The bicycle maker reported a 2% decline in profits to TWD 1,803 million ($60.9 mm) from TWD 1,849 million in the second quarter, on 6% higher revenues of TWD 22,745 million ($768.4 mm) up from TWD 21,373 million. An increase in OE sales and the recovery of the Chinese market contributed to the group’s top line increase, more than offsetting headwinds from Ukraine and rising inflation. Gross margin was down 140 basis points to 24.6%, impacted by factories ... Log in to view full article.