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RCON on Nasdaq

Recon Technology, Ltd

Oil and gas field services company that raised $8 million in 2023 (SEC Form D)2

In its 2026 annual report (Form 20-F) the company says: “We provide oilfield specialized equipment, automation systems, tools, chemicals and field services to petroleum companies mainly in the PRC.”5 It is headquartered in Beijing, China.2 Its shares trade on Nasdaq under the symbol RCON.2

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Last updated Oct 21, 2026.

Overview

$16.2MRevenue, fiscal 20263
-$4.4MNet income, fiscal 20263

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  • TickerRCON on Nasdaq2
  • IndustryOil & Gas Field Services, NEC2
  • HeadquartersBeijing, China2
  • Incorporated inCayman Islands4
  • Business addressRoom 601, 1 Shui'An South Street, Chaoyang District, Beijing, 1000124
  • Filer categoryNon-accelerated filer4
  • Legal formCorporation2
  • LEI529900WIUZ0003EEAM232
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o VISTRA (CAYMAN) LIMITED, Grand Pavilion, Hibiscus Way, PO Box: 31119, KY1-1205 Grand Cayman, Cayman Islands2
  • Registered withGeneral Registry, 1936862

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Recon Technology, Ltd (the “Company”) was incorporated under the laws of the Cayman Islands on August 21, 2007 by Mr. Yin Shenping, Mr. Chen Guangqiang and Mr. Li Hongqi (the “Founders”) as a company with limited liability. We provide oilfield specialized equipment, automation systems, tools, chemicals and field services to petroleum companies mainly in the PRC. The Company’s wholly owned subsidiary, Recon Technology Co., Limited (“Recon-HK”) was incorporated on September 6, 2007 in Hong Kong. On November 15, 2007, Recon-HK established one wholly owned subsidiary, Jining Recon Technology Ltd. (“Recon-JN”) under the laws of the PRC, and later dissolved on April 10, 2019 as part of our previously disclosed organizational restructuring. Recon-HK did not own any assets or conduct any operations and was dissolved on May 15, 2020. On November 19, 2010, the Company established another wholly ow…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

33.2%Gross margin3
-37.5%Operating margin3
-27.0%Net margin3
75.0%Revenue growth, 20263
-5.2%Return on equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Automation product and software brought in 51% of the revenue Recon Technology, Ltd broke down this way in fiscal 2025.

  1. Automation product and software34.1M CNY651%up 27% from 2024
  2. Equipment, accessories and others18.4M CNY628%down 10% from 2024
  3. Oilfield environmental protection10.3M CNY616%down 41% from 2024
  4. Platform Outsourcing Services3.5M CNY65%down 13% from 2024
Products and services by year
Products and services202320242025
Automation product and software26.6M CNY26.8M CNY34.1M CNY
Equipment, accessories and others16.2M CNY20.5M CNY18.4M CNY
Oilfield environmental protection19.1M CNY17.6M CNY10.3M CNY
Platform Outsourcing Services5.1M CNY4.0M CNY3.5M CNY

Business segments

Automation product and software brought in 63% of the revenue Recon Technology, Ltd broke down this way in fiscal 2026.

  1. Automation product and software69.8M CNY363%up 104% from 2025
  2. Equipment, accessories and others27.9M CNY325%up 51% from 2025
  3. Oilfield environmental protection12.3M CNY311%up 19% from 2025
Business segments by year
Business segments202420252026
Automation product and software26.8M CNY34.1M CNY69.8M CNY
Equipment, accessories and others20.5M CNY18.4M CNY27.9M CNY
Oilfield environmental protection17.6M CNY10.3M CNY12.3M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue67¢$10.8M
  • Research and development12¢$1.9M
  • Other costs21¢$3.5M
  • Income tax0¢$237

Out of $16.2M in revenue.3 The company lost money this year.

Financial statements

Revenue78910111263$16.2M in 2026+9% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $14.9M$14.9M20192020: $9.3M$9.3M2020−38%2021: $7.4M$7.4M2021−20%2022: $12.5M$12.5M2022+69%2023: $9.3M$9.3M2023−26%2024: $9.5M$9.5M2024+2%2025: $9.3M$9.3M2025−2%2026: $16.2M$16.2M2026+75%
Gross profit78910111263$5.4M in 2026+24% since 2019
0$2.0M$4.0M$6.0M2019: $4.3M$4.3M20192020: $2.8M$2.8M2020−36%2021: $1.1M$1.1M2021−60%2022: $2.9M$2.9M2022+160%2023: $2.6M$2.6M2023−10%2024: $2.9M$2.9M2024+10%2025: $2.1M$2.1M2025−26%2026: $5.4M$5.4M2026+153%
Operating income78910111263-$6.1M in 2026+72% since 2019
-$15.0M-$10.0M-$5.0M02019: -$3.5M-$3.5M20192020: -$2.9M-$2.9M2020−19%2021: -$9.5M-$9.5M2021+234%2022: -$12.3M-$12.3M2022+29%2023: -$9.6M-$9.6M2023−22%2024: -$9.9M-$9.9M2024+3%2025: -$8.0M-$8.0M2025−19%2026: -$6.1M-$6.1M2026−24%
Net income78910111263-$4.4M in 2026+18% since 2019
-$10.0M0$10.0M$20.0M2019: -$3.7M-$3.7M20192020: -$2.7M-$2.7M2020−26%2021: -$3.5M-$3.5M2021+30%2022: $14.3M$14.3M20222023: -$8.2M-$8.2M20232024: -$6.9M-$6.9M2024−16%2025: -$5.9M-$5.9M2025−13%2026: -$4.4M-$4.4M2026−26%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2026-06-302025-06-302024-06-30
Revenue109.9M CNY66.3M CNY68.9M CNY
Cost of revenue73.4M CNY51.0M CNY48.0M CNY
Gross profit36.5M CNY15.2M CNY20.9M CNY
Selling and distribution expenses5.3M CNY9.3M CNY10.4M CNY
General and administrative expenses55.5M CNY49.6M CNY63.8M CNY
Allowance for (net recovery of) credit losses4.1M CNY-2.9M CNY4.1M CNY
Research and development expenses12.9M CNY16.4M CNY14.3M CNY
Operating expenses77.7M CNY72.6M CNY92.5M CNY
Loss from operations-41.2M CNY-57.3M CNY-71.6M CNY
Subsidy income37.2K CNY85.8K CNY131.4K CNY
Interest income11.9M CNY13.4M CNY22.9M CNY
Interest expense-1.0M CNY-1.1M CNY-1.1M CNY
Loss from investment in unconsolidated entity-1.1M CNY0 CNY0 CNY
Loss (gain) in fair value changes of warrants liability671 CNY6.2K CNY-934.0K CNY
Foreign exchange transaction gain (loss)-79.2K CNY952.8K CNY-881.7K CNY
Other income-178.5K CNY296.2K CNY59.0K CNY
Other income, net9.6M CNY13.6M CNY20.2M CNY
Loss before income tax-31.6M CNY-43.7M CNY-51.4M CNY
Income tax expenses (benefits)-1.6K CNY1.6K CNY30 CNY
Net loss-31.6M CNY-43.7M CNY-51.4M CNY
Less: Net loss attributable to non-controlling interests-2.0M CNY-1.1M CNY-1.6M CNY
Net loss attributable to Recon Technology, Ltd-29.7M CNY-42.6M CNY-49.9M CNY
Foreign currency translation adjustment-6.4M CNY-3.6M CNY2.0M CNY
Comprehensive loss-38.0M CNY-47.3M CNY-49.4M CNY
Less: Comprehensive loss attributable to non- controlling interests-2.0M CNY-1.1M CNY-1.6M CNY
Comprehensive loss attributable to Recon Technology, Ltd-36.0M CNY-46.2M CNY-47.9M CNY
Loss per share - basic-266.52 CNY-936.18 CNY-1,974.16 CNY
Loss per share - diluted-266.52 CNY-936.18 CNY-1,974.16 CNY
Weighted - average shares - basic111.3K shares45.5K shares25.3K shares
Weighted - average shares - diluted111.3K shares45.5K shares25.3K shares

Compare Recon Technology, Ltd with another company

Corporate structure

Recon Technology, Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Recon Technology, Ltd

  • Recon Technology, Ltd Beijing, China

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Recon Technology, Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$12.7M3 Jun 30, 2026$1.7M6 Jun 30, 2025+659.8%
Accumulated depreciation$3.1M3 Jun 30, 2026$2.5M6 Jun 30, 2025+21.6%

