Revenues were approximately $37.3 million for the nine months ended September 30, 2023
Major Strategic Partnerships with renowned clients like Siemens, leveraging industry credibility
WETH has a global presence with strong footholds in China, South Korea, and Germany
READ THE INVESTOR PRESENTATION BY CLICKING HERE
Hello Everyone,
It has been an exciting year in the market thus far. We have profiled many companies this year that have gone on to make some substantial moves. You never know what is going to happen. We definitely have not profiled all winners but we have had several that have gone on to make significant jumps from where we showed you the company. I am going to cherry pick one but lets look at or very first profile of 2024. We showed you COCH on the 4th of January. It had an average trade of 1.91 on the session. On Thursday it hit 11.46 for a potential 500% move in just about 2 months.
Proof our profile from Jan. 4 this year that went on to run 500% over 2 months:
We have another company on our radar that you are going to want to research for Thursday.
This is another company that we have never brought to your attention in the past.
Pull up WETH immediately.
Wetouch Technology Inc. (NASDAQ:WETH) stands as a stalwart in the realm of projected capacitive touchscreens, boasting decades of expertise and a diverse product range tailored to meet the demands of various industries worldwide. With a strong international presence spanning China, South Korea, and Germany, our commitment to quality is underscored by prestigious certifications like ISO9001 and ISO 14001, ensuring our products meet the highest industry standards.
Positioned within the dynamic touch screen display market, WETH is poised for exponential growth, with projections soaring to USD 163.10 billion by 2030. Our robust revenue generation, exemplified by approximately $37.3 million for the nine months ended September 30, 2023, solidifies our market position. Moreover, strategic partnerships with industry giants such as Siemens underscore our credibility and market prowess.
Notably, WETH has outperformed both the US Electronic industry and market returns over the past year, demonstrating resilience and potential for lucrative returns. With growing profit margins and accelerating earnings growth, investors are presented with a compelling opportunity to capitalize on WETH’s trajectorytowards sustained success and market dominance.
TOP REASONS TO HAVE WETH ON YOUR WATCHLIST
1. Industry Expertise: With decades of experience, WETH is a leading player in projected capacitive touchscreens.
2. Diverse Product Portfolio: Offering medium to large-sized touchscreens for various industries including automotive, gaming, and medical.
3. Global Presence: Operating internationally, with strong footholds in China, South Korea, and Germany.
4. Quality Assurance: Committed to industry standards with certifications like ISO9001 and ISO 14001.
5. Revenue Growth: Consistent revenue generation, showcasing stability and market demand. (Revenues: Approximately $37.3 million for the nine months ended September 30, 2023)
6. Strategic Partnerships: Collaborating with renowned clients like Siemens, leveraging industry credibility.
7. Market Outperformance: Exceeded the US Electronic industry and market returns over the past year. (Return vs Industry: 19%, Return vs Market: 31%)
8. Growing Profit Margin: WETH’s current net profit margins (25.8%) are higher than last year (24.2%).
9. Accelerating Growth: WETH’s earnings growth over the past year (8.5%) exceeds its 5-year average (-5.7% per year).
10. Market Potential: Positioned to capitalize on the expanding touch screen display market, estimated to reach USD 163.10 billion by 2030.
11. Track Record of Success: Proven performance with a history of fulfilling orders through sales framework agreements and direct purchases.
The chart shows that WETH has seen a significant amount of volatility over the past 10 sessions. It looks like it is sitting right in the median sweet spot heading into Thursday’s session.
Touch Experience with Wetouch Technology Inc. (NASDAQ:WETH)The Future of High-End Touch Screens Worldwide!
Changing Industries with Cutting-Edge touchscreens Solutions Tailored for Financial, Automotive, Medical, Gaming, lottery, POS and More!
Traditional touchscreens lack durability and performance for diverse industries like finance, automotive, and medical. Wetouch offers robust large-format touchscreens tailored for specific industry needs, ensuring durability, precision, and multi-touch capability. Our innovative solutions empower businesses to streamline operations, enhance user experiences, and drive growth effortlessly.
Siemens Industrial Automation
Cutting-edge touchscreen technology, we’ve partnered with industry leaders like Siemens to revolutionize user experiences. Our high-quality projected capacitive touchscreens empower automotive, industrial, and gaming sectors, driving seamless interactions and boosting operational efficiency. Join us in shaping the future of touch interface technology.
Exploring the Lucrative Landscape of the Touch Screen Display Market
The Touch Screen Display Market, valued at USD 65.60 Billion in 2021, is projected to reach USD 163.10 Billion by 2030, with a CAGR of 8% from 2022 to 2030. North America is poised to exhibit the fastest growth. Increasing demand for interactive and user-friendly displays across various industries globally is a key driver for market expansion.
