ACM Research, Inc.

ACMR

ACM Research, Inc.

ACMR

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2026-06-05Shares Purchased (TTM):0Shares Sold (TTM):517,604

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:41,379,887Shares Outstanding:65,804,254Institutional Ownership Pct.:62.88%

Earnings Market Reaction:

Filing Date:2026-05-08Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Special Industry Machinery, NEC

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ACM Research, Inc. (ACMR) — SEC Financial Statements & Analysis

ACM Research, Inc. (ACMR) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Related Party	54	49	7	9	35	42	4	2	51	40	2	34
Nonrelated Party	54	49	7	9	35	42	4	2	51	40	2	34
Common Class A	61	0	1	0	59	0	0	0	57	0	1	0
Common Class B	5	0	0	0	5	0	0	0	5	0	0	0
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	872	757	1,059	442	457	407	333	324	211	182	207	257
Restricted Cash Current	22	9	8	11	11	4	2	1	1	1	1	1
Deposits Assets Current	358	367	31	31	17	17	20	27	48	81	76	6
Marketable Securities Current	-	-	-	-	-	-	-	-	-	-	-	6
Short Term Investments	35	36	40	21	18	19	20	20	19	21	22	-
Accounts Receivable Net Current	527	504	477	434	388	387	371	293	296	283	248	201
Inventory Net	738	703	676	648	610	598	629	603	-	545	507	471
Prepaid Expense And Other Assets Current	13	11	15	14	11	8	-	-	-	-	-	-
Prepaid Expense Current	-	-	-	-	-	8	11	19	20	20	18	19
Assets Current	2,619	2,437	2,358	1,646	1,548	1,483	1,445	1,343	1,229	1,176	1,116	997
Property Plant And Equipment Net	324	315	297	291	277	269	250	229	219	202	191	159
Operating Lease Right Of Use Asset	17	18	18	17	18	14	6	6	6	15	7	8
Finite Lived Intangible Assets Net	3	3	3	3	3	3	3	3	3	3	2	2
Deposits Assets Noncurrent	-	0	0	0	13	13	14	15	28	41	43	112
Deferred Income Tax Assets Net	30	29	27	22	16	15	13	21	21	20	16	11
Long Term Investments	68	66	64	57	55	37	34	32	31	28	22	16
Other Assets Noncurrent	4	4	5	4	3	20	21	11	10	6	4	3
Assets	3,066	2,872	2,771	2,040	1,934	1,856	1,794	1,668	1,557	1,491	1,410	1,317
Liabilities And Stockhold…
Liabilities Current
Short Term Borrowings	94	74	45	53	25	33	34	54	55	31	34	54
Long Term Debt Current	13	35	49	62	68	44	31	20	7	7	7	3
Contract With Customer Liability Current	169	188	204	221	241	244	216	206	183	181	191	195
Deferred Income Current	11	17	16	14	11	9	10	5	4	4	5	5
Accrued Income Taxes Current	25	1	0	0	6	13	7	11	11	6	11	10
Other Accounts Payable And Accrued Liabilities	160	150	135	127	119	122	115	115	107	103	80	60
Operating Lease Liability Current	5	5	4	4	4	2	2	3	3	3	3	3
Liabilities Current	746	746	678	671	629	641	610	586	533	501	482	456
Long Term Debt Noncurrent	221	179	193	163	135	106	106	71	53	54	40	16
Operating Lease Liability Noncurrent	4	5	6	5	6	4	3	4	4	4	4	5
Other Liabilities Noncurrent	12	12	8	9	9	9	6	6	5	6	6	7
Liabilities	982	942	885	848	778	760	725	666	596	565	532	484
Stockholders Equity
Equity
Additional Paid In Capital	1,195	1,116	1,105	705	700	677	670	659	647	630	620	613
Retained Earnings Accumulated Deficit	368	350	346	310	280	260	229	198	174	157	152	124
Statutory Accounting Practices Statutory Capital A…	34	34	31	31	31	31	30	30	30	30	17	17
Accumulated Other Comprehensive Income Loss Net Of…	-15	-36	-49	-59	-62	-63	-41	-55	-55	-49	-60	-62
Stockholders Equity	1,582	1,464	1,433	986	949	905	888	1,001	961	767	878	832
Minority Interest	502	466	453	205	206	191	181	168	165	159	149	141
Liabilities And Stockholders Equity	3,066	2,872	2,771	2,040	1,934	1,856	1,794	1,668	1,557	1,491	1,410	1,317

