IT TECH PACKAGING, INC. ITP
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
0.16
2026-09-04
Market cap
$2.7M
2025-09-30 share count
52-week range
0.15 - 0.39
Valuation FY2024 figures against the last close
P/S0.0x
P/E—
P/FCF0.5x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.98
Annual financial statements
Income statement
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -1.66 | 0.10 | -0.21 | 0.10 | -0.49 | 0.08 | 0.34 | 0.57 |
| EPS, diluted | -0.98 | -0.99 | -1.66 | 0.10 | -0.21 | 0.10 | -0.49 | 0.08 | 0.34 | 0.57 |
| Shares, diluted (wtd. avg.) | $10.1M | $10.1M | $10.0M | $9.1M | $26.5M | $22.0M | $21.6M | $21.5M | $21.4M | $20.3M |
Balance sheet
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 2670
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| KMB | KIMBERLY CLARK CORP | $34.91B | 17.3x | -2.1% |
| AVY | Avery Dennison Corp | $13.27B | 19.9x | 1.1% |
| PACK | Ranpak Holdings Corp. | $389.3M | — | 5.5% |
| DSY | Big Tree Cloud Holdings Ltd | — | — | -65.1% |