ACM Research Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
ACMR$48.67-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents (note 2) | $182,090 | $247,951 |
| Restricted cash | 1,083 | 500 |
| Short-term time deposits (note 2) | 80,524 | 70,492 |
| Short-term investments (note 15) | 21,312 | 20,209 |
| Accounts receivable, net (note 4) | 283,186 | 182,936 |
| Other receivables | 40,065 | 29,617 |
| Inventories, net (note 5) | 545,395 | 393,172 |
| Advances to related party (note 16) | 2,432 | 3,322 |
| Prepaid expenses | 20,023 | 15,607 |
| Total current assets | 1,176,110 | 963,806 |
| Property, plant and equipment, net (note 6) | 201,848 | 82,875 |
| Land use right, net (note 7) | 8,367 | 8,692 |
| Operating lease right-of-use assets, net (note 11) | 7,026 | 2,489 |
| Intangible assets, net | 2,538 | 1,255 |
| Long-term time deposits (note 2) | 40,818 | 101,956 |
| Deferred tax assets (note 19) | 20,271 | 6,703 |
| Long-term investments (note 14) | 27,880 | 17,459 |
| Other long-term assets (note 8) | 6,050 | 50,265 |
| Total assets | $1,490,908 | $1,235,500 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Short-term borrowings (note 9) | $31,335 | $56,004 |
| Current portion of long-term borrowings (note 12) | 6,783 | 2,322 |
| Related party accounts payable (note 16) | 11,407 | 14,468 |
| Accounts payable | 141,814 | 101,735 |
| Advances from customers | 181,368 | 153,773 |
| Deferred revenue | 3,687 | 4,174 |
| Income taxes payable (note 19) | 6,401 | 3,469 |
| FIN-48 payable (note 19) | 12,149 | 6,686 |
| Other payables and accrued expenses (note 10) | 102,951 | 52,201 |
| Current portion of operating lease liability (note 11) | 2,764 | 1,382 |
| Total current liabilities | 500,659 | 396,214 |
| Long-term borrowings (note 12) | 53,952 | 18,687 |
| Long-term operating lease liability (note 11) | 4,262 | 1,107 |
| Other long-term liabilities (note 13) | 5,873 | 7,321 |
| Total liabilities | 564,746 | 423,329 |
| Commitments and contingencies (note 21) | ||
| Equity: | ||
| Stockholders’ equity: | ||
| Class A Common stock (note 17) | 6 | 5 |
| Class B Common stock (note 17) | 1 | 1 |
| Additional paid-in capital | 629,845 | 604,089 |
| Retained earnings | 156,827 | 94,426 |
| Statutory surplus reserve (note 2) | 30,060 | 16,881 |
| Accumulated other comprehensive loss | (49,349) | (40,546) |
| Total ACM Research, Inc. stockholders’ equity | 767,390 | 674,856 |
| Non-controlling interests | 158,772 | 137,315 |
| Total equity | 926,162 | 812,171 |
| Total liabilities and equity | $1,490,908 | $1,235,500 |
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