Wetouch Q1 FY26 net income rises 50% to $3.9 million; revenue increases 6.5% to $16.3 million

• Wetouch Technology posted Q1 net income of USD 3.9 million, up 50% from a year earlier, as revenue rose 6.5% to USD 16.3 million.
• Gross margin narrowed 1.2 percentage points to 35.7%, with cost of revenues increasing 9.4% to USD 10.5 million.
• Operating income climbed 24.4% to USD 5.1 million as total operating expenses fell 56.3% to USD 0.7 million.
• Total volume shipped was 763,325 units, up 0.1%, with Mainland China sales of USD 11 million and overseas sales of USD 5.3 million.
• New Chengdu facility construction remained in progress, with completion targeted for first-half 2027 and production expected to start by end-2027; USD 13.7 million was recorded as construction in progress as of March 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wetouch Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-057874), on May 15, 2026, and is solely responsible for the information contained therein.