Giant Group generated total revenue of NT$7.192 billion in May, a 1.51% increase over the same period last year. Furthermore, from January to May, the company reported revenue of NT$34.708 billion with an annual growth rate of 36.44%.
Europe and the United States report an ongoing strong demand for bicycles and e-bikes. The sales of e-bikes and OEM businesses are the main drivers for Giants' increased revenue in May. The selling of its brand was affected by the higher sales last year and the low inventory level of the distributors.