NASDAQ · RCON
Energy · Oil & Gas Equipment & Services
$1.20
Down-$0.10 (-8.33%)
Updated Oct 8, 2026, 7:56 PM
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Recon Technology Ltd provides automation systems, industrial equipment, and support services tailored for the oil and gas industry in China. The company's business spans key segments such as automation products and software, equipment and accessories, oilfield environmental protection, and platform outsourcing services. It generates the majority of its revenue by providing integrated automation services to Chinese petroleum companies at oilfields. Its key products and services include pumping unit controllers, natural gas flow computer systems, wireless dynamometers and wireless pressure gauges, and an oilfield monitor and data acquisition system. The company's operations are centered on servicing upstream clients throughout China, with some broader industrial automation solutions.
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Benzinga · Oct 14, 2025
Recon Technology reported a 3.7% revenue decrease to RMB66.3 million for fiscal year 2025, with reduced performance in oilfield services and ongoing construction of a chemical recycling factory. Despite challenges, the company expanded its client base and reduced net losses.
Benzinga · Aug 25, 2025
Recon Technology completed construction of a 40,000-ton-per-year waste plastic chemical recycling plant in Shandong, investing over $15 million. The project aims to produce 30,000 tons of plastic pyrolysis oil and 6,000 tons of carbon residue annually, with expected launch in December 2025.
Benzinga · Aug 5, 2025
Recon Technology Ltd. has been awarded a $5.85 million contract to upgrade and retrofit automation systems for a large gas field in Mid-Asia, with services expected to be completed within the next calendar year.
Benzinga · Jul 15, 2024
Recon Technology's (RCON) short percent of float has risen 6.06% since its last report, indicating increased bearish sentiment. The company has 27,000 shares sold short, which is 0.35% of all regular shares available for trading. Traders would take 5.61 days on average to cover their short positions.
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