WETH
Wetouch Technology Inc.
Price Chart
Latest Quote
$1.69
Current Price| Previous Close | $1.62 |
| Open | $1.66 |
| Day High | $1.77 |
| Day Low | $1.61 |
| Volume | 42,673 |
Stock Information
| Shares Outstanding | 11.93M |
| Total Debt | $666K |
| Cash Equivalents | $113.19M |
| Revenue | $43.52M |
| Net Income | $7.44M |
| Sector | Technology |
| Industry | Electronic Components |
| Market Cap | $20.16M |
| P/E Ratio | 2.73 |
| EPS (TTM) | $0.62 |
| Exchange | NCM |
đ Custom Metrics & Score
Score: 18/42| Debt to Equity | 0.01 |
| Debt to Earnings | 0.08 |
| Current Ratio | 38.68 |
| Quick Ratio | 37.73 |
| Avg Revenue Growth | 0.92% |
| Profit Margin | 14.26% |
| Return on Equity | 4.84% |
| Avg FCF Growth | -16.54% |
| FCF Yield | 3.95% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $1.69 | 42,700 |
| 2026-01-30 | $1.62 | 66,800 |
| 2026-01-29 | $1.77 | 70,800 |
| 2026-01-28 | $1.84 | 34,400 |
| 2026-01-27 | $1.72 | 25,400 |
| 2026-01-26 | $1.68 | 50,100 |
| 2026-01-23 | $1.69 | 29,300 |
| 2026-01-22 | $1.71 | 40,800 |
| 2026-01-21 | $1.79 | 72,100 |
| 2026-01-20 | $1.85 | 90,700 |
| 2026-01-16 | $1.78 | 54,900 |
| 2026-01-15 | $1.78 | 14,900 |
| 2026-01-14 | $1.75 | 8,400 |
| 2026-01-13 | $1.75 | 29,100 |
| 2026-01-12 | $1.88 | 50,600 |
| 2026-01-09 | $1.90 | 83,100 |
| 2026-01-08 | $1.70 | 42,000 |
| 2026-01-07 | $1.57 | 56,900 |
| 2026-01-06 | $1.53 | 74,400 |
| 2026-01-05 | $1.53 | 30,100 |
About Wetouch Technology Inc.
Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large-sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI. Wetouch Technology Inc. was founded in 2011 and is headquartered in Meishan, China.
đ° Latest News
Returns On Capital At Wetouch Technology (NASDAQ:WETH) Paint A Concerning Picture
Simply Wall St. âĸ 2026-01-07T14:38:45Z
Shareholders Can Be Confident That Wetouch Technology's (NASDAQ:WETH) Earnings Are High Quality
Simply Wall St. âĸ 2025-10-18T13:40:30Z
Wetouch Technology's (NASDAQ:WETH) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Simply Wall St. âĸ 2025-09-24T11:41:32Z
There Are Reasons To Feel Uneasy About Wetouch Technology's (NASDAQ:WETH) Returns On Capital
Simply Wall St. âĸ 2025-07-17T10:12:14Z
Wetouch Technology (NASDAQ:WETH) May Have Issues Allocating Its Capital
Simply Wall St. âĸ 2025-02-06T13:11:18Z
Income Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $28,673,574 | $22,515,219 | $23,872,632 | $22,354,492 |
| Cost Of Revenue | $28,673,574 | $22,515,219 | $23,872,632 | $22,354,492 |
| Total Revenue | $42,280,373 | $39,705,939 | $37,923,112 | $40,785,474 |
| Operating Revenue | $42,280,373 | $39,705,939 | $37,923,112 | $40,785,474 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $1,169,974 | $252,325 | $224,885 | $27,450 |
| Total Expenses | $32,962,966 | $27,055,655 | $26,508,443 | $27,465,897 |
| Other Income Expense | $389,079 | $-168,741 | $774,750 | $8,407,894 |
| Other Non Operating Income Expenses | $10,708 | $-47,328 | $-96,927 | - |
| Net Non Operating Interest Income Expense | $-1,017,638 | $-134,606 | $-106,171 | $68,084 |
