Associated Industries China, Inc. AI Stock Analysis
Associated Industries China, Inc. (9912) AI Stock Analysis
Associated Industries China, Inc.
(TWSE:9912)
The overall score is very low, driven primarily by a deeply weak financial foundation. The company is consistently unprofitable and cash flow negative, which poses a significant risk to its viability. The negative P/E ratio further confirms a lack of earnings power. A neutral technical trend provides a slight stabilizing factor but is not strong enough to offset the fundamental risks. The primary concern is the chronic cash burn and deteriorating balance sheet.
Associated Industries China, Inc. (9912) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 710.41M
- Dividend Yield
- ―
- Average Volume (3M)
- 83.57K
- Price to Earnings (P/E)
- -20.0
- Beta (1Y)
- 0.10
- Revenue Growth
- 2.36%
- EPS Growth
- 54.38%
- Country
- TW
- Employees
- 40
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Associated Industries China, Inc. Business Overview & Revenue Model
Company Description
Associated Industries China, Inc. (AIC) specializes in the creation, advancement, and global distribution of LCD display units and their complementary components. The company's diverse product portfolio features a range of monitors tailored for speci...
Associated Industries China, Inc. Financial Statement Overview
Summary
Financial health is critically weak. The company has been unprofitable for four consecutive years with a negative EBIT margin of -12.0% and a net loss of TWD 59.7M. Cash flow is a major red flag, with negative operating cash flow in four of the last six years, indicating the core business is burning cash. While gross margins improved to 41.5% and revenue grew 4.5%, this is insufficient to offset the deep-seated issues in profitability and cash generation. Rising debt-to-equity (0.87) and eroding equity further compound the risks.
Income Statement
28NegativeBalance Sheet
42NeutralCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 500.08M | 506.37M | 504.53M | 510.59M | 594.42M | 632.26M |
| Gross Profit | 210.24M | 210.36M | 197.82M | 198.48M | 188.98M | 215.59M |
| EBITDA | -14.99M | -38.45M | -37.94M | -28.19M | -2.37M | 46.46M |
| Net Income | -35.95M | -59.68M | -51.65M | -29.82M | -30.93M | 18.24M |
Balance Sheet | ||||||
| Total Assets | 808.86M | 817.20M | 835.06M | 720.52M | 770.95M | 764.08M |
| Cash, Cash Equivalents and Short-Term Investments | 98.34M | 93.24M | 76.58M | 112.67M | 101.58M | 91.37M |
| Total Debt | 360.67M | 336.45M | 283.47M | 198.35M | 274.85M | 217.45M |
| Total Liabilities | 445.47M | 420.78M | 383.67M | 314.12M | 339.77M | 343.50M |
| Stockholders Equity | 352.70M | 387.64M | 440.92M | 401.72M | 419.44M | 420.58M |
Cash Flow | ||||||
| Free Cash Flow | -17.30M | -38.83M | -121.73M | 63.30M | -42.63M | -48.02M |
| Operating Cash Flow | -15.29M | -36.02M | -111.66M | 68.21M | -33.67M | -47.31M |
| Investing Cash Flow | -4.77M | -5.60M | -10.63M | -5.40M | -8.08M | -2.50M |
| Financing Cash Flow | -2.26M | 41.83M | 83.35M | -59.40M | 42.85M | 48.13M |
Associated Industries China, Inc. Peers Comparison
Overall Rating
TW:470248Neutral
TW:207346Neutral- TW:991241Neutral
TW:134040Underperform
TW:206432Underperform
TW:301829Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4702 | 48Neutral | TWD 674.15M | 3.54 | ― | 5.34% | -30.82% | 387.63% |
| TW:2073 | 46Neutral | TWD 710.88M | -36.76 | ― | 1.16% | 9.64% | -632.75% |
| TW:9912 | 41Neutral | TWD 645.20M | -19.95 | ― | ― | 2.36% | 54.38% |
| TW:1340 | 40Underperform | TWD 738.62M | -2.10 | ― | ― | -74.30% | 41.12% |
| TW:2064 | 32Underperform | TWD 776.59M | 562.50 | ― | ― | 11.10% | ― |
| TW:3018 | 29Underperform | TWD 689.71M | -2.58 | ― | ― | -56.49% | -244.54% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:9912 | Associated Industries China, Inc. | 13.20 | 1.20 | 10.00% | |
| TW:1340 | Victory New Materials Ltd. Co. | 4.76 | -2.27 | -32.29% | |
| TW:2064 | Camellia Metal Co., Ltd. | 11.25 | -0.95 | -7.79% | |
| TW:2073 | Syong Shun Metal CO., Ltd. | 25.85 | -1.36 | -4.98% | |
| TW:3018 | Lung Ming Green Energy Technology Engineering Co Ltd. | 9.15 | -3.05 | -25.00% | |
| TW:4702 | Allied Industrial Corp., Ltd. | 9.37 | -0.43 | -4.36% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026