TAICHUNG CITY, Taiwan (BRAIN) — Giant Group is noting that new product launches helped increase its gross margin rate in the first quarter, when the manufacturer recorded a net loss after tax of NT$200 million ($6.37 million).
The company also reported a one-time cost of NT$80 million ($2.56 million) related to the Withhold Release Order issued by the U.S. Customs and Border Protection last September. It said the WRO issue has “entered its final stage and is not expected to have any further impacts on future earnings.”
Giant said the launch of new products under its own brand in the quarter helped improve its gross margin rate to 19.6%, up from 17.8% in the same period last year. Giant's full-year gross margin was 19.81% in 2025 and 18.99% in 2024.
As reported last month, Giant’s revenue for the quarter totaled NT$12.52 billion, down 25.7% year-over-year. The company said the quarterly revenue figure “was impacted by normalization of OEM business mix following an elevated prior-year comparison base and softer demand.”
Share buy-back and wind tunnel
Giant also announced a share buy-back program, with repurchased shares to be transferred to employees. It plans to buy 4 million shares (which represents 1.02% of its total shares issued) between now and July 7 at between NT$60 and NT$100 per share. The stock was trading at about NT$68 this week, a significant decline from its 52-week high of NT$135.50. The company said the buyback was a "proactive response to the current market valuation."
The company’s board also approved a capital investment of an undisclosed amount in a new wind tunnel laboratory.
Looking ahead, the company said in a statement, “the Group expects market conditions to gradually improve as the industry enters the traditional peak season in the second and third quarters, supported by the launch of new products and improving retail demand. Giant Group will continue to leverage its global manufacturing footprint and vertically integrated capabilities to enhance operational resilience and efficiency, and continue to drive innovation in support of global sustainable mobility.”
Earlier this week, Giant revealed its pick for a location in Boulder, Colorado, for its new North American headquarters. The company is leasing a 44,000-square-foot building on Boulder's Walnut Street.