| Interest Expense Non Operating | $1,169,974 | $252,325 | $224,885 | $27,450 |
| Operating Expense | $4,289,392 | $4,540,436 | $2,635,811 | $5,111,405 |
| Selling And Marketing Expense | $752,795 | $608,524 | $1,288,467 | $630,503 |
| General And Administrative Expense | $3,536,597 | $3,847,361 | $1,262,093 | $5,086,480 |
| Other Operating Expenses | - | - | - | $-695,055 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $6,031,158 | $8,264,331 | $8,730,446 | $17,385,966 |
| Net Interest Income | $-1,017,638 | $-134,606 | $-106,171 | $68,084 |
| Interest Income | $152,336 | $117,719 | $118,714 | $95,534 |
| Normalized Income | $5,768,521 | $8,345,556 | $8,100,224 | $10,676,467 |
| Net Income From Continuing And Discontinued Operation | $6,031,158 | $8,264,331 | $8,730,446 | $17,385,966 |
| Total Operating Income As Reported | $9,317,407 | $12,650,284 | $11,414,669 | $12,624,522 |
| Net Income Common Stockholders | $6,031,158 | $8,264,331 | $8,730,446 | $17,385,966 |
| Net Income | $6,031,158 | $8,264,331 | $8,730,446 | $17,385,966 |
| Net Income Including Noncontrolling Interests | $6,031,158 | $8,264,331 | $8,730,446 | $17,385,966 |
| Net Income Continuous Operations | $6,031,158 | $8,264,331 | $8,730,446 | $17,385,966 |
| Pretax Income | $8,688,848 | $12,346,937 | $12,083,248 | $21,795,555 |
| Interest Income Non Operating | $152,336 | $117,719 | $118,714 | $95,534 |
| Operating Income | $9,317,407 | $12,650,284 | $11,414,669 | $13,319,577 |
| Gross Profit | $13,606,799 | $17,190,720 | $14,050,480 | $18,430,982 |
| Special Income Charges | - | - | $0 | $7,648,423 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | - | $0.89 | $4.73 | $11.00 |
| Basic EPS | - | $0.89 | $5.38 | $11.00 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $115,734 | $-40,188 | $241,455 | $1,698,395 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $9,588,643 | $12,730,078 | $11,446,347 | $13,796,278 |
| Total Unusual Items | $378,371 | $-121,413 | $871,677 | $8,407,894 |
| Total Unusual Items Excluding Goodwill | $378,371 | $-121,413 | $871,677 | $8,407,894 |
| Reconciled Depreciation | $108,192 | $9,403 | $9,891 | $381,167 |
| EBITDA (Bullshit earnings) | $9,967,014 | $12,608,665 | $12,318,024 | $22,204,172 |
| EBIT | $9,858,822 | $12,599,262 | $12,308,133 | $21,823,005 |
| Diluted NI Availto Com Stockholders | $6,031,158 | $8,264,331 | $8,730,446 | $17,385,966 |
| Tax Provision | $2,657,690 | $4,082,606 | $3,352,802 | $4,409,589 |
| Gain On Sale Of Security | $378,371 | $-121,413 | $871,677 | $759,471 |
| Research And Development | $0 | $84,551 | $85,251 | $89,477 |
| Selling General And Administration | $4,289,392 | $4,455,885 | $2,550,560 | $5,716,983 |
| Other Gand A | $3,536,597 | $3,847,361 | $1,262,093 | $1,937,374 |
| Diluted Average Shares | - | $9,375,105 | $1,843,767 | $1,632,658 |
| Basic Average Shares | - | $9,285,815 | $1,620,511 | $1,590,576 |
| Gain On Sale Of Ppe | - | - | $0 | $7,648,423 |
| Salaries And Wages | - | - | $0 | $3,149,106 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $124,585,665 | $112,920,610 | $68,834,187 | $64,308,008 |
