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IT TECH PACKAGING, INC. (ITP) Annual Reports

Q: Where can I read IT TECH PACKAGING, INC. (ITP) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 2 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

IT TECH PACKAGING, INC. is listed on NYSE, classified by the SEC under Converted Paper & Paperboard Prods (No Contaners/Boxes) (SIC 2670). This page indexes 2 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： NYSE
Fiscal year end： 12/31
SEC CIK： 1358190 →

Website：Official site ↗

Financial Highlights

FY2025 Q3 (quarterly, ended 2025-09-30)
	Current	Prior year	YoY
Revenue	$25.6M	$25.1M	+2.1%
Operating income	$-992,632	$-1.5M	+32.2%
Net income	$-1.4M	$-2.0M	+26.6%
EPS (diluted)	$-0.11	$-0.20	+45.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 25.6 mn Net income -1.45 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3
Revenue	102	38.3	23.0	36.3	33.2	41.5	37.1	38.9	34.4	35.5	37.6	43.5	19.8	33.0	37.7	35.3	25.8	37.8	40.8	32.7	26.5	41.3	32.4	35.1	27.9	38.0	37.5	31.4	25.3	22.8	33.5	35.4	1.89	33.1	26.7	25.0	17.4	33.6	32.9	33.6	8.74	26.4	33.4	32.5	24.2	46.5	45.1	45.0	15.5	31.8	31.7	21.4	19.8	30.0	15.8	21.0	6.86	26.3	25.1	17.6	10.9	24.8	25.6
Gross profit	20.0	9.13	3.82	8.39	7.77	8.81	7.99	8.37	7.75	5.79	6.82	6.70	1.63	6.10	8.44	7.16	4.67	6.12	6.41	5.58	4.99	10.5	6.42	5.97	3.77	6.89	7.33	7.55	5.65	3.46	7.22	3.62	-0.7	3.02	1.26	2.24	-0.19	2.91	5.37	5.59	-0.17	2.56	2.57	0.75	1.83	3.03	1.82	4.34	0.31	0.63	2.78	1.03	-0.28	1.18	-0.15	0.25	0.4	3.27	1.92	1.11	0.08	1.27	2.02
Operating income	18.0	7.41	2.72	7.46	6.84	8.09	7.53	7.65	6.71	5.10	6.16	3.01	0.74	5.21	7.56	5.33	3.76	5.13	4.93	3.59	3.28	8.65	2.60	3.67	-0.58	4.17	4.73	4.63	2.87	0.76	2.72	-1.67	-4.52	-0.01	-1.57	-5.08	-3.17	0.53	3.35	3.19	-2.87	-0.8	0.18	-1.97	-0.72	0.43	-0.2	1.95	-2.96	-1.24	-0.59	-0.52	-2.77	-0.52	-2.48	-3.80	-3.50	0.55	-1.46	-3.79	-3.38	-1.76	-0.99
Net income	12.7	5.35	1.76	5.31	4.85	5.86	5.43	5.50	4.68	3.61	4.38	2.00	0.3	3.66	5.53	3.52	2.53	3.57	3.37	2.23	2.11	5.59	1.69	2.16	-1.37	2.58	3.03	3.07	1.71	0.02	1.57	-1.64	-4.09	0.11	-1.40	-5.16	-2.72	0.45	2.34	2.16	-2.44	-0.98	-0.52	-1.62	-4.34	-0.45	1.54	4.16	-2.49	-0.29	-1.89	-11.9	-2.73	-1.25	-1.98	-3.98	-3.75	-0.08	-1.97	-4.04	-3.50	-1.95	-1.45

Balance sheet

Quarterly · In mn (USD)

