American Marconi Wireless News - WeTouch Technology Inc. Reports First Quarter Fiscal Year 2025 Financial Results: Net Income Surges Over Fourfold, Cash Reaches $8.9 Per Share

CHENGDU, CN / ACCESS Newswire / October 7, 2025 / WeTouch Technology Inc. (NASDAQ:WETH) ("WeTouch" or the "Company"), a global leader in touch display solutions, today announced its financial results for the first quarter of fiscal year 2025 ended March 31, 2025.

First Quarter Fiscal Year 2025 Financial Highlights

• Total Revenue: Reached $15.3 million, an increase of 2.7% compared to $14.9 million in the first quarter of fiscal 2024.

• Gross Profit: Reached $5.6 million, representing a 69.7% increase year-over-year.

• Gross Margin: Expanded sharply to 36.9%, compared with 22.4% in the same quarter of 2024.

• Net Income: Surged to $2.6 million, compared with $0.6 million in the first quarter of fiscal 2024, an increase of 316.7%.

• Cash Reserves: $106.4 million as of March 31, 2025 (equivalent to approximately $8.9 per share), up from $94.8 million as of March 31, 2024.

• Overseas Market Revenue: $5.0 million, representing 32.7% of total revenue, compared with $5.5 million, or 36.9% of total revenue, in the first quarter of fiscal 2024.

• Total Volume Shipped: 762,545 units, an increase of 11.9% year-over-year.

• Shareholders' Equity: Increased to $127.9 million as of March 31, 2025, from $120.5 million a year ago.

• Operating Cash Flow: Positive $2.0 million, compared to negative $9.2 million in the same quarter of fiscal 2024.

Management Commentary

"We are highly encouraged by the strong profitability achieved in the first quarter of fiscal 2025," said Zongyi Lian, CEO of WeTouch Technology Inc. "We are pleased to see that our gross margin in fiscal 2025 has already returned to the same level as in 2023, driven by supply chain normalization, increased orders from major international customers, and continued improvements in operational efficiency. Gross margin rose to 36.9% from 22.4% a year ago, demonstrating that the Company has overcome challenges from raw material cost fluctuations, while selling expenses decreased by 80% year-over-year, further underscoring stronger efficiency and profitability. These results clearly reflect the effectiveness of our strategic initiatives and disciplined cost management.

In addition, the Company has completed its Form 10-K filing and is working diligently to remain in full compliance with Nasdaq requirements. We are in discussions with several Fortune Global 500 multinational customers and will disclose key business developments promptly. With shareholder equity steadily rising to $127.9 million, WeTouch's stock continues to trade significantly below its intrinsic value. The Company remains focused on delivering long-term value through disciplined execution and sustained profitability, while management actively explores strategic opportunities to further strengthen competitiveness and enhance shareholder returns."

Market Expansion and Strategic Outlook

WeTouch continues to focus on breakthroughs in curved and ultra-large-size touch display technologies, strengthening its competitive edge in high-end automotive electronics, professional gaming equipment, and commercial display terminals.

The Company is actively expanding collaborations with leading brand customers in Europe, Japan, South Korea, and Taiwan, while solidifying its leadership position in China.

Looking ahead, WeTouch remains committed to:

• Driving sustainable growth through innovation in next-generation touch display technologies.

• Optimizing its product portfolio toward higher-margin categories such as industrial control computer touchscreens, POS systems, and multifunctional printer displays.

• Enhancing financial discipline to support expansion of its new production facility, with mass production expected to commence in the second quarter of 2026.

About WeTouch Technology Inc.

Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally.

For additional information, please visit: WeTouch Technology Inc. at http://en.usa-wetouch.com/

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 Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea 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 Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea 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.

Investor and Media Contact:

Email: [email protected]

SOURCE: Wetouch Technology Inc.

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