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	44.63%	74.60%	-	-	-	-	-	-	-	-	-	-
2025	0.32%	12.96%	19.74%	16.28%	55.62%	71.90%	8.05%	31.37%	61.22%	-29.84%	-1.77%	28.44%
2024	-15.49%	-9.78%	-26.68%	2.56%	10.80%	10.97%	-16.55%	-26.21%	-9.71%	1.23%	-12.67%	-7.82%
2023	0.20%	31.59%	28.37%	36.22%	33.81%	1.33%	-4.66%	10.49%	7.32%	0.52%	-18.51%	-22.43%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	3.51	3.27	3.48	2.45	2.46	2.31	2.37	2.29	2.31	2.35	2.32	2.18
Quick Ratio	2.51	2.31	2.46	1.47	1.48	1.37	1.32	1.23	2.27	1.22	1.23	1.11
Working Capital	1.87B	1.69B	1.68B	974.64M	919.00M	842.15M	835.28M	756.99M	696.11M	675.45M	633.94M	540.53M
Leverage & Debt
Debt to Equity	0.62	0.49	0.62	0.86	0.82	0.69	0.82	0.67	0.62	0.61	0.61	0.58
Interest Coverage TTM	16.35	15.73	20.39	25.32	30.76	36.38	36.02	39.11	40.52	35.75	33.60	36.02
Debt Ratio	0.32	0.33	0.32	0.42	0.40	0.41	0.40	0.40	0.38	0.38	0.38	0.37
Efficiency & Turnover
Asset Turnover TTM	0.38	0.38	0.39	0.44	0.46	0.47	0.45	0.46	0.44	0.41	0.39	0.39
Days Sales Outstanding TTM	173.78	180.47	175.71	162.80	155.65	156.39	154.99	130.05	138.53	152.53	160.74	140.66
Receivables Turnover TTM	2.10	2.02	2.08	2.24	2.35	2.33	2.36	2.81	2.63	2.39	2.27	2.59
Per Share Metrics
Diluted EPS TTM	1.30	1.40	1.71	1.66	1.59	1.56	1.25	1.24	1.30	1.19	1.24	1.19
Free Cash Flow Per Share TTM	-1.62	-1.04	-0.15	-0.23	1.48	1.12	-0.93	-1.33	-2.07	-2.28	-2.62	-2.13
Dividend Per Share TTM	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.06	0.06	0.07	0.07	0.00
Margin Metrics
Gross Profit Margin TTM	44.23%	44.39%	46.68%	49.40%	49.23%	50.06%	49.36%	49.53%	49.61%	49.53%	50.60%	49.53%
Operating Profit Margin TTM	12.48%	12.14%	14.81%	17.87%	18.89%	19.31%	17.89%	17.21%	17.65%	17.18%	17.97%	19.00%
Net Profit Margin TTM	9.48%	10.44%	13.30%	13.75%	13.28%	13.25%	11.40%	12.00%	13.50%	13.87%	16.33%	16.71%
Growth Metrics
Net Revenue Growth (1Y)	19.69%	15.24%	20.77%	17.53%	26.21%	40.23%	46.99%	50.42%	51.02%	43.44%	32.10%	49.35%
Net Income Growth (1Y)	-14.61%	-9.21%	40.90%	34.76%	24.18%	33.97%	2.65%	7.99%	28.15%	52.97%	58.91%	119.98%
EPS Growth (1Y)	-17.90%	-12.00%	36.79%	30.99%	20.45%	29.56%	-1.09%	4.03%	24.74%	50.61%	56.64%	117.33%
Valuation Metrics
P/E TTM	28.45	26.91	21.51	14.78	13.86	9.07	15.27	17.23	20.84	15.20	13.47	10.17
P/B	1.64	1.31	1.76	1.68	1.56	0.86	1.43	1.43	1.86	1.27	1.24	0.94
P/S TTM	2.70	2.81	2.86	2.03	1.84	1.20	1.74	2.07	2.81	2.11	2.20	1.70
Market Cap	2.59B	2.53B	2.52B	1.66B	1.48B	939.41M	1.27B	1.43B	1.79B	1.18B	1.09B	783.47M
Enterprise Value	2.02B	2.05B	1.74B	1.48B	1.24B	710.91M	1.10B	1.25B	1.69B	1.08B	962.99M	598.58M
Calculated Values
Free Cash Flow TTM	-106.90M	-66.61M	-9.54M	-14.52M	93.61M	69.99M	-57.89M	-82.99M	-126.88M	-137.20M	-157.85M	-127.51M
Net Debt	-565.99M	-477.91M	-780.30M	-174.79M	-240.40M	-228.50M	-164.72M	-179.97M	-97.45M	-91.10M	-127.28M	-184.89M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-05Sale

