Recon Technology Ltd (RCON)

Recon Technology, Ltd Reports Financial Results for the First Six Months of Fiscal Year 2026March 13, 2026 9:10 AM
PR Newswire (US)

BEIJING, March 13, 2026 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for the first six months of fiscal year 2026.First Six Months of Fiscal 2026 Financial Highlights:Total revenue increased to RMB85.0 million ($12.2 million) for the six months ended December 31, 2025, from RMB42.0 million ($5.8 million) for the same period in 2024.Gross profit increased to RMB28.5 million ($4.1 million) for the six months ended December 31, 2025, from RMB13.4 million ($1.9 million) for the same period in 2024.Gross margin increased to 33.5% for the six months ended December 31, 2025 from 31.7% for the same period in 2024.Net loss was RMB7.2 million ($1.0 million) for the six months ended December 31, 2025, a decrease of RMB13.5 million ($1.9 million) from net loss of RMB20.7 million ($3.0 million) for the same period of 2024. 

For the Six Months Ended


December 31,
(in RMB millions, except earnings per share; differences due
to rounding)
2025
2024
Increase /(Decrease)
Percentage Change
Revenue
RMB
85.0
RMB
42.0
RMB
43.0
102.2 %
Gross profit


28.5


13.4


15.1
113.2 %
Gross margin


33.5 %


31.7 %


1.8 %
—
Net loss


(7.2)


(20.7)


(13.5)
65.2 %
Net loss per share – Basic and diluted


(0.61)


(2.29)


