Associated Industries China Inc
Associated Industries China, Inc. engages in the research and development, and sale of LCD monitors and related components in Taiwan and internationally. The company provides security monitors, such as advanced grade monitors, 4K video surveillance, SDI video surveillance, essential BNC monitors, and HDMI multi-input monitors; dental monitors, clinical review, and healthcare touch screens; indust… Read more
Associated Industries China Inc (9912) - Net Assets
Latest net assets as of September 2025: NT$388.63 Million TWD
Based on the latest financial reports, Associated Industries China Inc (9912) has net assets worth NT$388.63 Million TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$810.63 Million) and total liabilities (NT$422.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$388.63 Million |
| % of Total Assets | 47.94% |
| Annual Growth Rate | -4.32% |
| 5-Year Change | 7.58% |
| 10-Year Change | -20.65% |
| Growth Volatility | 25.93 |
Associated Industries China Inc - Net Assets Trend (2002–2024)
This chart illustrates how Associated Industries China Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Associated Industries China Inc (2002–2024)
The table below shows the annual net assets of Associated Industries China Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$451.40 Million | +11.07% |
| 2023-12-31 | NT$406.41 Million | -5.75% |
| 2022-12-31 | NT$431.18 Million | +2.52% |
| 2021-12-31 | NT$420.58 Million | +0.24% |
| 2020-12-31 | NT$419.57 Million | -5.99% |
| 2019-12-31 | NT$446.32 Million | -23.74% |
| 2018-12-31 | NT$585.26 Million | +3.28% |
| 2017-12-31 | NT$566.68 Million | +2.72% |
| 2016-12-31 | NT$551.69 Million | -3.02% |
| 2015-12-31 | NT$568.87 Million | -17.15% |
| 2014-12-31 | NT$686.62 Million | -6.60% |
| 2013-12-31 | NT$735.11 Million | -20.19% |
| 2012-12-31 | NT$921.06 Million | +101.33% |
| 2011-12-31 | NT$457.48 Million | +7.81% |
| 2010-12-31 | NT$424.36 Million | -0.83% |
| 2009-12-31 | NT$427.91 Million | -11.85% |
| 2008-12-31 | NT$485.42 Million | -1.62% |
| 2007-12-31 | NT$493.41 Million | +10.13% |
| 2006-12-31 | NT$448.01 Million | -3.90% |
| 2005-12-31 | NT$466.20 Million | -3.72% |
| 2004-12-31 | NT$484.20 Million | -45.26% |
| 2003-12-31 | NT$884.50 Million | -25.83% |
| 2002-12-31 | NT$1.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Associated Industries China Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 16630200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$546.57 Million | 123.96% |
| Other Components | NT$60.66 Million | 13.76% |
| Total Equity | NT$440.92 Million | 100.00% |
Associated Industries China Inc Competitors by Market Cap
The table below lists competitors of Associated Industries China Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongil Metal Co. Ltd
KQ:109860
|
$13.26 Million |
|
BCM Resources Corporation
PINK:BCMRF
|
$13.26 Million |
|
HEBEI CONSTR.GRP CORP YC1
F:H9D
|
$13.26 Million |
|
Pennfed Financial Services Inc
OTCQB:PFSB
|
$13.26 Million |
|
4170
TWO:4170
|
$13.25 Million |
|
GENOMTEC S.A. ZY -10
F:4VI
|
$13.24 Million |
|
Koil Energy Solutions Inc.
OTCQB:KLNG
|
$13.24 Million |
|
Netgem SA
PA:ALNTG
|
$13.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Associated Industries China Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 401,717,999 to 440,919,000, a change of 39,201,001 (9.8%).
- Net loss of 51,645,000 reduced equity.
- New share issuances of 24,836,000 increased equity.
- Other comprehensive income increased equity by 111,773,000.
- Other factors decreased equity by 45,762,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-51.65 Million | -11.71% |
| Share Issuances | NT$24.84 Million | +5.63% |
| Other Comprehensive Income | NT$111.77 Million | +25.35% |
| Other Changes | NT$-45.76 Million | -10.38% |
| Total Change | NT$- | 9.76% |
Book Value vs Market Value Analysis
This analysis compares Associated Industries China Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$8.42 | NT$12.20 | x |
| 2010-12-31 | NT$8.35 | NT$12.20 | x |
| 2011-12-31 | NT$9.00 | NT$12.20 | x |
| 2012-12-31 | NT$17.36 | NT$12.20 | x |
| 2013-12-31 | NT$14.22 | NT$12.20 | x |
| 2014-12-31 | NT$13.08 | NT$12.20 | x |
| 2015-12-31 | NT$10.84 | NT$12.20 | x |
| 2016-12-31 | NT$10.51 | NT$12.20 | x |
| 2017-12-31 | NT$10.75 | NT$12.20 | x |
| 2018-12-31 | NT$11.15 | NT$12.20 | x |
| 2019-12-31 | NT$8.71 | NT$12.20 | x |
| 2020-12-31 | NT$8.44 | NT$12.20 | x |
| 2021-12-31 | NT$8.28 | NT$12.20 | x |
| 2022-12-31 | NT$8.31 | NT$12.20 | x |
| 2023-12-31 | NT$7.93 | NT$12.20 | x |
| 2024-12-31 | NT$8.36 | NT$12.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Associated Industries China Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.24%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.89x
- Recent ROE (-11.71%) is below the historical average (-0.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.50% | 0.06% | 2.68x | 2.99x | NT$-42.56 Million |
| 2007 | 11.68% | 2.14% | 2.01x | 2.72x | NT$8.27 Million |
| 2009 | -13.23% | -6.67% | 0.91x | 2.19x | NT$-99.40 Million |
| 2010 | -7.79% | -5.02% | 0.82x | 1.89x | NT$-75.51 Million |
| 2011 | 1.47% | 0.94% | 0.70x | 2.23x | NT$-39.00 Million |
| 2012 | 70.86% | 101.84% | 0.58x | 1.21x | NT$560.60 Million |
| 2013 | -2.46% | -2.89% | 0.68x | 1.24x | NT$-91.60 Million |
| 2014 | 0.09% | 0.09% | 0.80x | 1.25x | NT$-68.05 Million |
| 2015 | -9.92% | -8.29% | 0.79x | 1.52x | NT$-113.33 Million |
| 2016 | -1.50% | -1.09% | 1.00x | 1.38x | NT$-63.42 Million |
| 2017 | 1.52% | 1.15% | 0.94x | 1.40x | NT$-48.07 Million |
| 2018 | 2.07% | 1.62% | 0.91x | 1.40x | NT$-46.43 Million |
| 2019 | -25.28% | -18.88% | 0.77x | 1.73x | NT$-157.44 Million |
| 2020 | -9.11% | -7.09% | 0.78x | 1.65x | NT$-80.19 Million |
| 2021 | 4.34% | 2.89% | 0.83x | 1.82x | NT$-23.82 Million |
| 2022 | -7.37% | -5.20% | 0.77x | 1.84x | NT$-72.88 Million |
| 2023 | -7.42% | -5.84% | 0.71x | 1.79x | NT$-69.99 Million |
| 2024 | -11.71% | -10.24% | 0.60x | 1.89x | NT$-95.74 Million |
Industry Comparison
This section compares Associated Industries China Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Associated Industries China Inc (9912) | NT$388.63 Million | 0.50% | 1.09x | $13.25 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |