Welcome to our dedicated page for Wetouch Technology SEC filings (Ticker: WETH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Wetouch Technology Inc. filings document regulatory reporting for a Nevada corporation whose common stock trades on Nasdaq under WETH. Recent 8-K reports cover exchange-listing compliance under Nasdaq Listing Rule 5250(c)(1), amendments to the articles of incorporation, and an increase in authorized common shares.
The company's proxy and current reports also describe annual-meeting matters, stockholder voting, board and committee composition, audit committee leadership, and director changes. NT 10-K notices and periodic-report references document timing matters tied to annual and quarterly reporting obligations.
Wetouch Technology Inc. (WETH) has called a special shareholder meeting on September 4, 2026 to vote on a single key item: authorizing the issuance of common stock to Qixun Technology (Samoa) Limited and Qihong Technology (Samoa) Limited under share purchase agreements, as required by Nasdaq Listing Rule 5635(b).
The company has agreed to sell 11,153,472 shares to Qixun and 19,884,358 shares to Qihong at $1.25 per share, a price above the Nasdaq “Minimum Price” benchmark. Net proceeds are intended to fund obtaining touch-screen complete systems, through in-house development or acquisitions from established manufacturers.
On the August 11, 2026 record date, WETH had 13,381,534 shares outstanding, and founder Guangde Cai beneficially owned about 5.954%. If the issuance is approved, Qixun would hold about 20.20%, Qihong about 44.96%, and Mr. Cai would be deemed to beneficially own about 70.19%, effectively giving him control over shareholder votes. The board unanimously recommends voting FOR the issuance, while noting that existing investors will experience significant voting dilution and a high ownership concentration in Mr. Cai and his affiliates.
Wetouch Technology Inc. reported continued growth for the three and six months ended June 30, 2026. Revenue reached $14.0 million in the quarter, up 12.9% year over year, and $30.3 million for the first half, up 9.4%, driven by higher unit volumes, modest RMB price increases and favorable RMB/USD exchange effects. The business remains focused on medium- to large-sized projected capacitive touchscreens for automotive, industrial, POS, gaming, medical and printer applications, with about two-thirds of sales in mainland China and one-third overseas.
Gross margin stayed robust, at 34.9% for the quarter and 35.3% for the first half. Net income was $2.2 million in the quarter (flat year over year) and $6.0 million for the first half, up 25.0%, supported by strong gross profit and a sharp reduction in general and administrative expenses after a large consulting amortization ended in 2025, partially offset by $1.0 million in share-based compensation to consultants.
The balance sheet is very liquid: as of June 30, 2026, Wetouch held $127.5 million in cash and $152.6 million in total assets against only $3.8 million in total liabilities. Construction in progress for a new facility totaled $9.1 million, with total planned capital requirements of about $14.8 million and an additional commitment of RMB7.3 million (about $1.08 million), funded mainly from existing cash and operating flows. Management highlights ongoing PRC-related regulatory and cash-transfer risks and discloses that previously identified material weaknesses in internal control over financial reporting remain under remediation.
Wetouch Technology Inc. is calling a special stockholder meeting on September 4, 2026 to vote on approving a large issuance of common stock to Qixun Technology (Samoa) Limited and Qihong Technology (Samoa) Limited under share purchase agreements.
The company plans to issue 11,153,472 shares to Qixun and 19,884,358 shares to Qihong at $1.25 per share, compared with 13,381,534 shares of common stock outstanding as of August 11, 2026. If approved, Qixun would hold about 20.20% and Qihong about 44.96% of outstanding common stock, and founder Guangde Cai would be deemed to beneficially own about 70.19%, giving him effective control over major stockholder decisions. The board unanimously recommends voting in favor, noting proceeds are intended for obtaining touch-screen complete systems through development or acquisition, while acknowledging significant voting dilution and potential Nasdaq “controlled company” status.
Wetouch Technology Inc. entered into share purchase agreements to sell 31,037,830 shares of common stock at $1.25 per share, for gross proceeds of $38,797,287.50, in a private placement to controlling shareholders Qixun Technology Limited and Qihong Technology Limited. The offering was priced at a premium to market under Nasdaq rules and is expected to close on or about August 4, 2026, subject to customary closing conditions.
