Delaware
|
94-3290283
|
(State or Other Jurisdiction of Incorporation or
Organization)
|
(I.R.S. Employer Identification No.)
|
42307 Osgood Road, Suite I
Fremont, California
|
94539
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
Large
accelerated filer
|
☐
|
Accelerated
filer
|
☐
|
Non-accelerated
filer
|
☐
|
Smaller
reporting company
|
☑
|
|
|
Emerging
growth company
|
☑
|
Title of Each Class
|
Trading Symbol(s)
|
Name of Each Exchange on which Registered
|
Class A
Common Stock, $0.0001 par value per share
|
ACMR
|
Nasdaq
Global Market
|
Class
|
|
Number of Shares Outstanding
|
Class A
Common Stock, $0.0001 par value
|
|
14,196,966
shares outstanding as of May 9, 2019
|
Class B
Common Stock, $0.0001 par value
|
|
1,895,090
shares outstanding as of May 9, 2019
|
4
|
||
|
|
|
4
|
||
|
|
|
4
|
||
|
|
|
5
|
||
|
|
|
6
|
||
|
|
|
7
|
||
|
|
|
20
|
||
|
|
|
31
|
||
|
|
|
31
|
||
|
|
|
32
|
||
|
|
|
32
|
||
|
|
|
32
|
||
|
|
|
32
|
||
|
|
|
33
|
|
March 31,
2019 |
December 31,
2018 |
|
(unaudited)
|
|
|
(in thousands, except share and per
share data)
|
|
Assets
|
|
|
Current
assets:
|
|
|
Cash
and cash equivalents
|
$27,367
|
$27,124
|
Accounts
receivable, less allowance for doubtful accounts of $0 as of March
31, 2019 and $0 as of December 31, 2018 (note 3)
|
25,070
|
24,608
|
Other
receivables
|
2,982
|
3,547
|
Inventories
(note 4)
|
42,253
|
38,764
|
Prepaid
expenses
|
1,833
|
1,985
|
Total
current assets
|
99,505
|
96,028
|
Property,
plant and equipment, net (note 5)
|
3,719
|
3,708
|
Operating
lease right-of-use assets, net (note 8)
|
4,787
|
-
|
Intangible
assets, net
|
263
|
274
|
Deferred
tax assets (note 15)
|
1,669
|
1,637
|
Investment
in affiliates, equity method (note 10)
|
1,476
|
1,360
|
Other
long-term assets
|
-
|
40
|
Total
assets
|
111,419
|
103,047
|
Liabilities and Stockholders’ Equity
|
|
|
Current
liabilities:
|
|
|
Short-term
borrowings (note 6)
|
12,829
|
9,447
|
Accounts
payable
|
13,333
|
16,673
|
Advances
from customers
|
8,469
|
8,417
|
Income
taxes payable
|
1,228
|
1,193
|
Other
payables and accrued expenses (note 7)
|
11,834
|
10,410
|
Current
portion of operating lease liability (note 8)
|
1,326
|
-
|
Total
current liabilities
|
49,019
|
46,140
|
Long-term
operating lease liability (note 8)
|
3,462
|
-
|
Other
long-term liabilities (note 9)
|
3,296
|
4,583
|
Total
liabilities
|
55,777
|
50,723
|
Commitments and contingencies (note 16)
|
|
|
Stockholders’
equity:
|
|
|
Common stock – Class A, par value $0.0001:
100,000,000 shares authorized as of March 31, 2019 and December 31,
2018. 14,176,690 shares issued and outstanding as of March 31, 2019
and 14,110,315 shares issued and outstanding as of December 31,
2018 (note 13)
|
1
|
1
|
Common stock–Class B, par value $0.0001:
7,303,533 shares authorized as of March 31, 2019 and December 31,
2018. 1,898,423 shares issued and outstanding as of March 31, 2019
and 1,898,423 shares issued and outstanding as of December 31, 2018
(note 13)
|
-
|
-
|
Additional
paid in capital
|
57,371
|
56,567
|
Accumulated
deficit
|
(1,530)
|
(3,387)
|
Accumulated
other comprehensive loss
|
(200)
|
(857)
|
Total
stockholders’ equity
|
55,642
|
52,324
|
Total
liabilities and stockholders’ equity
|
