
-
Inter Milan gamble on novice Chivu after end of Inzaghi era
-
What is the high seas treaty?
-
Australia's Smith wary of South Africa pace attack in WTC final
-
England's Tuchel impatient for improvement after dire Andorra display
-
Inter Milan hire Chivu as new coach
-
Le Pen, Orban lambast EU at far-right rally in France
-
South Africa boosted by Broad chat ahead of WTC final against Australia
-
Tottenham closing in on Brentford's Frank in search for new manager
-
Warner Brothers Discovery to split into 2 companies to build streaming
-
US-China trade talks in London hang over markets
-
S.Africa wants return of apartheid-, colonial-era remains
-
TikTok says to increase investment in Britain
-
Australia's Smith fears South Africa pace attack in WTC final
-
US, China begin key trade talks in London
-
Injured Scotland prop Fagerson out of Lions tour
-
England's Tuchel refuses to 'sugarcoat' criticism after dire display against Andorra
-
Russia, Ukraine swap first prisoners in large-scale exchange
-
Monkey business delays Sri Lanka's wildlife survey
-
Defence or environment? UK faces spending choices
-
Stocks diverge awaiting China-US trade talks
-
Chivu leaves Parma ahead of Inter Milan move
-
Hitchcock heroine Novak awarded Venice lifetime achievement award
-
UK to boost 'homegrown talent' in new AI skills drive
-
Beaten Sinner extends lead on Alcaraz at top of ATP rankings
-
Strycova to replace Pala as Czech Billie Jean King Cup team captain
-
Defence or environment? London faces spending choices
-
'Tennis the winner' as Alcaraz and Sinner set for enduring rivalry
-
Don't let deep sea become 'wild west', Guterres tells world leaders
-
Chivu says goodbye to Parma ahead of Inter Milan move
-
Iran says to submit own nuclear proposal to US soon
-
Boisson jumps 296 places in WTA rankings after French Open run
-
China's exports slow as trade war takes toll
-
Tangled humpback whale sparks rescue mission off Australia
-
Malaysia bus crash kills at least 15, mostly students
-
Climate change heightens risk of Indian farmer suicides
-
Farmed production of some fish - and seaweed - is soaring
-
Bust attributed to Donatello splits Slovakia
-
Israel diverts Gaza-bound aid boat carrying Greta Thunberg
-
China exports slow as trade war takes toll
-
'Maybe Happy Ending' tops Broadway's Tony Awards
-
'Flawed' Test Championship reveals world cricket's underlying problems
-
Retired great Hakuho says leaving sumo after bullying scandal
-
Haliburton vows to improve after Thunder defense stifles Pacers
-
Trump travel ban in effect, citizens from 12 nations barred from US
-
McIntosh impresses in 800m free win at Canada trials
-
NATO learns as Ukraine's 'creativity' changes battlefield
-
Thunder rumble to 123-107 win over Pacers to level NBA Finals
-
Israel says Gaza-bound activist boat carrying Greta Thunberg redirected
-
Chinese consumer prices continue to fall as US trade talks loom
-
Thunder power past Pacers to level NBA Finals

WeTouch Pre-Announces First Quarter Fiscal Year 2025 Financial Results: Gross Margin Climbs to 33.6%, Net Income Surges Over 594.6%
CHENGDU, CHINA / ACCESS Newswire / June 9, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a global leader in touch display solutions, today pre-announced its expected financial results for the first quarter of fiscal year 2025 ended March 31, 2025.
The Company anticipates first quarter revenue of approximately $15.3 million, a modest increase of 2.84% from $14.88 million in the same period last year. Gross profit is expected to reach $5.15 million, representing a 54.2% increase year-over-year, while net income is projected to be approximately $3.89 million, a significant rise of 594.6% from $0.56 million in the prior-year period.
Gross Margin Normalization Highlights Operating Resilience and Strategic Cost Discipline
WeTouch expects a gross margin of 33.6% in the first quarter, up from 22.4% a year earlier. This improvement reflects the Company's disciplined cost management, enhanced procurement strategy, and stable product pricing environment. The margin level aligns with what management views as a normalized and sustainable range, underscoring the Company's operational resilience amid broader supply chain and industry fluctuations.
"We are encouraged by the strong profitability metrics in the first quarter of fiscal 2025," said Zongyi Lian, CEO of WeTouch Technology. "Our ability to enhance gross margin while delivering steady revenue growth is a testament to the strategic measures we've taken to strengthen supply chain efficiency and maintain pricing discipline. We remain focused on delivering long-term value by advancing our core technologies and deepening our presence in both domestic and international markets."
Looking Ahead
WeTouch will continue to focus on technological breakthroughs in key application areas such as industrial control, automotive displays, and intelligent interaction. The Company will deepen its collaboration with internationally renowned brand customers in Europe and Japan, and further advance its global market expansion strategy. WeTouch will also continue to invest in next-generation touch display technologies and product differentiation to strengthen its leadership position in the global touch display industry.
About WeTouch Technology Inc.:
WeTouch Technology Inc. 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Wetouch's control, which may cause Wetouch's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Wetouch as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Wetouch's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Wetouch does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For more information, please contact:
Horizon IR
Michael Wei,
Email: [email protected]
SOURCE: Wetouch Technology Inc.
View the original press release on ACCESS Newswire
L.Davis--AMWN