ACMR - ACM Research's Operating Subsidiary ACM Research (Shanghai) Provides Backlog Data | Benzinga
FREMONT, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that its operating subsidiary ACM Research (Shanghai), Inc. ("ACM Shanghai") posted backlog figures for ACM Shanghai as of September 27, 2023 and September 30, 2022 on the Shanghai Stock Exchange website [link to China Disclosure].
Backlog
As of September 27, 2023 and September 30, 2022, ACM Shanghai's total backlog amounted to RMB 6,795.8 million (USD $929.5 million), and RMB 4,644.2 million respectively. The total backlog figures include a mix of orders for tools that have been shipped but not yet recognized as revenue under Chinese generally accepted accounting principles ("Chinese GAAP"), and orders for tools expected to be shipped at a future date.
(RMB in millions)
| Item |
| As of September 27, 2023 |
| As of September 30, 2022 |
| YoY Change (%) |
| Orders under contract |
| 6,525.7 |
| 4,627.9 |
| 41.0% |