Acm Research(Shanghai) Inc.’s Net Profit Dropped 88.6% in First Quarter of 2022

Acm Research(Shanghai) Inc. (盛美半导体设备(上海)股份有限公司) (688082.SH) reported a net profit of 4.3 million yuan in the first quarter of 2022, down 88.6% year-on-year.

Meanwhile, the company posted 353.7 million yuan in revenue, up 28.5% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 25.8%.