Industry Titbits
Industry News
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Merida Holds Shareholders’ Meeting, Approves 2024 Dividend Distribution of NT$4.0 per Share with Faith in the Market Outlook.
Merida held its Annual Shareholders’ Meeting on June 25, 2025, and approved the 2024 earnings distribution proposal. Despite posting a net loss for the year due to non-operating factors, the company resolved to distribute a cash dividend of NT$4.0 per share, reflecting confidence in the long-term prospects of the bicycle market, supported by steady growth in its core business. In 2024, Merida’s gross margin from operations remained stable, and revenue returned to a growth track, reaching NT$29.6 billion - an increase of 8.7% compared to the previous year. As market demand gradually recovered, operating profit from core business amounted to... 2025-06-25
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From Vietnam to Europe: ASTRO TECH Builds a New Global Manufacturing Base
In response to rapid global market shifts, ASTRO is accelerating its international production expansion. The new Phu Chanh manufacturing factory, located in Vietnam, officially broke ground on June 10, 2025, and is scheduled to begin mass production in Q4 2026. This strategic milestone marks ASTRO’s next step toward smart manufacturing and sustainable development. The Vietnam factory, covering 68,000 square meters, is dedicated to aluminum bicycle frame production, with an estimated annual capacity of 800,000 units. The project’s total investment of USD 30 million, including USD 20 million allocated to building an ESG-compliant factory that meets LEED green building standards, balancing... 2025-06-11
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GW Limiter Headset Wins the Prestigious Taipei Cycle d&i Awards 2025
GW is thrilled to announce that the innovative Limiter Headset has been honored with the prestigious Taipei Cycle d&i Awards 2025, recognizing its thoughtful design, practical functionality, and contribution to sustainable mobility. The GW Limiter Headset addresses common design challenges found in existing limiter headsets on the market. By resolving issues such as the need for custom tools or parts and installation difficulties, it provides a practical and durable solution for modern bike designs. With its steering stop options up to 150°, impact-absorbing plastic limiter, and smooth clamping mechanism, the Limiter Headset is particularly well-suited for e-bikes and other bike... 2025-03-14
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Bicycle Industry Crisis: Astro’s Transformation Amid Inventory and Competitive Pressures
The bicycle industry is facing significant challenges, with high inventory levels emerging as a core issue. Prior to 2022, rising demand and the pandemic prompted brands and suppliers to increase procurement, leading to supply chain backlogs. Although discount promotions have accelerated inventory clearance, brand profitability has suffered, increasing financial pressure. Some startups have been eliminated due to insufficient funding, while traditional brands are struggling to stay afloat. Certain brands have passed losses onto suppliers or defaulted on payments due to bankruptcy, further straining the supply chain, which may reach its breaking point by 2025. Consumer preference for discounted prices has... 2025-01-20
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Giant Group Makes Inaugural Entry into the DJSI Emerging Markets Index, Becoming the First in the Global Bicycle Industry to Achieve this Distinction.
S&P Dow Jones Indices announced the 2024 constituents of the Dow Jones SustainabilityIndices (DJSI) on December 16. Giant Group proudly joins the DJSI Emerging Markets Index,making it the very first company in the global bicycle industry to earn a place on thisprestigious list. This recognition underscores Giant Group’s exemplary performance across sustainability, environmental protection, social responsibility, and economic governance,setting a new standard for the international bicycle sector. In the assessment results, Giant Group ranked within the top 6% of the leisure equipment and consumer electronics industry category for its combined environmental, social, and economic governance performance—far surpassing industry averages in... 2024-12-17