WETH

Revenue Increases 9.4% and Net Income Rises 25.5% Year-over-Year; Earnings Per Share Reaches $0.50 CHENGDU, China, Aug. 17, 2026 (GLOBE NEWSWIRE) -- WeTouch Technology Inc. (NASDAQ: WETH) (“WeTouch” or the “Company”), a global provider of touch display solutions, today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026. Revenue growth was supported by continued expansion across the Company’s core markets, while its overseas business maintained positive momentum as the Company continued to develop new markets and channels. First Half Fiscal Year 2026 Financial Highlights Total Revenue: $30.3 million, an increase of 9.4% from $27.7 million in the first half of fiscal year 2025. Gross Profit: $10.7 million, up 9.8% from $9.8 million in the first half of fiscal year 2025. Gross Margin: 35.3%, compared with 35.2% in the first half of fiscal year 2025. Income from Operations: $8.3 million, up 16.9% from $7.1 million in the first half of fiscal year 2025. Net Income: $6.0 million, up 25.5% from $4.8 million in the first half of fiscal year 2025. Basic and Diluted Earnings Per Share: $0.50, compared with $0.40 in the first half of fiscal year 2025. Operating Cash Flow: $5.5 million, compared with $4.7 million in the first half of fiscal year 2025. Cash Reserves: $127.5 million as of June 30, 2026, compared with $110.5 million as of June 30, 2025. Overseas Revenue: $9.7 million, an increase of 7.8% from $9.0 million in the first half of fiscal year 2025. Total Volume Shipped: approximately 1.43 million units, an increase of 3.5% from approximately 1.38 million units in the first half of fiscal year 2025. Stockholders’ Equity: $148.8 million as of June 30, 2026, compared with $131.8 million as of June 30, 2025. Management Commentary “WeTouch delivered solid growth in the first half of fiscal year 2026, with revenue increasing 9.4% and net income increasing 25.5% year-over-year,” said Zongyi Lian, Chief Executive Officer of WeTouch Technology Inc. “The results reflect steady demand across our core end markets, disciplined cost management and continued operating efficiency. We achieved growth across all major product categories, led by automotive and medical touchscreen applications. Our overseas business also maintained positive momentum, supported by continued investment in new market channels and customer development. Recent business initiatives in Japan and Singapore further demonstrate the Company’s progress in expanding its international market coverage.” “Looking ahead, WeTouch will continue to build on its core touch display capabilities and advance from a component supplier toward a provider of integrated touch display modules and professional solutions, while exploring opportunities in intelligent hardware, robotics and AI-enabled terminals.” Mr. Lian continued, “The recently announced special cash dividend represents an initial step toward developing a more balanced capital allocation and stockholder return framework. We recognize the importance of balancing shareholder returns with continued investment in growth opportunities. Going forward, our Board and management will continue to evaluate appropriate ways to enhance shareholder value, which may include potential dividends, share repurchases and other capital return measures, taking into account the Company’s cash position, operating needs, growth strategy, market conditions and applicable legal and regulatory requirements. In addition, the proposed strategic investment by entities affiliated with our management and controlling shareholder, which remains subject to shareholder approval and other customary closing conditions, is intended to strengthen WeTouch’s capital base and support the Company’s long-term strategic development. We believe the proposed investment and related lock-up arrangements reflect management’s confidence in the Company’s future and further align management’s interests with those of shareholders. We also recognize the importance of transparent communication with shareholders and encourage shareholders to review the Company’s proxy materials carefully before making their voting decision.” Business and Strategic Outlook Core Business Growth: Continue strengthening the Company’s position in automotive, industrial control, point-of-sale, gaming, medical and other specialized touchscreen applications. Overseas Market Expansion: Continue investing in regional channels, customer development and project-based cooperation in Asia and other international markets, including ongoing initiatives involving Japan and Singapore. Solutions and Integration: Further develop touch display modules, customized solutions and system-integration capabilities to increase value delivered to customers. Intelligent Hardware Opportunities: Explore applications in intelligent terminals, robotics and other AI-enabled hardware that can leverage the Company’s touch display, human-machine interaction and manufacturing capabilities. About WeTouch Technology Inc. WeTouch Technology Inc. is a global provider of medium- to large-sized projected capacitive touchscreens and touch display solutions. The Company’s products are used in a broad range of applications, including automotive, industrial control, point-of-sale terminals, gaming and lottery equipment, medical devices, multi-functional printers and other specialized human-machine-interface applications. WeTouch is committed to expanding from core touch display components toward integrated modules, professional solutions and intelligent hardware applications. For additional information, please visit the Company’s website at http://en.usa-wetouch.com/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among other things, statements regarding the Company’s business strategy, overseas market expansion, channel development, product and solution development, intelligent hardware opportunities, future growth and operating plans. These statements are based on management’s current expectations and assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. Additional information regarding these and other risks and uncertainties is included in the Company’s filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. The Company undertakes no obligation to update any forward-looking statement, except as required by applicable law. Investor and Media Contact Horizon Research Management ConsultancyMichael WeiEmail: [email protected]

