ACM Shanghai guides 2024 revenue RMB 5-5.8B; shipments growth to exceed revenue

ACM Research, Inc.

2024 revenue guidance of RMB 5-5.8 billion, driven by China's semiconductor demand.
Shipments growth rate expected to exceed revenue growth in 2024 due to deferred deliveries.
Cleaning equipment covers 90-95% of cleaning steps; targets 55-60% China market share.
Track and PECVD equipment expected to contribute revenue starting 2025.
R&D spending projected at 15-16% of revenue; overseas revenue remains minor.

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