{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-038568","form_type":"8-K","ticker":"ITP","cik":"0001358190","company_name":"IT TECH PACKAGING, INC.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.554697+00:00","generated_at":"2026-06-15T03:47:38.539467+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"IT Tech Packaging Q1 revenue up 28% to $19.79M but net loss widens to $2.73M","bullets":["Revenue $19.79M (+27.8% YoY) driven by 71% higher CMP volumes; ASP fell to $396/tonne from $523.","Gross loss of $0.28M vs. gross profit of $0.31M a year ago; gross margin turned negative at -1.40%.","Net loss $2.73M (loss per share $0.27) vs. $2.49M ($0.25) in Q1 2022; EBITDA held flat at $1.21M.","Tissue paper revenue down 44% to $0.22M; face mask revenue down 37% to $36K.","Cash & equivalents $16.75M; working capital $33.35M vs. $29.53M at Dec 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-038568","json":"https://secwatch.observer/filing/0001213900-23-038568.json","markdown":"https://secwatch.observer/filing/0001213900-23-038568.md","text":"https://secwatch.observer/filing/0001213900-23-038568.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1358190/000121390023038568/0001213900-23-038568-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1358190/000121390023038568/ea178407-8k_ittechpack.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T03:47:38.539467+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":"517acc3186389252ddfd991bd4b6f2d8b64d24ab","claim":"IT TECH PACKAGING, INC. reported first quarter ended March 31, 2023 results: revenue approximately $19.79 million.","evidence_excerpt":"31, 2023. Mr. Zhenyong Liu, Chairman and Chief Executive Officer of the Company, commented,“In the first quarter of 2023, we had the revenue increased by 27.83% to approximately $19.79million.As the Chinese government carried out a serious economic stimulus and support policies, this will definitely improve the demand and overall operating environment for paper-making","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1358190/000121390023038568/0001213900-23-038568-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"approximately $19.79 million"},{"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"}