ACM Shanghai guides FY2024 revenue RMB5-5.8B, gross margin at 40-45% upper end

ACM Research, Inc.

2024-Q1 EPS reported $0.26 revenue$152,191,000

Q1 2024 performance reviewed; FY2024 revenue expected between RMB5B and RMB5.8B (~$690-800M).
Gross margin seen at upper end of 40%-45% target range; cleaning equipment ~70% of revenue.
First SAPS cleaning tool qualified at a U.S. customer; repeat orders anticipated.
Copper-plating & furnace tools to be 15-20% of 2024 revenue; PECVD expects 2-3 customers this year.
Track product ArF results due mid-2024; Lingang Research Lab expected to open May-June 2024.

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