Reported 11 months ago
At the Merida shareholders' meeting on June 26, 2024, a comprehensive election for the next board of directors took place, with Tseng Horng-chu re-elected as the chairman. Merida, a major bicycle manufacturer, reported an EPS of 5.66 yuan last year and announced a dividend of 6 yuan per share during the meeting. The company stated that they have seen a turnaround in the first half of the year, with revenue growth turning positive in April and May. With orders visibility exceeding three months, they anticipate a gradual increase in performance in the second half of the year. Merida Vice General Manager, Cheng Wen-hsiang, mentioned positive trends in the European and American bicycle markets, expanding sales in the mid-to-high-end domestic market in China, and the potential growth of electric bicycles (E-bikes).
Source: YAHOO