Net income increased 21% in the second quarter to TWD 1,849 million ($66.0 mm) from TWD 1,522 million on 8% higher revenues of TWD 21,373 million ($763.0 mm) against TWD 19,702 million. The results slowed significantly from the huge Q1 gain, lapping the initial outbreak of the coronavirus last year. Continued strong worldwide demand for bicycles, which is still outstripping supply, kept gross margin high at 26.0%, up 300 basis points from last year. Retail inventories remain low, at below 30 days, the company said. In an effort to keep up with demand, Giant Group will invest $48 million over ... Log in to view full article.