Earnings summaries and quarterly performance for Recon Technology.
Research analysts covering Recon Technology.
Recent press releases and 8-K filings for RCON.
ReconAfrica Completes C$36.8 Million Underwritten Offering
RCON
New Projects/Investments
- Reconnaissance Energy Africa Ltd. (ReconAfrica) completed an underwritten offering, raising C$36,800,098 in aggregate gross proceeds.
- The offering involved the issuance of 38,736,945 units at a price of C$0.95 per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
- The net proceeds are designated to fund ReconAfrica's 2026 capital program, which includes production testing at Kavango West 1X, advancing the Kavango appraisal well, and activities on the Ngulu block in Gabon.
- BW Energy Limited acquired 2,315,780 Units for C$2,199,991, resulting in BW Energy beneficially owning approximately 6.96% of ReconAfrica's undiluted common shares following the offering.
Jan 19, 2026, 7:20 PM
Recon Technology, Ltd. Announces AGM with Key Proposals
RCON
Board Change
Auditor Change
- Recon Technology, Ltd. (RCON) will hold its Annual General Meeting (AGM) on February 13, 2026, for shareholders of record as of December 29, 2025.
- Shareholders will vote on the appointment of Hu Zhongchen and Yonggang Duan as Class I directors, and the ratification of Enrome LLP as the independent auditor for the fiscal year ending June 30, 2026.
- Key proposals include an increase in authorized share capital from US$58,000 to US$320,000, by creating an additional 2.5 billion Class A and 120 million Class B ordinary shares.
- A reverse share split proposal for Class A Ordinary Shares is also on the agenda, with an aggregate exchange ratio of up to one-for-eight thousand (1:8,000), to be implemented at the Board's discretion within two years of the AGM.
- The Board of Directors unanimously recommends voting "FOR" all proposals.
Dec 30, 2025, 10:19 PM
Recon Technology Reports Fiscal Year 2025 Financial Results
RCON
Earnings
New Projects/Investments
Demand Weakening
- Recon Technology, Ltd reported a 3.7% decrease in total revenue, reaching RMB66.3 million ($9.3 million) for the fiscal year ended June 30, 2025, down from RMB68.8 million ($9.6 million) in the same period of 2024.
- The company's gross profit decreased to RMB15.2 million ($2.1 million), with the gross margin falling to 23.0% for fiscal year 2025, compared to 30.3% for fiscal year 2024.
- Net loss for fiscal year 2025 was RMB43.7 million ($6.1 million), an improvement from a net loss of RMB51.4 million ($7.2 million) in the prior fiscal year.
- Management noted that oil price fluctuations impacted primary clients, leading to reduced capital expenditures and negatively affecting profitability.
- To counter these challenges, the company secured new clients outside the oilfield industry, expanded its overseas oilfield client base, and began construction of a Chemical Circular Factory, which is anticipated to be completed by the end of 2025 and significantly enhance operations in fiscal year 2026.
Oct 14, 2025, 8:30 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more