Wetouch Technology Inc. Reports 594.6% Surge in Net Income for Q1 FY2025; Revenue Up 2.84%

Reuters
09 Jun
Wetouch Technology Inc. Reports 594.6% Surge in Net Income for Q1 FY2025; Revenue Up 2.84%

WeTouch Technology Inc. $(WETH)$, a global leader in touch display solutions, has pre-announced its expected financial results for the first quarter of fiscal year 2025, ending March 31, 2025. The company anticipates revenue of approximately $15.3 million, marking a modest increase of 2.84% from $14.88 million in the same period last year. Gross profit is projected to reach $5.15 million, representing a substantial year-over-year increase of 54.2%. Net income is expected to surge to approximately $3.89 million, a significant rise of 594.6% from the prior-year period's $0.56 million. The anticipated gross margin for the first quarter is 33.6%, up from 22.4% a year earlier, reflecting WeTouch's disciplined cost management and stable product pricing environment. The company attributes these results to strengthened supply chain efficiency and strategic measures aimed at long-term value creation. Looking ahead, WeTouch plans to focus on technological advancements in key application areas such as industrial control, automotive displays, and intelligent interaction. The company intends to deepen collaborations with internationally renowned brand customers in Europe and Japan and pursue its global market expansion strategy. WeTouch is also committed to investing in next-generation touch display technologies and product differentiation to enhance its leadership in the global touch display industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wetouch Technology Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1036770) on June 09, 2025, and is solely responsible for the information contained therein.

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