Net loss attributable to shareholders was TWD 699.1 million ($21.8 mm) in 2024 against a profit of TWD 1,691.8 million, as revenues increased 9% to TWD 29,633.1 million ($923.2 mm) up from TWD 27,261.1 million. The Taiwanese bike maker took a TWD 4,064.7 million ($126.6 mm) loss on its equity method investments that included a one-time non-cash charge to write down the value of the Specialized equity it acquired in 2001 during the pandemic and recorded a loss on the valuation allowance for its related deferred tax asset. The company can ... Log in to view full article.