Associated Industries China, Inc.

TWSE:9912 Stock Report

Market Cap: NT$699.3m

Associated Industries China Management

Management criteria checks 3/4

Associated Industries China's CEO is Hsin-Yuan Chao, appointed in Aug 2021, has a tenure of 5.08 years. directly owns 2.15% of the company’s shares, worth NT$15.02M. The average tenure of the management team and the board of directors is 4.5 years and 10.8 years respectively.

Key information

Hsin-Yuan Chao

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure5.1yrs
CEO ownership2.1%
Management average tenure4.5yrs
Board average tenure10.8yrs

Recent management updates

Recent updates

Analysis Article • Aug 13

Is Associated Industries China (TWSE:9912) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Apr 06

We Think Associated Industries China (TPE:9912) Has A Fair Chunk Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Dec 18

Would Associated Industries China (TPE:9912) Be Better Off With Less Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

CEO Compensation Analysis

How has Hsin-Yuan Chao's remuneration changed compared to Associated Industries China's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-NT$36m

Mar 31 2026n/an/a

-NT$43m

Dec 31 2025n/an/a

-NT$60m

Sep 30 2025n/an/a

-NT$78m

Jun 30 2025n/an/a

-NT$74m

Mar 31 2025n/an/a

-NT$61m

Dec 31 2024NT$3mNT$3m

-NT$52m

Sep 30 2024n/an/a

-NT$42m

Jun 30 2024n/an/a

-NT$35m

Mar 31 2024n/an/a

-NT$35m

Dec 31 2023n/an/a

-NT$21m

Sep 30 2023n/an/a

-NT$23m

Jun 30 2023n/an/a

-NT$18m

Mar 31 2023n/an/a

-NT$13m

Dec 31 2022NT$4mNT$3m

-NT$14m

Compensation vs Market: Insufficient data to establish whether Hsin-Yuan's total compensation is reasonable compared to companies of similar size in the TW market.

Compensation vs Earnings: Hsin-Yuan's compensation has been consistent with company performance over the past year.

CEO

Hsin-Yuan Chao

5.1yrs
Tenure
NT$3,266,000
Compensation

Ms. Chao Hsin-Yuan serves as President, Chief Executive Officer & Representative Director at Associated Industries China, Inc. since August 2021 and serves as its General Manager. Ms. Hsin-Yuan had been th...

Leadership Team

NamePositionTenureCompensationOwnership
Hua-Chung Pi
COO of New Investment Business Unit & Chairman22.6yrsNT$3.78mno data
Hsin-Yuan Chao
President5.1yrsNT$3.27m2.15%
NT$ 15.0m
Wan-Wei Lu
Vice GMno dataNT$1.92m0.58%
NT$ 4.1m
Shih Ju-Ling
Assistant Vice President4.5yrsNT$1.52mno data
Han-Lin Lin
Assistant Vice Presidentno dataNT$1.71m0.46%
NT$ 3.2m
Chia-Hsin Chen
Assistant Vice President4.5yrsno datano data
Pao-Jung Chu
Assistant Vice Presidentno datano datano data
4.5yrs
Average Tenure

Experienced Management: 9912's management team is considered experienced (4.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hua-Chung Pi
COO of New Investment Business Unit & Chairman22.6yrsNT$3.78mno data
Hsin-Yuan Chao
President13.3yrsNT$3.27m2.15%
NT$ 15.0m
Kuo-Hua Chen
Independent Director5.2yrsNT$448.00kno data
Yu Yun
Representative Director28.3yrsNT$152.00k2.72%
NT$ 19.1m
Hung-Chun Yu
Director8.3yrsNT$40.00k0.74%
NT$ 5.2m
Jun-Yih Chang
Independent Directorless than a yearno datano data
10.8yrs
Average Tenure

Experienced Board: 9912's board of directors are seasoned and experienced ( 10.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 21:43
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Associated Industries China, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.