Asia
ACM Research Shanghai's Q1 Profit Plunges 58%; Shares Down 11%
ACM Research Shanghai (SHA:688082) reported a 58% drop in attributable profit for the first quarter of 2026 to 104.3 million yuan from 246.3 million yuan a year prior.Earnings per share slumped to 0.21 yuan from 0.56 yuan, according to a Tuesday filing with the Shanghai Stock Exchange.The semiconductor device manufacturer attributed the drop to exchange rate fluctuations and the development of new products and equipment upgrades that led to higher R&D expenses.Revenue, however, climbed 13% year over year to 1.48 billion yuan from 1.31 billion yuan.ACM Research's shares were down 11% in recent trade.
SHA:688082
