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Wetouch Technology Inc. (WETH) Income statement

Market cap

$3.1B

P/E ratio

Summary Financials

Income statement Balance sheet Cash flow Other

	2020/12	2021/12	2022/12	2023/12
Revenue	31	41	38	40
Revenue growth (%)	-
Cost of revenue	16	22	24	23
Gross profit	16	18	14	17
Gross margin (%)
Research & development	77,997	89,477	85,251	84,551
Operating margin (%)
Operating expenses	4	6	3	5
Operating income	12	13	11	13
Income before tax	10	22	12	12
Pretax margin (%)	33.4	53.4	31.9	31.1
Provision for income taxes	2	4	3	4
Effective tax rate (%)
Net income	9	17	9	8
Net income margin (%)
Earnings per share	0.31	0.55	0.27	0.89
Diluted EPS	0.31	0.55	0.27	0.89