New York, May 31, 2026, 17:01 EDT
Wetouch Technology Inc. heads into June under pressure after a holiday-shortened week in which its Nasdaq-listed shares fell about 13%, ending Friday’s regular session at $1.39 despite a late-week company update tied to Siemens. The stock slipped 0.7% on Friday, with 89,793 shares traded, after closing the prior Friday at $1.60.
That matters now because there is no Sunday tape to judge. Nasdaq’s regular stock trading runs Monday through Friday from 9:30 a.m. to 4:00 p.m. Eastern Time, and U.S. markets were closed on Monday, May 25, for Memorial Day.
Wetouch remains a micro-cap, meaning a company with a very small market value. The company’s market capitalization was about $16.6 million, and its last quoted price was $1.39, leaving the stock exposed to sharp moves on modest order flow.
The shares also lagged the broader market. Wall Street’s main indexes hit record closing highs on Friday, with the Nasdaq Composite up 0.20% and the S&P 500 up 0.22%, according to Reuters market data.
The company news was constructive on its face. Wetouch said on Thursday that its Chengdu Weidaqi Photoelectric subsidiary received Siemens Industrial Automation Products (Chengdu)’s “Collaboration Star 2025” award for project collaboration, technical support, product quality and delivery. Chief Executive Zongyi Lien called it a “strong endorsement” of the company’s technology, quality, delivery and service. ACCESS Newswire
Wetouch said it had previously entered Siemens’ supply system for high-end industrial HMI product lines and some PLC-related projects. HMI means human-machine interface, the screens and controls people use to operate machines; a PLC, or programmable logic controller, is a rugged computer used to run industrial equipment. The company had estimated those projects could add about $10 million in annual revenue during the contract period, while saying any future order volume would depend on demand, project timing and market conditions.
The earnings backdrop is stronger than the stock chart. Wetouch reported first-quarter revenue of $16.3 million, up 6.5% from a year earlier, and net income of $3.9 million, up 50%. Earnings per share, or profit divided by each share, rose to $0.32 from $0.21. Gross margin, the share of revenue left after production costs, narrowed to 35.7% from 36.9% because of higher labor and material costs.
Zongyi Lian, named as chief executive in the earnings release, said the company had achieved “solid revenue growth” and still saw demand in domestic and selected international markets. The company also said construction of its new Chengdu production facility remained underway, with completion expected in the first half of 2027 and production due to start by the end of that year. ACCESS Newswire
For 2025, Wetouch reported revenue of $45.1 million, up 6.6%, and net income of $7.2 million, up 20%. China accounted for about 68.5% of total revenue, while overseas sales made up 31.5%, mainly from Taiwan, South Korea and other markets including Europe.
The competitive read is narrow. Wetouch competes in touch display niches where larger players also operate: TPK describes itself as a touch-technology manufacturer offering R&D, design and mass production services, while AUO says it provides display-centric products and solutions across smart mobility, industrial intelligence, retail, healthcare and other sectors. Wetouch’s Siemens update is therefore less about a broad display rally and more about keeping a place in a demanding industrial supply chain.
The risk is that the Siemens recognition does not quickly become fresh orders, or that thin trading keeps the stock volatile even when results look better. Wetouch’s annual report lists risks including cyclical swings in the touchscreen display industry, intense competition, China regulatory and currency issues, and possible Nasdaq delisting if it fails to meet timely filing or minimum bid-price rules.
The week ahead may be shaped as much by the market as by Wetouch. Reuters reported that investors will watch the June 5 U.S. payrolls report and Broadcom results, with rate expectations and bond yields still a risk for equities. Chuck Carlson, CEO at Horizon Investment Services, said tech had been the “fuel for this market”; for Wetouch, the test is whether that risk appetite reaches small industrial-technology names after a rough four-day trading week. Reuters
