Giant Reports Simultaneous Growth in July OEM and OBM Businesses, Monthly Revenue Reaches NT$5.758 Billion, Up 12.75% Year-on-Year

Giant (9921-TW), which recently completed the early repurchase of 4,000 treasury shares—representing 1.02% of its total capital—announced its latest revenue figures today (10th). July 2026 revenue reached NT$5.758 billion, down 0.02% month-on-month but up 12.75% year-on-year. Cumulative revenue from January to July 2026 totaled NT$34.946 billion, down 7.36% year-on-year.

Regarding its own-brand (OB) business, Giant stated that favorable exchange rates and continued growth in the European market drove overall revenue to increase by over 10% year-on-year. In Europe, new product launches boosted sales, with monthly revenue up nearly 20% year-on-year. The UK and Netherlands regions performed particularly well, each growing close to 30%. In the Chinese market, revenue in TWD terms increased over 10% year-on-year, with demand remaining stable. The U.S. market, however, saw a decline in monthly revenue due to the ongoing WRO issue and reduced consumer confidence amid the Iran conflict.

For its original equipment (OE) manufacturing business, July 2026 revenue rose 8% both month-on-month and year-on-year, primarily due to the gradual shipment of new model-year orders, indicating stable recovery in customer procurement momentum.

On the financial front, following Giant’s H1 2026 EPS of NT$1.11, strong buying interest today pushed the stock price back above the NT$100 mark, closing at the daily limit of NT$101.5, with trading volume reaching 9,710 shares.

Giant’s Q2 2026 revenue returned to a growth trajectory, reaching NT$16.67 billion, up 5.8% year-on-year. Gross margin stood at 24.2%. Quarterly post-tax net profit surged 2.34-fold year-on-year to NT$630 million, with EPS of NT$1.62. H1 2026 revenue totaled NT$29.19 billion, with gross margin improving 3.2 percentage points to 22.3%. Net profit reached NT$435 million, with EPS of NT$1.11.

Giant noted that despite structural challenges in the OEM segment during the first half—including high base effects from the prior year and adjusted U.S. shipment schedules—Q2 operations rebounded strongly, driven by the rollout of new models and steady market demand recovery, returning revenue to growth.

The company’s own-brand business demonstrated strong resilience in H1. Sales grew in Europe and the U.S. thanks to new model launches, while the Chinese market returned to growth in Q2, with the year-to-date decline narrowing. Notably, the new aerodynamic flagship model, the Propel, saw exceptionally strong sales. The rising proportion of high-margin proprietary products, coupled with minimal discounting for inventory clearance, significantly improved profitability.

Looking ahead, Giant remains cautiously optimistic about an overall operational recovery. European inventory adjustments are nearing completion, and with the traditional peak season approaching and new models launching globally, demand is rebounding. The Chinese market continues to benefit from sustained cycling enthusiasm, showing stable performance. However, the U.S. market remains cautious due to geopolitical and external uncertainties, and the company will closely monitor developments to respond flexibly.

Facing global macroeconomic challenges, Giant will continue to drive higher-margin product mix through new product launches, leveraging its strong brand influence and resilient global distribution network to maintain steady operations and high-quality profitability.