RCON
Recon Technology, Ltd.1.4000
+0.0400+2.94%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
42.88MP/E (TTM)
-Basic EPS (TTM)
-0.66Dividend Yield
0%Recent Filings
8-K
Foreign private issuer status
Recon Technology determined on November 25, 2016, that it qualifies as a foreign private issuer under Exchange Act Rule 3b-4. Effective immediately after this 8-K filing, it shifts to Form 20-F annual reports and Form 6-K current reports. Lighter U.S. disclosure rules now apply. Cayman Islands-based, it operates from Beijing.
10-Q
Q1 FY2017 results
Recon Technology doubled revenue to ¥7.8M in Q1 FY2017 ended September 30, 2016, up 117% y/y, driven by ¥1.9M from new waste water treatment products and furnaces for Changqing Oilfield; gross profit climbed 172% to ¥1.1M with margins expanding to 14.0% from 11.2%. Operating loss narrowed to ¥5.5M from ¥8.7M as provisions and R&D costs plunged. Cash dipped to ¥0.6M while related-party short-term borrowings stood at ¥12.5M; working capital held at ¥41.2M. Losses persist. Oil prices sway demand.
10-K
FY2016 results
Recon's FY2016 revenue fell 17.1% y/y to ¥42.7M, driven by 49% drop in equipment sales amid low oil prices that curbed furnace demand, yet automation products grew 11.7% and services surged 1040% to ¥1.2M on maintenance needs; wastewater treatment added ¥2.3M new revenue. Gross margin slipped to 17.0% from 19.6% under pricing pressure. Operating loss widened to ¥39.9M, fueled by ¥14.5M bad debt provisions and R&D up 64.5% to ¥6.9M. Cash dwindled to ¥1.8M; related-party debt stood at ¥12.9M. No outlook disclosed. Low oil prices threaten quarterly momentum.
8-K
Terminates QHHY acquisition deal.
Recon Technology terminated its planned acquisition of Qinghai Huayou Downhole Technology on July 23, 2016, after an audit revealed QHHY missed 2015 financial projections and won't hit 2016 targets. The deal, valued at $3.60 million in shares plus up to $4.8 million cash contingent on performance, collapsed despite renegotiation attempts. No termination penalties apply. Board pulled the plug.
8-K
Shareholders approve directors, auditors
Recon Technology shareholders approved electing Shenping Yin and Guangqiang Chen as Class III directors at the June 30, 2016 annual meeting. They ratified Friedman LLP as auditors for fiscal year ending June 30, 2016, and backed executive compensation on a non-binding basis. Votes sailed through. Governance stays steady.
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