Wetouch Technology Inc reports first half 2025 revenue of 277 million dollars and net income up 455 percent year over year

Reuters
Oct 09, 2025
Wetouch Technology Inc reports first half 2025 revenue of 277 million dollars and net income up 455 percent year over year

Wetouch Technology Inc. reported financial results for the first half of fiscal year 2025 ended June 30, 2025. Total revenue was $27.7 million, up from $27.1 million in the same period of 2024. Gross profit increased to $9.8 million from $8.2 million, and gross margin rose to 35.2% compared to 30.2% a year earlier. Net income was $4.8 million, an increase from $3.3 million in the first half of 2024. Operating cash flow was positive $4.7 million, compared with negative $5.3 million in the prior year period. Cash reserves reached $110.5 million, equivalent to approximately $9.26 per share, up from $98.4 million a year ago. Total volume shipped was 1.38 million units, an increase of 8.9% year-over-year. Shareholders' equity was $131.8 million as of June 30, 2025, compared with $122.5 million a year earlier.

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