Wetouch FY26 Q2 net income flat at USD 2.2 million; revenue rises 12.9% to USD 14 million

Reuters2026/08/14 20:41

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Wetouch Technology posted Q2 revenue of USD 14 million, up 12.9% year over year; net income was flat at USD 2.2 million.
Gross profit climbed 19.5% to USD 4.9 million; gross margin widened 1.8 percentage points to 34.9%.
Unit shipments increased 7.8% to 663,555; domestic revenue rose 14.3% to USD 9.6 million, overseas sales grew 10% to USD 4.4 million.
Operating expenses rose to USD 1.7 million from USD 1 million, driven by USD 1.03 million in share-based compensation for 600,000 shares granted to consultants.
Construction of a new Chengdu facility is expected to finish in H1 2027, with production targeted by end-2027; USD 9.1 million was recorded in construction in progress.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-090159), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wetouch FY26 Q2 net income flat at USD 2.2 million; revenue rises 12.9% to USD 14 million

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