Total assets 176 mn Total liabilities 23.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3
Current assets	—	—	—	21.1	—	15.9	11.5	23.1	21.9	22.3	30.3	38.1	39.2	43.5	33.7	25.9	31.5	32.2	30.3	26.6	23.3	18.8	21.1	26.3	26.4	17.3	18.4	14.5	26.0	28.5	22.3	20.0	17.8	19.2	19.0	24.2	15.4	16.4	20.6	24.0	21.6	27.8	30.4	14.9	61.1	63.7	62.3	55.5	48.6	48.5	48.4	47.2	51.5	47.7	41.1	28.4	30.0	33.4	33.0	28.5	29.5	32.6	35.8
Total assets	—	—	—	116	—	133	136	145	150	152	158	163	164	193	201	210	214	224	232	240	237	235	231	239	236	219	220	208	223	227	222	219	222	211	201	203	195	236	231	190	182	185	193	200	241	239	237	242	239	225	215	204	207	197	189	195	193	191	190	178	175	175	176
Current liabilities	—	—	—	11.8	—	10.2	6.30	11.7	10.9	13.5	15.8	16.2	17.8	24.2	21.3	28.4	32.2	41.0	42.7	44.5	40.9	35.8	27.8	40.2	36.9	31.8	30.4	20.6	32.4	30.4	23.3	21.8	25.8	25.6	20.8	29.6	20.4	62.5	61.0	16.8	14.0	16.6	16.9	18.3	20.2	17.2	18.7	20.4	19.9	17.3	17.6	17.6	18.1	17.3	12.0	21.4	24.6	22.9	20.8	20.1	20.9	21.3	18.7
Total liabilities	—	—	—	14.0	—	18.0	14.2	17.4	16.6	15.1	17.4	20.1	20.2	43.6	44.9	48.5	52.0	58.1	59.8	64.8	61.0	51.8	54.1	62.8	59.5	44.6	43.1	35.6	47.5	47.9	37.5	33.7	33.4	31.7	30.2	36.5	27.4	71.5	69.8	24.2	21.3	22.5	24.2	24.8	37.0	31.4	28.7	25.8	24.8	23.1	24.3	23.1	25.8	26.0	19.1	26.4	28.3	27.9	25.7	21.5	22.4	22.8	23.6
Equity	56.3	—	—	102	—	115	121	128	133	137	141	143	144	150	156	161	162	166	172	175	176	183	177	176	177	175	176	173	175	179	184	185	189	179	171	167	167	164	162	166	161	163	169	175	204	207	208	216	214	202	191	181	181	171	170	168	164	163	164	156	153	152	152

Cash flow

Quarterly · In mn (USD)

Operating 1.50 mn Investing 0 mn Financing 0 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3
Operating	15.0	10.7	3.34	6.27	8.59	5.12	8.02	-3.10	9.35	4.53	5.72	2.63	4.37	4.77	9.03	11.7	7.83	13.1	14.8	-3.47	-1.98	8.40	4.24	10.5	-0.49	-0.3	9.42	6.65	1.36	2.38	13.1	1.31	-4.86	6.01	0.66	7.98	-3.05	2.24	5.41	2.93	6.86	-1.00	-3.49	13.8	-8.28	-7.29	9.13	4.01	4.41	-0.46	3.48	3.29	4.81	0.94	1.75	5.38	0.62	0.72	1.48	3.47	-2.47	1.36	1.50
Investing	-13.6	-19.9	-3.92	-17.8	-5.84	-16.6	-7.04	2.07	-7.62	-3.78	0.01	-0.53	-1.32	-23.1	-20.1	-15.9	-2.97	-10.5	-9.38	-13.4	-2.67	-3.26	-5.38	-8.02	-0.43	-1.68	-5.57	-3.87	-5.26	-0.62	-1.69	-1.75	-0.71	-0.53	-0.58	-0.39	-1.42	-3.61	-1.43	-1.42	-0.76	-0.22	-1.59	-17.9	-0.04	-0.13	-12.6	-12.3	-7.18	-0.15	-0.87	-2.71	-0.3	-5.27	-3.65	-13.0	-0.01	-0.05	-0.25	-0.01	-0.01	-0.02	0
Financing	2.31	24.2	0.87	-0.01	-2.49	5.99	-2.21	0.21	-0.28	-0.23	1.35	-2.21	0.28	23.9	2.41	-6.49	-2.08	-4.35	-2.67	13.8	3.32	-5.54	3.59	-4.17	1.89	2.54	-2.23	-5.87	6.19	0.38	-12.0	-3.18	0.79	-0.01	-0.02	-3.93	-5.37	0.08	0.06	-0.55	—	2.27	-0.03	-0.19	41.8	-0.12	-0.12	-7.35	6.89	-0.22	0.17	-7.72	2.56	0.26	-0.83	2.41	0.42	0	-2.53	-1.14	0.59	1.06	0
Cash at period end	6.95	22.1	22.8	11.3	11.7	6.28	4.95	4.17	5.63	6.16	13.2	13.1	16.6	22.5	13.8	3.13	5.84	4.13	6.93	3.89	2.54	2.16	4.36	2.64	3.65	4.03	5.59	2.33	4.65	6.95	6.51	2.90	4.72	9.52	9.10	12.1	2.63	1.13	4.81	5.84	11.7	12.8	8.21	4.14	37.4	30.3	26.6	11.2	15.4	14.3	16.0	9.52	16.8	12.0	9.44	4.39	5.42	6.04	4.89	6.95	5.07	7.51	9.12

