IT TECH PACKAGING, INC.ITPEarnings & Financial Report
IT TECH PACKAGING, INC. is a paper manufacturing enterprise primarily operating in China. It produces and distributes a diverse portfolio of paper products including corrugated packaging paper, boxboard, and printing-use cultural paper, serving sectors such as consumer goods packaging, logistics, and commercial printing across its core market.
Revenue
$26.2M
Gross Profit
$3.3M
Operating Profit
$547.8K
Net Profit
$-77.7K
Gross Margin
12.4%
Operating Margin
2.1%
Net Margin
-0.3%
YoY Growth
-12.6%
EPS
$-0.01
IT TECH PACKAGING, INC. Q2 FY2024 Financial Summary
IT TECH PACKAGING, INC. reported revenue of $26.2M (down 12.6% YoY) for Q2 FY2024, with a net profit of $-77.7K (up 93.8% YoY) (-0.3% margin). Cost of goods sold was $23.0M, operating expenses totaled $2.7M.
Key Financial Metrics
| Total Revenue | $26.2M |
|---|---|
| Net Profit | $-77.7K |
| Gross Margin | 12.4% |
| Operating Margin | 2.1% |
| Report Period | Q2 FY2024 |
IT TECH PACKAGING, INC. Annual Revenue by Year
IT TECH PACKAGING, INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $75.8M).
| Year | Annual Revenue |
|---|---|
| 2024 | $75.8M |
| 2023 | $86.5M |
| 2022 | $100.4M |
IT TECH PACKAGING, INC. Quarterly Revenue & Net Profit History
IT TECH PACKAGING, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $25.6M | +2.1% | $-1.4M | -5.7% |
| Q2 FY2025 | $24.8M | -5.5% | $-2.0M | -7.9% |
| Q1 FY2025 | $10.9M | +58.8% | $-3.5M | -32.2% |
| Q4 FY2024 | $17.6M | -15.8% | $-4.0M | -22.9% |
| Q3 FY2024 | $25.1M | +59.0% | $-2.0M | -7.9% |
| Q2 FY2024 | $26.2M | -12.6% | $-77.7K | -0.3% |
| Q1 FY2024 | $6.9M | -65.3% | $-3.7M | -54.6% |
| Q4 FY2023 | $21.0M | -1.9% | $-4.0M | -19.0% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.0M | $6.9M | $26.2M | $25.1M | $17.6M | $10.9M | $24.8M | $25.6M |
| YoY Growth | -1.9% | -65.3% | -12.6% | 59.0% | -15.8% | 58.8% | -5.5% | 2.1% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $194.7M | $177.5M | $191.4M | $190.0M | $177.5M | $175.2M | $175.2M | $175.7M |
| Liabilities | $26.4M | $28.3M | $27.9M | $25.7M | $21.5M | $22.4M | $22.8M | $23.6M |
| Equity | $168.3M | $164.3M | $163.5M | $164.3M | $156.1M | $152.8M | $152.3M | $152.0M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $5.4M | $624420 | $721917 | $1.5M | $3.5M | $-2.5M | $1.4M | $1.5M |