10-K
Annual Report
ACM Research, Inc.
ACMR
NASDAQ
CIK: 1680062
File #: 001-38273
Balance Sheet
127 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 407,445,000 | 182,090,000 |
Parent Company | 54,764,000 | 41,616,000 |
Restricted cash | 3,865,000 | 1,083,000 |
Short-term time deposits (note 2) | 17,277,000 | 80,524,000 |
Short-term investments (note 14) | 19,373,000 | 21,312,000 |
Account receivables, net (note 4) | 387,045,000 | 283,186,000 |
Parent Company | 2,000 | 988,000 |
Nonrelated Party | 41,859,000 | 40,065,000 |
Related Party | 1,024,000 | 2,432,000 |
Ninebell - Related Party | 1,024,000 | 2,432,000 |
Parent Company - Related Party | 6,554,000 | 3,176,000 |
Parent Company - Nonrelated Party | 8,938,000 | 5,803,000 |
Inventories, net (note 5) | 597,984,000 | 545,395,000 |
Prepaid expenses | 7,507,000 | 20,023,000 |
Parent Company | 479,000 | 385,000 |
Total current assets | 1,483,379,000 | 1,176,110,000 |
Parent Company | 70,737,000 | 51,968,000 |
Property, plant and equipment, net (note 6) | 269,272,000 | 201,848,000 |
Parent Company | 4,610,000 | 20,271,000 |
Operating lease right-of-use assets, net (note 10) | 14,038,000 | 15,393,000 |
Intangible assets, net | 3,461,000 | 2,538,000 |
Long-term time deposits (note 2) | 13,275,000 | 40,818,000 |
Deferred tax assets (note 18) | 14,781,000 | 20,271,000 |
Parent Company | 7,990,000 | 134,000 |
Long-term investments (note 13) | 37,063,000 | 27,880,000 |
Ninebell - Equity investee: | 7,862,000 | 5,632,000 |
Wooil - Equity investee: | 936,000 | 1,003,000 |
Shengyi - Equity investee: | 2,775,000 | 1,693,000 |
Hefei Shixi - Equity investee: | 4,798,000 | 9,174,000 |
Company D - Equity investee: | 4,173,000 | 0 |
Equity investee: | 20,544,000 | 17,502,000 |
Waferworks - Investments accounted for using measurement alternative: | 0 | 1,412,000 |
Shengyi - Investments accounted for using measurement alternative: | 845,000 | 857,000 |
Company A - Investments accounted for using measurement alternative: | 4,173,000 | 4,236,000 |
Company B - Investments accounted for using measurement alternative: | 918,000 | 932,000 |
Company C - Investments accounted for using measurement alternative: | 1,739,000 | 0 |
Company E - Investments accounted for using measurement alternative: | 1,391,000 | 0 |
Company G - Investments accounted for using measurement alternative: | 4,173,000 | 0 |
Other - Investments accounted for using measurement alternative: | 696,000 | 2,941,000 |
Subtotal Measurement Alternative - Investments accounted for using measurement alternative: | 13,935,000 | 10,378,000 |
Company F - Investments accounted for under available-for-sale debt securities | 1,391,000 | 0 |
Other - Investments accounted for under available-for-sale debt securities | 1,193,000 | 0 |
Other long-term assets (note 7) | 20,452,000 | 6,050,000 |
Total assets | 1,855,721,000 | 1,490,908,000 |
Parent Company | 927,844,000 | 805,755,000 |
Liabilities and Equity | ||
Current liabilities: | ||
Short-term borrowings (note 8) | 32,814,000 | 31,335,000 |
1)due on August 29, 2024 with an annual interest rate of 3.00%. | 0 | 2,463,000 |
Line of Credit Due On September 7th, 2024 With An Annual Interest Rate Of 2.87% | 0 | 5,648,000 |
Line of Credit, due on March 20, 2025 with an annual interest rate of 2.75% | 16,706,000 | 0 |
Line of Credit, due on September 22, 2025 with an annual interest rate of 2.5%. | 5,569,000 | 0 |
Line of Credit, China Merchants Bank, due on August 7, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 8, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 9, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 14, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 17, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 20, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 21, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 22, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 24, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 27, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 29, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on August 30, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on September 3, 2024 with an annual interest rate of 3.00% | 0 | 1,271,000 |