| Total Assets | $128,019,463 | $119,641,398 | $73,105,752 | $68,678,318 |
| Total Non Current Assets | $13,879,602 | $12,859,863 | $10,923,610 | $11,833,302 |
| Non Current Deferred Assets | $41,397 | $0 | - | - |
| Non Current Deferred Taxes Assets | $41,397 | $0 | - | - |
| Current Assets | $114,139,861 | $106,781,535 | $62,182,142 | $56,845,016 |
| Prepaid Assets | $2,683,900 | $926,715 | $960,004 | $922,383 |
| Inventory | $112,327 | $222,102 | $423,276 | $244,381 |
| Receivables | $7,583,310 | $7,527,362 | $9,466,743 | $8,355,548 |
| Other Receivables | $78,680 | $72,110 | $53,520 | $56,936 |
| Accounts Receivable | $7,504,630 | $7,455,252 | $9,057,741 | $7,991,037 |
| Allowance For Doubtful Accounts Receivable | $0 | $0 | $0 | $0 |
| Gross Accounts Receivable | $7,504,630 | $7,455,252 | $9,057,741 | $7,991,037 |
| Cash Cash Equivalents And Short Term Investments | $103,760,324 | $98,040,554 | $51,250,505 | $46,163,704 |
| Cash And Cash Equivalents | $103,760,324 | $98,040,554 | $51,250,505 | $46,163,704 |
| Cash Financial | $103,760,324 | $98,040,554 | $51,250,505 | $46,163,704 |
| Other Current Assets | - | $64,802 | $81,614 | $159,000 |
| Taxes Receivable | - | $0 | $355,482 | $307,575 |
| Current Deferred Assets | - | - | $0 | $1,000,000 |
| Goodwill And Other Intangible Assets | - | - | - | $0 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Debt | $1,054,145 | $1,708,717 | $1,663,073 | $2,030,550 |
| Long Term Debt And Capital Lease Obligation | $482,606 | $0 | - | - |
| Current Debt And Capital Lease Obligation | $571,539 | $1,708,717 | $1,663,073 | $2,030,550 |
| Current Debt | - | $1,708,717 | $1,663,073 | $2,030,550 |
| Other Current Borrowings | - | $1,708,717 | $1,663,073 | $2,030,550 |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $3,433,798 | $6,720,788 | $4,271,565 | $4,370,310 |
| Total Non Current Liabilities Net Minority Interest | $482,606 | $378,371 | $256,957 | $1,128,635 |
| Derivative Product Liabilities | $0 | $378,371 | $256,957 | $1,128,635 |
| Current Liabilities | $2,951,192 | $6,342,417 | $4,014,608 | $3,241,675 |
| Other Current Liabilities | $248,836 | $288,704 | $143,803 | $131,159 |
| Current Deferred Liabilities | $166,535 | $182,277 | $397,886 | $59,111 |
| Payables And Accrued Expenses | $1,964,282 | $4,162,719 | $1,809,846 | $1,020,855 |
| Interest Payable | $0 | $240,805 | $122,135 | $20,795 |
| Payables | $1,723,182 | $783,830 | $1,598,352 | $900,718 |
| Total Tax Payable | $309,990 | $143,035 | $22,413 | $65,463 |
| Accounts Payable | $1,263,981 | $640,795 | $1,383,094 | $800,586 |
| Income Tax Payable | - | $0 | $22,152 | $65,463 |
| Other Payable | - | - | $191,180 | - |
| Non Current Deferred Liabilities | - | - | - | $0 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $124,585,665 | $112,920,610 | $68,834,187 | $64,308,008 |
| Total Equity Gross Minority Interest | $124,585,665 | $112,920,610 | $68,834,187 | $64,308,008 |
| Stockholders Equity | $124,585,665 | $112,920,610 | $68,834,187 | $64,308,008 |
