WETH

Basic and Diluted Earnings Per Share Reached $0.32, Increasing 52.4% Year-over-Year CHENGDU, CN / ACCESS Newswire / May 18, 2026 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a company focused on the research, development, manufacturing, sales and servicing of medium- to large-sized projected capacitive touchscreens and related touch display products, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter Fiscal Year 2026 Highlights Revenue: $16.3 million, up 6.5% from $15.3 million in Q1 2025. Growth driven by higher average selling prices, slight increase in unit volume, and favorable RMB/USD exchange rate effects. Gross Profit: $5.8 million, compared with $5.6 million in Q1 2025. Gross margin was 35.7%, slightly down from 36.9% in the same period last year, primarily due to higher labor and material costs. Net Income: $3.9 million, an increase of 50% from $2.6 million in Q1 2025. Earnings Per Share: Basic and diluted earnings per share were $0.32, compared with $0.21 in Q1 2025, representing an increase of 52.4% year-over-year. Units Shipped: 763,325 units, essentially flat compared to 762,545 units in Q1 2025. Cash and Cash Equivalents: $120.5 million, up from $118.4 million as of December 31, 2025. Shareholders' Equity: $143.2 million, up from $137.4 million as of December 31, 2025. Management Commentary "We achieved solid revenue growth and a significant increase in net income in the first quarter of 2026," said Zongyi Lian, Chief Executive Officer of WeTouch Technology Inc. "Basic and diluted earnings per share increased 52.4% year-over-year to $0.32, reflecting improved profitability on a per-share basis. Our efforts to optimize the product mix have proven effective, with high-end touchscreens widely deployed across financial terminals, smart cockpit and in-vehicle HMI applications, self-service and POS terminals, gaming and lottery machines, medical devices, industrial automation and human-machine interface systems, robotics and intelligent equipment interfaces, and other specialized applications, significantly contributing to the Company's profitability. We continue to see strong demand in both domestic and select international markets." Mr. Lian continued, "Construction of our new Chengdu production facility remains underway, with completion expected by the first half of 20...

Fiscal Year 2025 Net Income Increased 20.0% to $7.2 Million, Revenue Increased 6.6% to $45.1 Million CHENGDU, CHINA / ACCESS Newswire / April 14, 2026 / Wetouch Technology Inc. (NASDAQ:WETH) ("Wetouch" or the "Company"), a company focused on the research, development, manufacturing, sales and servicing of medium- to large-sized projected capacitive touchscreens and related touch display products, today announced its financial results for the fiscal year ended December 31, 2025. The Company's products are widely used in financial terminals, smart cockpit and in-vehicle HMI applications, self-service and point-of-sale terminals, gaming and lottery machines, medical devices, industrial automation and human-machine interface ("HMI") systems, robotics and intelligent equipment interfaces, and other specialized applications. "Fiscal year 2025 was a year of meaningful progress for Wetouch. We achieved continued revenue growth, delivered stronger profitability, and further strengthened our cash position and stockholders' equity," said Mr. Zongyi Lian, Chief Executive Officer of Wetouch Technology Inc. "Our 2025 results reflected sustained customer demand across smart cockpit and automotive display applications, gaming, industrial automation and control interfaces, self-service terminals and other specialized applications, as well as the benefits of ongoing product mix optimization and disciplined execution." For additional information, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Fiscal Year 2025 Financial Highlights Revenue: $45.1 million, an increase of 6.6% from $42.3 million in fiscal year 2024. Gross Profit: $14.4 million, an increase of 5.6% from $13.6 million in fiscal year 2024. Gross Margin: 31.8%, compared with 32.2% in fiscal year 2024. Net Income: $7.2 million, an increase of 20.0% from $6.0 million in fiscal year 2024. Cash: $118.4 million as of December 31, 2025, an increase of 14.1% from $103.8 million as of December 31, 2024. Total Stockholders' Equity: $137.4 million as of December 31, 2025, an increase of 10.3% from $124.6 million as of December 31, 2024. Market and Business Overview Wetouch continues to focus on medium- to large-sized projected capacitive touchscreens ranging from 7.0 inches to 42 inches. The Company offers multiple touch panel structures, including Glass-Glass ("GG"), Glass...