Line of Credit, China Merchants Bank, due on September 5, 2024 with an annual interest rate of 3.00% | 0 | 1,270,000 |
Line of Credit, China Merchants Bank, due on September 6, 2024 with an annual interest rate of 3.00% | 0 | 1,270,000 |
Line of Credit, China Merchants Bank, due on September 10, 2024 with an annual interest rate of 3.00% | 0 | 1,270,000 |
Line of Credit, China Merchants Bank, due on September 12, 2024 with an annual interest rate of 3.00% | 0 | 1,270,000 |
Line Of Credit, China Merchants Bank, Due On February 27, 2025 With An Annual Interest Rate Of 2.60% | 1,322,000 | 0 |
Line Of Credit, China Merchants Bank, Due On February 28, 2025 With An Annual Interest Rate Of 2.60% | 1,322,000 | 0 |
Line Of Credit, China Merchants Bank, Due On March 1, 2025 With An Annual Interest Rate Of 2.60% | 1,322,000 | 0 |
Line Of Credit, China Merchants Bank, Due On March 5, 2025 With An Annual Interest Rate Of 2.60% | 1,322,000 | 0 |
Line Of Credit, China Merchants Bank, Due On March 8, 2025 With An Annual Interest Rate Of 2.60% | 1,253,000 | 0 |
Line Of Credit, China Merchants Bank, Due On August 27, 2025 With An Annual Interest Rate Of 2.60% | 1,322,000 | 0 |
Line Of Credit, China Merchants Bank, Due On September 11, 2025 With An Annual Interest Rate Of 2.60% | 1,322,000 | 0 |
Line of Credit Due On July 12, 2024 With An Annual Interest Rate Of 6.03% | 0 | 77,000 |
Line of Credit Due On December 15, 2024 With An Annual Interest Rate Of 4.29% | 0 | 1,544,000 |
Line of Credit Due On December 16, 2025 With An Annual Interest Rate Of 4.43% | 1,354,000 | 0 |
Current portion of long-term borrowings (note 11) | 44,472,000 | 6,783,000 |
Nonrelated Party | 139,294,000 | 141,814,000 |
Related Party | 16,133,000 | 11,407,000 |
Ninebell - Related Party | 10,830,000 | 7,624,000 |
Shengyi - Related Party | 5,303,000 | 3,783,000 |
Parent Company | 391,000 | 524,000 |
Advances from customers | 243,949,000 | 181,368,000 |
Deferred revenue | 8,537,000 | 3,687,000 |
Income taxes payable (note 18) | 12,779,000 | 6,401,000 |
Parent Company | 0 | 6,402,000 |
FIN-48 payable (note 18) | 19,466,000 | 12,149,000 |
Parent Company | 848,000 | 12,149,000 |
Other payables and accrued expenses (note 9) | 121,657,000 | 102,951,000 |
Current portion of operating lease liabilities (note 10) | 2,132,000 | 2,764,000 |
Total current liabilities | 641,233,000 | 500,659,000 |
Long-term borrowings (note 11) | 105,525,000 | 53,952,000 |
Parent Company | 13,882,000 | 14,120,000 |
Long-term operating lease liabilities (note 10) | 3,840,000 | 4,262,000 |
Other long-term liabilities (note 12) | 9,217,000 | 5,873,000 |
Subsidies commenced in 2020 and prior | 699,000 | 1,107,000 |
Subsidies to Lingang R&D development in 2021 | 7,350,000 | 3,467,000 |
Other | 1,168,000 | 1,299,000 |
Total liabilities | 759,815,000 | 564,746,000 |
Parent Company | 23,219,000 | 38,371,000 |
Equity: | ||
Class A Common Stock | 6,000 | 6,000 |
Common Stock Class B | 1,000 | 1,000 |
Additional paid-in capital | 677,476,000 | 629,845,000 |
Retained earnings | 260,000,000 | 156,827,000 |
Statutory surplus reserve (note 2) | 30,514,000 | 30,060,000 |
ACM Research (Shanghai), Inc. ("ACM Shanghai") | 30,514,000 | 30,060,000 |
Mainland China Subsidiaries | 686,874,000 | — |
Accumulated other comprehensive loss | (63,372,000) | (49,349,000) |
Total ACM Research, Inc. stockholders’ equity | 904,625,000 | 767,390,000 |
Non-controlling interests | 191,281,000 | 158,772,000 |
Total equity | 1,095,906,000 | 926,162,000 |
Class A Common Stock - Common Stock | 6,000 | 6,000 |
Common Stock Class B - Common Stock | 1,000 | 1,000 |
Additional Paid- in Capital | 677,476,000 | 629,845,000 |
Retained Earnings | 260,000,000 | 156,827,000 |
Statutory Surplus Reserve | 30,514,000 | 30,060,000 |
Accumulated Other Comprehensive Income (Loss) | (63,372,000) | (49,349,000) |
Non-controlling Interests | 191,281,000 | 158,772,000 |
Parent Company | 904,625,000 | 767,384,000 |
Total liabilities and equity | 1,855,721,000 | 1,490,908,000 |
Parent Company | 927,844,000 | 805,755,000 |