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It Tech Packaging Inc   (ONP)
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It Tech Packaging Inc 's

Competitiveness


 

ONP Sales vs. its Competitors Q3 2020



Comparing the results to its competitors, It Tech Packaging Inc reported Total Revenue increase in the 3 quarter 2020 by 1.27 % year on year, while most of its competitors have experienced contraction in revenues by -2.68 %, recorded in the same quarter.

List of ONP Competitors





Revenue Growth Comparisons




Net Income Comparison


It Tech Packaging Inc recorded net loss , despite income increase by most of its competitors of 60.39 %

<<  More on ONP Income Comparisons


It Tech Packaging Inc 's Comment on Competitors and Industry Peers


Orient Paper HB’s main competitors are: Chenming Paper Group Limited, Huatai Group Limited, Nine Dragons Paper (Holdings) Limited and Sun Paper Group Limited. A number of our competitors are public entities with larger capacities, broader customer bases and greater financial resources than those available to us. The businesses of our primary competitors are briefly described below:

Chenming Paper Group, Ltd. (“Chenming”), based in Shandong Province (located in northeast China), produces primarily newsprint paper and art paper (high quality, heavy and two-side coated printing paper). Chenming is believed to be the first company to have listed on all three stock exchanges in China: Renminbi A-shares and foreign currency B-shares in Shenzhen, the smaller of the mainland’s two stock exchanges, and H-shares in Hong Kong. Chenming has annual production capacity of 8 million tonnes for its coated wood-free paper product and is believed to rank among the top 500 enterprises in China.

Huatai Group, Ltd. (“Huatai”), based in Shandong Province (located in the northern part of the eastern coastal region of China), primarily produces newsprint, fine paper, special printing paper, coated board and tissue paper. Huatai is the first Shandong papermaker to publicly list its stock and has become a famous brand in China. Its annual paper production is estimated to have reached 4 million tonnes.

Nine Dragons Paper (Holdings) Limited (“ND Paper”), based in Guangdong Province (located in southern China), is the largest paper manufacturer in China and primarily produces kraft paper and high-strength corrugating medium paper with annual capacity of 12 million tonnes. ND Paper has reported that it has five production lines in the city of Tianjin with a total designed capacity of 2.15 million tonnes, producing products such as kraft paper, high strength corrugating medium paper and grey-back duplex board.

Sun Paper Group, Ltd., based in Shandong Province, primarily produces card paper, whiteboard paper and art paper. It also produces alkaline peroxide mechanical pulp, sourced in part from woodchips harvested by the company’s poplar plantations. This company has reported that it has an aggregate annual production capacity of paper and pulp of approximately 4.5 million tonnes and has been listed on the Shenzhen Stock Exchange since 2006.

With the exceptions of Chenming and ND Paper, which may compete directly with us in the offset printing paper market and the corrugating medium paper market, respectively, in the Beijing/Tianjin/greater Hebei regions, we believe that we face only indirect competition from the above-listed companies, either because we have a different product assortment from these companies, or because, to the extent they do offer products similar to ours, the transportation costs and storage costs make it difficult for these companies to compete effectively with us on pricing.



  

Total Segment Market Share Q3 2020

With modest revenue growth of 1.27 % within overall company, It Tech Packaging Inc managed to improve its market share within this segment to approximate 1.43 %.

<<  More on ONP Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


ONP's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
It Tech Packaging Inc 102 25 -2 605
International Paper Company 21,509 19,829 495 58,000
Weyerhaeuser Company 7,017 24,340 491 12,800
Ennis Inc 375 484 28 6,018
Plum Creek Timber Co Inc 1,340 0 214 1,308
Louisiana pacific Corporation 2,465 4,289 188 4,500
Clearwater Paper Corporation 1,851 675 56 3,300
Essendant Inc 5,002 473 -135 6,400
P H Glatfelter Company 911 815 -28 4,375
Mercer International Inc 1,356 792 -77 1,486
Resolute Forest Products Inc 2,699 649 -9 8,000
Verso Corporation 0 0 0 5,200
Verso Corporation 0 0 0 0
Minerals Technologies Inc 1,603 2,261 114 3,583
Verso Corporation 1,632 422 131 5,200
SUBTOTAL 47,863 55,053 1,466 120,775


       
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