The shares issued will be subject to a one-year lock-up period. Management has sole and absolute discretion over the use of proceeds and intends to obtain touch-screen complete systems through in-house development or acquisitions from established manufacturers. The unregistered sale relies on exemptions under Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D, with each purchaser representing that they are an "accredited investor" acquiring the securities for investment purposes.
Wetouch Technology Inc. approved a special cash dividend plan that may distribute up to US$0.5 million, estimated at about US$0.04 per share based on approximately 11.93 million common shares outstanding. Shareholders of record on August 17, 2026 will be eligible to receive the dividend.
The dividend is expected to be paid on or about September 30, 2026. The company states that this one-time distribution is intended to enhance shareholder value while preserving resources to support business growth, technology innovation, strategic investments, and its transition toward higher-value intelligent hardware and system-level solutions.
Wetouch Technology Inc. reported solid growth for the quarter ended March 31, 2026. Revenue reached $16.3 million, up 6.5% from the prior-year quarter, driven by both China and overseas touchscreen sales. Net income rose to $3.9 million from $2.6 million, helped by lower general and administrative costs.
Gross margin edged down to 35.7% from 36.9% as labor and material costs increased, but operating income still improved to $5.1 million. Cash and cash equivalents were strong at $120.5 million versus $118.4 million at year-end, while total liabilities remained low at $4.1 million against total assets of $147.3 million.
The company continues building a new manufacturing facility in Chengdu with total estimated capital needs of about $36.7 million and $13.7 million recorded in construction in progress as of March 31, 2026. Customer concentration remains high, and management acknowledges previously identified material weaknesses in internal control over financial reporting have not yet been remediated.
Wetouch Technology Inc. filed its annual report detailing a touchscreen manufacturing business focused on medium- to large-sized projected capacitive panels for automotive, industrial, financial, gaming and medical uses. Revenue reached $45.1 million in 2025, up from $42.3 million in 2024, with 68.5% from Mainland China and 31.5% from overseas markets.
Product mix is concentrated in GFF and GG structures, which together generated over 90% of 2025 revenue, and the company relies heavily on a small group of large customers, with the top five contributing 81.7% of 2025 revenue. Wetouch raised capital through a $40 million private placement in 2023 and a 2024 Nasdaq uplisting offering that sold 2,160,000 shares at $5.00 per share for approximately $9.2 million in net proceeds.
The report also describes resolved Nasdaq compliance issues around late filings and minimum bid price, an increase in authorized common shares to 65,000,000, stringent production and quality standards, and extensive risk disclosures tied to customer concentration, PRC regulatory changes, accounts receivable, financing needs, and operating in China as a U.S.-listed issuer.
Wetouch Technology Inc. reported that its stockholders approved an amendment to its Articles of Incorporation, which the company filed in Nevada on January 7, 2026. The amendment, reflected in Wetouch’s Second Amended and Restated Articles of Incorporation, increases the company’s authorized common stock from 15,000,000 to 65,000,000 shares. This change gives the company a much larger pool of common shares it is permitted to issue in the future for potential corporate purposes such as financings, equity compensation, or acquisitions, if later approved by its board under applicable procedures.
Wetouch Technology Inc. reported steady growth with profitability in Q3 2025. Revenue reached $12.18 million, up 6.1% year over year, driven by higher unit volumes in China, partly offset by lower average selling prices. Gross margin eased to 32.7% from 38.4% as raw materials and labor costs rose. Operating income was $3.13 million, and net income was $2.53 million, compared with $2.66 million a year ago.
For the first nine months, revenue was $39.89 million (up 3.4%) and net income was $7.33 million (up from $5.92 million). Cash stood at $113.19 million as of September 30, 2025, with total liabilities of $4.74 million and stockholders’ equity of $135.17 million, reflecting a strong balance sheet. Domestic sales accounted for 68.9% of Q3 revenue as China demand outpaced overseas markets.
The company continues building its new Chengdu facility, targeting construction completion by the end of 2025 and production commencement in the second quarter of 2026, primarily funded by cash on hand.