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MARKETS / NYSE / ITP
NYSE · CONVERTED PAPER & PAPERBOARD PRODS (NO CONTANERS/BOXES) · SMALL CAP

IT Tech Packaging, Inc. ITP

16 fiscal years on record · USD · FY2024 reported · SEC filings only
$75.8M
▼ 12.4% YoY
$-9.8M
$6.0M
In brief

What this company does

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 in China. Shengde Holdings Inc. was incorporated in the State of Nevada on February 25, 2009, and holds a wholly-owned subsidiary, Baoding Shengde, a limited liability company organized under the laws of the PRC on June 1, 2009. For the year ended December 31, 2024, corrugating medium paper comprised approximately 100% of our total paper production quantities and roughly 99.82% of our total revenue. We began the commercial production of tissue paper products in Wei County Industry Park in June 2015. As of December 31, 2024, we have approximately 383 full time employees, all of whom were based in PRC.

Written from the business description in IT Tech Packaging, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 11 April 2025. Every sentence was checked against that document before publication.

Growth
USD 75.8M
Revenue, FY2024 · full 16-year series below
Revenue $M Net income $M
FY2024 · Revenue 75.8 · Net income -9.8
80M160M200920112013201520172019202120232024
Compound annual growth
−22.2%
−8.4%
−5.7%
−2.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −8.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−13 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -10.8% · Net -13.0%
5%10%15%-5%-10%-15%200920112013201520172019202120232024
ROE
FY2024 · ROE -6.1%
10%20%-5%200920112013201520172019202120232024

Each USD of equity lost 6 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 6.0
4M8M-20M200920112013201520172019202120232024
Net buybacks $ Dividends $
FY2013 · Dividends 323032.0 · Net buybacks —
250000.0500000.020122013

Total assetsUSD 177.5M
EquityUSD 156.1M
CashUSD 7.0M
Gross debtUSD 4.7M
Net debtUSD -2.3M
Current ratio1.41×

The company holds more cash than debt.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.20.10.10.10.10.10.10.10.10.20.20.10.1
Operating income $B−0.0−0.0−0.00.0−0.00.0−0.00.00.00.00.00.00.00.00.00.0
EBITDA $B·0.00.0·············
Income tax $B0.00.00.00.0−0.00.0−0.00.00.00.00.00.00.00.00.00.0
Net income $B−0.0−0.0−0.00.0−0.00.0−0.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.0−0.00.0−0.0−0.00.00.00.00.00.0−0.0−0.00.0−0.0−0.00.0
EPS, diluted $−0.98−0.99−1.660.10−0.210.10−0.490.080.340.570.610.710.791.180.891.04
Dividend / sh $················
Payout %···········25···
ROE %−6.1−5.7−8.30.5−3.31.3−6.00.94.26.67.08.610.918.919.722.6
Shares out B0.010.010.010.010.030.020.020.020.020.020.020.020.020.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 2 failures in 74 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 21 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente2 failures
ActivityConverted Paper & Paperboard Prods (No Contaners/Boxes)
Listed onNYSE
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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