Bicycle Maker Merida's 2013 Operations Set 6 Records
2014/01/16 | By Quincy Liang
Due to delayed shipments, Merdia's revenue climbed by 10.6% YoY to NT$2.15 billion (US$71.77 million) last December, with annual revenue of NT$25.34 billion (US$844.7 million) in 2013, a 4.73% increase.
In 2013, Merida shipped 234.8 million bicycles, up 3.19% and a record high in company history, including some 1.08 million units made by its Taiwanese factory, which reported record annual revenue of NT$15.97 billion (US$532.4 million).
Merida sold 1.08 million bicycles in China last year, a 25.3% increase and a new record high, generating sales revenue of about 1.8 billion renminbi (RMB, or Chinese yuan) in China last year, up 26%. Driven by increasing sales in China, revenue from its Chinese operations rose to account for about 34% of Merida's total revenue in 2013, from 28% in 2012.
Institutional investors said that in the first three quarters of 2013, Merida's accumulated earnings per share (EPS) was NT$7.92 (US$0.26), and the firm's 2013 EPS is expected to hit also a record high.
Giant Manufacturing Co., Ltd., another major bicycle maker in Taiwan and globally, had consolidated revenue of NT$3.73 billion (US$124.23 million) in December 2013, down 4.12% year on year (YoY), with 2013 consolidated revenue of NT$54.32 billion (US$1.81 billion). The company estimated its global bicycle sales volume at about 6.4 million units for 2013.
KMC Chain Industrial Co. of Taiwan, a major bicycle-chain supplier, had record annual revenue in 2013 of NT$2.07 billion (US$69.1 million), up 54% from the previous year and a company record high, thanks to acquisition of three overseas distributors. The chain maker's sales revenue in the fourth quarter 2013 was NT$600 million (US$20 million), up 17.4% quarter on quarter.