Wetouch FY26 Q2 net income flat at USD 2.2 million; revenue rises 12.9% to USD 14 million
WETH•Q2 revenue and income
Wetouch Technology posted Q2 revenue of USD 14 million, up 12.9% year over year; net income was flat at USD 2.2 million.
Gross profit climbed 19.5% to USD 4.9 million; gross margin widened 1.8 percentage points to 34.9%.
Chengdu facility update
Construction of a new Chengdu facility is expected to finish in H1 2027, with production targeted by end-2027; USD 9.1 million was recorded in construction in progress.
Shipments, regional sales and expenses
Unit shipments increased 7.8% to 663,555; domestic revenue rose 14.3% to USD 9.6 million, and overseas sales grew 10% to USD 4.4 million.
Operating expenses rose to USD 1.7 million from , driven by in share-based compensation for granted to consultants.