Real estate and locations

ItemLatestA year beforeChange
Area of land50 acres3 Jun 30, 202650 acres6 Jun 30, 20250%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.4M3 Jun 30, 2026$13.8M6 Jun 30, 2025−68.2%
Marketable securities, current$1.3M3 Jun 30, 2026$502.4K6 Jun 30, 2025+164.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$196.1K3 Jun 30, 2026$187.7K6 Jun 30, 2025+4.5%

Leadership

Who has led Recon Technology, Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Shenping Yin2026–now
Board members and other officers (4)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorGuangqiang Chen named Mar 27, 202317
  • Executive Officer, DirectorJia Liu named Mar 27, 202317
  • DirectorJijun Hu named Mar 27, 202317
  • DirectorNelson N.S. Wong named Mar 27, 202317
  • DirectorShudong Zhao named Mar 27, 202317

Timeline

  1. Apr 1, 2026New chief executive Shenping Yin becomes CEO13

Filings

129 filings to the SEC since October 2021: 8 annual reports, 5 insider forms, 14 large holders, 1 private raises, 101 other. The latest 20:

  1. Sep 30, 202620-F EDGAR
  2. Sep 18, 20266-K EDGAR
  3. Aug 13, 20266-K EDGAR
  4. Jul 31, 20266-K EDGAR
  5. Jul 29, 2026424B5 EDGAR
  6. May 6, 20266-K EDGAR
  7. Apr 16, 20266-K EDGAR
  8. Apr 10, 20263 OWNERSHIP DOCUMENT EDGAR
  9. Apr 1, 20263 OWNERSHIP DOCUMENT EDGAR
  10. Apr 1, 20263 OWNERSHIP DOCUMENT EDGAR
  11. Apr 1, 20263 OWNERSHIP DOCUMENT EDGAR
  12. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  13. Mar 13, 20266-K EDGAR
  14. Feb 18, 20266-K EDGAR
  15. Jan 14, 2026EFFECT EDGAR
  16. Jan 12, 2026CORRESP EDGAR
  17. Jan 9, 2026CORRESP EDGAR
  18. Jan 9, 2026UPLOAD EDGAR
  19. Jan 8, 2026CORRESP EDGAR
  20. Jan 2, 2026F-3 EDGAR

The 129 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$8.0M 2023–2023
Money received by yearMoney received by year, 2023–2023: $8.0M in all. Private raises (Form D) $8.0M.$0$2.5M$5M$7.5M$10M2023 · Private raises (Form D): $8.0M2023
Figures by year
YearPrivate raises (Form D)Total
2023$8.0M$8.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Mar 15, 2023Raised $8 million in a private offering of securities17 Form D: 8 investors so far Form D

SEC filer profile

How Recon Technology, Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRecon Technology, Ltd1
  • CIK0001442620
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsJune 301
  • Industry code (SIC)1389 Oil & Gas Field Services, NEC1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressRoom 601, 1 Shui'An South Street, Chaoyang District, Beijing, 100012, China1
  • Phone86 10 8494-57991
  • Shares outstanding353,154 Common Class A shares; 20,000,000 Common Class B shares as of Jun 30, 20265
  • AuditorEnrome LLP, Singapore PCAOB ID 69075
  • On EDGAR sinceAug 12, 20081
  • Filings365 in all: 6-K (83), CORRESP (36), UPLOAD (34), 8-K (30), 10-Q (22), SC 13G (17), EFFECT (12), 424B5 (11)1
    All 40 form types

    F-3/A (11), 20-F (10), SC 13G/A (10), 10-K (8), F-3 (7), S-1/A (7), SC 13D (6), 3 (5), 424B3 (5), D (5), DEF 14A (5), 6-K/A (4), F-1/A (4), S-8 (4), 10-Q/A (3), 20-F/A (3), 10-K/A (2), F-1 (2), PRER14A (2), RW (2), S-1 (2), S-3 (2), SC 13D/A (2), 8-A12B (1), 8-A12B/A (1), 8-K/A (1), CERTNAS (1), F-3MEF (1), NT 10-K (1), NT 20-F (1), PREM14A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Sep 30, 2026
    Quarterly report (10-Q) Nov 14, 2016
    Proxy statement (DEF 14A) Jun 6, 2016
    Latest 8-K (8-K) Nov 25, 2016

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, $0.02 par value per share*RCONNASDAQ

From the cover page of the 20-F filed Sep 30, 2026 (Section 12(b) of the Exchange Act).5

Sources

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