Wetouch Technology Inc (WETH)

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Wetouch Technology Inc. (WETH) Announces FY2022 Financial Guidance

https://www.otcmarkets.com/stock/WETH/news/Wetouch-Technology-Inc-WETH-Announces-FY2022-Financial-Guidance?id=371563

Expects stable revenue from core products business in 2022, guiding to total revenue in the range of $36.0 million to $44.0 million.
Net income in the range of $9.0 million to $11.0 million.

Chengdu, China, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Wetouch Technology Inc. (OTC: WETH) ("Wetouch" or "the Company"), a specialty manufacturer of medium to large sized projected capacitive touchscreens, today announced its financial guidance for fiscal year 2022.

“We are very pleased by the strong demand trends we have seen in our business. Despite COVID-19 pandemic as well as continued global supply chain constraints, we expect stable revenue in fiscal year 2022, guiding to sales in the range of $36.0 million to $44.0 million.” commented Guangde Cai, the Chairman of Wetouch. “As a prominent player in the medium and wide-format touchscreen sector for applications such as GPS/car entertainment panels in mid-size and luxury cars, industrial HMI, financial and banking terminals, POS and lottery machines, Wetouch has been supplying to customers, including certain Fortune 500 companies. In 2022, Wetouch has received several purchase orders from our customers in Germany and Japan. We are excited to service and maintain good relationship with them. Although the challenges from the macro environment remains in the short term, we are very confident with business prospects and believe our seasoned management team, technology and quality products and services and years of experience servicing multinational corporate clients will create lasting shareholder value.”