{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-022568","form_type":"8-K","ticker":"ITP","cik":"0001358190","company_name":"IT TECH PACKAGING, INC.","filed_at":"2023-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.604682+00:00","generated_at":"2026-06-17T16:21:05.050275+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"IT Tech Packaging Q4 2022 net loss $11.9M vs prior-year net income $4.2M","bullets":["Q4 revenue fell 52.6% YoY to $21.37M; gross margin dropped to 4.8% from 9.6%.","Net loss of $11.91M ($1.19/share) vs prior-year net income of $4.16M ($0.45/share).","CMP sales volume declined to 51,306 tonnes from 69,953 tonnes; ASP fell to $410/tonne.","Offset printing paper revenue was zero in Q4 2022 due to COVID suspension.","Tissue paper revenue dropped 88.9% to $0.25M; tissue paper gross margin negative at -315.2%."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-022568","json":"https://secwatch.observer/filing/0001213900-23-022568.json","markdown":"https://secwatch.observer/filing/0001213900-23-022568.md","text":"https://secwatch.observer/filing/0001213900-23-022568.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/0001213900-23-022568-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/ea175701-8k_ittechpack.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T16:21:05.050275+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"15fe3cf7f390943dbf33dbba3daa01522408afca","claim":"IT TECH PACKAGING, INC. reported the fiscal year ended December 31, 2022 results: revenue $100.35 million.","evidence_excerpt":"In fiscal year 2022, our business execution was reflected as we generated approximately $100.35 million in revenue and approximately $4.75 million in gross profit.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/0001213900-23-022568-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$100.35 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"97d66de36dc9a0207cc96ef60144f17dd4b7cb9a","claim":"IT TECH PACKAGING, INC. reported the fourth quarter ended December 31, 2022 results: revenue $21.37 million, net income Net loss was approximately $11.91 million, EPS loss of $1.19 per basic and diluted share.","evidence_excerpt":"0.45 -1.19 -364.4 % * Products from PM6 ** Products from PM1 *** Products from PM8 and PM9 **** pp represents percentage points · Revenue decreased by 52.6% to approximately $21.37 million, primarily attributable to an decrease in sales volume of all categories of products and decrease in ASP of CMP. · Gross profit decreased by 76.3% to approximately $1.03 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/0001213900-23-022568-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$21.37 million"},{"label":"Net income","value":"Net loss was approximately $11.91 million"},{"label":"EPS","value":"loss of $1.19 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}