IT Tech Packaging
ITP
Market cap $2.57M

0.2550 USD

+0.0080

3.24%

At close Nov 14, 4:00 PM EST

After hours

0.2422

-0.0128

5.02%

1 day

3.24%

5 days

10.87%

1 month

-15.28%

3 months

9.21%

6 months

7.10%

Year to date

-17.74%

1 year

-20.31%

5 years

-97.08%

10 years

-97.89%

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 6,759 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 Results of 2024 Annual General Meeting of Stockholders

BAODING, China , Nov. 1, 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 the results of the Company's 2024 Annual General Meeting of Stockholders (the "Annual Meeting") held at the Company's production base in Wei County, Hebei Province, China on October 31, 2024 (local time). At the Annual Meeting, IT Tech Packaging's stockholders: Elected three Class II directors (Zhengyong Liu, Fuzeng Liu and Lusha Niu) to serve on the Board of Directors of the Company, with such Class II directors to serve until the 2026 Annual Meeting of Stockholders or until their respective successors have been duly elected and qualified, Ratified the appointment of GGF CPA Limited as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, Conducted an advisory vote on the compensation of the Company's executive officers who are named in the Summary Compensation Table of the Company's 2024 Proxy Statement, and approved such compensation; and Conducted an advisory vote on the frequency of future advisory votes on the compensation of the Company's executive officers, and approved that option that executive compensation votes to be conducted every three (3) years.

IT Tech Packaging Inc. Announces Results of 2024 Annual General Meeting of Stockholders

IT Tech Packaging, Inc. Reminds Stockholders of Importance of Voting at Annual Meeting of Stockholders to be held on October 31, 2024

- Every stockholder's vote is important, regardless of the number of shares held - Every vote counts towards the quorum required to hold the meeting - Contact Advantage Proxy, Inc. at 1-877-870-8565 or 1-206-870-8565 for Assistance with Voting BAODING, China, Oct. 15, 2024 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP), a leading manufacturer and distributor of diversified paper products in North China, today reminds stockholders that have not yet voted to vote without delay "FOR" the company's proposals as disclosed in the proxy statement at www.sec.gov. The annual meeting will be held on October 31, 2024 at 10:00 a.m.

IT Tech Packaging, Inc. Reminds Stockholders of Importance of Voting at Annual Meeting of Stockholders to be held on October 31, 2024

IT Tech Packaging, Inc. to Hold Annual Meeting of Stockholders on October 31, 2024

BAODING, China , Sept. 9, 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 that it has filed a definitive proxy statement for its 2024 annual meeting of stockholders and expects to hold its 2024 annual meeting of stockholders on October 31, 2024 (local time) at its production base in Wei County, Hebei Province, China.

IT Tech Packaging, Inc. to Hold Annual Meeting of Stockholders on October 31, 2024

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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