Profitability

Quarterly · %

Gross margin 7.9% Operating margin -3.9% Net margin -5.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3
Gross margin	19.6%	23.9%	16.6%	23.1%	23.4%	21.2%	21.6%	21.5%	22.5%	16.3%	18.1%	15.4%	8.3%	18.5%	22.4%	20.3%	18.1%	16.2%	15.7%	17.1%	18.8%	25.4%	19.8%	17.0%	13.5%	18.1%	19.6%	24.1%	22.4%	15.2%	21.6%	10.2%	-36.8%	9.1%	4.7%	9.0%	-1.1%	8.7%	16.3%	16.6%	-1.9%	9.7%	7.7%	2.3%	7.6%	6.5%	4.0%	9.6%	2.0%	2.0%	8.8%	4.8%	-1.4%	3.9%	-1.0%	1.2%	5.8%	12.4%	7.6%	6.3%	0.8%	5.1%	7.9%
Operating margin	17.6%	19.4%	11.8%	20.6%	20.6%	19.5%	20.3%	19.6%	19.5%	14.4%	16.4%	6.9%	3.8%	15.8%	20.1%	15.1%	14.6%	13.6%	12.1%	11.0%	12.4%	20.9%	8.0%	10.4%	-2.1%	11.0%	12.6%	14.8%	11.3%	3.4%	8.1%	-4.7%	-239.3%	-0.0%	-5.9%	-20.3%	-18.2%	1.6%	10.2%	9.5%	-32.8%	-3.0%	0.5%	-6.1%	-3.0%	0.9%	-0.4%	4.3%	-19.1%	-3.9%	-1.9%	-2.4%	-14.0%	-1.7%	-15.8%	-18.1%	-51.0%	2.1%	-5.8%	-21.5%	-31.0%	-7.1%	-3.9%
Net margin	12.4%	14.0%	7.7%	14.6%	14.6%	14.1%	14.7%	14.1%	13.6%	10.2%	11.6%	4.6%	1.5%	11.1%	14.7%	10.0%	9.8%	9.4%	8.3%	6.8%	7.9%	13.5%	5.2%	6.2%	-4.9%	6.8%	8.1%	9.8%	6.8%	0.1%	4.7%	-4.6%	-216.4%	0.3%	-5.3%	-20.7%	-15.6%	1.3%	7.1%	6.4%	-27.9%	-3.7%	-1.6%	-5.0%	-17.9%	-1.0%	3.4%	9.2%	-16.1%	-0.9%	-6.0%	-55.7%	-13.8%	-4.2%	-12.5%	-19.0%	-54.6%	-0.3%	-7.9%	-22.9%	-32.1%	-7.9%	-5.7%