CHENGDU, CN / ACCESS Newswire / November 12, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a global leader in touch display solutions, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2025. Nine-Month (First Three Quarters) Fiscal Year 2025 Highlights Total Revenue: $39.9 million, up 3.4% from $38.6 million in the same period of 2024. Gross Profit: $13.7 million, up 8.7% from $12.6 million in the same period of 2024. Net Income: $7.3 million, an increase of 23.7% year-over-year compared with $5.9 million. Operating Cash Flow: Positive $8.5 million, compared with negative $0.7 million in the same period last year. Cash Reserves: $113.2 million as of September 30, 2025, equivalent to approximately $9.48 per share, compared with $106.7 million a year earlier. Shareholders' Equity: $135.2 million as of September 30, 2025, representing a 4.8% increase from $129.5 million a year ago. Management Commentary "WeTouch continued to deliver resilient results and solid profitability through the first three quarters of fiscal 2025," said Zongyi Lian, Chief Executive Officer of WeTouch Technology Inc. "Although third-quarter gross margin was affected by raw material cost inflation, overall profitability and cash generation remained strong. Year-to-date net income increased nearly 24% year-over-year, supported by disciplined operations and growing domestic demand in China." Mr. Lian continued, "Our Chengdu facility construction is progressing smoothly and remains on schedule for completion by the end of 2025, with mass production expected in the second quarter of 2026. Backed by over $113 million in cash and a debt-free balance sheet, WeTouch is well-positioned to execute its next phase of capacity expansion and technology upgrades. Given its strong cash position and sustainable profitability, the Company continues exploring various strategies to increase long-term shareholder value." Business Highlights and Outlook China Market: Revenue rose 9.7% year-over-year in the first three quarters, led by growth in automotive and industrial touchscreen segments. Overseas Market: Revenue decreased 7.9% year-over-year due to weaker demand in medical and gaming sectors, though customer diversification improved in Europe and Korea. Strategic Direction: The Company continues to invest in curved and lar...

Wetouch Technology Inc.'s (NASDAQ:WETH) strong earnings report was rewarded with a positive stock price move. We have done some analysis, and we found several positive factors beyond the profit numbers. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. This ratio tells us how much of a company's profit is not backed by free cashflow. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. For the year to June 2025, Wetouch Technology had an accrual ratio of -0.15. Therefore, its statutory earnings were very significantly less than its free cashflow. In fact, it had free cash flow of US$11m in the last year, which was a lot more than its statutory profit of US$7.58m. Notably, Wetouch Technology had negative free cash flow last year, so the US$11m it produced this year was a welcome improvement. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Wetouch Technology. As we discussed above, Wetouch Technology has perfectly satisfactory free cash flow relative to profit. Based on this observation, we consider it likely that Wetouch Technology's statutory profit actually understates its earnings potential! And the EPS is up 65% over the last twelve months. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. To help with this, we've discovered 3 warning signs (1 is significant!) that you ought to be aware of before buying any shares in Wetouch Technology. This note has only looked at a single factor that sheds light on the nature of Wetouch Technology's p...

CHENGDU, CN / ACCESS Newswire / October 9, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a global leader in touch display solutions, today announced its financial results for the first half of fiscal year 2025 ended June 30, 2025. First Half Fiscal Year 2025 Financial Highlights Total Revenue: $27.7 million, an increase of 2.2% compared with $27.1 million in the first half of fiscal 2024. Gross Profit: $9.8 million, up 18.9% from $8.2 million in the same period of 2024. Gross Margin: Expanded to 35.2%, compared with 30.2%, representing an expansion of 500 basis points year-over-year. Net Income: $4.8 million, up 45.5% from $3.3 million in the first half of 2024. Basic Earnings Per Share (EPS):$0.40 vs. $0.27. Operating Cash Flow: Positive $4.7 million, compared with negative $5.3 million in the first half of 2024. Cash Reserves: $110.5 million as of June 30, 2025, compared with $98.4 million a year ago, equivalent to approximately $9.26 per share. Total Volume Shipped: 1.38 million units, an increase of 8.9% year-over-year. Shareholders' Equity: Reached $131.8 million as of June 30, 2025, compared with $122.5 million, an increase of 7.6% year-over-year. Management Commentary "We are pleased to see that WeTouch has maintained strong profitability through the first half of fiscal 2025," said Zongyi Lian, CEO of WeTouch Technology Inc. "Our gross margin reached 35.2%, returning to the same level as in 2023, as the Company successfully overcame external challenges such as raw material cost fluctuations and supply chain volatility. Operating cash flow also turned positive, underscoring the improvement in both profitability and operational efficiency. Domestic sales in China rose by 8.7% year-over-year and became the main driver of overall growth." Mr. Lian continued, "During the second quarter, WeTouch secured new customers, launched multiple new projects, and made steady progress on the construction of its new Chengdu production facility. These initiatives have laid a solid foundation for sustainable growth in the coming quarters. With shareholders' equity now exceeding $130 million and cash reserves of $110.5 million, WeTouch remains financially strong and well-positioned to execute its strategic expansion plan. Despite this solid financial foundation, the Company's stock continues to trade significantly below its intrinsic value. T...