(1.68)
73.3 %
Management CommentaryMr. Shenping Yin, Founder and CEO of Recon, stated: "We are encouraged by the significant progress the Company has made during the first half of fiscal year 2026. For the six months ended December 31, 2025, Recon's core business remained stable and achieved substantial growth, primarily driven by the successful execution of overseas oilfield projects and the recovery of domestic oilfield production activities. Furthermore, Recon remains committed to diversifying its revenue streams and seizing opportunities in the circular economy. The Company's plastic chemical recycling project, launched in 2023, continues to progress on schedule. The project, which is expected to be fully completed by July 2026, will position Recon to capitalize on the growing demand for sustainable and recycled materials, aligning with global ESG trends and creating long-term value for shareholders. "Mr. Yin continued, "Amid a dynamic global energy market characterized by supply-demand rebalancing and evolving industry changes, the Company has demonstrated resilience and adaptability, leveraging its core strengths to drive revenue growth while navigating operational challenges. Our focus on high-value-added services, strategic diversification, and operational excellence will continue to guide our decisions as we pursue our long-term growth objectives."Recon Technology remains committed to delivering innovative, reliable solutions to its customers while upholding the highest standards of corporate governance and social responsibility. The Company will continue to provide timely updates on its business progress and financial performance as it executes its strategic plan.First Six Months Fiscal 2026 Financial Results:RevenueTotal revenues for the six months ended December 31, 2025 were approximately RMB85.0 million ($12.2 million), an increase of approximately RMB43.0 million ($6.2 million) or 102.2% from RMB42.0 million ($6.0 million) for the same period in 2024.Revenue from automation product and software increased by RMB41.4 million ($5.9 million) or 197.6%. For the six months ended December 31, 2025, the increase in revenue from automation products and software was primarily driven by the Company's RMB44.2 million overseas oilfield projects during the period. This was a consequence of the second phase of oilfield capacity construction and the launch of a major automation service and maintenance project that we secured outside China in 2012. The growth was partially offset by a decline of RMB2.7 million in the domestic oilfield business, due to reduced maintenance efforts in the domestic market during the six months period, as our focus shifted towards overseas projects. Looking ahead, we will be making a particular shift in our personnel, moving them from overseeing markets to strengthening our domestic market maintenance.Revenue from equipment and accessories increased by RMB1.6 million ($0.2 million) or 10.2 %. For the six months ended December 31, 2025, the increase was primarily driven by a RMB4.1 million growth contributed by offshore oilfield operations, as well as revenues of about RMB1.2 million from new onshore oilfield customers. This increase offset some of the RMB3.7 million revenue decline due to reduced business from some occasional orders we achieved in the compared period.Revenue from oilfield environmental protection services increased by RMB2.8 million ($0.4 million), or 101.3%. This growth was primarily driven by the increase of settlement prices of some wastewater treatment clients.Revenue from platform outsourcing services decreased by RMB2.7 million ($0.4 million) or 100%. FGS's operations were materially and adversely affected by strategic shifts in its major clients' business decisions to terminate online cooperation of third-party companies and unfavorable changes in domestic industry policies. Consequently, FGS's revenue and active business activities declined precipitously, resulting in zero revenue for the six months ended December 31, 2025.Cost of revenueCost of revenues increased from RMB28.7 million ($4.1 million) for the six months ended December 31, 2024 to RMB56.6 million ($8.1 million) for the same period in 2025.For the six months ended December 31, 2024 and 2025, cost of revenue from automation product and software was approximately RMB12.4 million and RMB40.7 million ($5.8 million), respectively, representing an increase of approximately RMB28.3 million ($4.0 million) or 228.6%. The increase in cost of revenue from automation product and software was primarily attributable to increased revenue of automation products and software.For the six months ended December 31, 2024 and 2025, cost of revenue from equipment and accessories was approximately RMB11.2 million and RMB13.2 million ($1.9 million), respectively, representing an increase of approximately RMB2.0 million ($0.3 million) or 18.0%. The increase in costs of revenue was primarily driven by expanded business activity, mirroring the same factor behind the growth in revenue.For the six months ended December 31, 2024 and 2025, cost of revenue from oilfield environmental protection was approximately RMB4.8 million and RMB2.7 million ($0.4 million), respectively, representing a decrease of approximately RMB2.1 million ($0.3 million) or 43.7%. While actively pursuing new business opportunities in a constrained market, the Company undertook testing projects. Given their high uncertainty, equipment costs for these projects were fully costing upon purchase in the prior period, resulting in lower costs in the current period compared to the prior period.For the six months ended December 31, 2024 and 2025, the reason for the decrease is consistent with that of the revenue decline.Gross profitGross profit increased to RMB28.5 million ($4.1 million) for the six months ended December 31,2025 from RMB13.4 million ($1.9 million) for the same period in 2024. Our gross profit as a percentage of revenue increased to 33.5% for the six months ended December 31, 2025 from 31.7% for the same period in 2024.For the six months ended December 31, 2024 and 2025, gross profit from automation products and software was approximately RMB8.5 million and RMB21.6 million ($3.1 million), respectively. This represents an increase of approximately RMB13.1 million ($1.9 million), or 152.8%, primarily driven by the Company's overseas oilfield projects. However, the overall gross margin declined during the period due to a higher proportion of hardware revenue, which carries a lower gross margin.For the six months ended December 31, 2024 and 2025, gross profit from equipment and accessories was approximately RMB4.5 million and RMB4.1 million ($0.6 million), respectively, representing a decrease of approximately RMB0.4 million ($0.1 million) or 8.8%. The gross margin for automation equipment and accessories has remained relatively stable in this period.For the six months ended December 31, 2024 and 2025, gross profit from oilfield environmental protection services was approximately negative RMB2.1 million and RMB2.7 million ($0.4 million), respectively, representing an increase of RMB4.9 million ($0.7 million), or 229.1%. The higher costs in the prior period were primarily due to testing projects conducted in 2024, for which equipment costs were fully expensed upon purchase.For the six months ended December 31, 2024 and 2025, gross profit from platform outsourcing services was approximately RMB2.4 million and nil, respectively, representing a decrease of approximately RMB2.4 million ($0.3 million), or 100%, primarily due to the suspension of operations.Operating expensesSelling expenses decreased by 16.2%, or RMB0.9 million ($0.1 million), from RMB5.2 million for the six months ended December 31, 2024 to RMB4.3 million ($0.6 million) in the same period of 2025.General and administrative expenses increased by 19.3%, or RMB4.6 million ($0.7 million), from RMB24.0 million for the six months ended December 31, 2024 to RMB28.7 million ($4.1 million) in the same period of 2025.The Company also recorded allowance for credit losses of RMB0.9 million for the six months ended December 31, 2024 as compared to net recovery of credit losses of RMB0.02 million ($0.003 million) for the same period in 2025.Research and development expenses decreased by 22.1%, or RMB2.2 million ($0.3 million) from RMB10.2 million for the six months ended December 31, 2024 to RMB7.9 million ($1.1 million) for the same period of 2025.Loss from operationsLoss from operations was RMB12.4 million ($1.8 million) for the six months ended December 31, 2025, compared to a loss of RMB26.9 million for the same period of 2024. This RMB14.5 million ($2.1 million) decrease in operating losses was mainly driven by higher operating gross profit, as previously discussed.Change in fair value of warrant liabilityThe Company classified the warrants issued in connection with common share offering as liabilities at their fair value and adjusted the warrant instrument to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in our statement of operations. Change in fair value changes of warrant liability was negative RMB10,327 and RMB584.0 ($84.0) for the six months ended December 31, 2024 and 2025, respectively. The primary reason for the decrease in the fair value loss of the warrant liability was the change in the fair value assessment price.Interest incomeNet interest income was RMB6.4 million ($0.9 million) for the six months ended December 31, 2025, compared to net interest income of RMB6.6 million for the same period of 2024. Interest income remained relatively stable.Other expenses, net.Other net expenses amounted to RMB1.2 million ($0.2 million) for the six months ended December 31, 2025, compared to RMB0.4 million for the same period in 2024, representing an increase of RMB0.8 million ($0.1 million). The increase was primarily due to the closure of Qinghai BHD and the disposal of 51% equity interest in MSJ, which together resulted in a total loss on equity shares investments of RMB1.1 million.Net lossAs a result of the factors described above, net loss was RMB7.2 million ($1.0 million) for the six months ended December 31, 2025, a decrease of RMB13.5 million ($1.9 million) from net loss of RMB20.7 million for the same period of 2024.Cash and short-term investmentAs of December 31, 2025, we had cash in the amount of approximately RMB75.1 million ($10.7 million).As of June 30, 2025, we had cash in the amount of approximately RMB98.9 million ($14.1 million) and short-term investment in bank fixed income product of approximately RMB3.6 million ($0.5 million).About Recon Technology, Ltd ("RCON")Recon Technology, Ltd (NASDAQ: RCON) is the People's Republic of China's first NASDAQ-listed non-state owned oil and gas field service company. Recon supplies China's largest oil exploration companies, with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, RCON has taken leading positions within several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: http://www.recon.cn/.Forward-Looking StatementsRecon includes "forward-looking statements" within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as "scheduled," "may," "will," "could," "should," "would," "expect," "believe," "anticipate," "project," "plan," "estimate," "forecast," "goal," "objective," "committed," "intend," "continue," or "will likely result," and similar expressions that concern Recon's strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon's operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under "Risk Factors" in Recon's most recent Annual Report on Form 20-F and any subsequent half-year financial filings on Form 6-K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.For more information, please contact:The Company
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5799
Email: info@recon.cn  RECON TECHNOLOGY, LTDCONDENSED CONSOLIDATED INTERIM BALANCE SHEETS


