ACM Research, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 04:00 pm EDT
Share
ACM Research (Shanghai), Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 353.72 million compared to CNY 275.22 million a year ago. Revenue was CNY 353.72 million compared to CNY 275.22 million a year ago. Net income was CNY 4.31 million compared to CNY 37.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.1 a year ago. Diluted earnings per share from continuing operations was CNY 0.01 compared to CNY 0.1 a year ago.
ACM Research Shanghai Inc is a China-based company mainly engaged in semiconductor business. The Company's main businesses are the research and development, production and sales of special equipment for semiconductors. The Company's products include semiconductor cleaning equipment, semiconductor electroplating equipment, and advanced packaging wet equipment. The Company's products are used in semiconductor wafer manufacturing, advanced packaging, silicon wafer manufacturing and recycling, and scientific research.