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GIANT Investor Presentation 2026
52786_rns_2026-05-27_e1eb99e4-8fa9-46a3-8e4f-78c59661e5c2.pdf
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Giant Group 2026 Investor Report
Why Giant Group different 獨特優勢
GIANT GROUP | GIANT UNITED NATIONAL CABEX
GIANT GROUP
Own Brand and OEM 自有品牌與代工客戶
零售價格區間：USD 300 ~ 13,500
USD 150 ~ 5,600
USD 1,500~4,500
Sales contribution %
SPIA
Stages 室內自行車
全球商用室內自行車前三大品牌 | 室內自行車領導者
2025年 營收 USD 18 百萬；目標在2027年營收達到倍數成長
- 全球高端健身房與精品室內自行車工作室
- 專業戶外騎乘者的室內訓練選擇
- 雲端生態系連結室內與戶外訓練課程
GIANT
SPIA STAGES
GIANT
GROUP
創新技術
R&D, innovation
One & only
追求唯一
整合全價值鏈
運動行銷
製造能力
Steady High quality output
優質產品
4 brands
零售週路
Giant Retail partnership
Online+Offline strategy
GIANT GROUP
GIANT UV momentum CADEX
GIANT GROUP
Giant E-Bike Tech
Designed, Algorithm, structure by GIANT
SMART
Control your ride with simple interfaces that put settings and ride data intuitively at your fingertips.
Ridecontrol & Ridedash
NATURAL
Add effortless rhythm to your ride with reactive pedal assistance that syncs with you exactly when you need it most.
Syncdrive Motors
Collaborated with YAMAHA
POWERFUL
Boost your output with extended range, rapid charging, and smart energy management for lasting peak performance.
Energypak Batteries
SECURE
Ride with peace of mind through advanced safety, smart security, and real-time awareness that keep you protected and in control.
Aegis Technology
Co-designed with Panasonic
GIANT GROUP
GIANT Uv momentum CADEX
GIANT GROUP
創新開發技術
CUTTING-EDGE COMPOSITE MATERIAL
All-new Professional Grade raw carbon material is woven in Giant's own composite factory to produce an even lighter, stiffer frameset than the previous generation. This material also uses Carbon Nanotube Technology resin to improve impact resistance.
LASER CUTTING
Whereas previous generations of TCR frames relied on machine-stamped composite swatches, new laser technology is now used to produce ultra-precise cuts. This translates into smaller, more exacting swatches, which results in lighter overall weight of the finished structure.
ADVANCED ROBOTIC LAYUP ASSEMBLY
Giant Manufacturing invested in a new robotic assembly process for the critically weight conscious areas of the frame and fork. Ultra-precise placement of 150 smaller, individual composite swatches results in lighter overall frame and fork weights.
FINISHING TECH
Our new ThinLine paint process on the TCR Advanced SL 0 Disc uses a minimum quantity of paint to save up to 50 grams compared to a traditional seven-layer paint application. In addition, a proprietary 3M adhesive protector is used to reinforce the integrated seatpost (ISP) when the saddle clamp is installed, saving more weight without sacrificing security.
GIANT GROUP
GIANT Uv momentum CADEX
GIANT GROUP
在全球擁有15間銷售子公司
We currently have 15 wholly-owned sales companies.
The Approach
to
Glocalization
全球在地化
9 GIANT GROUP
2006
- Giant Group currently has
- manufacturing factories.
- 9間製造工廠- 因應不同需求彈性分配生產基地
2006
- 歐洲市場-匈牙利廠
- Giant Group Hungary Manufacturing
- mainly supports the European market.
Capacity 300K
2006
- 美洲市場-越南廠
- Giant Group Vietnam Manufacturing
- supports the American market.
