IT Tech Packaging, Inc. Announces First Quarter 2024 Unaudited Financial Results
IT Tech Packaging, Inc. (ITP)
Company Research
Source: PR Newswire
BAODING, China, May 10, 2024 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP) ("IT Tech Packaging" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced its unaudited financial results for the first quarter ended March 31, 2024.Mr. Zhenyong Liu commented: "In the first quarter of FY2024, we realized revenue of approximately $6.86 million with a profit of $0.40 million. During the reporting period, domestic packaging paper suffered sluggish demand and prices. In addition, the increase in production capacity of the industry peers, more intense competition from import of finished products and interest rate hikes had posed persistent pressure on the industry. Despite these daunting challenges, China is actively launching various policies to simulate the economy and support enterprises, which is believed to be effective in boosting investment and domestic demand, thereby improving the business environment of the
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News
- IT Tech Packaging, Inc. Announces First Quarter 2024 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial ResultsPR Newswire
ITP
Sec Filings
- 5/13/24 - Form 8-K
- 5/10/24 - Form 10-Q
- 3/28/24 - Form 8-K
- ITP's page on the SEC website