Issue 002 | U.S. Pilot | US

WETH

Wetouch Technology Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-15 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 87.5%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 132,723,600USD
Total Liabilities: 4,116,768USD
NCAV: 128,606,832USD
Cash: 120,518,189USD
NCAV per share: 10.78USD/share
Evidence: 6 annual | 25 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2020-12-31 10-K Open filing
Period-end Shares Outstanding	11,931,53411,931,534	11,931,53411,931,534	8,52311,931,534	8,52311,931,534	8,52311,931,534	8,52311,931,534	42611,931,534	42611,931,534	42611,931,534	3489,732,948	3489,732,948	6,925193,904,965	6,914193,604,965	1,20033,604,965	23833,345,541	22932,039,035	22731,811,523	22731,811,523	22731,811,523	22731,811,523	22531,500,693
Weighted-average Basic Shares	11,931,53411,931,534	11,931,53411,931,534	8,52311,931,534	8,52311,931,534	8,52311,931,534	8,30711,630,358	42611,931,534	42611,931,534	47713,342,294	3329,285,815	3479,712,404	6,916193,654,416	5,708159,827,187	1,15832,410,223	23232,464,182	22931,991,065	22731,811,523	22731,811,523	22731,811,523	22731,811,523	20628,774,886
Weighted-average Diluted Shares	11,931,53411,931,534	11,931,53411,931,534	8,52311,931,534	8,52311,931,534	8,52311,931,534	8,34411,681,063	42811,982,239	42811,982,239	47813,392,999	3359,375,105	3509,794,357	6,985195,586,979	5,788162,059,750	1,31736,875,349	24634,384,816	23332,605,193	23332,653,163	23332,653,163	23332,653,163	23332,653,163	20728,985,246
Basic EPS	00	11	11	00	00	11	11	00	00	11	11	00	00	00	00	00	00	11	11	00	00
Diluted EPS	00	11	11	00	00	11	11	00	00	11	11	00	00	00	00	00	00	11	11	00	00
Basic-to-Diluted Share Difference	0.0%	0.0%	0.0%	0.0%	0.0%	0.4%	0.4%	0.4%	0.4%	1.0%	0.8%	1.0%	1.4%	13.8%	5.9%	1.9%	2.6%	2.6%	2.6%	2.6%	0.7%
Net Share Count Change	0.0%	139900.0%	0.0%	0.0%	0.0%	1900.0%	0.0%	0.0%	22.6%	0.0%	-95.0%	0.2%	476.1%	403.9%	4.1%	0.7%	0.0%	0.0%	0.0%	1.0%	Insufficient evidence
Ownership Claim Change	0.0%	-99.9%	0.0%	0.0%	0.0%	-95.0%	0.0%	0.0%	-18.4%	0.0%	1892.3%	-0.2%	-82.6%	-80.2%	-3.9%	-0.7%	0.0%	0.0%	0.0%	-1.0%	Insufficient evidence

Verified split events: reverse 70.0 on 2020-09-30; reverse 5.0 on 2023-02-17; reverse 20.0 on 2024-12-31; reverse 20.0 on 2025-12-31; reverse 70.0 on 2026-03-31

