Giant 2019 Revenue at Record High

Giant Manufacturing has announced financial data for December and the entire year of 2019. The group stated that revenue in December 2019 was NT$ 4.808 billion (approx. US$ 160 million), an increase of 6.93% annually. For the entire year, Giant recorded a total revenue for the year of NT$ 63.405 billion (approx. US$ 2.11 billion), an increase of 5.67% year-on-year. This figure was a record high after the group's revenue of 60.4 billion yuan in 2015.

The company stated that the main growth of Giant-branded product sales in 2019 came from Giant Europe—where the growth momentum of electric bicycles was still strong, Giant America and Giant China. However, it was noted that anti-dumping and exchange rates were adverse factors throughout the year.