Wetouch Technology Inc. (WETH)

USD 1.68

(-10.16%)

Annual Income Statements

(In USD)
Breakdown 2023 2022 2021 2020 2019
Revenue 39.7 Million 37.92 Million 40.78 Million 31.34 Million 40 Million
Cost of Revenue 22.51 Million 23.87 Million 22.46 Million 16.79 Million 21.3 Million
Gross Profit 17.19 Million 14.05 Million 18.31 Million 14.55 Million 18.7 Million
Operating Expenses 4.54 Million 2.63 Million 5.69 Million 2.67 Million 1.69 Million
Selling, General and Administrative Expenses 4.45 Million 2.55 Million 5.6 Million 2.59 Million 1.56 Million
Research and Development Expenses 84.55 Thousand 85.25 Thousand 89.47 Thousand 77.99 Thousand 136.43 Thousand
Other Expenses - -96.92 Thousand - - -
Cost and Expenses 27.05 Million 26.5 Million 28.16 Million 19.46 Million 23 Million
Operating Income 12.65 Million 11.41 Million 12.62 Million 11.88 Million 17 Million
Interest Expense 252.32 Thousand 224.88 Thousand 27.45 Thousand 1.72 Million 16.88 Thousand
Income Tax Expense 4.08 Million 3.35 Million 4.4 Million 1.54 Million 2.72 Million
Earnings before Tax 12.34 Million 12.08 Million 21.79 Million 10.47 Million 16.44 Million
Net Income 8.26 Million 8.73 Million 17.38 Million 8.93 Million 13.71 Million
Earnings Per Share Basic 0.89 5.39 10.93 6.21 9.53
Earnings Per Share Diluted 0.88 4.74 10.65 6.16 9.46
Weighted Average Shares Outstanding 9.28 Million 1.62 Million 1.59 Million 1.43 Million 1.43 Million
Weighted Average Shares Outstanding (Diluted) 9.37 Million 1.84 Million 1.63 Million 1.44 Million 1.44 Million
Gross Margin 0.43 0.37 0.45 0.46 0.47
EBIT Margin 0.32 0.30 0.31 0.41 0.45
Profit Margin 0.21 0.23 0.43 0.28 0.34
EBITDA 12.65 Million 11.42 Million 13 Million 12.93 Million 18.03 Million
Earnings Before Tax Margin 0.32 0.30 0.31 0.38 0.42

Income Statement Charts