ACM Research (Shanghai) Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	4,908	4,796	2,635	1,523	1,562	3,403
Short-Term Investments	-	2,486	50.54	21.38	-	-
Trading Asset Securities	239.87	249.64	138.14	141.21	140.73	188.13
Cash & Short-Term Investments	5,148	7,531	2,823	1,686	1,703	3,591
Cash Growth	71.36%	166.76%	67.46%	-1.01%	-52.57%	688.33%
Accounts Receivable	3,420	3,263	2,202	1,610	1,093	542.19
Other Receivables	45.92	65.58	34.27	79.26	151.63	56.23
Receivables	3,466	3,328	2,236	1,689	1,245	598.42
Inventory	5,010	4,822	4,232	3,925	2,690	1,443
Other Current Assets	2,549	202.67	204.31	288.91	662.65	174.84
Total Current Assets	16,173	15,884	9,496	7,589	6,300	5,807
Property, Plant & Equipment	1,915	1,932	1,795	1,435	568.06	101.05
Long-Term Investments	389.27	382.61	300.5	413.31	78.33	61.5
Other Intangible Assets	131.11	136.48	93.18	91.06	86.61	64.69
Long-Term Deferred Tax Assets	155.13	148.86	106.99	95.8	16.18	3.09
Long-Term Deferred Charges	460.37	380.39	191.25	86.7	52.8	14.76
Other Long-Term Assets	26.93	30.24	145.94	42.78	1,073	285.06
Total Assets	19,251	18,895	12,128	9,754	8,176	6,337
Accounts Payable	2,081	2,237	1,488	1,491	961.44	733.43
Accrued Expenses	203.39	339.79	263.02	163.92	132.78	51.51
Short-Term Debt	650.39	520.32	236.04	222.19	390.37	61.72
Current Portion of Long-Term Debt	219.55	245.73	220.35	48.08	16.26	15.37
Current Portion of Leases	-	32.08	14.31	18.63	9.63	14.29
Current Income Taxes Payable	79.2	59.88	145.66	39.46	42.74	4.42
Current Unearned Revenue	682.69	737.44	1,106	876.31	822.06	364.3
Other Current Liabilities	236.62	58.7	55.9	18.79	21.25	19.57
Total Current Liabilities	4,153	4,231	3,530	2,879	2,397	1,265
Long-Term Debt	1,329	1,058	758.19	282.29	130.13	146.41
Long-Term Leases	23.85	30.41	21.62	23.25	7.73	12.51
Long-Term Unearned Revenue	70.75	74.87	57.9	34.29	46.98	50.65
Pension & Post-Retirement Benefits	10.17	8.68	7.95	5.99	3.43	3.22
Long-Term Deferred Tax Liabilities	-	-	-	-	-	2.22
Other Long-Term Liabilities	20.16	21.31	87.6	71.19	66.72	42.82
Total Liabilities	5,607	5,424	4,463	3,296	2,652	1,522
Common Stock	480.16	480.16	438.74	435.71	433.56	433.56
Additional Paid-In Capital	9,147	9,076	4,388	4,064	3,882	3,845
Retained Earnings	4,046	3,941	2,834	1,954	1,205	536.08
Treasury Stock	-50.02	-50.02	-	-	-	-
Comprehensive Income & Other	20.07	22.36	5.24	5.21	3.71	0.41
Total Common Equity	13,643	13,470	7,666	6,458	5,524	4,815
Minority Interest	1.19	1.26	0	-	-	-
Shareholders' Equity	13,644	13,471	7,666	6,458	5,524	4,815
Total Liabilities & Equity	19,251	18,895	12,128	9,754	8,176	6,337
Total Debt	2,223	1,887	1,251	594.45	554.12	250.31
Net Cash (Debt)	2,924	5,645	1,573	1,091	1,149	3,340
Net Cash Growth	81.86%	258.90%	44.09%	-5.00%	-65.60%	1906.91%
Net Cash Per Share	6.24	12.41	3.56	2.46	2.63	8.38
Filing Date Shares Outstanding	479.72	479.72	438.74	435.71	433.56	433.56
Total Common Shares Outstanding	479.72	479.72	438.74	435.71	433.56	433.56
Working Capital	12,020	11,654	5,967	4,711	3,904	4,543
Book Value Per Share	28.44	28.08	17.47	14.82	12.74	11.11
Tangible Book Value	13,512	13,333	7,572	6,367	5,437	4,750
Tangible Book Value Per Share	28.17	27.79	17.26	14.61	12.54	10.96
Buildings	-	1,575	960.85	588.59	249.75	-
Machinery	-	440.96	304.02	151.79	93.15	64.91
Construction In Progress	-	32.76	592.11	729.76	251.43	35.75

Source: S&P Global Market Intelligence. Standard template. Financial Sources.