---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-065639"
form_type: "8-K"
ticker: "ITP"
cik: "0001358190"
company_name: "IT TECH PACKAGING, INC."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:52:05.773598+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IT Tech Packaging Q2 net loss widens to $1.25M; revenue down 5.6% YoY

## Summary
- Q2 2023 revenue $30.02M, down 5.56% YoY; net loss $1.25M vs $0.29M loss in Q2 2022; EPS -$0.12.
- H1 2023 net loss $3.99M vs $2.78M loss in H1 2022; revenue $49.81M up 5.37% YoY.
- Regular CMP ASP fell to $365/tonne in Q2 from $479/tonne a year ago; total CMP volume increased.
- Gross profit improved to $1.18M (3.93% margin) from $0.63M (1.99%) in Q2 2022, but net loss worsened.
- Management expects profitability recovery in H2 2023 via asset utilization and new market channels.

## SEC filing metadata
- accession: 0001213900-23-065639
- form_type: 8-K
- ticker: ITP
- cik: 0001358190
- company_name: IT TECH PACKAGING, INC.
- filed_at: 2023-08-10T23:59:59+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/1358190/000121390023065639/0001213900-23-065639-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1358190/000121390023065639/ea183266-8k_ittechpack.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-065639
- JSON: https://secwatch.observer/filing/0001213900-23-065639.json
- Plain text: https://secwatch.observer/filing/0001213900-23-065639.txt

## Key facts
- Earnings Releases
  IT TECH PACKAGING, INC. reported the six and three months ended June 30, 2023 results: revenue approximately $30.02 million, net income approximately $1.25million, EPS loss per share of $0.12.
  - Period: the six and three months ended June 30, 2023
  - Revenue: approximately $30.02 million
  - Net income: approximately $1.25million
  - EPS: loss per share of $0.12
  - Result: reported results
  source text: -0.12 -0.03 -300 % * Products from PM6 ** Products from PM1 *** Products from PM8 and PM9 **** pp represents percentage points ● Revenue decreased by 5.56% to approximately $30.02 million, mainly due to the decrease of average selling prices of corrugating medium paper (“CMP”), partially offset by the increase in sales volume of CMP and offset printing paper. ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/1358190/000121390023065639/0001213900-23-065639-index.htm

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