Company Overview
Touch The World Touch The Future
Innovating the Future of Touch Screen Technology
Wetouch Technology Inc. stands at the forefront of touch screen display innovation, offering a diverse range of high-quality products tailored to various industries. Specializing in large-format touchscreens, we deliver cutting-edge solutions for financial terminals, automotive, medical, gaming, and more. Our research focus centers on advancing touchscreen technology to meet evolving market demands.
“At Wetouch, we’re committed to revolutionizing touchscreens to enhance user experiences across industries,” says CEO Zongyi Lian.
With the touch screen display market projected to reach USD 163.10 billion by 2030, Wetouch is strategically positioned to capitalize on this lucrative opportunity.
Wetouch has received ISO certifications and earned accolades for excellence in touchscreen technology. Our partnerships and media coverage underscore our commitment to innovation and quality.
Empowering Partnerships: Our Trusted Customer Network
(1) Siemens Industrial Automation Products (Chengdu) Co., Ltd.,
(2) Shanghai Sigang Electronics Co., Ltd.,
(3) E-Lead Electronic Co. Ltd.,
(4) MultimediaLink Inc.,
(5) Suzhou Weinview Co., Ltd.
Products
Applications of the Company’s Products
Our products are used and applied in the production of a variety of products in a wide range of industries. Our products’ areas of common application are set out below.
Point of Sale (“POS”) Machines
POS machines, or point of sale machines, are used in a variety of retailers, including in department stores, supermarkets, convenience stores, boutiques, restaurants, hotels, banks, logistics, telecommunication and other service industries. Due to the frequent use of touchscreens on POS machines, Wetouch has adopted the use of high-end materials which give its products’ a competitive advantage through their anti-scratch, high temperature resistance and long use life qualities.
Car Navigators and Entertainment Systems
Touchscreen products for car navigation and entertainment systems take advantage of the popularity of touchscreen consoles in motor vehicles. Wetouch touchscreens are particularly suitable for motor vehicles GPS and entertainment systems, due to their resistance to temperature variation. These touchscreens may be used in both inbuilt and external car systems.
ATM Machines and Other Financial Machines
ATMs and other similar machines use touchscreens or have a touchscreen function. The touchscreens need to have high-endurance capacities as they are used by the general public and are often located outdoors, such that these screens must withstand weathering. Wetouch’s products are particularly suited to use in these machines as they are highly durable.
Industrial Equipment
Touchscreens in the industrial sector have broad application, and play an important role in industrial HMI. Industrial HMI systems and equipment often require touchscreen functions. These touchscreens must be resistant to interference, stable and have good touch sensitivity. Wetouch’s products fully meet these requirements, being temperature variation resistant, dustproof and waterproof.
Gaming Machines
The new generation of gambling machines are commonly adopting a touchscreen function. Gaming machines with a touchscreen function provide an enhanced experience for uses via multi-touch sensory touch systems. Wetouch’s products are therefore popular amongst gambling machine manufacturers.
Lottery Machines
The self-service lottery ticket vending machine is provided with an operator-oriented touch display device, an input device, a modem, a cash register, printer and security authentication function. The touchscreen display facilitates easy and user-friendly operation of the lottery machine.
Ticket Machines and Kiosks
Self-service ticket machines and kiosks contain touchscreen interfaces which are durable and have a long use life. These self-service machines are used in daily lives, and as such there is a continuous demand for high quality and effective touchscreens. Wetouch’s products are widely used in these ticketing machines and kiosks.
NEWS
PUBLISHED
SEP 22, 2022
Wetouch Technology Inc. Announces Construction Progress on New Production Facility
PUBLISHED
SEP 7, 2022
Wetouch Technology Inc. (WETH) Announces FY2022 Financial Guidance
PUBLISHED
AUG 10, 2021
Wetouch Technology Inc. (WETH) Reports Second Quarter 2021 Unaudited Financial Results
PUBLISHED
MAY 26, 2021
Wetouch Technology Inc. (WETH) Reports First Quarter 2021 Unaudited Financial Results
Management
Guangde Cai – Chairman and Director
Mr. Cai has been our Company’s Chairman and Director since October 12, 2020. Mr. Cai has extensive experience in financing and the touchscreen industry. From August 1992 to August 1996, he worked at Hong Kong Lixin Group, first serving as Financial Manager and later as Financial Director of the group. From September 1996 to June 2003, he worked as Financial Director at Guangdong Midea Group. From July 2003 to December 2015, he worked as Project Manager at Mictouch China, responsible for the research, development, production and sales of infrared touchscreens. In 2006, he co-founded Damai and acted as General Manager, focusing on the research, development, production and sales of high-end five-wire resistive screen. By the end of 2007, Damai was relocated to Chengdu and renamed as Chengdu Wetouch where he works as General Manager. In 2011, he co-founded Sichuan Wetouch and in 2012, he founded Meishan Wetouch. Mr. Cai holds a Bachelor’s degree in Accounting from Sun Yat-sen University and a Master’s degree in Economics from Zhongnan University of Economics and Law. Mr. Cai’s management and extensive experience and his role as founder of Sichuan Wetouch led to the conclusion that he should serve as a director.