| Gains Losses Not Affecting Retained Earnings | $-2,557,321 | $-80,340 | $3,063,437 | $7,332,411 |
| Other Equity Adjustments | $-2,557,321 | $-80,340 | $3,063,437 | $7,332,411 |
| Retained Earnings | $74,629,374 | $69,477,092 | $62,366,892 | $54,610,164 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Ordinary Shares Number | $11,931,534 | $9,732,948 | $1,680,248 | $1,590,576 |
| Share Issued | $11,931,534 | $9,732,948 | $1,680,248 | $1,590,576 |
| Tangible Book Value | $124,585,665 | $112,920,610 | $68,834,187 | $64,308,008 |
| Invested Capital | $124,585,665 | $114,629,327 | $70,497,260 | $66,338,558 |
| Working Capital | $111,188,669 | $100,439,118 | $58,167,534 | $53,603,341 |
| Capital Lease Obligations | $1,054,145 | $0 | - | - |
| Total Capitalization | $124,585,665 | $112,920,610 | $68,834,187 | $64,308,008 |
| Additional Paid In Capital | $52,501,680 | $43,514,125 | $3,402,178 | $2,333,621 |
| Capital Stock | $11,932 | $9,733 | $1,680 | $31,812 |
| Common Stock | $11,932 | $9,733 | $1,680 | $31,812 |
| Long Term Capital Lease Obligation | $482,606 | $0 | - | - |
| Current Deferred Revenue | $166,535 | $182,277 | $397,886 | $59,111 |
| Current Capital Lease Obligation | $571,539 | $0 | - | - |
| Current Accrued Expenses | $241,100 | $3,378,889 | $211,494 | $120,137 |
| Dueto Related Parties Current | $149,211 | $0 | $1,665 | $34,669 |
| Net PPE | $13,838,205 | $12,859,863 | $10,923,610 | $11,833,302 |
| Accumulated Depreciation | $-32,378 | $-23,348 | $-14,381 | $-5,117 |
| Gross PPE | $13,870,583 | $12,883,211 | $10,937,991 | $11,838,419 |
| Construction In Progress | $12,755,791 | $12,825,896 | $10,883,051 | $11,778,957 |
| Other Properties | $1,055,208 | - | - | - |
| Machinery Furniture Equipment | $47,786 | $45,185 | $42,453 | $45,948 |
| Buildings And Improvements | $11,798 | $12,130 | $12,487 | $13,514 |
| Properties | $0 | $0 | $0 | $0 |
| Pensionand Other Post Retirement Benefit Plans Current | - | $84,280 | $89,359 | $99,342 |
| Treasury Shares Number | - | - | $0 | $0 |
| Non Current Deferred Revenue | - | - | - | $0 |
| Duefrom Related Parties Current | - | - | - | $0 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $797,248 | $10,460,840 | $8,586,243 | $2,355,986 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $1,069,078 | $12,724,389 | $8,586,243 | $14,051,434 |
| Cash Flow From Continuing Operating Activities | $1,069,078 | $12,724,389 | $8,586,243 | $14,051,435 |
| Operating Gains Losses | $-378,371 | $121,413 | $-774,750 | $-8,407,894 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-271,830 | $-2,263,549 | - | $-11,695,448 |
| Investing Cash Flow | $-271,830 | $-2,263,549 | $0 | $6,163,628 |
| Cash Flow From Continuing Investing Activities | $-271,830 | $-2,263,549 | $0 | $6,163,628 |
| Net Other Investing Changes | - | - | - | $17,859,076 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Issuance Of Capital Stock | $8,989,754 | $40,000,000 | $0 | - |
| Financing Cash Flow | $7,589,004 | $39,945,000 | $-652,635 | $1,863,000 |