$111,419
|
$103,047
|
|
Three Months Ended March
31,
|
|
|
2019
|
2018
|
|
(Unaudited)
|
|
|
( In thousands, except share and
per share data)
|
|
Revenue
|
$20,479
|
$9,743
|
Cost of revenue
|
11,653
|
4,621
|
Gross profit
|
8,826
|
5,122
|
Operating expenses:
|
|
|
Sales and marketing
|
1,869
|
1,855
|
Research and development
|
2,765
|
1,541
|
General and administrative
|
1,941
|
3,630
|
Total operating expenses, net
|
6,575
|
7,026
|
Income
(loss) from operations
|
2,251
|
(1,904)
|
Interest income
|
9
|
3
|
Interest expense
|
(139)
|
(103)
|
Other
expense, net
|
(261)
|
(755)
|
Equity income in net income of affiliates
|
116
|
1
|
Income
(loss) before income taxes
|
1,976
|
(2,758)
|
Income tax expense (note 15)
|
(119)
|
(22)
|
Net
income (loss)
|
$1,857
|
$(2,780)
|
Comprehensive income
(loss):
|
|
|
Net income
(loss)
|
1,857
|
(2,780)
|
Foreign currency translation adjustment
|
657
|
705
|
Total comprehensive
Income (loss) (note 2)
|
$2,514
|
$(2,075)
|
|
|
|
Net income
(loss)
per common share (note 2):
|
|
|
Basic
|
$0.12
|
$(0.18)
|
Diluted
|
$0.10
|
$(0.18)
|
|
|
|
Weighted average common shares outstanding used
in computing per share amounts (note2):
|
|
|
Basic
|
16,044,655
|
15,383,086
|
Diluted
|
18,225,317
|
15,383,086
|
|
Common
Stock Class A
|
Common
Stock Class B
|
|
|
|
|
||
|
Shares
|
Amount
|
Shares
|
Amount
|
Additional Paid-in Capital
|
Accumulated
Deficit
|
Accumulated Other Comprehensive Income
|
Total Stockholders’ Equity (Deficit)
|
Balance at January 1, 2019
|
14,110,315
|
$1
|
1,898,423
|
$-
|
$56,567
|
$(3,387)
|
$(857)
|
$52,324
|
Net
income
|
-
|
-
|
-
|
-
|
-
|
1,857
|
-
|
1,857
|
Foreign
currency translation adjustment
|
-
|
-
|
-
|
-
|
-
|
-
|
657
|
657
|
Exercise
of stock option
|
66,375
|
-
|
-
|
-
|
60
|
-
|
-
|
60
|
Stock-based
compensation
|
-
|
-
|
-
|
-
|
744
|
-
|
-
|
744
|
Balance at March 31, 2019
|
14,176,690
|
$1
|
1,898,423
|
$-
|
$57,371
|
$(1,530)
|
$(200)
|
$55,642
|
|
Common
Stock
Class A
|
Common
Stock
Class B
|
|
|
|
|
||
|
Shares
|
Amount
|
Shares
|
Amount
|
Additional Paid-in Capital
|
Accumulated
Deficit
|
Accumulated Other Comprehensive Income
|
Total Stockholders’ Equity (Deficit)
|
Balance at January 1, 2018
|
12,935,546
|
$1
|
2,409,738
|
$-
|
$49,695
|
$(9,961)
|
$122
|
$39,857
|
Net
income
|
-
|
-
|
-
|
-
|
-
|
(2,780)
|
-
|
(2,780)
|
Foreign
currency translation adjustment
|
-
|
-
|
-
|
-
|
-
|
-
|
705
|
705
|
Exercise
of stock option
|
57,222
|
-
|
-
|
-
|
64
|
-
|
-
|
64
|
Stock-based
compensation
|
-
|
-
|
-
|
-
|
2,175
|
-
|
-
|
2,175
|
Exercise
of common stock warrant issued to SMC
|
397,502
|
-
|
-
|
-
|
2,981
|
-
|
-
|
2,981
|
Balance at March 31, 2018
|
13,390,270
|
$1
|
2,409,738
|
$-
|
$54,915
|
$(12,741)
|
$827
|
$43,002
|
|
Three Months Ended March 31,
|
|
|
2019
|
2018
|
|
(unaudited)
|
|
Cash flows from operating activities:
|
|
|
Net
income (loss)
|
$1,857
|
$(2,780)
|
Adjustments
to reconcile net loss from operations to net cash provided
by
|
|
|
operating
activities:
|
|
|
Depreciation
and amortization
|
191
|
80
|
Equity
income in net income of affiliates
|
(116)
|
(1)
|
Deferred
income taxes
|
-
|
-
|
Stock-based
compensation
|
744
|
2,175
|
Net
changes in operating assets and liabilities:
|
|
|
Accounts
receivable
|
99
|
14
|
Other
receivables
|
669
|
1,331
|
Inventory
|
(2,759)
|
(3,896)
|
Prepaid
expenses
|
190
|
(1,791)
|
Other
current assets
|
-
|
3
|
Accounts
payable
|
(3,757)
|
(2,364)
|
Advances
from customers
|
45
|
87
|
Income
tax payable
|
15
|
-
|
Other
payables and accrued expenses
|
1,013
|
27
|
Other
long-term liabilities
|
(1,373)
|
(278)
|
Net
cash used in operating activities
|
(3,182)
|
(7,393)
|
|
|
|
Cash flows from investing activities:
|
|
|
Purchase
of property and equipment
|
(115)
|
(395)
|
Purchase
of intangible assets
|
(1)
|
-
|
Net
cash used in investing activities
|
(116)
|
(395)
|
|
|
|
Cash flows from financing activities:
|
|
|
Proceeds
from short-term borrowings
|
8,285
|
7,387
|
Repayments
of short-term borrowings
|
(5,084)
|
(2,306)
|
Proceeds
from stock option exercise to common stock
|
60
|
62
|
Net
cash provided by financing activities
|
3,261
|
5,143
|
|
|
|
Effect of exchange rate changes on cash and cash
equivalents
|
$280
|
$150
|
Net
(decrease) increase in cash and cash equivalents
|
$243
|
$(2,495)
|
|
|
|
Cash
and cash equivalents at beginning of period
|
27,124
|
17,681
|
Cash and cash equivalents at end of period
|
$27,367
|
$15,186
|
|
|
|
Supplemental disclosure of cash flow information:
|
|
|
Interest
paid
|
$139
|
$103
|
|
Three Months Ended March 31,
|
|
|
2019
|
2018
|
Numerator:
|
|
|
Net income
(loss)
|
$1,857
|
$(2,780)
|
Denominator:
|
|
|
Weighted average shares outstanding, basic
|
16,044,655
|
15,383,086
|
Effect of dilutive securities
|
2,180,662
|
-
|
Weighted average shares outstanding, diluted
|
18,225,317
|
15,383,086
|
Net
income (loss) per common share:
|
|
|
Basic
|
$0.12
|
$(0.18)
|
Diluted
|
$0.10
|
$(0.18)
|
|
March 31,
|
December 31,
|
|
2019
|
2018
|
Accounts receivable
|
$25,070
|
$24,608
|
Less: Allowance for doubtful accounts
|
-
|
-
|
Total
|
$25,070
|
$24,608
|
|
March 31,
2019
|
December 31,
2018
|
Raw materials
|
$13,285
|
$12,646
|
Work in process
|
15,981
|
9,631
|
Finished goods
|
12,987
|
16,487
|
Total inventory, gross
|
42,253
|
38,764
|
Inventory reserve
|
-
|
-
|
Total inventory, net
|
$42,253
|
$38,764
|
|
March 31,
|
December 31,
|
|
2019
|
2018
|
Manufacturing equipment
|
$9,894
|
$9,703
|
Office equipment
|
549
|
512
|
Transportation equipment
|
129
|
184
|
Leasehold improvement
|
1,444
|
1,379
|
Total cost
|
12,016
|
11,778
|
Less: Total accumulated depreciation
|
(8,377)
|
(8,102)
|
Construction in progress
|
80
|
32
|
Total property, plant and equipment, net
|
$3,719
|
$3,708
|
|
March 31,
2019
|
December 31,
2018
|
Line
of credit up to RMB 50,000 from Bank of Shanghai Pudong Branch, due
on April 17,2019 with an annual interest rate of 4.99%, guaranteed
by the Company’s CEO and fully repaid on March 27,
2019.
|
$-
|
$3,133
|
Line
of credit up to RMB 50,000 from Bank of Shanghai Pudong Branch, due
on February 14,2019 with an annual interest rate of 5.15%,
guaranteed by the Company’s CEO and fully repaid on February
14, 2019.
|
-
|
485
|
Line
of credit up to RMB 50,000 from Bank of Shanghai Pudong Branch, due
on January 23, 2020 with an annual interest rate of 5.22%,
guaranteed by the Company’s CEO and Cleanchip Technologies
Limited.
|
668
|
|
Line
of credit up to RMB 30,000 from Bank of China Pudong Branch, due on
June 06, 2019 with annual interest rate of 5.22%, secured by
certain of the Company’s intellectual property and the
Company’s CEO.
|
2,228
|
2,186
|
Line
of credit up to RMB 30,000 from Bank of China Pudong Branch, due on
June 13, 2019 with annual interest rate of 5.22%, secured by
certain of the Company’s intellectual property and the
Company’s CEO.
|
2,228
|
2,186
|
Line
of credit up to RMB 10,000 from Shanghai Rural Commercial Bank, due
on January 23, 2019 with an annual interest rate of 5.44%,
guaranteed by the Company’s CEO and pledged by accounts
receivable,and fully repaid on January 23, 2019.
|
-
|
1,457
|
Line
of credit up to RMB 20,000 from Shanghai Rural Commercial Bank, due
on February 21, 2020 with an annual interest rate of 5.66%,
guaranteed by the Company’s CEO and pledged by accounts
receivable.
|
1,485
|
|
Line
of credit up to RMB 20,000 from Bank of Communications, due on
January 18, 2020 with an annual interest rate of
5.66%.
|
1,485
|
|
Line
of credit up to RMB 20,000 from Bank of Communications, due on
January 22, 2020 with an annual interest rate of
5.66%.
|
743
|
|
Line
of credit up to RMB 20,000 from Bank of Communications, due on
February 14, 2020 with an annual interest rate of
5.66%.
|
742
|
|
Line
of credit up to RMB 50,000 from China Everbright Bank, due on March
25, 2020 with an annual interest rate of 4.94%, guaranteed by the
Company’s CEO.
|
3,250
|
|
Total
|
$12,829
|
$9,447
|
|
March 31,
2019
|
December 31,
2018
|
Lease expenses and payable for leasehold improvement due to a related party (note 11)
|
$-
|
$53
|
Accrued
commissions
|
2,663
|
2,931
|
Accrued warranty
|
2,017
|
1,710
|
Accrued payroll
|
1,240
|
626
|
Accrued professional fees
|
139
|
64
|
Accrued machine testing fees
|
2,978
|
3,076
|
Others
|
2,797
|
1,950
|
Total
|
$11,834
|
$10,410
|
|
March 31,
2019
|
Operating lease
cost
|
$437
|
Short-term lease
cost
|
18
|
Lease
cost
|
$455
|
|
Three months
ended
March
31,
2019
|
Cash
paid for amounts included in the measurement of lease
liabilities:
|
|
Operating cash outflow from
operating leases
|
455
|
|
March 31,
2019
|
2019
|
$1,057
|
2020
|
1,424
|
2021
|
1,456
|
2022
|
1,494
|
2023
|
53
|
2024
|
13
|
Total
lease payments
|
5,497
|
Less:
Interest
|
(710)
|
Present
value of lease liabilities
|
$4,787
|
Remaining
lease term and discount rate:
|
March 31,
2019
|
Weighted
average remaining lease term (years)
|
3.80
|
Weighted
average discount rate
|
5.43%
|
|
March 31,
2019
|
December 31,
2018
|
Subsidies to Stress Free Polishing project, commenced in 2008 and 2017
|
$1,449
|
$1,483
|
Subsidies to Electro Copper Plating project, commenced in 2014
|
1,598
|
2,860
|
Subsidies to Polytetrafluoroethylene, commenced in 2018
|
171
|
178
|
Other
|
78
|
62
|
Total
|
$3,296
|
$4,583
|
|
Number of Option Share
|
Weighted Average Grant Date Fair Value
|
Weighted Average Exercise Price
|
Weighed Average Remaining Contractual Term
|
Outstanding at December 31, 2018
|
2,503,405
|
$0.91
|
$4.09
|
7.30
years
|
Granted
|
-
|
-
|
-
|
|
Exercised
|
(11,375)
|
0.65
|
1.68
|
|
Expired
|
(628)
|
0.55
|
3.00
|
|
Forfeited
|
-
|
-
|
-
|
|
Outstanding at March
31, 2019
|
2,491,402
|
$1.53
|
$4.10
|
7.06
years
|
Vested and exercisable at March
31, 2019
|
1,544,974
|
|
|
|
|
Number of Option Shares
|
Weighted Average Grant Date Fair Value
|
Weighted Average Exercise Price
|
Weighted Average Remaining Contractual Term
|
Outstanding at December 31, 2018
|
1,212,374
|
$0.78
|
$2.57
|
6.66 years
|
Granted
|
-
|
-
|
-
|
|
Exercised
|
(55,000)
|
0.32
|
0.75
|
|
Expired
|
-
|
-
|
-
|
|
Forfeited
|
-
|
-
|
-
|
|
Outstanding at March
31, 2019
|
1,157,374
|
$0.78
|
$2.57
|
6.66 years
|
Vested and exercisable at March
31, 2019
|
950,237
|
|
|
|
|
Three Months Ended March 31,
|
|
|
2019
|
2018
|
|
(in
thousands)
|
|
Free Cash Flow Data:
|
|
|
Net cash
used in operating activities
|
$(3,182)
|
$(7,393)
|
Purchase of property and equipment
|
(115)
|
(395)
|
Purchase of intangible assets
|
(1)
|
-
|
Free cash flow
|
$(3,298)
|
$(7,788)
|
|
Three Months Ended March 31,
|
|
|
2019
|
2018
|
Revenue
|
100.0%
|
100.0%
|
Cost of revenue
|
56.9
|
47.4
|
|
43.1
|
52.6
|
Operating expenses:
|
|
|
Sales and marketing
|
9.1
|
19.0
|
Research and development
|
13.5
|
15.8
|
General and administrative
|
9.5
|
37.3
|
Total operating expenses, net
|
32.1
|
72.1
|
Income (loss) from operations
|
11.0
|
(19.5)
|
Interest expense, net
|
(0.6)
|
(1.0)
|
Other
expense, net
|
(1.3)
|
(7.8)
|
Equity
income in net income of affiliates
|
0.6
|
-
|
Income (loss) before income taxes
|
9.7
|
(28.3)
|
Income tax
expense
|
(0.6)
|
(0.2)
|
Net
income (loss)
|
9.1%
|
(28.5%)
|
|
Three Months Ended March 31,
|
|
|
|
2019
|
2018
|
% Change
|
|
(in thousands)
|
|
|
Revenue
|
$20,479
|
$9,743
|
110.2%
|
|
Three Months Ended March 31,
|
|
|
|
2019
|
2018
|
% Change 2019 v
2018
|
|
(in thousands)
|
|
|
Cost of revenue
|
$11,653
|
$4,621
|
152.2%
|
Gross profit
|
$8,826
|
$5,122
|
72.3
|
Gross margin
|
43.1%
|
52.6%
|
(9.5)
|
|
Three Months
Ended March 31,
|
|
|
|
2019
|
2018
|
% Change 2019 v
2018
|
|
(in thousands)
|
|
|
Sales and marketing expense
|
$1,869
|
$1,855
|
0.8%
|
Research and development expense
|
2,765
|
1,541
|
79.4
|
General and administrative expense
|
1,941
|
3,630
|
(46.5)
|
Total operating expenses
|
$6,575
|
$7,026
|
(6.4)
|
|
Three Months
Ended March 31,
|
|
|
|
2019
|
2018
|
% Change 2019 v
2018
|
|
(in
thousands)
|
|
|
Interest expense,
net
|
$(130)
|
$(100)
|
30.0%
|
Other expense,
net
|
(261)
|
(755)
|
(65.4)
|
|
Three Months Ended March 31,
|
|
|
2019
|
2018
|
Current:
|
(in thousands)
|
|
U.S.
federal
|
$-
|
$-
|
U.S.
state
|
-
|
-
|
Foreign
|
-
|
-
|
Total
current tax expense
|
-
|
-
|
Deferred:
|
|
|
U.S.
federal
|
-
|
-
|
U.S.
