The bicycle maker’s full-year net income attributable to shareholders increased 20% to TWD 5,930 million ($212.8 mm) from TWD 4,949 million, as revenues climbed 17% to TWD 81,840 million ($2,936.5 mm) from TWD 70,011 million. Giant said that the record top line was bolstered by strong sales in the U.S., Europe and China of its owned Giant, Liv and Momentum bike brands, along with Cadex parts. The e-bike boom continues to grow in the U.S. and Europe, and shipments of bikes Giant makes for other brands under contract were also higher. Gross margin was 24.1% for the year, up 110 ... Log in to view full article.