"OES": Strong demand from bicycle manufacturers, Shuztung stably delivers orders.
10 Jun, 2021Equipment manufacturer Shuztung reported a revenue of NT$175 million in May, and a year-on-year growth of 12.87％. Cumulative revenue from January to May was NT$9.59 billion, representing a 12.87% YoY growth. The main driving force of its business comes from the bicycle equipment industry. Looking ahead to 2021, the strong demand for bicycles is expected to continue into 2022 due to low channel inventory, which is expected to continue to drive the demand for bicycle equipment.
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