The Taiwanese bike maker’s net income attributable to shareholders declined 1% in 2022 to TWD 5,844 million ($194.8 mm) from TWD 5,930 million on 12% higher revenues of TWD 92,044 million ($3,068.1 mm) up from TWD 81,840 million. After a blowout third quarter, business was reined in considerably in Q4, with net income down 81% to TWD 213 million from TWD 1,098 million. Revenue growth slowed sequentially, gaining 6% in the final quarter to TWD 21,170 million from TWD 19,904 million, following Q3 30% top line improvement. Rising raw materials and ... Log in to view full article.