IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]
IT Tech Packaging, Inc. (ITP)
Company Research
Source: Yahoo! Finance
manufacturer and distributor of diversified paper products in North China, today announced its unaudited financial results for the fourth quarter and audited financial results for the fiscal year ended December 31, 2023. Mr. Zhenyong Liu , Chairman and Chief Executive Officer of the Company, commented, " In 2023, the company achieved a revenue of $86.55 million and a gross profit of $1.00 million . The overall performance improved due to slightly increased sales volume. Considering current conditions, including supportive policies and the implementation of plastic-restriction-orders, we expect a rise in domestic demand for packaging paper. In the long run, we will focus on acquiring new customers, reducing costs and improving efficiency and ensuring safe and environmentally friendly production. Moreover, we plan to implement flexible pricing and inventory management in line with market trends to maintain cash flow and minimize risks while achieving reasonable profit levels." Fourt
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ITP
Sec Filings
- 3/28/24 - Form 8-K
- 3/27/24 - Form 10-K
- 3/4/24 - Form 8-K
- ITP's page on the SEC website