Owner: Cheav, Sotheara

Title: See remarks

Shares: 5,399

Price/Share: $83.44

Value: $450,492.56

Shares Owned: 100,002

Relationship: Officer

Ownership: Direct

2026-06-04Sale

Owner: Wang, David H

Title: See Remarks

Shares: 40,002

Price/Share: $86.02

Value: $3,440,972.04

Shares Owned: 802,708

Relationship: Director,Officer,TenPercentOwner

Ownership: Direct

2026-05-19Sale

Owner: Dun, Haiping

Title: -

Shares: 5,000

Price/Share: $65.92

Value: $329,600.00

Shares Owned: -

Relationship: Director

Ownership: Direct

2026-04-17Sale

Owner: Pappis, Charles C

Title: -

Shares: 5,000

Price/Share: $52.00

Value: $260,000.00

Shares Owned: -

Relationship: Director

Ownership: Direct

2026-03-12Sale

Owner: Mckechnie, Mark

Title: See Remarks

Shares: 98,551

Price/Share: $45.74

Value: $4,507,722.74

Shares Owned: 900

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-05	Cheav, Sotheara	Officer	See remarks	Direct	Sale	5,399	83.44	$450,492.56	100,002	4
2026-06-04	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	40,002	86.02	$3,440,972.04	802,708	4
2026-05-19	Dun, Haiping	Director	-	Direct	Sale	5,000	65.92	$329,600.00	0	4
2026-04-17	Pappis, Charles C	Director	-	Direct	Sale	5,000	52.00	$260,000.00	0	4
2026-03-12	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	98,551	45.74	$4,507,722.74	900	4
2026-03-12	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	50,000	45.74	$2,287,000.00	802,708	4
2026-03-11	Liu, Tracy	Director	-	Direct	Sale	15,000	48.03	$720,450.00	110,772	4
2026-03-09	Dun, Haiping	Director	-	Direct	Sale	5,000	43.66	$218,300.00	0	4
2026-03-06	Feng, Lisa	Officer	See remarks	Direct	Sale	15,000	46.32	$694,800.00	50,001	4
2026-03-05	Pappis, Charles C	Director	-	Direct	Sale	5,000	50.09	$250,450.00	0	4
2025-12-08	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	22,500	35.45	$797,625.00	900	4
2025-12-04	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	60,000	33.97	$2,038,200.00	802,708	4
2025-12-03	Chen, Fuping	Officer	See remarks	Direct	Sale	20,000	33.31	$666,200.00	0	4
2025-11-13	Feng, Lisa	Officer	See remarks	Direct	Sale	15,000	33.77	$506,550.00	50,001	4
2025-09-18	Wang, Jian	Officer	See remarks	Direct	Sale	30,000	35.00	$1,050,000.00	253,158	4
2025-09-18	Cheav, Sotheara	Officer	See remarks	Direct	Sale	10,000	35.00	$350,000.00	100,002	4
2025-09-17	Liu, Tracy	Director	-	Direct	Sale	15,000	33.00	$495,000.00	110,772	4
2025-09-04	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	60,000	26.44	$1,586,400.00	672,708	4
2025-08-25	Wang, Jian	Officer	See remarks	Direct	Sale	30,000	32.00	$960,000.00	253,158	4
2025-08-22	Cheav, Sotheara	Officer	See remarks	Direct	Sale	11,152	30.00	$334,560.00	100,002	4
2025-07-15	Liu, Tracy	Director	-	Direct	Sale	15,000	30.00	$450,000.00	110,772	4
2025-07-07	Feng, Lisa	Officer	See remarks	Direct	Sale	15,000	28.00	$420,000.00	50,001	4
2025-06-24	Feng, Lisa	Officer	See remarks	Direct	Sale	15,000	26.00	$390,000.00	50,001	4
2025-05-22	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	60,000	22.63	$1,357,800.00	672,708	4
2025-05-14	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	15,000	25.22	$378,300.00	900	4
2025-03-17	Hu, Chenming	Director	-	Direct	Sale	163,308	30.00	$4,899,240.00	100,002	4
2025-03-14	Dun, Haiping	Director	-	Direct	Sale	9,518	28.78	$273,928.04	755,090	4
2025-03-13	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	37,500	27.47	$1,030,125.00	672,708	4
2025-03-12	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	15,000	27.42	$411,300.00	900	4
2025-03-10	Dun, Haiping	Director	-	Direct	Sale	15,001	26.54	$398,126.54	764,608	4
2025-02-06	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	15,000	22.00	$330,000.00	900	4
2025-02-06	Cheav, Sotheara	Officer	See remarks	Direct	Sale	22,598	23.00	$519,754.00	100,002	4
2024-11-29	Dun, Haiping	Director	-	Direct	Sale	19,058	17.43	$332,180.94	755,090	4
