secwatch.observer — SEC 8-K summary
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Issuer:     IT TECH PACKAGING, INC. (ITP)
CIK:        0001358190
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001213900-21-058975
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITP Q3 2021: Revenue $45.1M (+35% YoY), net income $1.5M; gross margin shrinks to 4% from 7.7%
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- Revenue $45.1M (+35% YoY); gross profit $1.82M (4.04% margin), down from $2.57M (7.70%).
- Operating loss $0.20M vs income $0.18M; net income $1.54M vs loss $0.52M; diluted EPS $0.03 vs ($0.02).
- Regular CMP revenue $31.2M (+60%) on 61.9K tonnes at ASP $504/tonne (+24%); light-weight CMP +21%.
- Nine-month revenue $115.83M (+69%); management expects stronger Q4 due to supply shortage and price increases.
- Annual meeting: elected Class I directors Marco Ku Hon Wai and Wenbing Christopher Wang; ratified WWC; approved 2021 Omnibus Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1358190/000121390021058975/0001213900-21-058975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1358190/000121390021058975/ea150597-8k_ittechpack.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-058975

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer