Matt Cook's questions to ACM Research Inc (ACMR) leadership • Q2 2025
Question
Matt Cook from Potento questioned the significant discrepancy in Q2 revenue and net income between the US-listed ACMR and its subsidiary ACM Shanghai, and asked if shipment figures differed.
Answer
CFO Mark McKechnie clarified that shipment numbers are identical. He attributed the main variance to different revenue recognition rules between U.S. GAAP and China GAAP. He also noted differences in R&D expense capitalization and additional corporate costs at the parent level. CEO David Wang added that the figures should align over the long term.