IT Tech Packaging, Inc. ITP

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.