---
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"
generated_at: "2026-06-15T03:47:38.539467+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IT Tech Packaging Q1 revenue up 28% to $19.79M but net loss widens to $2.73M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038568
- JSON: https://secwatch.observer/filing/0001213900-23-038568.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038568.txt

## Key facts
- Earnings Releases
  IT TECH PACKAGING, INC. reported first quarter ended March 31, 2023 results: revenue approximately $19.79 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: approximately $19.79 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1358190/000121390023038568/0001213900-23-038568-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.