ACM Research (Shanghai), Inc. provided earnings guidance for the year ended December 31, 2022. Revenue for ACM Shanghai is expected to be in a range of RMB 2.70 billion to RMB 2.90 billion versus revenue of RMB 1.62 billion in 2021. Net profit attributable to the shareholders of ACM Shanghai is expected to be in a range of RMB 600.0 million to RMB 720.0 million versus net profit of RMB 266.2 million in 2021.

Net profit excluding certain non-operating items attributable to the shareholders of ACM Shanghai is expected to be in a range of RMB 620.0 million to RMB 740.0 million versus RMB 194.7 million in 2021.