Fiscal Year 2025 First Quarter Revenue Reaches $15.3 Million; Net Income Jumps to $2.6 Million, Up 316.7% Year-over-Year CHENGDU, CN / ACCESS Newswire / October 7, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a global leader in touch display solutions, today announced its financial results for the first quarter of fiscal year 2025 ended March 31, 2025. First Quarter Fiscal Year 2025 Financial Highlights Total Revenue: Reached $15.3 million, an increase of 2.7% compared to $14.9 million in the first quarter of fiscal 2024. Gross Profit: Reached $5.6 million, representing a 69.7% increase year-over-year. Gross Margin: Expanded sharply to 36.9%, compared with 22.4% in the same quarter of 2024. Net Income: Surged to $2.6 million, compared with $0.6 million in the first quarter of fiscal 2024, an increase of 316.7%. Cash Reserves: $106.4 million as of March 31, 2025 (equivalent to approximately $8.9 per share), up from $94.8 million as of March 31, 2024. Overseas Market Revenue: $5.0 million, representing 32.7% of total revenue, compared with $5.5 million, or 36.9% of total revenue, in the first quarter of fiscal 2024. Total Volume Shipped: 762,545 units, an increase of 11.9% year-over-year. Shareholders' Equity: Increased to $127.9 million as of March 31, 2025, from $120.5 million a year ago. Operating Cash Flow: Positive $2.0 million, compared to negative $9.2 million in the same quarter of fiscal 2024. Management Commentary "We are highly encouraged by the strong profitability achieved in the first quarter of fiscal 2025," said Zongyi Lian, CEO of WeTouch Technology Inc. "We are pleased to see that our gross margin in fiscal 2025 has already returned to the same level as in 2023, driven by supply chain normalization, increased orders from major international customers, and continued improvements in operational efficiency. Gross margin rose to 36.9% from 22.4% a year ago, demonstrating that the Company has overcome challenges from raw material cost fluctuations, while selling expenses decreased by 80% year-over-year, further underscoring stronger efficiency and profitability. These results clearly reflect the effectiveness of our strategic initiatives and disciplined cost management. In addition, the Company has completed its Form 10-K filing and is working diligently to remain in full compliance with Nasdaq requirements. We are in...

The market rallied behind Wetouch Technology Inc.'s (NASDAQ:WETH) stock, leading do a rise in the share price after its recent weak earnings report. We think that shareholders might be missing some concerning factors that our analysis found. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. Over the twelve months to December 2024, Wetouch Technology recorded an accrual ratio of 0.28. Unfortunately, that means its free cash flow was a lot less than its statutory profit, which makes us doubt the utility of profit as a guide. To wit, it produced free cash flow of US$797k during the period, falling well short of its reported profit of US$6.03m. Wetouch Technology shareholders will no doubt be hoping that its free cash flow bounces back next year, since it was down over the last twelve months. The good news for shareholders is that Wetouch Technology's accrual ratio was much better last year, so this year's poor reading might simply be a case of a short term mismatch between profit and FCF. As a result, some shareholders may be looking for stronger cash conversion in the current year. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Wetouch Technology. Wetouch Technology's accrual ratio for the last twelve months signifies cash conversion is less than ideal, which is a negative when it comes to our view of its earnings. Because of this, we think that it may be that...

