Associated Industries China (TPE:9912) Research & Development: NT$43.2 Mil (TTM As of Dec. 2025)


TPE:9912 Associated Industries China Inc TPE:9912
61 GF Score
Price NT$12.70
GF Value NT$11.36
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Associated Industries China Research & Development?

Associated Industries China TPE:9912 61 Research & Development is NT$43.2 Mil as of Dec. 2025. GuruFocus rates TPE:9912 with a GF Score™ of 61/100 and a GF Value™ of NT$11.36 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Associated Industries China's Research & Development for the three months ended in Dec. 2025 was NT$10.0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$43.2 Mil.

Associated Industries China  (TPE:9912) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Associated Industries China Research & Development Related Terms

Associated Industries China Research & Development Historical Data

* Premium members only.

The historical data trend for Associated Industries China's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Associated Industries China Research & Development Chart

Associated Industries China Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.70 26.21 36.90 41.69 43.23

Associated Industries China Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.12 13.09 11.27 8.89 9.98
TPE:9912
61GF Score
Associated Industries China Inc TPE:9912
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Associated Industries China Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$43.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of NT$43.2 Mil mean?
Associated Industries China (TPE:9912) has a Research & Development of NT$43.2 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Associated Industries China and its competitors.
Is Associated Industries China's Research & Development too high?
Associated Industries China's current Research & Development is NT$43.2 Mil. Overall, Associated Industries China has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Associated Industries China's Research & Development compare to APH and GLW?
Associated Industries China's Research & Development of NT$43.2 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Hardware company?
A good Research & Development depends on the Hardware industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Associated Industries China and its competitors. Associated Industries China's current Research & Development is NT$43.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Industries China stock overvalued right now?
Based on GuruFocus' analysis, Associated Industries China (TPE:9912) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$11.36, compared to a current price of NT$12.70 — trading 11.8% above its estimated fair value. The current Research & Development is NT$43.2 Mil. Associated Industries China's overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Associated Industries China (TPE:9912), the current Research & Development is NT$43.2 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Associated Industries China (TPE:9912) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Industries China stock appears to be overvalued. The current stock price of NT$12.70 is trading 11.8% above its estimated GF Value™ of NT$11.36. GuruFocus considers Associated Industries China to be Modestly Overvalued.

Key valuation signals for TPE:9912:

  • Research & Development: NT$43.2 Mil
  • GF Value™: NT$11.36 vs. price of NT$12.70 (11.8% above fair value)
  • GF Score™: 61/100 with 7 warning signs

No single metric tells the full story. See the TPE:9912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Associated Industries China Business Description

Address No. 3-1, Park Street, 5th Floor-1, Nangang District, Taipei, TWN, 11503
Associated Industries China Inc is engaged in the research, development, and sale of LCD monitors, Medical equipment and Healthcare products, Other accessories, and the Real estate rental business. The company earns maximum revenue from LCD monitors, and geographically, the company earns maximum revenue from the Netherlands, followed by the United States, Taiwan, and others.
61GF Score

Get the complete analysis for TPE:9912

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$12.70
Price
NT$11.36
GF Value