Wetouch Technology Inc. (NASDAQ: WETH)

Wetouch Technology Inc. engages in the research, development, manufacturing, sales and servicing of medium to large sized projected capacitive touchscreens. The company specializes in large format touchscreens used in financial terminals, automotive systems, point of sale equipment, gaming and lottery machines, medical devices, human machine interface applications and other specialized industries. Its product portfolio includes glass glass, glass film film, plastic glass and glass film configurations ranging from 7.0 inch to 42 inch screens.

The company generates revenue primarily through the sale of its touchscreen products to customers in mainland China and abroad. For the year ended December 31, 2025, revenue totaled approximately $45.1 million, compared with $42.3 million for the year ended December 31, 2024. Domestic sales accounted for about 68.5% of 2025 revenue and 64.7% of 2024 revenue, while international sales made up the remaining 31.5% and 35.3%, respectively.

Wetouch Technology Inc. operates in a competitive touchscreen market where it differentiates itself by focusing on medium to large sized displays for specialized industrial applications. The company cites competitors such as Apex Material Technology Corp., Elo Touch Systems Inc. and AbonTouch System Inc., which have broader product lines but less emphasis on the large format niche. Wetouch’s advantages include long product life, low maintenance, strong anti interference and anti corrosion capabilities, multi touch functionality and high light transmittance, which together support its position in industries requiring durable and reliable touch interfaces.

The company serves a diverse customer base that includes manufacturers of automotive navigation and entertainment systems, point of sale terminals, gaming and lottery equipment, medical devices and industrial human machine interface equipment. For the year ended December 31, 2025, the top five customers each accounted for more than 10% of revenue, representing approximately 24.3%, 17.3%, 15.6%, 13.3% and 11.1% of total sales, or 81.7% in aggregate. Similar concentration existed in 2024, with the top five customers contributing 22.0%, 19.1%, 15.3%, 14.5% and 11.5% of revenue, totaling 82.4% of sales.