Acm Research (Shanghai), Inc. (688082.SH): Revenue in the first half of the year increased by nearly 50%, planning to buy back shares worth 50-100 million yuan.

On the evening of August 7, the leading Chinese semiconductor cleaning equipment company Acm Research (Shanghai), Inc. (688082.SH) took the lead in releasing its 2024 interim report. The report shows that benefiting from the continuous strong demand for semiconductor equipment in the Chinese semiconductor industry, the company achieved operating income of 2.404 billion yuan in the first half of 2024, a significant increase of 49.33% compared to the same period last year; net profit attributable to shareholders was 443 million yuan, with a non-net profit of 435 million yuan. During the reporting period, the gross profit margin of the main business was 50.11%, maintaining a steady level. Acm Research (Shanghai), Inc. is committed to providing advanced equipment and process solutions for the global integrated circuit industry. While focusing deeply on the field of semiconductor cleaning equipment, the company actively expands its product portfolio, long-term layout in the fields of semiconductor plating equipment, vertical furnace equipment, front-end photosensitive track equipment, plasma-enhanced chemical vapor deposition PECVD equipment, and other areas, striving to achieve product diversification advantages, expand new customers, develop new markets, enhance customer recognition, and jointly promote the company's continued business performance growth. Furthermore, Acm Research (Shanghai), Inc. has mastered related core technologies in the fields of semiconductor cleaning equipment, semiconductor plating equipment, vertical furnace equipment, and advanced packaging wet process equipment products. These core technologies have all been independently developed by Acm Research (Shanghai), Inc. when compared to well-known equipment manufacturers at home and abroad, some core technologies have reached an internationally leading level. Adhering to the development strategy of promoting differentiation competition and original innovation, Acm Research (Shanghai), Inc. continues to increase its research and development investment. In the first half of 2024, the company's research and development expenses were 346 million yuan, an increase of 62.56% compared to the same period last year, and the proportion of research and development investment to operating income was 16.24%, an increase of 1.32 percentage points compared to the same period last year. A high proportion of research and development investment is beneficial to maintain the vitality of the company's research and development innovation, enhance the company's research and development capabilities, and further strengthen the company's core competitiveness. This continuous research and development investment has already achieved significant results. As of June 30, 2024, the company and its holding subsidiaries own a total of 463 main patents granted, including 177 domestic patents and 286 foreign patents, with a total of 461 invention patents. The ratio of foreign patents to domestic patents is as high as 1.6:1, ranking at the forefront among peer companies, which also confirms the company's market position in the industry. Alongside the disclosure of the interim report, Acm Research (Shanghai), Inc. simultaneously disclosed the "Proposal on Repurchasing Company Shares through Centralized Competitive Trading", based on confidence in the company's future development and high recognition of the company's value, to establish and improve long-term incentive mechanisms, fully mobilize employee enthusiasm, enhance team cohesion and competitiveness, effectively combine shareholder interests, company interests, and employee interests. Acm Research (Shanghai), Inc. plans to repurchase shares through centralized competitive trading, and the repurchased shares will be used for equity incentives or employee stock ownership plans at appropriate times in the future. The total amount of funds proposed for the repurchase of shares is not less than 50 million yuan (including the principal) and not more than 100 million yuan (including the principal), and the repurchase implementation period is within 12 months from the date of the board of directors' approval of the share repurchase plan.