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Wetouch Technology Inc.
WETHCIK 0001826660NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthComputer Peripheral Equipment, NecNevadaCNFY ends Dec 31
Period
FY 2025
Revenue
$45.14M
Net Income
$7.16M
Total Assets
$140.64M
Equity
$137.39M
Shares Out
11.93M
Op. Cash Flow
$7.39M
Business
Wetouch Technology Inc. designs, manufactures, and sells medium- to large-sized projected capacitive touchscreens (7 to 42 inches) in glass-glass, glass-film-film, plastic-glass, and glass-film configurations. Products serve automotive, industrial HMI, point-of-sale, gaming, lottery, medical, and financial terminal markets. The company operates through its subsidiary Sichuan Vtouch Technology Co., Ltd. in Mainland China, with majority domestic revenue and significant international revenue, serving customers in China, Taiwan, South Korea, Germany, and other countries.
Summary from 10-K filed 2026-04-13
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| REVENUES | 45 | 42 | 40 | 38 | 41 | |
| COST OF REVENUES | −31 | −29 | −23 | −24 | −22 | |
| GROSS PROFIT | 14 | 14 | 17 | 14 | 18 | |
| Selling expenses | −569,240 | −752,795 | −608,524 | −1 | −630,503 | |
| General and administrative expenses | −4 | −4 | −4 | −1 | −2 | |
| OPERATING EXPENSES | −4 | −4 | −5 | −3 | −6 | |
| INCOME FROM OPERATIONS | 10 | 9 | 13 | 11 | 13 | |
| Interest income | 156,627 | 152,336 | 117,719 | 118,714 | 95,534 | |
| Interest expense | — | −1 | −252,325 | — | — | |
| Other income | 35,906 | 10,708 | — | — | — | |
| Gain (loss)on changes in fair value of common stock purchase warrants liability | — | 378,371 | — | 871,677 | 759,471 | |
| TOTAL OTHER INCOME (EXPENSE), NET | 192,533 | −628,559 | −303,347 | 668,579 | 9 | |
| INCOME BEFORE INCOME TAX EXPENSES | 10 | 9 | 12 | 12 | 22 | |
| INCOME TAX EXPENSES | −3 | −3 | −4 | −3 | −4 | |
| NET INCOME | 7 | 6 | 8 | 9 | 17 | |
| Foreign currency translation adjustment | 6 | −3 | −4 | −5 | 1 | |
| COMPREHENSIVE INCOME | 13 | 3 | 4 | 3 | — | |
| Basic (in Dollars per share) | 0.6 | 0.52 | 0.89 | 5.38 | 0.55 | |
| Diluted (in Dollars per share) | 0.6 | 0.52 | 0.89 | 4.73 | 0.55 | |
| Basic (in Shares) | 12 | 12 | 9 | 2 | 32 | |
| Diluted (in Shares) | 12 | 12 | 9 | 2 | 33 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 118 | 104 | 98 | 51 | 46 | |
| Accounts receivable, net | 7 | 8 | 7 | 9 | 8 | |
| Inventories | 45,202 | 112,327 | 222,102 | 423,276 | 244,381 | |
| Prepaid expenses and other current assets | 1 | 3 | 1 | 1 | 2 | |
| TOTAL CURRENT ASSETS | 126 | 114 | 107 | 62 | 57 | |
| Property, plant and equipment, net | 9 | 13 | 13 | 11 | 12 | |
| Land use right, net | 544,118 | — | — | — | — | |
| Operating right-of-use assets | 521,454 | 1 | — | — | — | |
| Deferred tax assets | 71,223 | 41,397 | — | — | — | |
| Long-term prepayment | 5 | — | — | — | — | |
| TOTAL ASSETS | 141 | 128 | 120 | 73 | 69 | |
| Accounts payable | 1 | 1 | 640,795 | 1 | 800,586 | |
| Accrued expenses and other current liabilities | 1 | 966,461 | 4 | 944,624 | 310,407 | |
| Operating lease liabilities- current | 521,454 | 571,539 | — | — | — | |
| TOTAL CURRENT LIABILITIES | 3 | 3 | 6 | 4 | 3 | |
| Operating lease liabilities- non current | — | 482,606 | — | — | — | |
| TOTAL LIABILITIES | 3 | 3 | 7 | 4 | 4 | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | |
| Common stock, $0.001 par value, 15,000,000 shares authorized, 11,931,534 and 11,931,534 issued and outstanding as of December 31, 2025 and 2024, respectively | 11,932 | 11,932 | 9,733 | 1,680 | 31,812 | |
| Additional paid in capital | 53 | 53 | 44 | 3 | 2 | |
| Statutory reserve | 8 | 8 | 7 | 6 | 5 | |
| Retained earnings | 82 | 75 | 69 | 62 | 55 | |
| Accumulated other comprehensive loss | −5 | −11 | −7 | −3 | 2 | |
| TOTAL STOCKHOLDERS EQUITY | 137 | 125 | 113 | 69 | 64 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 141 | 128 | 120 | 73 | 69 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| (Reversal of) allowance for credit losses | −30,516 | 44,862 | — | — | — | |
| (Reversal of) provision for obsolete inventory | −36,971 | 54,873 | — | — | — | |
| Depreciation and amortization | 22,374 | 9,805 | 9,403 | 9,891 | 381,167 | |
| Impairment loss on construction in progress | 175,426 | — | — | — | — | |
| Amortization of discounts and issuance cost of the notes | — | 5,715 | 33,655 | 148,368 | 8,550 | |
| (Gain) on changes in fair value of common stock purchase warrants liability | — | −378,371 | — | — | — | |
| Amortization of operating Right-of-use assets | 601,157 | 98,387 | — | — | — | |
| Accounts receivable | 1 | −256,681 | 1 | −1 | 5 | |
| Inventories | 107,066 | 50,328 | 187,532 | −197,453 | 190,490 | |
| Prepaid expenses and other current assets | 2 | −2 | 333,415 | 853,426 | −2 | |
| Deferred tax assets | −27,256 | −41,993 | — | — | — | |
| Long-term investment | −4 | — | — | — | — | |
| Accounts payable | −248,654 | 649,915 | −21,578 | −41,068 | −50,424 | |
| Loans from a third party | — | −135,000 | — | — | — | |
| Due to related parties | 137,100 | 149,211 | −1,665 | — | −575,329 | |
| Accrued expenses and other current liabilities | 393,236 | −3 | 3 | — | — | |
| Operating lease liabilities | 612,684 | −98,387 | — | — | — | |
| Net cash provided by operating activities | 7 | 1 | 13 | 9 | 14 | |
| Purchase of property, plant and equipment | −322,304 | −271,830 | −2 | — | — | |
| Net cash used in investing activities | −322,304 | −271,830 | −2 | — | 6 | |
| Proceeds from issuance of public offerings, net of expenses | — | 9 | — | — | — | |
| Repayments of convertible promissory notes payable | — | −1 | −55,000 | −1 | — | |
| Net cash provided by financing activities | — | 8 | 40 | −652,635 | 2 | |
| Effect of changes of foreign exchange rates on cash | 8 | −3 | −4 | — | — | |
| Net increase in cash | 15 | 6 | 47 | 5 | 22 | |
| Interest paid | — | 1 | — | 10,000 | — | |
| Income taxes paid | 3 | 3 | 4 | 3 | 4 | |
| Issue costs charged to additional paid-in capital | — | 2 | — | — | — | |
| Exercise of warrant shares | — | 38,586 | — | — | — | |
| Lease liabilities arising from obtaining right-of-use assets | 11,526 | 1,992 | — | — | — |
Filings
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Frequently asked questions
What is Wetouch Technology Inc.'s CIK number?
Wetouch Technology Inc.'s SEC CIK number is 0001826660 (1826660). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Wetouch Technology Inc.'s SEC filings?
All of Wetouch Technology Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.