As of June 30,
As of December 31,
As of December 31,

2025
2025
2025

RMB
RMB
US DollarsASSETS




(UNAUDITED)

(UNAUDITED)Current assets








Cash
¥98,874,577
¥75,084,982
$10,737,010Restricted cash

8,204

8,204

1,173Short-term investments

3,599,211

—

—Notes receivable

—

178,200

25,482Accounts receivable, net

35,852,484

77,585,955

11,094,644Inventories, net

1,344,588

654,915

93,652Other receivables, net

3,760,881

6,252,762

894,133Other receivables - related parties

67,976

67,976

9,720Loans to third parties

141,564,073

145,778,591

20,846,061Purchase advances, net

14,619,556

13,460,083

1,924,766Contract costs, net

53,547,408

26,519,752

3,792,274Prepaid expenses

389,216

36,773

5,258Deferred offering cost

2,529,724

—

—Total current assets

356,157,898

345,628,193

49,424,173









Property and equipment, net

19,986,635

18,511,089

2,647,051Construction in progress

12,000,900

40,370,158

5,772,856Investment in unconsolidated entity, net

—

1,474,974

210,918Long-term loan to third parties

118,500,000

119,475,040

17,084,703Operating lease right-of-use assets, net (including RMB696,851 and RMB119,411 ($17,075) from related parties as
    of June 30, 2025 and December 31, 2025, respectively)

