Wetouch Technology Inc. (WETH)

Wetouch Technology Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	42.28	39.71	37.92	40.79	31.35
Revenue Growth (YoY)	6.48%	4.70%	-7.02%	30.11%	-21.64%
Cost of Revenue	28.67	22.52	23.87	22.35	15.74
Gross Profit	13.61	17.19	14.05	18.43	15.61
Selling, General & Admin	4.29	4.46	2.55	2.57	2.59
Research & Development	-	0.08	0.09	0.09	0.08
Operating Expenses	4.29	4.54	2.64	5.81	3.73
Operating Income	9.32	12.65	11.41	12.62	11.88
Interest Expense	-1.17	-0.25	-0.22	-0.03	-1.73
Interest & Investment Income	0.15	0.12	0.12	0.1	0.08
Other Non Operating Income (Expenses)	0.39	-0.17	0.87	1.45	0.25
EBT Excluding Unusual Items	8.69	12.35	12.18	14.15	10.48
Gain (Loss) on Sale of Assets	-	-	-	7.65	-
Other Unusual Items	-	-	-0.1	-	-
Pretax Income	8.69	12.35	12.08	21.8	10.48
Income Tax Expense	2.66	4.08	3.35	4.41	1.55
Net Income	6.03	8.26	8.73	17.39	8.93
Net Income to Common	6.03	8.26	8.73	17.39	8.93
Net Income Growth	-27.02%	-5.34%	-49.79%	94.68%	-34.89%
Shares Outstanding (Basic)	12	9	2	2	1
Shares Outstanding (Diluted)	12	9	2	2	1
Shares Change (YoY)	24.60%	408.48%	12.93%	12.65%	3.52%
EPS (Basic)	0.52	0.89	5.39	10.93	6.21
EPS (Diluted)	0.52	0.89	4.73	10.93	6.20
EPS Growth	-41.73%	-81.18%	-56.73%	76.30%	-36.72%
Free Cash Flow	0.8	10.46	8.59	2.36	12.96
Free Cash Flow Per Share	0.07	1.12	4.66	1.44	8.94
Gross Margin	32.18%	43.30%	37.05%	45.19%	49.80%
Operating Margin	22.04%	31.86%	30.10%	30.95%	37.90%
Profit Margin	14.27%	20.81%	23.02%	42.63%	28.49%
Free Cash Flow Margin	1.89%	26.35%	22.64%	5.78%	41.35%
EBITDA	9.33	12.66	11.42	13.01	12.94
EBITDA Margin	22.06%	31.88%	30.13%	31.89%	41.27%
D&A For EBITDA	0.01	0.01	0.01	0.38	1.06
EBIT	9.32	12.65	11.41	12.62	11.88
EBIT Margin	22.04%	31.86%	30.10%	30.95%	37.90%
Effective Tax Rate	30.59%	33.07%	27.75%	20.23%	14.78%
Revenue as Reported	-	-	-	40.79	31.35

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q