Business
WeTouch Technology Inc. Reports First Half Fiscal Year 2025 Financial Results: Net Income Up 45.5% Year-over-Year; Cash Reaches $9.26 Per Share
CHENGDU, CN / ACCESS Newswire / October 9, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a global leader in touch display
About this update from Wetouch Technology Inc.
[{"type":"text","content":"CHENGDU, CN / ACCESS Newswire / October 9, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) (\"WeTouch\" or the \"Company\"), a global leader in touch display solutions, today announced its financial results for the first half of fiscal year 2025 ended June 30, 2025.First Half Fiscal Year 2025 Financial HighlightsTotal Revenue: $27.7 million, an increase of 2.2% compared with $27.1 million in the first half of fiscal 2024.Gross Profit: $9.8 million, up 18.9% from $8.2 million in the same period of 2024.Gross Margin: Expanded to 35.2%, compared with 30.2%, representing an expansion of 500 basis points year-over-year.Net Income: $4.8 million, up 45.5% from $3.3 million in the first half of 2024.Basic Earnings Per Share (EPS):$0.40 vs. $0.27.Operating Cash Flow: Positive $4.7 million, compared with negative $5.3 million in the first half of 2024.Cash Reserves: $110.5 million as of June 30, 2025, compared with $98.4 million a year ago, equivalent to approximately $9.26 per share.Total Volume Shipped: 1.38 million units, an increase of 8.9% year-over-year.Shareholders' Equity: Reached $131.8 million as of June 30, 2025, compared with $122.5 million, an increase of 7.6% year-over-year.Management Commentary\"We are pleased to see that WeTouch has maintained strong profitability through the first half of fiscal 2025,\" said Zongyi Lian, CEO of WeTouch Technology Inc. \"Our gross margin reached 35.2%, returning to the same level as in 2023, as the Company successfully overcame external challenges such as raw material cost fluctuations and supply chain volatility. Operating cash flow also turned positive, underscoring the improvement in both profitability and operational efficiency. Domestic sales in China rose by 8.7% year-over-year and became the main driver of overall growth.\"Mr. Lian continued, \"During the second quarter, WeTouch secured new customers, launched multiple new projects, and made steady progress on the construction of its new Chengdu production facility. These initiatives have laid a solid foundation for sustainable growth in the coming quarters. With shareholders' equity now exceeding $130 million and cash reserves of $110.5 million, WeTouch remains financially strong and well-positioned to execute its strategic expansion plan. Despite this solid financial foundation, the Company's stock continues to trade significantly be...