Wetouch Technology
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Wetouch Technology's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $39,705,939. Profit margin reached 21%. Total operating expenses were $4,540,436.
Profit Margin
| 2019 | 40.00M | 13.71M | 34.29% |
|---|---|---|---|
| 2020 | 31.34M | 8.93M | 28.49% |
| 2021 | 40.78M | 17.38M | 42.63% |
| 2022 | 37.92M | 8.73M | 23.02% |
| 2023 | 39.70M | 8.26M | 20.81% |
WETH Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 39.70M | 37.92M | 40.78M | 31.34M | 40.00M |
Cost of revenue | 22.51M | 23.87M | 22.46M | 16.79M | 21.30M |
Gross profit | 17.19M | 14.05M | 18.31M | 14.55M | 18.70M |
Operating exp. | |||||
Research and development | 84.55K | 85.25K | 89.47K | 77.99K | 136.43K |
Selling and marketing | 608.52K | 1.28M | 630.50K | 264.55K | 0 |
Total operating expenses | 4.54M | 2.63M | 5.69M | 2.67M | 1.69M |
Operating income | 12.65M | 11.41M | 12.62M | 11.88M | 17.00M |
Other income (expenses), net | -303.34K | 668.57K | 9.17M | -1.40M | -559.81K |
Income before tax | 12.34M | 12.08M | 21.79M | 10.47M | 16.44M |
Income tax expense | 4.08M | 3.35M | 4.40M | 1.54M | 2.72M |
Net income | 8.26M | 8.73M | 17.38M | 8.93M | 13.71M |
Earnings per share | |||||
Basic EPS | 0.89 | 5.39 | 10.93 | 6.21 | 9.53 |
Diluted EPS | 0.88 | 4.74 | 10.65 | 6.16 | 9.46 |
| Data source | Data source | Data source | Data source |