18,975,692

17,537,008

2,507,759Total Assets
¥525,621,125
¥542,996,462
$77,647,460









LIABILITIES AND EQUITY


















Current liabilities








Short-term bank loans
¥11,582,336
¥15,585,806
$2,228,741Accounts payable

19,398,669

37,422,742

5,351,381Other payables

6,154,889

5,148,841

736,274Other payable- related parties

2,927,377

1,290,556

184,547Contract liabilities

4,719,255

1,273,179

182,062Contract liabilities- related parties

—

400,000

57,199Accrued payroll and employees' welfare

3,212,227

5,813,397

831,305Taxes payable

795,629

2,855,083

408,271Short-term borrowings - related parties

10,017,250

10,018,208

1,432,585Operating lease liabilities - current (including RMB355,601 and RMB119,411 ($17,075) from related parties as of
   June 30, 2025 and December 31, 2025, respectively)

1,761,231

1,759,435

251,596Warrant liability - current

—

98

14Total Current Liabilities

60,568,863

81,567,345

11,663,975









Operating lease liabilities - non-current (including nil and nil from related parties as of June 30, 2025 and December
    31, 2025, respectively)

1,081,827

363,277

51,948Long-term borrowings - related party

10,000,000

10,000,000

1,429,981Warrant liability - non-current

688

—

—Total Liabilities
¥71,651,378
¥91,930,622
$13,145,904









Commitments and Contingencies


















Shareholders' Equity








Class A Ordinary Shares, $0.0001 US dollar par value, 500,000,000 shares authorized; 10,627,426 shares and
   10,627,426 shares issued and outstanding as of June 30, 2025 and December 31, 2025, respectively

101,548

101,548

14,521Class B Ordinary Shares, $0.0001 US dollar par value, 80,000,000 shares authorized; 20,000,000 shares and
   20,000,000 shares issued and outstanding as of June 30, 2025 and December 31, 2025, respectively

14,038

14,038

2,007Additional paid-in capital

692,569,747

698,913,255

99,943,266Statutory reserve

4,148,929

4,148,929

593,289Accumulated deficit

(262,900,639)

(268,723,654)

(38,426,971)Accumulated other comprehensive income

33,493,895

29,922,499

4,278,860Total Recon Technology, Ltd' equity

467,427,518

464,376,615

66,404,972Non-controlling interests

(13,457,771)

(13,310,775)

(1,903,416)Total shareholders' equity

453,969,747

451,065,840

64,501,556Total Liabilities and Shareholders' Equity
¥525,621,125
¥542,996,462
$77,647,460The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.RECON TECHNOLOGY, LTDCONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(UNAUDITED)


For the six months ended

December 31,

2024
2025
2025

RMB
RMB
USD









Revenue

42,069,270

85,048,921

12,161,834Cost of revenue

28,714,468

56,571,163

8,089,569Gross profit

13,354,802

28,477,758

4,072,265









Selling and distribution expenses

5,177,944

4,340,014

620,614General and administrative expenses

24,038,744

28,677,355

4,100,807Allowance for (Reversal of) credit losses

870,714

(18,355)

(2,625)Research and development expenses

10,167,182

7,921,405

1,132,746Operating expenses

40,254,584

40,920,419

5,851,542









Loss from operations

(26,899,782)

(12,442,661)

(1,779,277)









Other income (expenses)








Subsidy income

21,045

23,606

3,376Interest income

7,136,259

6,909,801

988,088Interest expense

(580,977)

(527,976)

(75,500)Loss on equity shares investments

—

(1,102,361)

(157,636)Gain (loss) in fair value changes of warrants liability

(10,327)

584

84Foreign exchange transaction loss

(313,263)

(8,718)

(1,247)Other expenses

(80,945)

(75,885)

