On April 17, ACM Research (Shanghai) (688082.SH) announced it is planning to issue H-shares and list on the Hong Kong Stock Exchange. The move aims to deepen strategic positioning, expand global markets, grow capital scale, and attract core talent. The controlling shareholder and actual controller will remain unchanged.

Founded in Shanghai in 2005 and listed on the Sci-Tech Innovation Board in November 2021, ACM Research focuses on R&D, production, and sales of semiconductor equipment. Its product portfolio covers cleaning equipment, electroplating, vertical furnaces, coat/develop, PECVD, stress-free polishing, and advanced packaging tools.

Market position: Cleaning equipment holds 23% domestic market share and 8.0% global share (4th). Electroplating equipment holds 8.2% global share (3rd). As of end 2024, the company has 470 granted patents (468 invention, 294 overseas).

Financials: 2025 revenue reached 6.786 billion RMB (+20.80%) , net profit attributable 1.396 billion RMB (+21.05%) , total assets 18.9 billion RMB (+55.79%) . R&D spending hit 1.255 billion RMB (+49.64%) , accounting for 18.5% of revenue.

The H-share listing will broaden international financing channels, improve global footprint, and boost brand recognition.

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