CHENGDU,
China, April 1, 2024 /PRNewswire/ -- Wetouch
Technology Inc. (NASDAQ: WETH), a leading innovator in the global
touch display industry, proudly announces its robust financial
performance for the fiscal year 2023, showcasing remarkable growth
and strong earnings.
In 2023, Wetouch achieved an continuous revenue growth, reaching
$39.71 million USD, compared to the
previous year's revenue of $37.92 million
USD. Additionally, the company saw a slight decrease in net
income, falling to $8.31 million USD
in 2023, compared to the net income of $8.73
million USD reported in 2022. The slight decrease was due to
certain non-cash expenses.
The solid growth in revenue for 2023 is attributed to Wetouch's
strategic partnerships with prominent clients on a global scale. By
fostering close relationships and collaborating with leading
industry players, Wetouch has successfully capitalized on market
opportunities, leveraging synergies to deliver innovative touch
display solutions tailored to meet the evolving needs of its
clients.
Mr. Tsungyi Lien, CEO of Wetouch, expressed confidence in the
company's performance, stating, "Despite a temporary decline in our
stock price recently, I maintain unwavering confidence in our
continuous growth trajectory and the value we deliver to our
shareholders. Looking ahead to 2024, Wetouch anticipates an amazing
increase in revenue and net income, driven by larger orders from
our global major clients."
Wetouch Technology Inc. remains steadfast in its dedication to
advancing innovation in touch display solutions, committed to
delivering superior results for our shareholders.
Wetouch Technology Inc. expects to announce the full year
results of 2023 in mid-April.
About Wetouch Technology Inc.:
Wetouch is a leading provider of high-quality touch display
solutions, committed to revolutionizing human-machine interaction
across various industries. With a focus on innovation and customer
satisfaction, Wetouch delivers cutting-edge technology and
unmatched performance in touch display solutions worldwide.
Safe Harbor Statement:
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. Statements that are not historical facts,
including statements about the Company's beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company's filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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SOURCE Wetouch Technology Inc.