Income Statement

WETOUCH TECHNOLOGY INC.

WETH
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY
Revenue
42.28 39.71 37.92 40.79 31.35
Cost of Revenue
28.67 22.52 47.75 44.61 15.74
Gross Profit
13.61 17.19 14.05 18.43 15.61
Operating Expenses
4.29 4.54 2.64 5.81 3.73
Research & Development
- 0.08 0.09 0.09 0.08
Selling, General & Administrative
3.54 3.85 1.26 1.94 2.32
Other Operating Expenses
- - - - -
Operating Income
9.32 12.65 11.41 12.62 11.88
Non-Operating Income
-0.63 -0.30 0.67 9.17 -1.40
Interest Income
0.15 0.12 0.12 0.10 0.08
Interest Expense
1.17 0.25 0.22 0.03 1.73
Other Non-Op Income / Expense
0.01 - - - -
Income Before Tax
8.69 12.35 12.08 21.80 10.48
Income Tax Expense
2.66 4.08 3.35 4.41 1.55
Non-Controlling Interest
- - - - -
Net Income
6.03 8.26 8.73 17.39 -7.38
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY
Depreciation & Amortization
- - - - -
EBITDA
9.32 12.66 11.42 13.01 12.94
Earnings Per Share (Basic)
0.52 0.89 0.27 0.55 0.31
Diluted EPS
0.52 0.89 0.27 0.55 0.31
Weighted Average Shares
11.63 9.29 32.41 31.81 28.77
Diluted Weighted Avg Shares
11.68 9.38 36.88 32.65 28.99
Comprehensive Income
2.68 3.97 - - -