(10,851)Other income, net

6,171,792

5,219,051

746,314Loss before income tax

(20,727,990)

(7,223,610)

(1,032,963)Income tax expenses (benefits)

1,609

(1,609)

(230)Net loss

(20,729,599)

(7,222,001)

(1,032,733)









Less: Net loss attributable to non-controlling interests

(141,270)

(1,398,986)

(200,052)Net loss attributable to Recon Technology, Ltd
¥(20,588,329)
¥(5,823,015)
$(832,681)









Comprehensive income (loss)








Net loss

(20,729,599)

(7,222,001)

(1,032,733)Foreign currency translation adjustment

1,207,501

(3,571,396)

(510,703)Comprehensive loss

(19,522,098)

(10,793,397)

(1,543,436)Less: Comprehensive loss attributable to non- controlling interests

(141,270)

(1,398,986)

(200,052)Comprehensive loss attributable to Recon Technology, Ltd
¥(19,380,828)
¥(9,394,411)
$(1,343,384)









Loss per share - basic and diluted
¥(2.29)
¥(0.61)
$(0.09)









Weighted - average shares -basic and diluted

8,978,328

9,475,344

9,475,344The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.RECON TECHNOLOGY, LTDCONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS(UNAUDITED)


For the six months ended December 31,

2024
2025
2025

RMB
RMB
US DollarsCash flows from operating activities:








Net loss
¥(20,729,599)
¥(7,222,001)
$(1,032,733)Adjustments to reconcile net loss to net cash used in operating activities:








Depreciation and amortization

1,724,066

1,438,445

205,695Loss from disposal of equipment

9,607

314

45Gain (loss) in fair value changes of warrants liability

10,327

(584)

(84)Allowance (Reversal of) for credit losses

870,714

(18,355)

(2,625)Allowance (Reversal of) for slow moving inventories

(523,228)

267,498

38,252Amortization of right-of-use assets

1,532,232

1,438,684

205,729Restricted shares issued for management and employees

5,353,151

6,343,508

907,110Loss on equity shares investments

—

1,102,361

157,636Cash position changes due to the decrease of ownership interest

—

(32,811)

(4,692)Accrued interest income from loans to third parties

(6,779,697)

(6,027,268)

(861,888)Expensing of deferred financing costs

—

2,529,724

361,746Changes in operating assets and liabilities:








Notes receivable

(1,864,913)

(178,200)

(25,482)Accounts receivable

(3,348,819)

(43,275,450)

(6,188,307)Inventories

(718,490)

244,960

35,029Other receivables

(358,057)

(2,454,191)

(350,945)Other receivables-related parties

(4,000)

—

—Purchase advances

81,256

784,301

112,154Contract costs

8,057,774

28,736,194

4,109,221Prepaid expense

(295,291)

352,443

50,399Operating lease liabilities

(1,039,360)

(720,346)

(103,008)Accounts payable

3,913,353

4,241,036

606,460Other payables

(1,194,817)

(939,715)

(134,377)Other payables-related parties

(511,754)

(1,636,821)

(234,062)Contract liabilities

2,277,655

(3,446,076)

(492,782)Contract liabilities-related parties

—

400,000

57,198Accrued payroll and employees' welfare

179,209

2,601,170

371,962Taxes payable

691,901

2,008,157

287,163Net cash used in operating activities

(12,666,780)

(13,463,023)

(1,925,186)









Cash flows from investing activities:








Investment in unconsolidated entity

—

(350,000)

(50,049)Purchases of property and equipment

(455,380)

(227,699)

(32,561)Proceeds from disposal of equipment

—

3,580

512Collection of loans to third parties

2,904,352

1,681,400

240,437Payments made for loans to third parties

(36,897,900)

(3,200,000)

(457,594)Payments and prepayments for construction in progress

(5,337,873)

(14,586,221)

(2,085,802)Redemption of short-term investments

88,892,092

3,496,550

500,000Net cash generated by (used in) investing activities

49,105,291

(13,182,390)

(1,885,057)









Cash flows from financing activities:








Proceeds from short-term bank loans

—

4,000,000

571,992Repayments of short-term bank loans

(843,487)