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2020-12-31 10-K USD
Revenue	14,202,012	14,939,818	39,705,939	37,923,112	40,687,624	31,345,951
Operating Income	9,966,327	9,317,407	12,650,284	11,414,669	12,624,522	11,880,908
Net Income	7,160,510	6,031,158	8,264,331	8,730,446	17,385,966	8,930,378
Cash From Operations	7,391,570	1,069,078	12,724,389	8,586,243	14,051,434	12,962,753
Capex	-322,304	-271,830	-2,263,549	-11,695,448	-11,695,448	-5,006
Free Cash Flow	7,069,266	797,248	10,460,840	-3,109,205	2,355,986	12,957,747
Cash And Equivalents	118,363,448	103,760,324	98,040,554	51,250,505	46,163,704	23,963,861
Accounts Receivable	6,505,038	7,504,630	7,455,252	9,057,741	7,991,037	11,926,835
Inventory	45,202	112,327	222,102	423,276	244,381	402,050
Total Current Assets	126,103,304	114,139,861	106,781,535	62,182,142	56,845,016	36,597,808
Total Assets	140,637,048	128,019,463	119,641,398	73,105,752	68,678,318	47,063,699
Total Current Liabilities	3,243,571	2,951,192	6,342,417	4,014,608	3,241,675	2,276,711
Total Liabilities	3,243,571	3,433,798	6,720,788	4,271,565	4,370,310	2,709,917
Shareholders Equity	137,393,477	124,585,665	112,920,610	68,834,187	64,308,008	44,353,782
Shares Outstanding	11,931,534	8,523	426	6,914	227	227
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	11,931,534	8,344	335	1,317	233	207
Weighted Avg Shares Basic	11,931,534	8,307	332	1,158	227	206
Net Share Count Change (Normalized)	139900.0%	1900.0%	0.0%	403.9%	0.0%	Insufficient evidence
Ownership Claim Change (Normalized)	-99.9%	-95.0%	0.0%	-80.2%	0.0%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-12-31 10-K USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	5,312,144	1,401,154	1,401,155	3,807,820	4,004,528	4,988,509	961,303	961,304	4,108,778	4,366,950	5,502,786	2,374,441	2,374,441	11,123,605	12,774,432	13,433,461	2,552,613	2,552,613	11,623,018	11,752,934	11,994,547	3,671,008	3,670,835	11,165,980	15,234,885
Operating Income	5,086,344	-215,618	-215,618	3,126,307	3,082,904	3,972,734	-195,797	-195,737	3,483,012	3,725,228	2,304,904	-2,030,416	-2,030,416	4,285,480	6,094,766	4,300,454	-808,116	-808,116	4,738,333	4,054,039	3,430,413	-28,386	-42,029	4,339,224	6,939,835
Net Income	3,866,306	-171,232	-171,232	2,527,192	2,241,828	2,562,722	109,895	109,895	2,660,699	2,701,694	558,870	-2,060,869	-2,060,869	2,858,968	4,672,983	2,793,249	-52,296	-52,296	3,289,524	2,930,705	2,562,513	682,142	682,142	3,275,475	5,067,100
Cash From Operations	519,501	-1,095,749	-1,095,749	3,810,919	2,636,672	2,039,728	1,814,115	1,814,115	4,590,870	3,881,637	-9,217,544	3,716,415	3,716,415	2,249,266	4,042,169	2,716,539	3,817,320	3,817,320	3,270,178	2,936,492	-1,437,747	1,035,991	1,035,991	1,862,008	-2,613,934
Capex	n/a	n/a	n/a	-4,442	-3,473	-111,289	-152,626	-152,626	-4,442	-3,473	-111,289	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-146,627	n/a
Free Cash Flow	n/a	n/a	n/a	3,806,477	2,633,199	1,928,439	1,661,489	1,661,489	4,586,428	3,878,164	-9,328,833	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1,715,381	n/a
Cash And Equivalents	120,518,189	118,363,448	118,363,448	113,194,898	110,452,470	106,407,564	103,760,324	103,760,324	106,737,492	98,374,302	94,796,450	98,040,554	98,040,554	93,936,779	92,214,861	93,258,248	51,250,505	51,250,505	45,549,273	45,145,800	44,820,433	46,163,704	46,163,704	54,067,358	52,594,357
Total Current Assets	132,723,600	126,103,304	126,103,304	125,175,826	123,159,576	119,822,897	114,139,861	114,139,861	120,018,428	113,237,071	110,035,893	106,781,535	106,781,535	109,115,753	107,404,114	107,664,535	62,182,142	62,182,142	61,409,627	62,175,446	61,432,968	56,845,016	56,845,016	66,943,307	64,554,841
Total Liabilities	4,116,768	3,243,571	3,243,571	4,741,190	5,219,006	5,797,125	3,433,798	3,433,798	3,668,530	3,447,528	2,607,957	6,720,788	6,720,788	7,716,182	8,375,212	7,686,343	4,271,565	4,271,565	6,510,610	7,030,086	6,075,089	4,370,310	4,370,310	2,255,011	3,136,374
Shares Outstanding	11,931,534	11,931,534	11,931,534	8,523	8,523	8,523	11,931,534	8,523	426	426	426	9,732,948	348	348	6,939	6,914	33,604,965	6,914	238	229	229	31,811,523	227	227	227
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	11,931,534	11,931,534	11,931,534	8,523	8,523	8,523	11,681,063	6,706	428	428	478	9,375,105	9,285,815	350	6,985	5,788	36,875,349	1,191	1,637,024	233	233	32,653,163	233	233	233
Weighted Avg Shares Basic	11,931,534	11,931,534	11,931,534	8,523	8,523	8,523	11,630,358	6,670	426	426	477	9,285,815	9,285,815	347	6,916	5,708	32,410,223	1,191	1,639,881	229	227	31,811,523	227	227	227
Net Share Count Change (Normalized)	0.0%	139900.0%	139900.0%	0.0%	0.0%	0.0%	1900.0%	1900.0%	0.0%	0.0%	22.6%	0.0%	0.0%	-95.0%	0.2%	476.1%	403.9%	403.9%	4.1%	0.7%	0.0%	0.0%	0.0%	0.0%	1.0%
Ownership Claim Change (Normalized)	0.0%	-99.9%	-99.9%	0.0%	0.0%	0.0%	-95.0%	-95.0%	0.0%	0.0%	-18.4%	0.0%	0.0%	1892.3%	-0.2%	-82.6%	-80.2%	-80.2%	-3.9%	-0.7%	0.0%	0.0%	0.0%	0.0%	-1.0%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	132,723,600USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001826660/companyfacts.json Data Vault \| sec/companyfacts/cik=0001826660/companyfacts.json
Total Liabilities	4,116,768USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001826660/companyfacts.json Data Vault \| sec/companyfacts/cik=0001826660/companyfacts.json
Cash	120,518,189USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001826660/companyfacts.json Data Vault \| sec/companyfacts/cik=0001826660/companyfacts.json
Shares Outstanding	11,931,534	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001826660/companyfacts.json Data Vault \| sec/companyfacts/cik=0001826660/companyfacts.json
NCAV	128,606,832USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	10.78USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	87.5%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001826660
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001826660/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001826660/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 22
Imported At: 2026-08-15T12:53:03+00:00
Rendered At: 2026-08-16T03:29:43+00:00

Run Audit

Mary Run: f75c5d221f074da8a489fba328e8ef51
Mary As Of: 2026-07-18
Accession: 0001213900-26-057874
CIK: 0001826660
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 87.5%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2026-05-15; mary_accession=0001213900-26-057874; mary_cik=0001826660; gnni_supporting_filing_date=2026-05-15; internal_discount=0.874753; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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