 BAODING, China, Aug. 10, 2021 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, announced today its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Unaudited Financial Results For the Three Months Ended June 30, millions 2021 2020 Change Revenues 46.53 26.36 76.5 Regular Corrugating Medium Paper CMP 30.25 17.37 74.1 Light-Weight CMP 6.56 4.50 45.7 Offset Printing Paper 7.18 1.26 469.2 Tissue Paper Products 2.43 2.38 2.0 Face Masks 0.11 0.85 -87.1 Gross profit 3.03 2.56 18.4 Gross profit loss margin 6.5 9.7 -3.2 pp Regular Corrugating Medium Paper CMP 5.1 9.0 -3.9 pp Light-Weight CMP 6.7 12.5 -5.8 pp Offset Printing Paper 17.8 23.7 -5.9pp Tissue Paper Products -9.6 -15.7 6.1 pp Face Masks 10.0 59.5 -49.5 pp Operating income loss 0.43 -0.80 154.0 Net loss -0.45 -0.98 -53.8 EBITDA 9.03 2.90 210.9 Basic and Diluted earnings loss per share -0.01 -0.04 75.8 Products from PM6 Products from PM1 Products from PM8 and PM9 pp represents percentage points Revenue increased by 76.5 to 46.53 million, primarily attributable to the increase in sales volume of CMP and offset printing paper, as well as the increase in Average Selling Prices ASPs of CMP and tissue paper products. 