—

—Deferred offering costs

(810,082)

—

—Capital contribution by controlling shareholders

10,000

—

—Net cash generated by (used in) financing activities

(1,643,569)

4,000,000

571,992









Effect of exchange rate fluctuation on cash and restricted cash

(343,038)

(1,144,182)

(163,616)









Net increase (decrease) in cash and restricted cash

34,451,904

(23,789,595)

(3,401,867)Cash and restricted cash at beginning of period

110,840,610

98,882,781

14,140,050Cash and restricted cash at end of period
¥145,292,514
¥75,093,186
$10,738,183









Supplemental cash flow information








Cash paid during the period for interest
¥518,086
¥518,417
$74,133Cash paid during the period for taxes
¥1,363,403
¥—

—









Reconciliation of cash and restricted cash, beginning of period








Cash
¥109,991,674
¥98,033,845
$14,018,654Restricted cash

848,936

848,936

121,396Cash and restricted cash, beginning of period
¥110,840,610
¥98,882,781
$14,140,050









Reconciliation of cash and restricted cash, end of period








Cash
¥145,284,391
¥75,084,982
$10,737,010Restricted cash

8,123

8,204

1,173Cash and restricted cash, end of period
¥145,292,514
¥75,093,186
$10,738,183









Non-cash investing and financing activities








Payable for construction in progress

—

13,783,037

1,970,948Investment in unconsolidated entity resulting from transfer out of control

—

1,124,974

160,869The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.



View original content:https://www.prnewswire.com/news-releases/recon-technology-ltd-reports-financial-results-for-the-first-six-months-of-fiscal-year-2026-302713387.htmlSOURCE Recon Technology, Ltd

Original: Recon Technology, Ltd Reports Financial Results for the First Six Months of Fiscal Year 2026

RCON........................https://stockcharts.com/sc3/ui/?s=RCON&p=W&b=5&g=0&id=p86431144783

RCON....................https://stockcharts.com/sc3/ui/?s=RCON&p=w&b=5&g=0&id=p86431144783

RCON.....................................................................p/m

RCON.....................................https://stockcharts.com/h-sc/ui?s=RCON&p=W&b=5&g=0&id=p86431144783

China dump

RCON 10Q due 11 October

RCON;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;https://stockcharts.com/h-sc/ui?s=RCON&p=W&b=5&g=0&id=p86431144783

RCON 10Q expected July 5

RCON........................................https://stockcharts.com/h-sc/ui?s=RCON&p=W&b=5&g=0&id=p86431144783

RCON.....................................https://stockcharts.com/h-sc/ui?s=RCON&p=W&b=5&g=0&id=p86431144783

RCON 10Q due 4/8

Thank you !!!

This one
https://ih.advfn.com/markets/nasdaq/premarket

RCON.......................https://stockcharts.com/h-sc/ui?s=RCON&p=W&b=5&g=0&id=p86431144783

Do you know of any sites that show gaps on stocks that are under a penny ?

RCON 10Q due 4/1 per Seeking Alpha

RCON 10Q due 3/25
Next day settlement begins 5/28 per SEC mandate

RCON......................................https://stockcharts.com/h-sc/ui?s=RCON&p=W&b=5&g=0&id=p86431144783

great bidding + ASK very thin

RCON new 52 week low

Recon Technology Announces Closing of $8 million Registered Direct Offering
March 17 2023 - 02:30PM
PR Newswire (US)

BEIJING, March 17, 2023 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today the closing of its previously announced registered direct offering with certain accredited investors to purchase approximately $8 million worth of its Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) in a registered direct offering, and Class A ordinary shares warrants in a concurrent private placement, for proceeds of approximately $8 million. In addition, ordinary share purchase warrants to purchase an aggregate of 7,950,769 ordinary shares previously issued by the Company to certain institutional investors on June 16, 2021 had the exercise price reduced to $0.80 in connection with this offering.

After deducting the placement agent's commission and other offering expenses payable by the Company, the net proceeds to the Company were approximately $7.1 million. The Company intends to use the net proceeds for general corporate purposes, including for the Company's research and development needs for current and future products, expansion of marketing efforts, and possible acquisitions of complementary assets or businesses.

