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  pp represents percentage points Revenue increased by 176.9% to $24.21 million, primarily attributable to 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. Gross profit was $1.83 million, compared to gross loss of $0.17 million for the same period of last year. Gross margin was 7.5%, compared to gross loss margin of 1.9% for the same period of last year. Loss from operations was $0.72 million, compared to the loss from operations of $2.87 million for the same period of last year. Net loss was $4.34 million, or loss per share of $0.12, compared to net loss of $2.44 million, or loss per share of $0.11, for the same period of last year.

United statesJanice wangZhenyong liuExchange commissionSource it tech packaging incPrnewswire it tech packaging incIt tech packaging incEvergreen consulting incEffect of exchange rate changes on cashNorth chinaThree months ended marchCorrugating medium paperAverage selling pricesChief executive officerGross profitNet loss