Capacity 260K
Elite XCO World Championship
GIANT GROUP
GIANT UK momentum CADEX
GIANT GROUP
經營績效
GIANT GROUP | GIANT UK MOTORISM CADEX
GIANT GROUP
SALES REVENUE & QTY
雖鈉售數量下滑，長期來看ASP仍穩定成長。
GIANT
GROUP
GIANT
GROUP
地區別營收
GIANT GROUP
GIANT UK momentum CADEX
ROW=rest of world
GIANT GROUP
EPS (NT$)
2023年存貨跌價損失新台幣12.9億元，影響每股盈餘-2.43元
2024年存貨跌價損失新台幣19.1億元，影響每股盈餘-3.61元
2025年每股盈餘受到營收下滑及一次性費用影響
GIANT GROUP
GIANT UK momentum CADEX
GIANT GROUP
E BIKE QTY('000)
OB
OB-CN
OE
TOTAL
2021
2022
2023
2024
2025
2026 (F)
2026年預計推出新的Ebike於中國市場
GIANT GROUP
GIANT Group
UN momentum CADEX
OB=OB non China sales
OB-CN=OB sales in China
OE=OEM business
GIANT GROUP
市場概況
GIANT GROUP | GIANT UK MOTÉRIUM CADEX
GIANT GROUP
暫扣令Withhold Release Order (WRO)進度說明
- 美國海關暨邊境保護局 (CBP)於美東時間 2025 年 9 月 24 日對巨大集團台灣製造廠發布暫扣令(WRO)。
- 巨大集團始終堅守對人權保障與法規遵循的承諾，對於人權疑慮，我們積極回應，並於官網說明目前已執行的具體措施。
2025/10/01
啟動稽核計畫
安排國際第三方稽核機構，進行獨立評估並引導進一步改善方案，以符合國際標準並回應CBP疑慮
2025/12/04
執行改善行動計畫（CAP）
依循第三方獨立稽核機構建議，積極執行改善行動計畫（CAP），以促進更完善的移工權益保障制度
2025/12/19
完成第二階段CAP改善計畫並正式提交WRO撤銷申訴書狀予CBP持續推進案件審查
2026/03/09
持續遞交有關資料加速審查
CBP表示正優先處理本案，巨大集團持續依CBP要求提交相關資料
Reimbursement 2025:
零招聘費政策自2025年新聘移工擴大到在職外籍移工 545 位，返還所有仲介、服務、相關規費合計約NTD 1億
第三方顧問費/律師費/稅務費用合計約NTD 0.5億
GIANT GROUP
GIANT
Uv
momentum
CADEX
GIANT
GROUP
Current Market Update
- Europe
- 新車款於春季表現亮眼
- US
- WRO禁運令影響了新品的供貨
- 消費者對於消費性產品支出偏向保守
- CN
- 銷貨收入成長減緩受到當地經濟下滑及價格競爭影響
-
長期而言，自行車運動仍具成長潛力
-
Overall
- 展望2026年，地緣政治風險與持續的戰爭，影響了原油價格以及消費者信心，使全球環境仍充滿高度的不確定性，然而，我們將持續強化產品的多元化以及競爭力。
GIANT GROUP
GIRITT U/Momentum CADEX
CYCLING FOR A BETTER FUTURE
脑向浮好未來
GIANT GROUP
Awards and Recognition
Dec 2025: 入選臺灣永續指數成分股
FTSE4Good TIP Taiwan ESG Index
TIP
TAIWAN INDEX PLUS A wholly owned subsidiary of
Taiwan
富時羅素確認貴企業已獲獨立評鑑系統FTSE4GOOD評定資格通過入選為臺灣永續指數之成分股企業。臺灣永續指數為臺灣指數公司與國際指數公司富時羅素共同合編，為國內第一檔完整結合E(環境)、S(社會)、G(公司治理)與財務指標篩選的投資型ESG指數，可突顯入選成分股企業於實踐ESG永續發展工作的績效表現。臺灣永續指數已正式獲勞退基金採用作為委外代操標的，金額達420億元臺幣；同時並已正式授權國內基金與ETF領航者元大投信規劃發行指數金融商品，未來可提供投資大眾及機構法人參與永續責任投資的管道。
2024 & 2025 獲得全球環境資訊揭露組織CDP公布的供應商議會評估 (Supplier Engagement Assessment, SEA) 最高A級肯定
2024
Feb 2026: 連續第二年入選標普全球 (S&P Global) 《2026年永續年鑑》 (The Sustainability Yearbook 2026)
©S&P Global
S&P Global
Giant Manufacturing Co., Ltd.
