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Giant, Merida and Ideal see sales declines in September

Published October 22, 2025

TAIPEI, Taiwan (BRAIN) — Taiwan's three publicly traded bike factories are reporting their sales were down in September, year-over-year, although Ideal Bike, the smallest of the three, recorded sales closer to flat. 

Giant Group’s operating revenue in the month was NT$5.2 billion ($169 million), down 13.45% from the same month last year. Year-to-date through September, Giant’s sales totaled NT$47.96 billion, down 17.86%. 

Merida Industries’ operating revenue in the month was NT$2.3 billion, down 11.22% from the same month last year. Year-to-date through September, Merida’s sales totaled NT$21.8 billion, down 8.66%. 

Ideal Bike’s operating revenue in the month was NT$143.7 million, down 0.64% from the same month last year. Year-to-date through September, Ideal’s sales totaled NT$1.9 billion, up 0.33%. 

Taiwanese component maker Sun Race Sturmey-Archer Inc. reported operating revenue of NT$71.7 million in September, up 16.38% from the same month last year. Year-to-date through September, the company’s sales totaled NT$611.40 million, up 12.41%.  

The reports filed with the Taipei stock exchange do not include profitability figures, which are part of the companies’ quarterly Financial Reports usually released in the coming weeks.  

Topics associated with this article: Earnings/Financial Reports