IT Tech Packaging Inc

IT Tech Packaging, Inc. is a holding company, which engages in the production and distribution of paper products. It operates through the Dongfang Paper and Baoding Shengde segments. The Dongfang Paper segment produces printing paper and corrugating medium paper. The Baoding Shengde segment produces digital photo paper. The company was founded by Liu Zhen Yong in 1996 and is headquartered in Baoding, China.

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IT Tech Packaging, Inc. (ITP) CEO Zhenyong Liu on Q4 2021 Results - Earnings Call Transcript

BAODING, China, March 15, 2022 /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, 2021. Mr. Zhenyong Liu, Chairman and Chief Executive Officer of the Company, commented, "We are pleased with our performance for the fiscal year 2021, as we demonstrated excellent revenue growth and improved business efficiencies.

IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2021 Financial Results

BAODING, China, March 8, 2022 /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 anticipates to release its financial results for the fourth quarter and fiscal year ended December 31, 2021 before the market opens on Tuesday, March 15, 2022. The Company also plans to file its annual report on Form 10-K for fiscal year ended December 31, 2021 on the same day.

IT Tech Packaging, Inc. to Announce Fourth Quarter and Fiscal Year 2021 Financial Results on March 15, 2022

BAODING, China, Jan. 4, 2022 /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 released a letter to shareholders from the Chairman of the Company's board of directors. Dear Shareholders, We are grateful for your continuous support.

IT Tech Packaging, Inc. Releases 2022 Chairman Letter

BAODING, China, Dec. 7, 2021 /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 the Company has officially started its surgical masks production after a month of trial production since the end of November 2021. The Company's surgical masks comply with China's pharmaceutical industry standard YY0469-2011.

IT Tech Packaging, Inc. Officially Starts its Surgical Masks Production

IT Tech Packaging, Inc. (ITP) CEO Zhenyong Liu on Q3 2021 Results - Earnings Call Transcript

BAODING, China, Nov. 12, 2020 /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 2021 Annual General Meeting of Stockholders (the "Annual Meeting") held at the Company's production base in Wei County, Hebei Province, China. at 10:00 a.m.

IT Tech Packaging, Inc. Announces Results of 2021 Annual General Meeting of Stockholders

BAODING, China, Nov. 10, 2021 /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 third quarter ended September 30, 2021. Third Quarter 2021 Unaudited Financial Results  For the Three Months Ended September 30,  ($ millions) 2020 2021  % Change  Revenues 33.36 45.09 35.2%  Regular Corrugating Medium Paper ("CMP")* 19.55 31.2 59.6%  Light-Weight CMP** 5.08 6.13 20.71%  Offset Printing Paper 6.13 4.80 -21.72%  Tissue Paper Products 2.38 2.81 18.13%   Face Masks 0.22 0.15 -31.2%  Gross profit 2.57 1.82 -29.1%  Gross profit (loss) margin 7.70% 4.04 -3.66 pp****  Regular Corrugating Medium Paper ("CMP")* 6.40% 2.94% -3.46 pp****  Light-Weight CMP** 9.44% 5.59% -3.85 pp****  Offset Printing Paper 18.89% 16.20% -2.69pp****  Tissue Paper Products*** -14.5% -8.74% -5.76 pp****  Face Masks 11.13% 20.44% 9.31pp****  Operating income (loss) 0.18 (0.20) -212.11%  Net income (loss) -0.52 1.54 396.09%  EBITDA 3.60 5.32 49.01%  Basic and Diluted earnings (loss) per share -0.02 0.03 500.0%  * Products from PM6  ** Products from PM1  *** Products from PM8 and PM9  **** pp represents percentage points   Revenue for the three months ended September 30, 2021 was $45,087,671, representing an increase of $11,730,220, or 35.17%, from $33,357,451 for the same period in the previous year.

IT Tech Packaging, Inc. Announces Third Quarter 2021 Financial Results

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BAODING, China, Nov. 4, 2021 /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 preliminary results for the quarter ended September 30, 2021. The Company anticipates filing its quarterly report on Form 10-Q for the period ended September 30, 2021 with the U.S. Securities and Exchange Commission and releasing its earnings after the market closes on Thursday, November 11, 2021.

IT Tech Packaging, Inc. Announces Unaudited Preliminary Financial Results for Third Quarter 2021

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, Nov. 1, 2021 /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 November 12, 2021 at 10:00 a.m.

IT Tech Packaging, Inc. Reminds Stockholders of Importance of Voting at Annual Meeting of Stockholders to be held on November 12, 2021

BAODING, China, Sept. 13, 2021 /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 preliminary proxy statement for its 2021 annual meeting of stockholders and expects to hold its 2021 annual meeting of stockholders on November 12, 2021 at its production base in Wei County, Hebei Province, China.

IT Tech Packaging, Inc. to Hold Annual Meeting of Stockholders on November 12, 2021

IT Tech Packaging, Inc. (ITP) CEO Zhenyong Liu on Q2 2021 Results - Earnings Call Transcript

IT Tech Packaging Inc (NYSE: ITP) reported second-quarter FY21 revenue growth of 76.5% year-on-year, to $46.53 million. Regular corrugating medium paper (CMP) revenue rose 74.1% Y/Y, Light-weight CMP increased 45.7%, offset printing paper gained 469.2%.