Leisure Equipment & Products and Consumer Electronics
Sustainability Yearbook Member
Corporate Sustainability Assessment (CSA) 2025
65/100
Score date February 11, 2026
For terms of use, visit www.spglobal.com/yearbook
GIANT GROUP
GIANT
Uv
momentum
CADEX
GIANT
GROUP
Announcement of 2024 ESG Report
- 主要營運據點之溫室氣體排放量減少 28.48%，提前六年超越 2030 年減碳 25% 的目標。
- 推出環保輪胎、低碳坐墊與使用再生鋁合金的自行車，全年累計減碳達 2,806 公噸二氧化碳當量。
- 女性在 STEM 領域中佔比達 36.97%，高於全球平均
- 董事會成員女性董事佔比提升至 36%
- 入選 2024 年道瓊永續新興市場指數（DJSI Emerging Market Index），成為全球首家獲此殊榮的自行車企業。
GIANT GROUP
GIANT UK momentum c
巨大集團 ESG 策略
OUR MISSION
騎向淨好未來
STRATEGY PILLARS
創新低碳生活
我們優先在生產製造中減少碳排放量，同時挹注研發創新技術，以實際作為重塑與供應夥伴的合作方式，減少對下個世代的環境影響。
轉型價值循環
我們正在從供應商到終端消費者的價值鏈中積極尋找更永續的材料及技術，以實踐正向的變革。
促進多元共融
我們正視包容與多元的社會，積極透過自行車的特性推動社群間的包容性，促進職場正向互動與合作，讓多元想法能彼此豐饒激盪。
COMBAT
CLIMATE
CHANGE
REDUCE
RESOURCE
INEFFICIENCIES
The research on our shared planet on Mars, yet we believed to feature their shared image of production and consumption are no longer an option.
This might be reduce resource inefficiencies from many recent impact that compared new play lines.
BREAK
DOWN SOCIAL
BARRIERS
The role of biomedical, financial, social, labor has been a key if research is needed to address changes and allow greater focus on our communities.
This might be reduce resource inefficiencies from many recent impact that compared new play lines.
GIANT GROUP
GIANT UK momentum CADEX
GIANT GROUP
Welcome to Giant Cycling World.
GIANT GROUP
APPENDIX
GIANT GROUP | GIANT UV momentum CADEX
GIANT GROUP
2019-2025 Financial Highlights
| (NT$M) | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Sales Revenue | 63,450 | 70,010 | 81,840 | 92,043 | 76,954 | 71,279 | 60,254 |
| Gross Margin (%) | 21.5 | 23.1 | 24.1 | 22.6 | 22.1 | 19.0 | 19.8 |
| Operating Income | 4,734 | 6,858 | 8,709 | 7,914 | 4,709 | 1,858 | 1,081 |
| Net Income After Tax | 3,375 | 4,949 | 5,930 | 5,843 | 3,401 | 1,264 | 723 |
| EPS (NT$) | 9.00 | 13.19 | 15.81 | 15.51 | 8.68 | 3.22 | 1.84 |
| Cash Div. (NT$) | 4.6 | 8 | 10 | 7.8 | 5 | 2.2 | 1.8 |
GIANT GROUP
GIANT UK momentum CADEX
GIANT
NTD Million, unless stated otherwise
GROUP
Disclaimer
-
This presentation may contain information and statements of a forward-looking nature concerning the future performance. These are based on assumptions and uncertainties as well as on management's best possible evaluation of future events.
-
Any forward looking statements are subject to risks, uncertainties and assumptions and speak only as of the date they are made. Our results could differ materially from those anticipated in any forward-looking statements.
GIANT GROUP | GIANT UK - momentum CADEX
GIANT GROUP