Maxim Group LLC ("Maxim") acted as the sole placement agent in connection with this offering.

The securities described above were offered by the Company pursuant to a shelf registration statement on Form F-3 filed with the Securities and Exchange Commission (SEC) dated December 2, 2022, and declared effective on January 5, 2023. A prospectus supplement related to the offering were filed with the SEC on March 17, 2023 and is available on the SEC's website at http://www.sec.gov. Copies of the prospectus supplements relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by telephone: at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Recon Technology, Ltd.

Recon Technology, Ltd (NASDAQ: Recon) is China's first listed non-state owned oil and gas field service company on NASDAQ. Recon supplies China's largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation ("CNPC"), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, Recon has taken leading positions on several segmented markets of the oil and gas filed service industry. Recon also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: www.recon.cn.

Too compelling. I'm in.

In @ .401

$RCON: Crashing harddddddddddddddd ........... now 0.62

$RCON 0.62 down (-40%) Recon Technology Announces Pricing of $8 million Registered Direct Offering


GO $RCON

Lots of movement as of late.. ??

LOW OS AND FLOAT! WON'T SELL UNTIL $17!!

$RCON

Major turnaround and only green days ahead. Let's goooooo RCON back to $17.50!!

RCON will EXPLODE UPWARDS any day now! Shares were traded over $15 just couple of months ago.

Let's goooooo RCON back to $17.50!!

Great things to look forward to for longs for sure!

RCON $17.50!!

Longs winning in a landslide here!!

Let’s gooooooo RCON back to $17.50!!

Gonna be an INSANE RISE in SP!! RCON $17.50!!

RCON To Da MOOOOOOON any day now!! Naked Shorts will be roasted and burned!!! RCON $17.50!!!!

Today is just the beginning! BOOOOOOOOOM and then KABOOOOOOOOMS are imminent!!

RCON $17.50!!

Game over Shorts! Hold on your shares folks. MMS are playing games and robing weak hands. RCON will EXPLODE Upwards at any moment.

RCON $17.50!!

Let's SQUEEZE! RCON may RUN like GME any day now!! Mark my words.

$17.50++ !! WEEEEEEEEEEEEEEEE!!

Personally have decided to work with Sabby, not against!

Just wondering $17 mark? ;)

Nice form 4

This gonna EXPLODE to $17+ any day now!! Mark my words.

I like to trade RCON while eating what I call Sabby. It is cheese and crackers that are deep fried in pork lard.

Short shenanigan only. No sweating it!

Back to $17.50 any day now!!

Let's gooooooo RCON

This small float is going to be locked and we are going large!

DD! RCON is China's first NASDAQ-listed non-state owned oil and gas field service company!

Since the ascent in oil and gas costs from the year 2021, RCON’s significant clients, China’s oil organizations’ exhibitions have been improving, Recon’s business is additionally profiting from this pattern.

RCON - what hell of a chart! With just a 11m MC joke !!! (as was IMPP 3 weeks ago with 6 MC...!)
https://stockcharts.com/h-sc/ui?s=RCON

It`s going better - this was @$12 9 month ago...!

RSI(14) going to go to power zone!!!
PPS marked 52 week low last week... now PPS is waking up...!
Last days HEAVY volume comning in - w/ PPS increasing!!!

Recon Technology Ltd Financials
Market Cap $ 11.45M
Shares in Issue 7.20M
Float 25.58M
Revenue $ 7.42M
Profit/Loss -5.07M
EPS $ -0.28
PE Ratio $ -4.0

Recon supplies China's largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation ("CNPC"), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, RCON has taken leading positions on several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients, and its products and service are also well accepted by clients.

$$$ RCON huge breakout chart $$$

Social buzz up 69%!!! (as of 3/8/22) https://stocktwits.com/symbol/rcon

$$$ RCON huge breakout chart $$$ https://stockcharts.com/h-sc/ui?s=RCON

52 wk high is $17.50 and we are breaking these highs! Looking good!

RCON is Next INDO HUSA MARPS IMPP,This one has the Highest CASH and Revs Compared the Big Runnerrs todayy.