Merida (9914) last year's after-tax net profit was 3.454 billion yuan, an annual decrease of 27.8%, and its EPS was 11.34 yuan.

(Photo by reporter Yang Yamin)

[Reporter Yang Yamin/Taipei Report] Last year, Merida (9914)’s consolidated revenue was 36.922 billion yuan, an annual increase of 25.83%. The net profit after tax was 3.454 billion yuan, an annual decrease of 27.8%, and the EPS was 11.34 yuan.

Merida's board of directors also decided to distribute last year's cash dividend of 7 yuan per share.

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Faced with the high inventory pressure faced by the bicycle industry this year, Merida said that unlike the electronics industry, the demand for the bicycle industry has risen and dropped sharply. The inventory of bicycles is high now, but it is not that there is no depletion. Consumers will wait for discounts. Now it is a buyer's market.

However, there is no discount for high-end bicycles, and the demand is still supported. The demand for electric bicycles has increased in the past two years. Due to the high base period, there will still be recession pressure this year, but the price is stable, which belongs to the seller’s market.

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