ACM Shanghai backlog flat YoY at RMB 6.76B; orders under contract up 3.66%

ACM Research, Inc.

Total backlog of RMB 6,764.6M ($964.8M) as of Sep 30, 2024 vs RMB 6,795.8M a year ago, down 0.46%.
Orders under contract rose 3.66% YoY to RMB 6,764.6M; orders awarded by formal bidding pending contract dropped to zero from RMB 270.1M.
ACM Shanghai to report nine-month results on Oct 30, 2024; ACM to release preliminary results same day and full Q3 results in early Nov.
Backlog is a non-GAAP measure; includes shipped tools not yet recognized as revenue and expected future shipments.

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