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Wetouch Technology Inc

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Wetouch Technology Inc (NASDAQ: WETH) is a Chinese touchscreen manufacturing company that researches, develops, manufactures, sells, and services medium to large-sized projected capacitive touchscreens. Revenue is generated through transactional sales of touchscreen units to customers across multiple end markets. Operations are concentrated in Sichuan Province, China, through wholly-owned subsidiary Sichuan Vtouch. The company shipped 2,195,542 touchscreen units in FY2025, generating $45.1 million in revenue, up 6.6% from $42.3 million in FY2024. Gross profit reached $14.4 million (31.8% margin) and net income was $7.2 million in FY2025. The company listed on the Nasdaq Capital Market under the symbol WETH on February 21, 2024, following a firm commitment public offering at $5.00 per share that generated $9.2 million in net proceeds. Manufacturing and office facilities totaling approximately 40,000 square meters are leased in Shigao Town, Renshou County, Meishan City, Sichuan Province, China, with leases expiring October 31, 2026.

Products & Services

Medium to large-sized projected capacitive touchscreens, including large-format models, for POS machines, car navigation and entertainment systems, ATMs, and industrial human-machine interface (HMI) applications. Products are marketed on durability attributes including anti-scratch, high-temperature resistance, and long use life.

Revenue Model

Transactional sales of projected capacitive touchscreen units across industrial, commercial, and automotive end markets. Revenue recognized under ASC 606.

Customers & Markets

End markets include retail POS (department stores, supermarkets, convenience stores, restaurants, hotels, banks), automotive GPS and entertainment systems, ATMs, and industrial HMI equipment. Specific customer names and concentration data are not disclosed in the filing excerpts.

Geographic Exposure

Substantially all operations are based in Sichuan Province, China. The company is incorporated in Nevada. Most cash is held in Renminbi in mainland China and is subject to PRC currency and dividend transfer restrictions.

Financial Snapshot

Revenue
TTM
$47.74M
Gross Margin
TTM
28.86%
Net Income
TTM
$8.387M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
3599.06%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$148.8M
Cash
2026 Q2
P/E
TTM
1.693
Free Cash Flow
TTM
-$898.6K

Stock Price

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Market Cap: $14.2 Million

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