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 2027 and production to commence by the end of 2027. The significant increase in earnings per share reflects improved profitability on a per-share basis, while our strong cash position and disciplined operations provide the Company with the flexibility to execute on growth initiatives, invest in product and capacity expansion, and support the creation of long-term shareholder value over time." Market and Business Overview China Market: Revenue from the PRC reached $11.0 million, representing 67.5% of total revenue, driven by strong demand for high-end touchscreens in automotive and industrial segments. Overseas Market: Revenue from international markets totaled $5.3 million, or 32.5% of total revenue, reflecting modest growth led by automotive, gaming, and industrial control touchscreen segments, with Taiwan and South Korea as key contributors. Product Mix: The Company continued to shift production toward higher-margin, high-end touchscreens, including automotive, industrial control, POS, medical, and multifunctional printer applications. Outlook Looking ahead, WeTouch expects continued demand in its established markets, including industrial automation, automotive and smart cockpit displays, self-service terminals, and other specialized touchscreen applications. At the same time, the Company is actively exploring the broader intelligent technology market, such as smart interactive terminals, AI-driven human-machine collaboration interfaces, and intelligent device control systems, representing significant long-term growth potential at the intersection of technology and human-machine interaction. WeTouch will continue to focus on customer expansion, operational efficiency, and technology development, while optimizing its product portfolio to support sustainable long-term growth and capture opportunities in emerging smart applications. About Wetouch Technology Inc. Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally. For additional information, please visit the Company's website at: http://en.usa-Wetouch.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Wetouch's control, which may cause Wetouch's actual results, performance or achievements to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Wetouch's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Wetouch does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact:Email: [email protected] SOURCE: Wetouch Technology Inc. View the original press release on ACCESS Newswire

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-Film-Film ("GFF"), Plastic-Glass ("PG"), and Glass-Film ("GF"), serving a range of end markets and customer requirements, including smart cockpit, industrial automation, intelligent equipment interfaces and other specialized touch display applications. Through its PRC operating subsidiary, Sichuan Vtouch Technology Co., Ltd., the Company has obtained certifications including ISO9001 Quality Management System certification, ISO14001 Environmental Management System certification and RoHS SGS certification. For fiscal year 2025, sales in the PRC accounted for approximately 68.5% of total revenue, while overseas sales accounted for approximately 31.5%. Overseas revenue was derived primarily from Taiwan and South Korea, and from other markets like Europe. Domestic demand in China remained an important source of revenue, while overseas demand continued to come from selected higher-end and application-specific customer markets. Management Commentary "In 2025, we also continued serving customers in China and selected international markets, including Japan, South Korea, Europe and North America, while further deepening relationships with major customers such as Siemens," said Mr. Zongyi Lian. "We believe this broader customer reach, together with our progress in selected higher-end and application-specific touch display markets, has strengthened our long-term business foundation. Looking ahead, we believe continued demand across smart cockpit and automotive display applications, gaming, industrial automation and control interfaces, self-service terminals, intelligent equipment interfaces and other specialized touch display applications, together with our continued focus on customer expansion, product capability enhancement and operational efficiency, may support the Company's long-term growth." About Wetouch Technology Inc. Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally. For additional information, please visit the Company's website at: http://en.usa-Wetouch.com/" Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Wetouch's control, which may cause Wetouch's actual results, performance or achievements to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Wetouch's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Wetouch does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact: Email: [email protected] SOURCE: Wetouch Technology Inc. View the original press release on ACCESS Newswire

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 large-format technologies and to enhance efficiency through automation and local supply chain optimization. 2025 Outlook: Management expects continued profitability, strong cash flow, and steady progress in capacity expansion, supported by solid financial fundamentals and a growing domestic market presence. About WeTouch Technology Inc. Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally. For additional information, please visit: WeTouch Technology Inc.at http://en.usa-wetouch.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact: Email: [email protected] SOURCE: Wetouch Technology Inc. View the original press release on ACCESS Newswire

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 profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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. The Chengdu facility is on schedule for completion by the end of 2025, with mass production expected to commence in the second quarter of 2026. WeTouch will continue to focus on creating long-term value through disciplined execution and sustained profitability, while management actively explores strategic opportunities to further strengthen competitiveness and enhance shareholder returns." Market Expansion and Strategic Outlook China Market: Unit sales grew 14.5% year-over-year, with notable strength in East and South China. Overseas Market: Revenue declined 9.1% year-over-year, though customer structure in Europe and South Korea improved, laying groundwork for recovery. Strategic Priorities: Continued investment in curved and ultra-large-size touchscreen technologies; expansion into automotive electronics, professional gaming, and commercial display applications. About WeTouch Technology Inc. Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally. For additional information, please visit: WeTouch Technology Inc. at http://en.usa-wetouch.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact: Email: [email protected] SOURCE: Wetouch Technology Inc. View the original press release on ACCESS Newswire

