CHENGDU,
China, April 22, 2024 /PRNewswire/ -- Wetouch
Technology Inc. (NASDAQ: WETH), a trailblazer in the global touch
display industry, is pleased to announce its revenue guidance of
$56.3 million USD for the fiscal year
2024, reflecting robust 41% growth and a resilient financial
performance.
Building upon the solid foundation laid in 2023, during which
Wetouch recorded revenue of $39.70 million
USD and net income of $8.26 million
USD, the company continues to demonstrate its commitment to
driving innovation and delivering value to shareholders. This marks
a notable increase of approximately 41% in revenue from the
previous fiscal year.
Mr. Tsungyi Lien, CEO of Wetouch, expressed his optimism
regarding the company's performance, stating, "We are enthusiastic
about Wetouch's performance and growth opportunities in fiscal year
2024. With an expanding portfolio of major clients globally, we are
confident that our continued commitment to innovation and customer
satisfaction will drive significant value for our
shareholders."
Following this positive outlook, Wetouch remains dedicated to
expanding its global footprint and enhancing its product offerings
to meet the evolving needs of its customers. With ongoing
investments in research and development, strategic partnerships,
and operational efficiency, Wetouch is poised to capitalize on
emerging opportunities and maintain its leadership position in the
touch display industry.
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.
Safe Harbor Statement:
This press release may contain forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements are identified by terms such
as "will," "expects," "anticipates," "aims," "future," "intends,"
"plans," "believes," "estimates," "likely to," and similar
expressions. Such statements involve risks and uncertainties that
could cause actual results to differ materially from those
anticipated. Additional information regarding these risks and other
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission (SEC). All information provided
in this press release is as of the date hereof, and the Company
undertakes no obligation to update any forward-looking statements,
except as required by law.
This press release is for informational purposes only and does
not constitute an offer to sell, a solicitation to buy, or a
recommendation for any security, nor does it constitute an offer
for sale in any jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of that jurisdiction.
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SOURCE Wetouch Technology Inc.
