IT Tech Packaging
ITP

$0.2343

1.55%

Market Cap: $2.36M

About: IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into three segments Dongfang Paper and Tengsheng Paper, which produces offset printing paper, corrugating medium paper and tissue paper, and Baoding Shengde, which produces face masks and digital photo paper.

Employees: 383

Materials Converted Paper & Paperboard Products, Except Containers & Boxes

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

11% more funds holding

Funds holding: 9 [Q1] → 10 (+1) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 2

0.13% less ownership

Funds ownership: 3.8% [Q1] → 3.67% (-0.13%) [Q2]

14% less capital invested

Capital invested by funds: $99.7K [Q1] → $86.2K (-$13.5K) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for ITP.

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Financial journalist opinion

IT Tech Packaging, Inc. Announces Second Quarter 2024 Unaudited Financial Results

BAODING, China , Aug. 12, 2024 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP) ("IT Tech Packaging" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Unaudited Financial Results For the Three Months Ended June 30, ($ millions) 2024 2023 % Change Revenues 26.25 30.02 -12.56 % Regular Corrugating Medium Paper ("CMP")* 21.98 21.93 0.24 % Light-Weight CMP** 4.23 4.54 -6.93 % Offset Printing Paper - 3.16 n/a Tissue Paper Products - 0.34 n/a Face Masks - 0.04 n/a Gross profit (loss) 3.27 1.18 176.75 % Gross profit margin 12.44 % 3.93 % 8.51 pp**** Regular Corrugating Medium Paper ("CMP")* 12.22 % 6.81 % 5.41 pp**** Light-Weight CMP** 12.82 % 7.14 % 5.68 pp**** Offset Printing Paper - 2.42 % n/a Tissue Paper Products*** - -206.06 % n/a Face Masks - -8.06 % n/a Operating income (loss) 0.55 -0.52 205.60 % Net income (loss) -0.08 -1.25 93.80 % EBITDA 3.93 2.83 38.87 % Basic and Diluted earnings (loss) per share -0.01 -0.12 -93.33 % * Products from PM6 ** Products from PM1 *** Products from PM8 and PM9 **** pp represents percentage points Revenue decreased by 12.56% to approximately $26.25 million, mainly due to the production suspension of offset printing paper and tissue paper products in the second quarter of 2024.

IT Tech Packaging, Inc. Announces Second Quarter 2024 Unaudited Financial Results

IT Tech Packaging, Inc. Announces First Quarter 2024 Unaudited Financial Results

BAODING, China, May 10, 2024 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP) ("IT Tech Packaging" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced its unaudited financial results for the first quarter ended March 31, 2024. Mr. Zhenyong Liu commented: "In the first quarter of FY2024, we realized revenue of approximately $6.86 million with a profit of $0.40 million.

IT Tech Packaging, Inc. Announces First Quarter 2024 Unaudited Financial Results

IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

BAODING, China , March 27, 2024 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP) ("IT Tech Packaging" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced its unaudited financial results for the fourth quarter and audited financial results for the fiscal year ended December 31, 2023. Mr. Zhenyong Liu, Chairman and Chief Executive Officer of the Company, commented, " In 2023, the company achieved a revenue of $86.55 million and a gross profit of $1.00 million.

IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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