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 discussions with several Fortune Global 500 multinational customers and will disclose key business developments promptly. With shareholder equity steadily rising to $127.9 million, WeTouch's stock continues to trade significantly below its intrinsic value. The Company remains focused on delivering long-term value through disciplined execution and sustained profitability, while management actively explores strategic opportunities to further strengthen competitiveness and enhance shareholder returns." Market Expansion and Strategic Outlook WeTouch continues to focus on breakthroughs in curved and ultra-large-size touch display technologies, strengthening its competitive edge in high-end automotive electronics, professional gaming equipment, and commercial display terminals. The Company is actively expanding collaborations with leading brand customers in Europe, Japan, South Korea, and Taiwan, while solidifying its leadership position in China. Looking ahead, WeTouch remains committed to: Driving sustainable growth through innovation in next-generation touch display technologies. Optimizing its product portfolio toward higher-margin categories such as industrial control computer touchscreens, POS systems, and multifunctional printer displays. Enhancing financial discipline to support expansion of its new production facility, with mass production expected to commence in the second quarter of 2026. About WeTouch Technology Inc. Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally. For additional information, please visit: WeTouch Technology Inc. at http://en.usa-wetouch.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact: Email: [email protected] SOURCE: Wetouch Technology Inc. View the original press release on ACCESS Newswire

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 Wetouch Technology's statutory profits are better than its underlying earnings power. In further bad news, its earnings per share decreased in the last year. 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. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Case in point: We've spotted 5 warning signs for Wetouch Technology you should be mindful of and 2 of them are a bit concerning. Today we've zoomed in on a single data point to better understand the nature of Wetouch Technology's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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 financial terminals, automotive displays, POS systems, gaming, lottery, medical devices, HMI, and other specialized industries. WeTouch has established a diversified customer base, including globally recognized institutional clients, and continues to strengthen its position in both China and international markets. In 2024, domestic sales accounted for 64.7% of total revenues, while international sales increased to 35.3% (up from 30.3% in 2023), highlighting the Company's growing penetration and competitiveness in developed markets such as Japan, South Korea, Germany, and the United States. Management Commentary "We also made strategic investments in workforce expansion and new product production, which had a short-term impact on gross margin but will enhance the Company's long-term competitiveness. As we continue to advance our internationalization strategy, deepen partnerships with globally renowned enterprise clients, and strengthen cost management, we are confident in our ability to gradually restore and improve profitability while meeting the growing demand for large-format touchscreens. While 2024 profitability was affected by raw material fluctuations, increased labor costs, and new product investments, we believe these pressures are temporary and expect conditions to gradually improve as supply chains stabilize and procurement costs normalize with scale," Mr. Lian continued. "While gross margin temporarily declined in 2024 compared to 2023, we have already seen a significant improvement in 2025, driven by supply chain normalization, increased orders from major international customers, and enhanced operational efficiency. Looking ahead, the Company's breakthroughs in curved and ultra-large-size touch display technologies continue to build differentiated competitive advantages in niche markets such as high-end automotive electronics, professional gaming equipment, and commercial display terminals, effectively expanding the boundaries of business growth. On the demand side, developed economies including Japan, South Korea, Europe, and North America are demonstrating resilient demand for high-end touch display products, creating broad incremental opportunities for the Company's global expansion." "Notably, the Company has provided clear fiscal year 2025 guidance: revenue is expected to reach approximately $46.15 million, representing a year-over-year increase of 9%; net income is expected to reach approximately $11.88 million, a significant increase of 97% year-over-year. This outlook not only highlights the efficiency of the Company's technology in converting into market competitiveness, but also underscores the strong momentum of its business growth. Based on this, We firmly believe that WeTouch's current market valuation remains significantly underestimated. From an operational fundamentals perspective, the Company maintains solid operating efficiency and sustainable profitability, while holding a strong cash reserve of $103.7 million (equivalent to $8.7 per share). This robust financial foundation not only provides sufficient resources to support strategic initiatives such as technology R&D and market expansion, but also enhances risk resilience during industry cycles, ultimately laying the cornerstone for maximizing long-term shareholder value, concluded Mr. Zongyi Lien. About WeTouch Technology Inc. Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally. For additional information, please visit: WeTouch Technology Inc.at http://en.usa-wetouch.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact: Horizon Research Management Consultancy Michael Wei, Email: [email protected] SOURCE: WeTouch Technology Inc. View the original press release on ACCESS Newswire

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 industries. With a focus on innovation and customer satisfaction, WeTouch delivers cutting-edge technology and unmatched performance in touch display solutions worldwide. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Wetouch's control, which may cause Wetouch's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Wetouch as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Wetouch's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Wetouch does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. For more information, please contact: Horizon IR Michael Wei, Email: [email protected] SOURCE: Wetouch Technology Inc. View the original press release on ACCESS Newswire