IT TECH PACKAGING, INC. ITP

Basic materials SIC 2670 - Converted Paper & Paperboard Prods (No Contaners/Boxes) NAICS Manufacturing › Paper Manufacturing › Converted Paper Product Manufacturing derived NYSE

IT Tech Packaging, Inc.

(the "Company," "IT Tech Packaging," or "ITP") is not an operating company but a Nevada holding company

with operations primarily conducted by its subsidiaries and through contractual arrangements with Hebei Baoding Dongfang Paper Milling

Company Limited, a People's Republic of China company ("Dongfang Paper"), the variable interest entity, or VIE, based

Last close 0.13 2026-10-23
Market cap $2.2M 2025-09-30 share count
52-week range 0.12 - 0.33

Valuation FY2024 figures against the last close

P/S0.0x
P/E—
P/FCF0.4x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.98

Annual financial statements

Income statement

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Revenue $75.8M$86.5M$100.4M$160.9M$100.9M$117.6M$86.7M$117.0M$134.7M$135.3M
Cost of revenue $69.1M$85.5M$95.6M————$97.1M$109.2M$107.4M
Gross profit $6.7M$999.9K$4.8M$11.0M$5.7M$13.7M$5.8M$20.0M$25.5M$27.9M
R&D $99.6K$90.8K$145.5K$101.4K$69.2K$74.8K$30.2K$31.9K$21.6K$28.4K
SG&A $14.8M$9.1M$10.1M$9.6M$11.2M$9.8M$13.1M$11.3M$12.4M$9.7M
Operating income -$8.2M-$9.6M-$5.3M$1.5M-$5.5M$3.9M-$11.2M$4.7M$13.0M$18.2M
Interest expense $762.4K$984.5K$1.0M$1.1M$1.0M$926.4K$1.5M$2.4M$2.6M$3.2M
Pre-tax income -$9.0M-$9.6M-$4.9M$6.5M-$6.7M$3.3M-$12.4M$2.3M$10.4M$15.7M
Income tax $879.2K$347.0K$11.7M$5.5M$1.1M$1.1M$1.9M$662.8K$3.1M$4.1M
Net income -$9.8M-$9.9M-$16.6M$905.5K-$5.6M$2.2M-$10.5M$1.7M$7.3M$11.5M
EPS, basic -0.98-0.99-1.660.10-0.210.10-0.490.080.340.57
EPS, diluted -0.98-0.99-1.660.10-0.210.10-0.490.080.340.57
Shares, diluted (wtd. avg.) 10.1M10.1M10.0M9.1M26.5M22.0M21.6M21.5M21.4M20.3M

Balance sheet

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Cash and equivalents $7.0M$4.4M$9.5M$11.2M$4.1M$5.8M$12.1M$9.0M$4.5M$2.6M
Receivables $287.6K$575.5K————————
Inventory $2.4M$3.6M$2.9M$5.8M$1.2M$1.6M$2.9M$8.5M$5.6M$9.2M
Total current assets $28.5M$28.4M$47.2M$55.5M$14.9M$24.0M$24.2M$20.0M$14.5M$26.3M
Property, plant and equipment $146.9M$164.0M$151.6M$126.6M$145.1M$151.6M$167.8M$189.4M$187.7M$206.2M
Total assets $177.5M$194.7M$204.4M$241.5M$199.9M$190.2M$203.1M$219.0M$208.4M$238.6M
Accounts payable $1$5.0K$5.0K$10.3K$592.4K$250.5K$629.1K$422.7K$560.0K$253.4K
Short-term debt $3.6M$6.9M$4.8M$6.0M$6.4M—————
Total current liabilities $20.1M$21.4M$17.6M$20.4M$18.3M$16.8M$29.6M$21.8M$20.6M$40.2M
Long-term debt $1.1M$4.5M$4.2M$9.8M$9.6M$4.4M$4.5M$8.2M$8.1M$8.6M
Total liabilities $21.5M$26.4M$23.1M$25.8M$24.8M$24.2M$36.5M$33.7M$35.6M$62.8M
Retained earnings $73.8M$83.6M$93.6M———————
Total equity $156.1M$168.3M$181.3M$215.7M$175.1M$166.0M$166.5M$185.3M$172.8M$175.8M

Cash flow

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Operating cash flow $6.3M$12.9M$10.7M-$2.4M$16.1M$7.5M$9.2M$18.2M$15.3M$21.2M
Depreciation and amortisation —$14.2M$14.8M———————
Stock-based compensation ——$156.0K—$1.3M—$470.4K—$1.4M—
Capital expenditure $329.6K$22.3M$4.5M$25.1M$21.1M$6.4M$2.2M$9.4M$11.6M$19.3M
Investing cash flow -$329.6K-$22.2M-$10.9M-$25.1M-$20.5M-$7.9M-$2.2M-$9.3M-$11.5M-$19.3M
Financing cash flow -$3.3M$4.4M-$879.6K$34.2M$2.1M-$5.8M-$3.2M-$4.9M-$3.7M-$2.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-25-031072.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -50M 0 50M 100M 150M 200M Revenue, FY2015: 135.3M Gross profit, FY2015: 27.9M Net income, FY2015: 11.5M Revenue, FY2016: 134.7M Gross profit, FY2016: 25.5M Net income, FY2016: 7.3M Revenue, FY2017: 117M Gross profit, FY2017: 20M Net income, FY2017: 1.7M Revenue, FY2018: 86.7M Gross profit, FY2018: 5.8M Net income, FY2018: -10.5M Revenue, FY2019: 117.6M Gross profit, FY2019: 13.7M Net income, FY2019: 2.2M Revenue, FY2020: 100.9M Gross profit, FY2020: 5.7M Net income, FY2020: -5.6M Revenue, FY2021: 160.9M Gross profit, FY2021: 11M Net income, FY2021: 905.5K Revenue, FY2022: 100.4M Gross profit, FY2022: 4.8M Net income, FY2022: -16.6M Revenue, FY2023: 86.5M Gross profit, FY2023: 999.9K Net income, FY2023: -9.9M Revenue, FY2024: 75.8M Gross profit, FY2024: 6.7M Net income, FY2024: -9.8M FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Fiscal year FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue $135.3M $134.7M $117.0M $86.7M $117.6M $100.9M $160.9M $100.4M $86.5M $75.8M
Gross profit $27.9M $25.5M $20.0M $5.8M $13.7M $5.7M $11.0M $4.8M $999.9K $6.7M
Net income $11.5M $7.3M $1.7M -$10.5M $2.2M -$5.6M $905.5K -$16.6M -$9.9M -$9.8M

Recent filings and events

  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Auditor changed Item 4.01
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2670

TickerCompanyMarket capP/ERevenue growth
KMB KIMBERLY CLARK CORP $36.63B 18.1x -2.1%
AVY Avery Dennison Corp $13.78B 20.7x 1.1%
PACK Ranpak Holdings Corp. $315.6M — 5.5%
DSY Big Tree Cloud Holdings Ltd — — -65.1%