| Cash Flow From Continuing Financing Activities | $7,589,004 | $39,945,000 | $-652,635 | $1,863,000 |
| Net Common Stock Issuance | $8,989,754 | $40,000,000 | $0 | - |
| Common Stock Issuance | $8,989,754 | $40,000,000 | $0 | - |
| Net Other Financing Charges | - | - | $385,791 | $-162,000 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-1,400,750 | $-55,000 | $-1,038,426 | $0 |
| Interest Paid Supplemental Data | $1,186,210 | $0 | $10,000 | $0 |
| Income Tax Paid Supplemental Data | $2,890,222 | $4,104,184 | $3,391,137 | $3,774,917 |
| End Cash Position | $103,760,324 | $98,040,554 | $51,250,505 | $46,163,704 |
| Beginning Cash Position | $98,040,554 | $51,250,505 | $46,163,704 | $23,963,861 |
| Effect Of Exchange Rate Changes | $-2,666,482 | $-3,615,791 | $-2,846,807 | $121,781 |
| Changes In Cash | $8,386,252 | $50,405,840 | $7,933,608 | $22,078,062 |
| Net Issuance Payments Of Debt | $-1,400,750 | $-55,000 | $-1,038,426 | $2,025,000 |
| Net Short Term Debt Issuance | $-1,400,750 | $-55,000 | $-1,038,426 | $2,025,000 |
| Short Term Debt Payments | $-1,400,750 | $-55,000 | $-1,038,426 | $0 |
| Net PPE Purchase And Sale | $-271,830 | $-2,263,549 | $0 | $-11,695,448 |
| Purchase Of PPE | $-271,830 | $-2,263,549 | $0 | $-11,695,448 |
| Change In Working Capital | $-4,797,351 | $4,295,587 | $398,188 | $1,254,959 |
| Change In Other Working Capital | $-41,993 | - | - | $-728,818 |
| Change In Other Current Liabilities | $-98,387 | $0 | - | - |
| Change In Payables And Accrued Expense | $-2,544,016 | $2,343,169 | $1,239,452 | $-1,026,821 |
| Change In Accrued Expense | $-3,343,142 | $3,071,108 | $661,203 | $-233,882 |
| Change In Payable | $799,126 | $-727,939 | $578,249 | $-792,939 |
| Change In Account Payable | $649,915 | $-704,696 | $637,372 | $-167,186 |
| Change In Tax Payable | $0 | $-21,578 | $-41,068 | $-50,424 |
| Change In Income Tax Payable | $0 | $-21,578 | $-41,068 | $-50,424 |
| Change In Prepaid Assets | $-1,771,602 | $333,415 | $853,426 | $-2,258,602 |
| Change In Inventory | $50,328 | $187,532 | $-197,453 | $190,490 |
| Change In Receivables | $-391,681 | $1,431,471 | $-1,497,237 | $5,078,710 |
| Changes In Account Receivables | $-256,681 | $1,347,497 | $-1,497,237 | $4,994,861 |
| Other Non Cash Items | $5,715 | $33,655 | $148,368 | $8,549 |
| Provisionand Write Offof Assets | $99,735 | $0 | - | - |
| Depreciation Amortization Depletion | $108,192 | $9,403 | $9,891 | $381,167 |
| Depreciation And Amortization | $108,192 | $9,403 | $9,891 | $381,167 |
| Depreciation | $108,192 | $9,403 | - | - |
| Gain Loss On Investment Securities | $-378,371 | $121,413 | $-774,750 | $-759,471 |
| Net Income From Continuing Operations | $6,031,158 | $8,264,331 | $8,730,446 | $17,385,966 |
| Asset Impairment Charge | - | $0 | $74,100 | $-76,492 |
| Issuance Of Debt | - | - | $0 | $2,025,000 |
| Short Term Debt Issuance | - | - | $0 | $2,025,000 |
| Stock Based Compensation | - | - | $0 | $3,149,106 |
| Deferred Tax | - | - | $0 | $356,073 |
| Deferred Income Tax | - | - | $0 | $356,073 |