Returns & leverage

Quarterly · %

ROE -6.9% ROA -6.0% Debt ratio 13.5%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3
ROE	—	—	—	24.8%	—	15.5%	17.7%	18.9%	16.1%	15.3%	13.9%	10.9%	7.4%	7.2%	7.8%	8.6%	10.0%	9.6%	7.9%	7.0%	6.7%	7.6%	6.7%	6.6%	4.6%	2.8%	3.6%	4.2%	5.9%	4.4%	3.5%	0.9%	-2.3%	-2.3%	-4.0%	-6.0%	-5.2%	-5.2%	-3.1%	1.3%	1.5%	0.7%	-1.1%	-3.3%	-4.1%	-3.7%	-2.6%	0.5%	1.3%	1.4%	-0.3%	-8.3%	-8.5%	-9.5%	-9.9%	-5.7%	-6.3%	-5.8%	-5.8%	-6.1%	-6.1%	-7.3%	-6.9%
ROA	—	—	—	21.8%	—	13.4%	15.8%	16.6%	14.3%	13.5%	12.4%	9.5%	6.6%	6.0%	6.4%	7.0%	8.1%	7.3%	6.0%	5.2%	5.0%	5.8%	5.0%	4.8%	3.4%	2.2%	2.8%	3.3%	4.5%	3.5%	2.9%	0.8%	-1.9%	-1.9%	-3.3%	-5.0%	-4.4%	-4.0%	-2.4%	1.1%	1.3%	0.5%	-0.8%	-2.9%	-3.5%	-3.3%	-2.3%	0.4%	1.1%	1.3%	-0.2%	-7.4%	-7.5%	-8.4%	-8.8%	-5.0%	-5.5%	-5.0%	-5.2%	-5.3%	-5.2%	-6.3%	-6.0%
Debt ratio	—	—	—	12.1%	—	13.6%	10.5%	12.0%	11.1%	9.9%	11.0%	12.3%	12.3%	22.6%	22.3%	23.1%	24.3%	25.9%	25.8%	27.0%	25.7%	22.1%	23.4%	26.3%	25.2%	20.3%	19.6%	17.1%	21.3%	21.1%	16.9%	15.4%	15.1%	15.0%	15.0%	18.0%	14.1%	30.4%	30.2%	12.7%	11.7%	12.1%	12.5%	12.4%	15.3%	13.2%	12.1%	10.7%	10.4%	10.2%	11.3%	11.3%	12.4%	13.2%	10.1%	13.6%	14.7%	14.6%	13.5%	12.1%	12.8%	13.0%	13.5%

EPS

Quarterly · US$

EPS US$-0.11

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3
EPS（US$）	1.04	0.30	0.10	0.29	0.26	0.32	0.30	0.30	0.25	0.20	0.24	0.11	0.02	0.20	0.30	0.19	0.14	0.19	0.18	0.11	0.10	0.28	0.08	0.11	-0.06	0.12	0.14	0.14	0.08	0.00	0.07	0.08	-0.19	0.01	-0.07	-0.24	-0.12	0.02	0.11	0.10	-0.11	-0.04	-0.02	-0.06	-0.12	-0.01	0.03	0.07	-0.25	-0.00	-0.03	-1.59	-0.27	-0.12	-0.20	-0.40	-0.37	-0.01	-0.20	-0.40	-0.35	-0.16	-0.11

Revenue & profit

Year-to-date · In mn (USD)

Revenue 61.3 mn Net income -6.90 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 176 mn Total liabilities 23.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 0.39 mn Investing -0.03 mn Financing 1.65 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 5.5% Operating margin -10.0% Net margin -11.3%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -6.9% ROA -6.0% Debt ratio 13.5%

EPS

Year-to-date · US$

EPS US$-0.62

Revenue & profit

Annual · In mn (USD)

