The large Taiwanese bike maker’s profit attributable to shareholders slipped 2% in the second quarter to TWD 1,152.5 million ($35.6 mm) from TWD 1,181.9 million, on 6% lower revenues of TWD 21,166.1 million ($654.7 mm) down from TWD 22,464.1 million. Chinese demand for high-end bikes continued to be strong, Giant said. The quarter represented a big sequential improvement from the 20% drop in first quarter sales, and Giant believes its bike business is turning a corner. Inventory in the American and European markets is finally returning to normal, leading to a ... Log in to view full article.