Wetouch Technology Inc.【WETH】

Market cap

$3.1B

P/E ratio

	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
REVENUES	31	41	38	40
COST OF REVENUES	16	22	24	23
GROSS PROFIT	16	18	14	17
Selling expenses	264,553	630,503	1	608,524
General and administrative expenses	2	2	1	4
Research and development expenses	77,997	89,477	85,251	84,551
OPERATING EXPENSES	4	6	3	5
INCOME FROM OPERATIONS	12	13	11	13
Interest income	81,537	95,534	118,714	117,719
Interest expense	2	27,450	224,885	252,325
Other expense	-	-	-	47,328
Loss on conversion of convertible promissory notes payable	-	-	96,927	-
Gain (loss)on changes in fair value of common stock purchase warrants liability	-	-	871,677	-121,413
TOTAL OTHER INCOME (EXPENSE), NET	-1,401,197	9	668,579	-303,347
INCOME BEFORE INCOME TAX EXPENSE	10	22	12	12
INCOME TAX EXPENSE	2	4	3	4
NET INCOME	9	17	9	8
Foreign currency translation adjustment	-	-	-	-4,297,908
COMPREHENSIVE INCOME (LOSS)	-	-	-	4
Basic	0.31	0.55	0.27	0.89
Diluted	0.31	0.55	0.27	0.89