IT Tech Packaging Q2 Revenue Surges 76%

BAODING, China, Aug. 10, 2021 /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, announced today its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Unaudited Financial Results  For the Three Months Ended June 30,  ($ millions) 2021 2020  % Change  Revenues 46.53 26.36 76.5%  Regular Corrugating Medium Paper ("CMP")* 30.25 17.37 74.1%  Light-Weight CMP** 6.56 4.50 45.7%  Offset Printing Paper 7.18 1.26 469.2%  Tissue Paper Products 2.43 2.38 2.0%   Face Masks 0.11 0.85 -87.1%  Gross profit 3.03 2.56 18.4%  Gross profit (loss) margin 6.5% 9.7% -3.2 pp****  Regular Corrugating Medium Paper ("CMP")* 5.1% 9.0% -3.9 pp****  Light-Weight CMP** 6.7% 12.5% -5.8 pp****  Offset Printing Paper 17.8% 23.7% -5.9pp****  Tissue Paper Products*** -9.6% -15.7% 6.1 pp****  Face Masks 10.0% 59.5% -49.5 pp****  Operating income (loss) 0.43 -0.80 154.0%  Net loss -0.45 -0.98 -53.8%  EBITDA 9.03 2.90 210.9%  Basic and Diluted earnings (loss) per share -0.01 -0.04 75.8%  * Products from PM6  ** Products from PM1  *** Products from PM8 and PM9  **** pp represents percentage points Revenue increased by 76.5% to $46.53 million, primarily attributable to the increase in sales volume of CMP and offset printing paper, as well as the increase in Average Selling Prices ("ASPs") of CMP and tissue paper products.

IT Tech Packaging, Inc. Announces Second Quarter 2021 Unaudited Financial Results

BAODING, China, Aug. 3, 2021 /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 the Company anticipates filing its 2021 second quarter report on Form 10-Q with the Securities and Exchange Commission and releasing its earnings before the market opens on Tuesday, August 10, 2021. The Company will host a conference call to discuss its second quarter 2021 financial results at 8:00 am Eastern Time (8:00 PM Beijing/Hong Kong Time) on Wednesday, August 11, 2021.

IT Tech Packaging, Inc. to Announce Financial Results for Second Quarter Fiscal Year 2021 on August 10, 2021

BAODING, China, July 28, 2021 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP) ("ITP" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that the Company has donated disaster relief household goods including masks and daily-use papers to Xinxiang of China Henan province, where flooding caused by days of heavy rainfalls has drastically hit the region. The goods were sent from Xingtai city and have now been delivered to a donation point at a middle school in Xinxiang, in order to safeguard the basic living standard for local people.

IT Tech Packaging, Inc. Announces Donation of Disaster Relief Goods to Xinxiang of China Henan Province

BAODING, China, July 6, 2021 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP) ("ITP" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that the Company's tissue paper research and development center has received a Level B scale-above Certification as an industrial R&D enterprise institution in Hebei province after on-site inspection by regulators. ITP has also been granted six new utility patent certificates on paper manufacturing related equipments by the State Intellectual Property Office.

IT Tech Packaging, Inc. Announces Its Tissue Paper R&D Center Receives Level B Scale-Above Certification as An Industrial R&D Enterprise Institution

The stock price of IT Tech Packaging Inc (NYSEAMERICAN: ITP) increased by over 28% during intraday trading this morning. This is why it happened.

ITP Stock Price: Over 28% Increase Explanation

BAODING, China, May 26, 2021 /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 the Company has officially obtained approval for surgical mask products from local Food and Drug Administration (FDA) in China Hebei province. IT Tech Packaging has also shown the result in public for the required period of time and is now eligible to produce (aseptic) single-use surgical and surgical masks.

IT Tech Packaging, Inc. Officially Obtains FDA Approval for Surgical Mask Products

IT Tech Packaging, Inc. (ITP) CEO Zhenyong Liu on Q1 2021 Results - Earnings Call Transcript

BAODING, China, May 11, 2021 /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, 2021.  For the Three Months Ended March 31,  ($ millions) 2021 2020  % Change  Revenues 24.21 8.74 176.9%  Regular Corrugating Medium Paper ("CMP")* 16.96 5.72 196.5%  Light-Weight CMP** 3.75 2.02 85.9%  Offset Printing Paper 2.12 NM  NM  Tissue Paper Products 1.25 1.01 24.4%   Face Masks 0.13 NM NM  Gross profit 1.83 -0.17 1178.8%  Gross profit (loss) margin 7.5% -1.9% 9.4 pp****  Regular Corrugating Medium Paper ("CMP")* 8.5% 4.9% 3.6 pp****  Light-Weight CMP** 10.9% 12.9% -2.0 pp****  Offset Printing Paper 19.4% NM NM  Tissue Paper Products*** -36.5% -70.7% 34.3 pp****  Face Masks 18.8% NM NM  Operating income (loss) -0.72 -2.87 74.7%  Net income（Loss）  -4.34 -2.44 -78.1%  EBITDA -0.07 1.04 -106.7%  Basic and Diluted earnings (loss) per share -0.12 -0.11 -8.6%  * Products from PM6  ** Products from PM1  *** Products from PM8 and PM9  **** pp represents percentage points   Revenue increased by 176.9% to $24.21 million, primarily attributable to increase in sales volume of CMP and offset printing paper, as well as the increase in Average Selling Prices ("ASPs") of CMP and tissue paper products.

IT Tech Packaging, Inc. Announces First Quarter 2021 Unaudited Financial Results

BAODING, China, May 3, 2021 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE MKT: ITP) ("IT Tech Packaging" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that the Company anticipates to file its quarterly report on Form 10-Q for the quarter ended March 31, 2021 with the Securities and Exchange Commission and to release its first quarter earnings after the market closes on Tuesday, May 11, 2021. The Company will host a conference call to discuss its first quarter fiscal year 2021 financial results at 8:00 am US Eastern Time (8:00 PM Beijing/Hong Kong Time) on Wednesday, May 12, 2021.

IT Tech Packaging, Inc. Anticipates to Announce Financial Results for First Quarter Fiscal Year 2021 on May 11, 2021

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