2024-11-29	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	56,250	17.44	$981,000.00	598,006	4
2024-11-26	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	56,250	18.06	$1,015,875.00	654,256	4
2024-11-22	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	56,250	19.08	$1,073,250.00	710,506	4
2024-11-22	Dun, Haiping	Director	-	Direct	Sale	15,000	19.12	$286,800.00	774,148	4
2024-10-08	Shanghai, Pudong Science …	TenPercentOwner,Other	-	Direct	Sale	90,396	21.13	$1,910,067.48	2,338,510	4
2024-10-08	Xing, Xiao	Director	-	Indirect	Sale	90,396	21.13	$1,910,067.48	2,338,510	4
2024-10-04	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	16,516	22.00	$363,352.00	900	4
2024-10-02	Shanghai, Science & Techn…	TenPercentOwner,Other	-	Direct	Sale	26,300	20.01	$526,263.00	3,403,906	4
2024-10-02	Xing, Xiao	Director	-	Indirect	Sale	26,300	20.01	$526,263.00	3,403,906	4
2024-08-29	Dun, Haiping	Director	-	Direct	Sale	19,097	18.08	$345,273.76	755,090	4
2024-08-22	Dun, Haiping	Director	-	Direct	Sale	15,000	19.85	$297,750.00	774,187	4
2024-06-11	Wang, Jian	Officer	See remarks	Direct	Sale	30,000	23.33	$699,900.00	253,158	4
2024-06-07	Wang, Jian	Officer	See remarks	Direct	Sale	30,000	22.07	$662,100.00	253,158	4
2024-06-06	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	20,000	22.92	$458,400.00	900	4
2024-05-29	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	86,090	22.62	$1,947,355.80	504,018	4
2024-05-29	Dun, Haiping	Director	-	Direct	Sale	19,239	22.63	$435,378.57	855,090	4
2024-05-22	Dun, Haiping	Director	-	Direct	Sale	15,000	22.88	$343,200.00	874,329	4
2024-05-22	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	90,000	22.81	$2,052,900.00	590,108	4
2024-03-14	Dun, Haiping	Director	-	Direct	Sale	19,434	27.95	$543,180.30	855,090	4
2024-03-14	Cheav, Sotheara	Officer	See remarks	Direct	Sale	5,000	27.90	$139,500.00	100,002	4
2024-03-14	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	87,089	27.94	$2,433,266.66	504,018	4
2024-03-08	Dun, Haiping	Director	-	Direct	Sale	15,000	30.36	$455,400.00	874,524	4
2024-03-08	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	90,000	30.36	$2,732,400.00	591,107	4
2024-02-28	Feng, Lisa	Officer	See remarks	Direct	Sale	7,500	25.20	$189,000.00	50,001	4
2024-02-28	Liu, Tracy	Director	-	Direct	Sale	12,500	25.20	$315,000.00	110,772	4
2024-01-12	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	10,000	22.00	$220,000.00	900	4
2023-12-26	Feng, Lisa	Officer	See remarks	Direct	Sale	7,500	20.00	$150,000.00	50,001	4
2023-12-26	Liu, Tracy	Director	-	Direct	Sale	10,000	20.00	$200,000.00	110,772	4
2023-11-29	Dun, Haiping	Director	-	Direct	Sale	18,984	17.25	$327,474.00	855,090	4
2023-11-29	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	84,776	17.13	$1,452,212.88	504,018	4
2023-11-22	Dun, Haiping	Director	-	Direct	Sale	15,000	17.66	$264,900.00	874,074	4
2023-11-22	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	90,000	17.68	$1,591,200.00	588,794	4
2023-11-20	Liu, Tracy	Director	-	Direct	Sale	15,000	17.91	$268,650.00	36,924	4
2023-11-13	Cheav, Sotheara	Officer	See remarks	Direct	Sale	26,000	16.79	$436,540.00	110,002	4
2023-10-11	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	11,250	20.00	$225,000.00	900	4
2023-09-13	Wang, David H	Director,Officer,TenPercentOwner	See Remarks	Direct	Sale	85,116	17.68	$1,504,850.88	504,018	4
2023-09-01	Mckechnie, Mark	Officer	See Remarks	Direct	Sale	30,000	18.00	$540,000.00	900	4
2023-08-23	Chen, Fuping	Officer	See remarks	Direct	Sale	105,000	15.00	$1,575,000.00	0	4
2023-08-22	Dun, Haiping	Director	-	Direct	Sale	32,098	13.85	$444,557.30	855,090	4
2023-07-03	Feng, Lisa	Officer	See remarks	Direct	Sale	22,500	15.00	$337,500.00	50,001	4
2023-06-06	Cheav, Sotheara	Officer	See remarks	Direct	Sale	39,000	10.00	$390,000.00	110,002	4
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Institutional Ownership

