Second was It Tech Packaging’s largest revenue line in fiscal 2024, bringing in $26.25M of $75.84M (35%).
| Effect of Fourth Quarter Event Type | FY 2023 | FY 2024 |
|---|---|---|
| Second | $30.02M | $26.25M |
| Third | $15.77M | $25.08M |
| Fourth | $20.96M | $17.64M |
| First | $19.79M | $6.86M |
| Total | $86.55M | $75.84M |
It Tech Packaging brought in $75.84M from its four revenue lines in fiscal 2024, the year ended December 31, 2024. That was down 12.4% from $86.55M in fiscal 2023. Second was the largest at $26.25M (34.6%), ahead of Third at $25.08M (33.1%) and Fourth at $17.64M (23.3%). The remaining revenue line, First, brought in $6.86M.
Compared with fiscal 2023, Third grew fastest, up 59.0% to $25.08M, while First fell the most, down 65.3% to $6.86M.
Second was It Tech Packaging’s largest revenue line in fiscal 2022, bringing in $31.79M of $100.35M (32%).
| Related Party, Type | FY 2021 | FY 2022 |
|---|---|---|
| Second | $46.53M | $31.79M |
| Third | $45.09M | $31.71M |
| Fourth | $45.05M | $21.37M |
| First | $24.21M | $15.48M |
| Total | $160.88M | $100.35M |
It Tech Packaging brought in $100.35M from its four revenue lines in fiscal 2022, the year ended December 31, 2022. That was down 37.6% from $160.88M in fiscal 2021. Second was the largest at $31.79M (31.7%), ahead of Third at $31.71M (31.6%) and Fourth at $21.37M (21.3%). The remaining revenue line, First, brought in $15.48M.
Compared with fiscal 2021, every revenue line above 2% of revenue shrank. Third held up best, down 29.7% to $31.71M, and Fourth fell the most, down 52.6% to $21.37M.
Dongfang Paper was It Tech Packaging’s largest segment in fiscal 2021, bringing in $151.57M of $160.34M (95%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenues | — | — | — | — | ||
| Enterprise Wide Consolidated | — | — | — | — | ||
| Dongfang Paper | $86.73M | $113.07M | $91.43M | $151.57M | ||
| Tengsheng Paper | — | — | — | $8.77M | ||
| Hebei Tengsheng | — | $4.54M | $8.41M | — | ||
| Baoding Shengde | $13.62K | $1.15K | $1.10M | — | ||
| Total | $86.75M | $117.61M | $100.94M | $160.34M |
It Tech Packaging brought in $160.34M from its two segments in fiscal 2021, the year ended December 31, 2021. It Tech Packaging regrouped these segments after fiscal 2020, so the total does not compare directly with that year's $100.94M. Dongfang Paper was the largest at $151.57M (94.5%), ahead of Tengsheng Paper at $8.77M (5.5%).
It Tech Packaging began breaking out Tengsheng Paper in fiscal 2021, when it brought in $8.77M. It Tech Packaging stopped reporting Hebei Tengsheng ($8.41M in fiscal 2020) and Baoding Shengde ($1.10M in fiscal 2020) as separate segments.
It Tech Packaging (ITP) reports its revenue by effect of fourth quarter event type, by related party, type and by segment. In fiscal 2024, Second was its largest revenue line, bringing in $26.25M (34.6% of the total), followed by Third at $25.08M (33.1%).
Second was It Tech Packaging's largest revenue line in fiscal 2024, bringing in $26.25M, or 34.6% of the $75.84M total across its four revenue lines.
Dongfang Paper was It Tech Packaging's largest segment in fiscal 2021, bringing in $151.57M, or 94.5% of the $160.34M total across its two segments.
Among It Tech Packaging's revenue lines that make up at least 2% of revenue, Third grew fastest in fiscal 2024, up 59.0% from $15.77M to $25.08M.
Every figure comes from It Tech Packaging's annual financial filings, as reported. Each line keeps the name It Tech Packaging gives it, and years follow its fiscal calendar.
It Tech Packaging's revenue by effect of fourth quarter event type goes back to fiscal 2023, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.