Acm Research(Shanghai) Inc.’s Net Profit Rose 2937.2% in First Quarter of 2023

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 130.9 million yuan in the first quarter of 2023, up 2937.2% year-on-year.

Meanwhile, the company posted 615.8 million yuan in revenue, up 74.1% year-on-year.

At the end of the reporting period, it had 8.6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 34.1%.