No data available for chart

2026-03-31

62.88%

Inst. Shares: 41,379,887

Shares Outstanding: 65,804,254

2025-12-31

63.89%

Inst. Shares: 41,009,326

Shares Outstanding: 64,184,776

2025-09-30

59.18%

Inst. Shares: 38,098,736

Shares Outstanding: 64,381,296

2025-06-30

55.72%

Inst. Shares: 35,644,567

Shares Outstanding: 63,968,763

2025-03-31

54.33%

Inst. Shares: 34,373,353

Shares Outstanding: 63,267,834

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	41,379,887	65,804,254	62.88%
2025-12-31	41,009,326	64,184,776	63.89%
2025-09-30	38,098,736	64,381,296	59.18%
2025-06-30	35,644,567	63,968,763	55.72%
2025-03-31	34,373,353	63,267,834	54.33%
2024-12-31	34,187,378	62,212,569	54.95%
2024-09-30	31,200,356	62,500,903	49.92%
2024-06-30	33,032,262	62,178,369	53.13%
2024-03-31	31,537,198	61,367,184	51.39%
2023-12-31	31,744,915	60,164,670	52.76%
2023-09-30	29,711,187	60,219,218	49.34%
2023-06-30	27,878,480	59,898,149	46.54%
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ACM Research, Inc. (ACMR) — SEC Financial Statements & Analysis

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