On June 29, ACM Research rose 5.17% in pre-market trading, trading at $109.07/share, with turnover of $192,100.

On the news front, the semiconductor equipment sector broadly strengthened, with Lam Research up 4.2%, Applied Materials up 3.69%, KLA-Tencor up 3.17%, ASML up 1.56%, and Teradyne up 1.11%, extending the sector's high-prosperity momentum.

As a leading provider of wet cleaning and electroplating equipment, ACM Research reported Q1 new orders growth of 65% year-over-year, with a backlog approaching RMB 17 billion. Electroplating equipment now accounts for approximately 30% of new orders. The company maintains its full-year revenue guidance of RMB 8.2 to 8.8 billion. Recently, 129 institutions conducted intensive research visits to the company, reflecting significantly elevated capital attention amid sustained sector prosperity. The company has also set a long-term revenue target of $4 billion, with overseas revenue targeted at $1.6 billion.

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