state
|
-
|
-
|
Foreign
|
(119)
|
(22)
|
Total
deferred tax expense
|
(119)
|
(22)
|
Total
income tax expense
|
$(119)
|
$(22)
|
Lender
|
|
Agreement Date
|
|
Maturity Date
|
|
Annual Interest Rate
|
|
Maximum Borrowing Amount (1)
|
|
Amount Outstanding at March 31, 2019
|
|
|
|
|
|
|
|
|
(in thousands)
|
||
Bank of China Pudong Branch
|
|
August 2018
|
|
August 2019
|
|
5.22%
|
|
RMB30,000
|
|
RMB30,000
|
|
|
|
|
|
|
|
|
$4,456
|
|
$4,456
|
Bank of Shanghai Pudong Branch
|
|
January 2019
|
|
January 2020
|
|
5.22%
|
|
RMB50,000
|
|
RMB4,500
|
|
|
|
|
|
|
|
|
$7,425
|
|
$668
|
Shanghai Rural Commercial Bank
|
|
Feburary 2019
|
|
January 2020
|
|
5.66%
|
|
RMB 20,000
|
|
RMB 10,000
|
|
|
|
|
|
|
|
|
$2,970
|
|
$1,485
|
Bank of Communications
|
|
January 2019
|
|
January 2020
|
|
5.66%
|
|
RMB20,000
|
|
RMB20,000
|
|
|
|
|
|
|
|
|
$2,970
|
|
$2,970
|
China Everbright Bank
|
|
Feburary 2019
|
|
Feburary 2020
|
|
4.94%
|
|
RMB50,000
|
|
RMB21,893
|
|
|
|
|
|
|
|
|
$7,425
|
|
$3,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RMB170,000
|
|
RMB86,393
|
|
|
|
|
|
|
|
|
$25,246
|
|
$12,829
|
|
March 31,
2019
|
|
(in thousands)
|
Cash and cash equivalents
|
$27,367
|
Accounts receivable, less allowance for doubtful amounts
|
25,070
|
Inventory
|
42,253
|
Working capital
|
$94,690
|
Exhibit
Number
|
|
Description
|
|
|
|
Line of
Credit Agreement dated February 25, 2019 between ACM Research
(Shanghai), Inc. and Bank of Shanghai Pudong Branch
|
|
|
|
|
Line of
Credit Agreement dated February 19, 2019 between ACM Research
(Shanghai), Inc. and Shanghai Rural Commercial Bank
|
|
|
|
|
Line of
Credit Agreement dated January 24, 2019 between ACM Research
(Shanghai), Inc. and Bank of Communications Shanghai Zhangjiang
Branch
|
|
|
|
|
Line of
Credit Agreement dated January 24, 2019 between ACM Research
(Shanghai), Inc. and Bank of Communications Shanghai Zhangjiang
Branch
|
|
|
|
|
Line of
Credit Agreement dated February 19, 2019 between ACM Research
(Shanghai), Inc. and Bank of Communications Shanghai Zhangjiang
Branch
|
|
|
|
|
Line of
Credit Agreement dated January 30, 2019 between ACM Research
(Shanghai), Inc. and China Everbright Branch
|
|
|
|
|
Lease
Amendment dated February 4, 2019 between ACM Research, Inc. and
D&J Construction Inc.
|
|
|
|
|
Certification
of Principal Executive Officer Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
|
|
|
|
|
Certification
of Principal Financial Officer Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
|
|
|
|
|
Certification
of Principal Executive Officer and Principal Financial Officer
Pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|
|
|
|
101.INS
|
|
XBRL
Instance Document
|
|
|
101.SCH
|
|
XBRL
Taxonomy Extension Schema Document
|
|
|
101.CAL
|
|
XBRL
Taxonomy Extension Calculation Linkbase Document
|
|
|
101.DEF
|
|
XBRL
Taxonomy Extension Definition Linkbase Document
|
|
|
101.LAB
|
|
XBRL
Taxonomy Extension Label Linkbase Document
|
|
|
101.PRE
|
|
XBRL
Taxonomy Extension Presentation Linkbase Document
|
|
|
|
ACM
RESEARCH, INC.
|
|
|
|
|
|
|
Date:
May 14, 2019
|
By:
|
/s/
Lisa Feng
|
|
|
|
Lisa
Feng
|
|
|
|
Interim
Chief Financial Officer, Chief Accounting Officer and Treasurer
(Principal Financial Officer)
|
|
Date:
May 14, 2019
|
/s/
David H. Wang
|
|
David
H. Wang
|
|
Chief
Executive Officer and President
|
|
(Principal Executive Officer)
|
Date:
May 14, 2019
|
/s/
Lisa Feng
|
|
Lisa
Feng
|
|
Interim
Chief Financial Officer, Chief Accounting Officer and
Treasurer
|
|
(Principal Financial Officer)
|
Date:
May 14, 2019
|
/s/
David H. Wang
|
|
David
H. Wang
|
|
Chief
Executive Officer and President
|
|
(Principal Executive Officer)
|
Date:
May 14, 2019
|
/s/
Lisa Feng
|
|
Lisa
Feng
|
|
Interim
Chief Financial Officer, Chief Accounting Officer and
Treasurer
|
|
(Principal Financial Officer)
|