Industry Titbits
Industry News
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Merida reported First Half EPS of NT$3.50
Merida’s Board of Directors meeting on Aug 9th has approved the consolidated result of the first half of 2019. Thanks for the growth of e-bikes with higher price and margin, the result was significant better in all aspects. The profit before tax was NT$1.39 billion, up 22.6% from the prior year. The profit after tax was NT$1.06 billion, up 83.5% compared with a year earlier. The EPS was NT$3.5, up 90.2% from a year ago. Merida saw growth of 6.6% on sales in China from Jan to Jun. The sales in both Europe and the US are both going well... 2019-08-13
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TAIPEI CYCLE SHOW 2020：4-7 MARCH
Taipei Nangang Exhibition Center, Hall １& Hall ２ LEVs and electric systems, e-Bikes, IOT solutions and parts Country Pavilions including Italy, Japan, Korea and the Confederation of the European Bicycle Industries(CONEBI)amongst others Regular catwalk fashion shows,supporting exhibiting apparel brands Taipei Cycle+ including Smart Cycling, start-up zone and seminars Taipei Cycle Forum sessions, including Trends in the e-Bike market Taipei Cycle Show d&i Design Awards 2020 Bike demonstrations thoughout the event in the new on-site Demo Area 2019-07-31
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INTRODUCING CADEX, AN ALL-NEW BRAND OF ULTRA-PERFORMANCE CYCLING COMPONENTS
Developed in partnership with world-class pro racers, this new line of premium cycling products includes WheelSystems, tires and saddles Following a multi-year development phase, which brought together engineers, biomechanics experts, professional race teams and athletes to rethink the possibilities of high-performance cycling products, CADEX components are coming to market. A limited collection of new CADEX products was unveiled on July 4, at a global launch ahead of the 2019 Tour de France. The CADEX project began in 2016 as an ambitious attempt to develop superior cycling components for pro racers. The brand name stems from a “moonshot” project by Giant... 2019-07-09
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FASTEN PRODUCTS Shoots First Arrow in Eastern European Market. SETS UP Delivery Warehouse in Bulgaria
FASTEN PRODUCT (FPD) has been deeply involved in the Eastern European market for a long time, which is ahead of Taiwan bicycle industry. FPD fired the first shot in the Eastern European bicycle market and sets up delivery warehouse in Bulgaria. Proximity to the pulse of the European Market means Instant Service to Customers Why choose to set a delivery warehouse in Bulgaria? Frank Zhao, the Deputy General Manager, says it is to get closer to the pulse of the market of European customer in order to improve service quality. Compared to other bicycle manufacturers who are still located in... 2019-05-23
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Merida sees strong growth in Q1 profit.
Merida’s Board of Directors meeting on May 10th has approved the Q1 financial. The Q1 sales amount was NT$5.57 billion, NT$187 million, or 3.25%, down compared with a year earlier. Though the sales was lower, Merida sees strong growth on profit due to higher average price and profit from robust e-bike sales, better return from oversea investments, and stable currency exchange rates. The Q1 profit before tax was NT$635.4 million, around 50% higher than the year before. The profit after tax was NT$478.9 million, and the EPS was NT$1.6. The sales in China market has continued to improve from earlier... 2019-05-14