Zongyi Lian – Chief Executive Officer and President
Mr. Lian was appointed Chief Executive Officer and President on October 12, 2020. He has served as Chief Executive Officer of Sichuan Wetouch since November 21, 2017. In 2006, he co-founded Chongqing DamaiTouchscreen Computer Co., Ltd (“Damai”) (later renamed Chengdu Wetouch) and served as Vice Technique General Manager. In 2011, he co-founded Sichuan Wetouch and served as Vice Technique General Manager. Mr. Lian holds a Master’s degree in Automatic Control from National Chiao Tung University.
Yuhua Huang – Chief Financial Officer
Mr. Huang was appointed our Chief Financial Officer on October 12, 2020. He concurrently serves as Chief Financial Officer of Sichuan Wetouch, a position he has held since March 2018. From 2010 to 2013, he worked as an accountant at Liugong Group and, from 2014 to 2017, he served as Financial Manager at Shanghai Oriental Pearl Group Co., Ltd. Mr. Huang holds a Bachelor’s degree in accounting from Sichuan Institute of Industrial Technology. He was qualified as a CPA in China in 2004 and as an auditor in 2014, respectively.
Jiaying Cai – Secretary and Director
Ms. Cai has been our Company’s Secretary and Director since June 2020. She concurrently serves as the Chief Executive Officer and director of BVI Wetouch, our wholly-owned subsidiary, since its inception on August 14, 2020. From February 2017 to May 2019, Ms. Cai worked at Chengdu Wetouch Technology Co., Ltd, an affiliate of Guangde Cai, which specializes in the research, development, manufacturing and sales of capacitive touchscreens widely used in HMI and military industries, where she served as staff within the financial department, human resources department and purchasing department. In April 2020, she joined Chengdu Haobot Technology Co., Ltd and has been serving as its Legal Representative and General Manager until present. Ms. Cai holds a Bachelor’s degree in Music from The Sichuan Conservatory of Music and an EMBA degree from Sichuan University. Mr. Cai’s role at Chengu Wetouch led to the conclusion that she should serve as a director.
Jing Chen – Independent Director
Ms. Chen was appointed to our Company’s Board of Directors, effective November 12, 2021. She serves as the Group Vice President of Future Fintech Group Inc. (Nasdaq: FTFT). From May 2019 to November 2020, Ms. Chen served as the CFO of Future Fintech Group Inc. She served as the CFO of AnZhiXinCheng (Beijing) Technology Co., Ltd. from August 2018 to May 2019. Ms. Chen is an Independent Director of Hello iPayNow(Beijing) Company Ltd. since April 2019. From August 2017 to July 2018, she served as CFO of Beijing LogisTechnology Development Co., Ltd., a company listed on The National Equities Exchange and Quotations Co., Ltd. of China, which is a Chinese over-the-counter stock trading system. From June 2016 to July 2017, Ms. Chen served as Group Chief Financial Officer of Beijing AnWuYou Food Co., Ltd. Ms. Chen served as Chief Financial Officer of Beijing DKI Investment Management Co., Ltd. from August 2012 to May 2016. Ms. Chen received a Doctorate of Business Administration from Victoria University, Neuchatel, Switzerland and an MBA degree from City University of Seattle in Washington, U.S. Ms. Chen holds Fellow Membership of CPA Australia (FCPA), Fellow Membership of the Association of International Accountants U.K. (FAIA) and is a Member of the Chartered Institute of Management Accountants (CIMA). She is also a Senior Member of the International Financial Management (SIFM) accredited by the Ministry of Human Resources and Social Security of PRC. The Board believes Ms. Chen’s extensive public company and accounting experience makes her a valuable addition to the board.
Wang Wei – Independent Director
Mr. Wang was appointed to our Company’s Board of Directors, effective November 12, 2021. He has served as Vice Director of the Investment Banking Department of Chengdu Energy Investment Group since 2017. From 2007 to 2017, he has served as the Head of Technology (Touchscreen) of Ofilm Group, specializing in touchscreen R&D and process engineering management. Mr. Wang holds a BS in Engineering from the University of Electronic Science and Technology of China. The Board believes Mr. Wang’s extensive knowledge and background with regard to touchscreen technology and management makes him a valuable addition to the Board.
Jeffrey Kone – Independent Director
Mr. Kone was appointed to our Company’s Board of Directors, effective November 12, 2021. He has served as the founder of The Wall Street Resource, LLC, a podcast platform for public companies since 2019. From 2003 to 2019, Mr. Kone served as the Managing Member of Wall Street Capital Partners, L.P., an investment fund. From 1984 to 1994, he served as a broker at E.F. Hutton & Co., Merrill Lynch, and Roth Capital. Mr. Koneholds a BS in Business from the University of Southern California. The Board believes Mr. Kone’s extensive experience in corporate finance and investment makes him a valuable addition to the Board.
NEWS
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