secwatch.observer — SEC 8-K summary
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Issuer:     IT TECH PACKAGING, INC. (ITP)
CIK:        0001358190
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001213900-23-022568
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IT Tech Packaging Q4 2022 net loss $11.9M vs prior-year net income $4.2M
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/0001213900-23-022568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/ea175701-8k_ittechpack.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-022568

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