Skip to content

WETOUCH TECHNOLOGY INC.: 10-Q filed 2024-08-19

What WETOUCH TECHNOLOGY INC. reported in its quarterly report filed 2024-08-19 (fiscal Q2 2024): 47 published measures, 133 facts as tagged in accession 0001213900-24-070737.

This filing

Form
10-Q (quarterly report)
Filed
2024-08-19
Fiscal period
fiscal Q2 2024
Accession
0001213900-24-070737 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All WETOUCH TECHNOLOGY INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2024-06-30125,910,057USD
At 2023-12-31119,641,398USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2024-06-303,447,528USD
At 2023-12-316,720,788USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2024-06-30122,462,529USD
At 2024-03-31120,539,241USD
At 2023-12-31112,920,610USD
At 2023-06-30109,414,492USD
At 2023-03-31110,946,460USD
At 2022-12-3168,834,187USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2024-06-3098,374,302USD
At 2023-12-3198,040,554USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2024-04-01 to 2024-06-302,701,694USD91
2024-01-01 to 2024-06-303,260,564USD182
2024-01-01 to 2024-03-31558,870USD91
2023-04-01 to 2023-06-304,672,983USD91
2023-01-01 to 2023-06-307,466,232USD181
2023-01-01 to 2023-03-312,793,249USD90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-5,335,907USD182
2023-01-01 to 2023-06-306,758,708USD181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2024-01-01 to 2024-06-30114,762USD182

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2024-04-01 to 2024-06-3012,234,575USD91
2024-01-01 to 2024-06-3027,111,834USD182
2023-04-01 to 2023-06-3012,774,432USD91
2023-01-01 to 2023-06-3026,207,893USD181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2024-01-01 to 2024-06-307,852,960USD182
2023-01-01 to 2023-06-3040,047,145USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-114,762USD182

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2024-06-3072,737,656USD
At 2023-12-3169,477,092USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2024-04-01 to 2024-06-3011,931,534shares91
2024-01-01 to 2024-06-3011,325,873shares182
2023-04-01 to 2023-06-309,682,721shares91
2023-01-01 to 2023-06-308,841,712shares181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2024-04-01 to 2024-06-3011,982,239shares91
2024-01-01 to 2024-06-3011,376,578shares182
2023-04-01 to 2023-06-309,779,349shares91
2023-01-01 to 2023-06-309,034,969shares181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2024-04-01 to 2024-06-300.23USD/shares91
2024-01-01 to 2024-06-300.29USD/shares182
2023-04-01 to 2023-06-300.48USD/shares91
2023-01-01 to 2023-06-300.84USD/shares181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2024-04-01 to 2024-06-300.23USD/shares91
2024-01-01 to 2024-06-300.29USD/shares182
2023-04-01 to 2023-06-300.48USD/shares91
2023-01-01 to 2023-06-300.84USD/shares181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2024-04-01 to 2024-06-301,099,331USD91
2024-01-01 to 2024-06-301,761,179USD182
2023-04-01 to 2023-06-301,556,095USD91
2023-01-01 to 2023-06-302,961,494USD181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2024-06-3012,672,986USD
At 2023-12-3112,859,863USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2024-04-01 to 2024-06-303,725,228USD91
2024-01-01 to 2024-06-306,030,303USD182
2023-04-01 to 2023-06-306,094,766USD91
2023-01-01 to 2023-06-3010,395,220USD181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2024-06-30113,237,071USD
At 2023-12-31106,781,535USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2024-01-01 to 2024-06-301,169,974USD182
2023-04-01 to 2023-06-3038,108USD91
2023-01-01 to 2023-06-3071,507USD181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2024-06-303,114,729USD
At 2023-12-316,342,417USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2024-06-30917,153USD
At 2023-12-31640,795USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2024-06-3010,826,787USD
At 2023-12-317,455,252USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2024-04-01 to 2024-06-301,135,590USD91
2024-01-01 to 2024-06-302,168,473USD182
2023-04-01 to 2023-06-30158,651USD91
2023-01-01 to 2023-06-301,896,997USD181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2024-06-30179,264USD
At 2023-12-31222,102USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2024-04-01 to 2024-06-304,860,818USD91
2024-01-01 to 2024-06-308,198,776USD182
2023-04-01 to 2023-06-306,253,417USD91
2023-01-01 to 2023-06-3012,292,217USD181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2024-04-01 to 2024-06-307,373,757USD91
2024-01-01 to 2024-06-3018,913,058USD182
2023-04-01 to 2023-06-306,521,015USD91
2023-01-01 to 2023-06-3013,915,676USD181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2024-04-01 to 2024-06-3043,211USD91
2024-01-01 to 2024-06-3085,949USD182
2023-04-01 to 2023-06-3020,384USD91
2023-01-01 to 2023-06-3041,269USD181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2024-06-3011,931,534shares
At 2023-12-319,732,948shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2024-06-3098,374,302USD
At 2023-12-3198,040,554USD
At 2023-06-3092,214,861USD
At 2022-12-3151,250,505USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2024-06-3052,501,680USD
At 2023-12-3143,514,125USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2024-06-30-9,983,831USD
At 2023-12-31-7,275,432USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2024-06-3012,700,560USD
At 2023-12-3112,883,211USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2023-12-31240,805USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2024-06-303,856,718USD
At 2023-12-311,063,627USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2024-04-01 to 2024-06-303,801,025USD91
2024-01-01 to 2024-06-305,021,743USD182
2023-04-01 to 2023-06-306,229,078USD91
2023-01-01 to 2023-06-3010,427,726USD181

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2024-04-01 to 2024-06-301,923,288USD91
2024-01-01 to 2024-06-30552,165USD182
2023-04-01 to 2023-06-30-1,531,968USD91
2023-01-01 to 2023-06-30580,305USD181

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2024-04-01 to 2024-06-30802,663USD91
2024-01-01 to 2024-06-301,333,016USD182
2023-04-01 to 2023-06-3056,907USD91
2023-01-01 to 2023-06-301,723,663USD181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2024-04-01 to 2024-06-302,482USD91
2024-01-01 to 2024-06-304,798USD182
2023-04-01 to 2023-06-302,372USD91
2023-01-01 to 2023-06-304,805USD181

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

PeriodValueUnitDays
2024-01-01 to 2024-06-301,169,974USD182
2023-04-01 to 2023-06-3038,108USD91
2023-01-01 to 2023-06-3071,507USD181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2024-04-01 to 2024-06-3075,797USD91
2024-01-01 to 2024-06-30-1,008,560USD182
2023-04-01 to 2023-06-30134,312USD91
2023-01-01 to 2023-06-3032,506USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2024-01-01 to 2024-06-301,186,210USD182

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2024-01-01 to 2024-06-30659,419USD182
2023-01-01 to 2023-06-302,961,494USD181

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2024-01-01 to 2024-06-308,989,754USD182

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-303,568,822USD182
2023-01-01 to 2023-06-305,597,334USD181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-36,878USD182
2023-01-01 to 2023-06-30-239,546USD181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-30293,217USD182
2023-01-01 to 2023-06-301,102,812USD181

Inspect the source

Entity
WETOUCH TECHNOLOGY INC. / CIK 0001826660
Captured
2026-09-21T17:35:48.327Z
SEC response SHA-256
dfc83427e1fa2abe425fb79ea62d7446e638f2df8d54fbb3de37507e59c718d1

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001826660.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))