WeTouch Technology Inc. Reports First Half Fiscal Year 2026 Financial Results

About this update from Wetouch Technology Inc.

Revenue Increases 9.4% and Net Income Rises 25.5% Year-over-Year; Earnings Per Share Reaches $0.50 CHENGDU, China, Aug. 17, 2026 (GLOBE NEWSWIRE) -- WeTouch Technology Inc. (NASDAQ: WETH) ("WeTouch" or the "Company"), a global provider of touch display solutions, today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026. Revenue growth was supported by continued expansion across the Company's core markets, while its overseas business maintained positive momentum as the Company continued to develop new markets and channels. First Half Fiscal Year 2026 Financial Highlights Management Commentary "WeTouch delivered solid growth in the first half of fiscal year 2026, with revenue increasing 9.4% and net income increasing 25.5% year-over-year," said Zongyi Lian, Chief Executive Officer of WeTouch Technology Inc. "The results reflect steady demand across our core end markets, disciplined cost management and continued operating efficiency. We achieved growth across all major product categories, led by automotive and medical touchscreen applications. Our overseas business also maintained positive momentum, supported by continued investment in new market channels and customer development. Recent business initiatives in Japan and Singapore further demonstrate the Company's progress in expanding its international market coverage." "Looking ahead, WeTouch will continue to build on its core touch display capabilities and advance from a component supplier toward a provider of integrated touch display modules and professional solutions, while exploring opportunities in intelligent hardware, robotics and AI-enabled terminals." Mr. Lian continued, "The recently announced special cash dividend represents an initial step toward developing a more balanced capital allocation and stockholder return framework. We recognize the importance of balancing shareholder returns with continued investment in growth opportunities. Going forward, our Board and management will continue to evaluate appropriate ways to enhance shareholder value, which may include potential dividends, share repurchases and other capital return measures, taking into account the Company's cash position, operating needs, growth strategy, market conditions and applicable legal and regulatory requirements. In addition, the proposed strategic investment by entities aff...

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