOY at NT$12,129 million (approx. US$ 400 million), profits nosedived by nearly 50% YOY to NT$447.32 million (approx. US$ 14.76 million)...

Shimano has announced that its bicycle segment net sales declined by 2.7% in the first half of this year, while operating income decreased by 11.5%...