Daiyu's dual engines are steadily moving towards profitability, and its unmanned vehicle business strives to ship 1,000 units next year

Lin Youying (left), chairman of Daiyu (1598), said that thanks to the simultaneous increase in temperature of the dual engines of commercial and home fitness equipment, this year it has made steady progress towards the full-year profit target. The new business unmanned vehicle will deliver sample orders as soon as the end of the year, and will challenge the shipment of 1,000 units next year. (Provided by Daiyu)

[Reporter Yang Yamin/Report from Taipei] Lin Youying, chairman of fitness equipment factory Daiyu (1598), said that thanks to the simultaneous increase in temperature of the dual engines of commercial and home fitness equipment, it is making steady progress towards the full-year profit target this year. The new business unmanned vehicle will deliver sample orders as soon as the end of the year, and will challenge the shipment of 1,000 units next year.

Lin Youying said that Daiyu has promoted the "ReFit" operation optimization plan in recent years and has made comprehensive adjustments from organization, human resources to production bases. Last year, the number of employees in the entire group has been reduced from about 1,300 to 900. Overseas subsidiaries have also been consolidated and production bases have been reconfigured. The idle Dajia No. 2 Factory has been sold, and the benefits of organizational adjustments have gradually emerged.

The commercial fitness equipment business has shown strong growth this year. It has recently successfully entered a number of North American iconic large chain and regional gyms, including Anytime Fitness, the world's largest gym chain, and several large chain gyms such as Orangetheory Fitness and Snap Fitness. It has also gradually entered European and Asian gym customers.

At the same time, it has begun to contact the hotel channel, and has obtained qualified supplier qualifications for several hotel chains such as InterContinental Hotels Group (IHG), and will begin small-scale shipments. On the product side, it continues to deepen research and development and launch a new commercial heavy-training product line, i-Strength intelligent strength training system, which effectively fills the previous heavy-training product gap and has gradually been converted into substantial orders.

The home fitness equipment business will benefit from the better-than-expected performance of new product orders, and revenue momentum will steadily pick up in the second half of the year. It is expected that full-year home revenue will be flat or even expected to grow slightly. Although the household gross profit margin in the second quarter was affected by promotional discounts for the conversion of new and old products, it is expected to gradually return to normal levels in the second half of the year.

In terms of rehabilitation medicine, the new 8.0 series of medical products successfully obtained EU MDR certification at the beginning of this year and began to contribute revenue in the second quarter. The overall sales situation was better than internal expectations. As of July, related revenue was close to the full-year target, and the market will continue to expand. In terms of electric-assisted vehicles (E-Bike), we continue to advance simultaneously in terms of branding and OEM.

Daiyu announced in late July that it has entered the unmanned vehicle market. It has established a subsidiary "Santi Innovation" in the United States and completed preliminary preparations for dual production bases in Taiwan and the United States to provide sufficient production capacity and services. It is currently undergoing factory certification and aims to enter the sample order shipment stage from the end of this year to early next year, hoping to create new long-term growth momentum.

In order to accelerate the development of unmanned vehicle business, Santi Innovation, a subsidiary of Daiyu, announced a hierarchical cooperation with Angel Aerial Systems, an advanced U.S. drone manufacturer, to introduce Angel's Trio Scout 2 long-range aerial drone to Taiwan and the Asia-Pacific market.