Revenue 75.8 mn Net income -9.84 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Revenue	151	151	126	137	135	135	117	86.8	118	101	161	100	86.5	75.8
Gross profit	33.0	27.1	23.3	22.8	27.9	25.5	20.0	5.82	13.7	5.70	11.0	4.75	1.00	6.69
Operating income	30.1	21.0	18.8	17.4	18.2	12.9	4.68	-11.2	3.90	-5.46	1.46	-5.30	-9.58	-8.21
Net income	21.6	14.7	13.0	11.7	11.5	7.31	1.66	-10.6	2.22	-5.55	0.91	-16.6	-9.95	-9.84

Balance sheet

Annual · In mn (USD)

Total assets 178 mn Total liabilities 21.5 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Current assets	23.1	38.1	25.9	26.6	26.3	14.5	20.0	24.2	24.0	14.9	55.5	47.2	28.4	28.5
Total assets	145	163	210	240	239	208	219	203	190	200	242	204	195	178
Current liabilities	11.7	16.2	28.4	44.5	40.2	20.6	21.8	29.6	16.8	18.3	20.4	17.6	21.4	20.1
Total liabilities	17.4	20.1	48.5	64.8	62.8	35.6	33.7	36.5	24.2	24.8	25.8	23.1	26.4	21.5
Equity	128	143	161	175	176	173	185	167	166	175	216	181	168	156

Cash flow

Annual · In mn (USD)

Operating 6.30 mn Investing -0.33 mn Financing -3.26 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Operating	18.6	22.2	29.9	32.3	21.2	15.3	18.1	9.79	7.53	16.1	-2.44	10.7	12.9	6.30
Investing	-27.4	-11.9	-60.4	-36.3	-19.3	-11.6	-9.32	-2.20	-7.87	-20.5	-25.1	-10.9	-22.2	-0.33
Financing	1.50	-1.37	20.1	4.73	-2.80	-3.68	-8.62	-3.17	-5.77	—	34.2	-0.88	4.41	-3.26
Cash at period end	4.17	13.1	3.13	3.89	2.64	2.33	2.90	12.1	5.84	4.14	11.2	9.52	4.39	6.95

Profitability

Annual · %

Gross margin 8.8% Operating margin -10.8% Net margin -13.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Gross margin	21.9%	17.9%	18.6%	16.6%	20.6%	18.9%	17.1%	6.7%	11.6%	5.7%	6.8%	4.7%	1.2%	8.8%
Operating margin	20.0%	13.9%	15.0%	12.7%	13.4%	9.6%	4.0%	-12.9%	3.3%	-5.4%	0.9%	-5.3%	-11.1%	-10.8%
Net margin	14.4%	9.7%	10.3%	8.5%	8.5%	5.4%	1.4%	-12.2%	1.9%	-5.5%	0.6%	-16.5%	-11.5%	-13.0%

Returns & leverage

Annual · %

ROE -6.1% ROA -5.3% Debt ratio 12.1%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
ROE	17.0%	10.9%	8.6%	7.0%	6.6%	4.2%	0.9%	-6.0%	1.3%	-3.3%	0.5%	-8.3%	-5.7%	-6.1%
ROA	14.9%	9.5%	7.0%	5.2%	4.8%	3.3%	0.8%	-5.0%	1.1%	-2.9%	0.4%	-7.4%	-5.0%	-5.3%
Debt ratio	12.0%	12.3%	23.1%	27.0%	26.3%	17.1%	15.4%	18.0%	12.7%	12.4%	10.7%	11.3%	13.6%	12.1%

EPS

Annual · US$

EPS US$-0.98

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
EPS（US$）	1.18	0.80	0.71	0.62	0.57	0.34	0.23	-0.49	0.11	-0.23	-0.03	-1.87	-0.99	-0.98

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read IT TECH PACKAGING, INC. (ITP) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 2 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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