ACM Research (Shanghai), Inc.

SHSE:688082 Stock Report

Market Cap: CN¥174.2b

ACM Research (Shanghai) Future Growth

Future criteria checks 5/6

ACM Research (Shanghai) is forecast to grow earnings and revenue by 36.2% and 28.3% per annum respectively. EPS is expected to grow by 35.1% per annum. Return on equity is forecast to be 18% in 3 years.

Key information

36.2%

Earnings growth rate

35.07%

EPS growth rate

Semiconductor earnings growth46.1%
Revenue growth rate28.3%
Future return on equity17.95%
Analyst coverage

Low

Last updated01 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 16

688082: Rising P/E Expectations And Planned H Share Listing Will Pressure Future Returns

Analysts have revised their price target for ACM Research (Shanghai) stock from CN¥180.00 to CN¥250.00, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E as the key drivers of this change. What’s in the News for ACM Research (Shanghai) A board meeting is scheduled for May 26, 2026 to consider a proposal on the offering of H shares and a potential listing on the Main Board of the Stock Exchange of Hong Kong Limited, according to company key developments.
Narrative Update • Jun 02

688082: Hong Kong Listing Plan Will Support Bullish Case Despite Richer P/E

Analysts have lifted their price target for ACM Research (Shanghai) from CN¥250.00 to CN¥255.00. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margins and a higher future P/E multiple.
Narrative Update • May 05

688082: Dividend Outlook And Margin Assumptions Will Support Higher Future Earnings Multiple

Analysts have trimmed their price target on ACM Research (Shanghai) from CN¥195.00 to CN¥180.00, citing updated assumptions around slightly lower revenue growth, profit margins, and a modestly reduced future P/E multiple. What's in the News ACM Research (Shanghai) proposed a profit distribution plan for fiscal year 2025, including a cash dividend of RMB 6.233 per 10 shares, inclusive of tax (Key Developments).
Narrative Update • Apr 20

688082: Dividend Reset Will Support Higher Future Earnings Multiple

Analysts have trimmed their price target for ACM Research (Shanghai) from CN¥222.00 to CN¥195.00, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and a higher future P/E multiple. What's in the News ACM Research (Shanghai) proposed a profit distribution plan for fiscal year 2025 with a cash dividend of RMB 6.233 per 10 shares, inclusive of tax, subject to shareholder approval at the 2026 Annual General Meeting (Key Developments).
Narrative Update • Apr 06

688082: Dividend Plan Will Support Future Upside As Core Assumptions Hold

Analysts have maintained their fair value estimate for ACM Research (Shanghai) at CN¥222.50, making only very minor adjustments to discount rate assumptions and long-term P/E inputs, which reflects a largely unchanged view of the stock's risk and earnings profile. What's in the News ACM Research (Shanghai) proposed a profit distribution plan for fiscal year 2025 that includes a cash dividend of RMB 6.233 per 10 shares, inclusive of tax, subject to shareholder approval at the 2026 Annual General Meeting of Shareholders (Key Developments).
Narrative Update • Mar 23

688082: Index Inclusion Will Support Future Upside As Core Assumptions Hold

Analysts have maintained their CN¥222.50 price target for ACM Research (Shanghai), indicating only very small adjustments in discount rate, revenue growth, profit margin and future P/E assumptions, rather than any change in their overall view of the shares. Valuation Changes CN¥ Fair Value: Unchanged at CN¥222.50, indicating no revision to the central valuation estimate.
Narrative Update • Mar 08

688082: Index Inclusion Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for ACM Research (Shanghai) from CN¥236.00 to CN¥222.50, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News ACM Research (Shanghai) has been added to the SSE 180 Index, indicating its inclusion in a broader Shanghai market benchmark (Key Developments).
Narrative Update • Feb 21

688082: Index Inclusion Will Support Bullish Case Despite Lower Future P/E

Analysts have maintained their ACM Research (Shanghai) price target at CN¥250.00, citing updated assumptions that reflect slightly higher projected revenue growth and profit margins, along with a modestly lower discount rate and a somewhat reduced future P/E multiple. What's in the News ACM Research (Shanghai), Inc has been added to the SSE 180 Index, which can increase the stock's visibility to index funds and benchmarked investors (Key Developments).
Narrative Update • Feb 07

688082: Index Inclusion Will Support Higher Future Earnings Multiple

Analysts now set their price target for ACM Research (Shanghai) at US$222, up from US$102, citing updated assumptions around revenue growth, profit margins, discount rate and a higher future P/E multiple. What's in the News ACM Research (Shanghai), Inc added to the SSE 180 Index, bringing the stock into a broader benchmark followed by institutional investors (Key Developments).
Narrative Update • Jan 24

688082: Index Inclusion And Upcoming Shareholder Meetings Will Support Future Upside Potential

Analysts now set their price target for ACM Research (Shanghai) at US$236, up from US$191.33. They cited updated fair value estimates aligned with a slightly higher discount rate and revised forward P/E assumptions.
Narrative Update • Jan 09

688082: Index Inclusion And Higher P/E Assumptions Will Support A Bullish Outlook