Fiscal Year 2024 Net Income of $6.0 Million, Cash $103.7 Million ($8.7 per share); Fiscal Year 2025 Guidance: Revenue approximately $46.15 million, Net Income approximately $11.88 million, +97% CHENGDU, CN / ACCESS Newswire / September 10, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a leading innovator in the global touchscreen display industry, today announced its financial results for the fiscal year ended December 31, 2024. "WeTouch delivered solid performance in fiscal year 2024, achieving record revenue of $42.3 million, with continued shipment growth in core applications such as automotive and gaming. We further expanded our customer base in Japan, South Korea, Europe, and North America, fully validating the effectiveness of our technology advantages and market strategy. Despite external challenges, the Company demonstrated resilience and continued to strengthen its leadership position in the large-format touchscreen industry," said Mr. Zongyi Lian, CEO of WeTouch Technology Inc. Fiscal Year 2024 Financial Highlights Revenue: $42.3 million, an increase of 6.5% from $39.7 million in 2023, primarily driven by higher shipments in automotive and gaming applications, supported by an expanded customer base in Japan, South Korea, Europe, and North America. Gross Profit: $13.6 million, a decrease of 20.9% from $17.2 million in 2023. Gross margin was 32.2%, compared with 43.3% in 2023. The decline was mainly due to price volatility of key raw materials (IC chips, control cards, FPC), increased labor costs from workforce expansion, and additional investments in large-format product production. Net Income: $6.0 million, compared with $8.3 million in 2023, representing a decrease of 27.7%, reflecting the impact of rising costs despite steady revenue growth. Shipment Volume: 2,060,870 units, up 4.8% from 1,967,316 units in 2023. Cash: A strong cash reserve of $103.7 million (equivalent to $8.7 per share). Domestic vs. International Sales: Domestic sales accounted for 64.7% of total revenues, while international sales accounted for 35.3%. Overseas sales were $14.9 million in 2024, compared with $12.1 million in 2023. Market and Business Overview WeTouch specializes in the research, development, and manufacturing of large-format projected capacitive touchscreens, ranging from 7.0 to 42 inches. The Company's products are widely used in f...

CHENGDU, CHINA / ACCESS Newswire / June 9, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a global leader in touch display solutions, today pre-announced its expected financial results for the first quarter of fiscal year 2025 ended March 31, 2025. The Company anticipates first quarter revenue of approximately $15.3 million, a modest increase of 2.84% from $14.88 million in the same period last year. Gross profit is expected to reach $5.15 million, representing a 54.2% increase year-over-year, while net income is projected to be approximately $3.89 million, a significant rise of 594.6% from $0.56 million in the prior-year period. Gross Margin Normalization Highlights Operating Resilience and Strategic Cost Discipline WeTouch expects a gross margin of 33.6% in the first quarter, up from 22.4% a year earlier. This improvement reflects the Company's disciplined cost management, enhanced procurement strategy, and stable product pricing environment. The margin level aligns with what management views as a normalized and sustainable range, underscoring the Company's operational resilience amid broader supply chain and industry fluctuations. "We are encouraged by the strong profitability metrics in the first quarter of fiscal 2025," said Zongyi Lian, CEO of WeTouch Technology. "Our ability to enhance gross margin while delivering steady revenue growth is a testament to the strategic measures we've taken to strengthen supply chain efficiency and maintain pricing discipline. We remain focused on delivering long-term value by advancing our core technologies and deepening our presence in both domestic and international markets." Looking Ahead WeTouch will continue to focus on technological breakthroughs in key application areas such as industrial control, automotive displays, and intelligent interaction. The Company will deepen its collaboration with internationally renowned brand customers in Europe and Japan, and further advance its global market expansion strategy. WeTouch will also continue to invest in next-generation touch display technologies and product differentiation to strengthen its leadership position in the global touch display industry. About WeTouch Technology Inc.: WeTouch Technology Inc. is a leading provider of high-quality touch display solutions, committed to revolutionizing human-machine interaction across various indust...