IT Tech Packaging

BAODING, China , May 13, 2025 /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 pricing of a public offering of 6,899,500 shares of its common stock at a price to the public of $0.20 per share. The gross proceeds from the offering to IT Tech Packaging are expected to be approximately $1.4 million, before deducting offering fees and expenses.» Mehr auf prnewswire.com

BAODING, China , Nov. 15, 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 nine and three months ended September 30, 2024. Third Quarter 2024 Unaudited Financial Results For the Three Months Ended September 30,  ($ millions) 2024 2023 % Change  Revenues 25.08 15.77 59.03 %  Regular Corrugating Medium Paper ("CMP")* 20.91 11.95 74.93 %  Light-Weight CMP** 4.13 3.47 19.16 %  Offset Printing Paper - 0.07 -  Tissue Paper Products - 0.26 -   Face Masks - 0.02 -  Gross profit (loss) 1.92 (0.15) 1351.37 %  Gross profit (loss) margin 7.64 % -0.97 % 8.61pp***  Regular Corrugating Medium Paper ("CMP")* 7.54 % 7.01 % 0.53pp****  Light-Weight CMP** 7.33 % -7.47 % 14.80pp****  Offset Printing Paper - 7.53 % -  Tissue Paper Products*** - -278.10 %  Face Masks - -15.75 % -  Operating income（loss） (1.46) (2.48) -41.07 %  Net income (loss) (1.97) (1.98) -0.07 %  EBITDA 2.03 1.69 20.12 %  Basic and Diluted earnings (loss) per share (0.20) (0.20) -  * Products from PM6  ** Products from PM1  *** Products from PM8 and PM9  **** pp represents percentage points   Revenue increased by 59.03% to approximately $25.08 million as compared to the same period of last year.» Mehr auf prnewswire.com

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.» Mehr auf prnewswire.com