Analysts have raised their fair value estimate for ACM Research (Shanghai) from $163.50 to $250.00, reflecting updated assumptions for revenue growth, profit margins, and the future P/E multiple. What's in the News ACM Research (Shanghai), Inc is being added to the SSE 180 Index, highlighting its inclusion in a major Shanghai market benchmark (Key Developments).
Narrative Update • Dec 14

688082: Upcoming Shareholder Votes And Recent Placement Will Shape Future Upside Potential

Analysts have modestly revised their price target on ACM Research Shanghai upward to approximately 191.33 dollars per share, citing slightly stronger expectations for long term revenue growth and profitability, despite a marginally higher discount rate and a small reduction in projected future P E multiples. What's in the News Closed a sizeable private placement on September 16, 2025, issuing 38,601,326 shares at CNY 116.11 per share to raise approximately CNY 4.48 billion in gross proceeds, with net proceeds of about CNY 4.40 billion after fees (Key Developments).
Narrative Update • Nov 29

688082: Recent Private Placement Will Unlock Significant Upside For Shareholders

ACM Research (Shanghai)'s analyst price target has been revised downward slightly to $191.33, as analysts take a more cautious view on future earnings multiples and discount rates. What's in the News ACM Research (Shanghai), Inc.
Narrative Update • Nov 15

688082: Recent Fundraising Will Drive Shareholder Value After Private Placement

Analysts have maintained their price target for ACM Research (Shanghai) at $191.33. They cite minimal adjustments to key underlying assumptions and no significant new research influencing valuation.
Narrative Update • Nov 01

688082: Revenue Gains and Margin Pressure Will Shape 2025 Outlook

Narrative Update: ACM Research (Shanghai) Analyst Price Target Revision Analysts have raised their price target for ACM Research (Shanghai) slightly, increasing it by $0.00. This revision reflects expectations for improved revenue growth, partly balanced by a marginal decrease in projected profit margin and a modestly higher discount rate.
Narrative Update • Oct 18

Overvaluation Will Challenge China WFE As AI Expands

Analysts have raised their price target for ACM Research (Shanghai) from $171.83 to $191.33, citing expectations for improved revenue growth and slightly higher profit margins. What's in the News On September 24, 2025, ACM Research (Shanghai) closed a private placement by issuing 38,601,326 ordinary shares at an issue price of CNY 116.11.
Narrative Update • Oct 03

Overvaluation Will Challenge China WFE As AI Expands

ACM Research (Shanghai) has seen its analyst price target rise from $135.17 to $171.83, as analysts cite improved projected revenue growth and profit margins in their updated valuation models. What's in the News The company completed a share repurchase of 443,400 shares, representing 0.1 percent of total shares, for CNY 50.01 million from April 1, 2025 to August 4, 2025 (Key Developments).
Narrative Update • Sep 09

Overvaluation Will Challenge China WFE As AI Expands

The upward revision in ACM Research (Shanghai)'s analyst price target primarily reflects slightly improved consensus revenue growth forecasts and a modest increase in future P/E expectations, resulting in a new fair value estimate of CN¥135.17. What's in the News Completed share repurchase of 443,400 shares (0.1% of shares) for CNY 50.01 million under previously announced buyback.
New Narrative • Aug 24

Overvaluation Will Challenge China WFE As AI Expands

Key Takeaways Market optimism may overstate ACM's ability to sustain rapid growth and margin expansion amid sector risks and competitive pressures. High valuation and earnings expectations rely on successful innovation, domestic demand, and operational execution despite potential headwinds from competition and geopolitical uncertainties.

Earnings and Revenue Growth Forecasts

SHSE:688082 - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202815,3133,504N/AN/A1
12/31/202712,2692,7756596912
12/31/20268,9041,7961,1081,3402
3/31/20266,9571,254-5612N/A
12/31/20256,7861,396-265239N/A
9/30/20256,7871,661121590N/A
6/30/20256,4791,40691637N/A
3/31/20256,0021,3198441,464N/A
12/31/20245,6181,1536421,216N/A
9/30/20245,115996-153398N/A
6/30/20244,682914-300210N/A
3/31/20244,194860-731-335N/A
12/31/20233,888911-825-427N/A
9/30/20233,645900-996-187N/A
6/30/20233,387871-917-131N/A
3/31/20233,135795-1,109-390N/A
12/31/20222,873668-954-269N/A
9/30/20222,511558-781-573N/A
6/30/20222,091413-670-558N/A
3/31/20221,699233-504-400N/A
12/31/20211,621266-249-189N/A
12/31/20201,007197-444-88N/A
12/31/2019757135N/A73N/A
12/31/201855093N/A39N/A
12/31/201725411N/A-9N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688082's forecast earnings growth (36.2% per year) is above the savings rate (2.4%).

Earnings vs Market: 688082's earnings (36.2% per year) are forecast to grow faster than the CN market (27.4% per year).

High Growth Earnings: 688082's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 688082's revenue (28.3% per year) is forecast to grow faster than the CN market (16.8% per year).

High Growth Revenue: 688082's revenue (28.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 688082's Return on Equity is forecast to be low in 3 years time (18%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/18 14:45
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ACM Research (Shanghai), Inc. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tao XuCitic Securities Co., Ltd.
Hongda ZhengHaitong International Research Limited
Jimmy HuangJ.P. Morgan