KryptonResearch14
$ACMR
ACM Research filed an 8-K today: its Shanghai subsidiary's backlog is RMB 17.1 billion, roughly two and a half billion dollars, up 88 percent from a year ago.
That's wafer-cleaning tool orders. One thing about the number: it counts both shipped-but-not-yet-recognized tools and future-shipment orders, so it's order intake, not revenue.
Also worth knowing: this is the China subsidiary's number. The US-listed company reports preliminary Q3 the same morning the sub reports its full nine-month results, October 28.
Up about seven percent, closing near 81 today. Tracking into the October print.
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