Haiping Dun

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ACM Nearly Doubles Its Order Book, and Its Own Release Says It May Not Be Revenue

ACM Shanghai's RMB 17.1 billion order book, up 88% in a year, is more than twice the parent's guided revenue for all of 2026, and the release announcing it says the figure is not an accounting measure and may not generate the revenue it estimates. The founder sold $10.6 million of stock three weeks earlier, on a pre-scheduled trading plan.

October 7, 2026 · 3 min read