The Taiwanese bike maker suffered declines through the year after a banner 2022, ending with 42% lower net income attributable to shareholders of TWD 3,401.4 million ($109.0 mm) down from TWD 5,843.9 million, as revenues slipped 16% to TWD 76,953.5 million ($2,466.5 mm) from TWD 92,043.7 million. Mainland China was a bright spot, growing substantially after the lifting of Zero Covid restrictions at the end of 2022, and e-bike sales continued to thrive, accounting for 30% of Giant’s global revenue. Gross margin narrowed by 60 basis ... Log in to view full article.