공시 • Jan 02
Recon Technology, Ltd., Annual General Meeting, Feb 13, 2026 Recon Technology, Ltd., Annual General Meeting, Feb 13, 2026, at 10:00 China Standard Time. Location: companys headquarters at room 601, no. 1 shuian south street, chaoyang district, 100012, beijing China 공시 • Aug 26
Recon Technology Ltd. Announces Chemical Recycling Plant Construction Finished as Project Nears Production Launch Recon Technology Ltd. announced that the main manufacturing plant for Shandong Recon Renewable Resources Technology Co., Ltd. ("Shandong Recon")'s 40,000-ton-per-year waste plastic chemical recycling project ("Recon Plastic Chemical Recycling Project") was successfully topped out. This marks a key breakthrough in the project's construction, as it officially enters the equipment installation and commissioning phase. To date, the Company has invested over $15 million in this project. The project is expected to be fully completed by November 2025, and a required one-month trial operations production phase will commence in December 2025, in accordance with domestic regulatory laws, rules, and regulations. The Recon Plastic Chemical Recycling Project spans an area of approximately 50 acres. Upon completion and commencement of operations, the main construction components of the project will include six pyrolysis units, two distillation units, and corresponding environmental protection facilities. The project is expected to produce 30,000 tons of plastic pyrolysis oil and 6,000 tons of carbon residue annually, generating an estimated $30 million in annual returns and achieving the high-value conversion of waste plastic resources. Technologically, the Recon plastic Chemical Recycling Project adopts a dual-process approach combining catalytic pyrolysis and catalytic reforming. The pyrolysis process employs a "horizontal screw-type three-stage continuous reactor" for the first time, and effectively addressing the technical challenge of plastic coking in traditional processes and ensuring stable and continuous feedstock supply. Additionally, the introduction of catalytic reforming significantly increases the olefin content of the pyrolysis oil, substantially enhancing its value and competitiveness in the market. These technological breakthroughs are leading-edge applications in the global plastic pyrolysis field. Currently, the primary raw material for this project is membrane film-type waste plastic, which is difficult to process using physical recycling methods. 공시 • Mar 28
Recon Technology, Ltd., Annual General Meeting, May 15, 2025 Recon Technology, Ltd., Annual General Meeting, May 15, 2025, at 10:00 China Standard Time. Location: companys headquarters at room 601, no. 1 shuian south street, chaoyang district, 100012, beijing China 공시 • Oct 10
Recon Technology, Ltd. Announces Board Changes On October 9, 2024, Mr. Shudong Zhao, an independent director, submitted his resignation to the Board of Directors (the “Board”) due to personal reasons. There was no disagreement between the Company and Mr. Zhao. The Board accepted the resignation and appointed Mr. Hu Zhongchen to fill the vacancy on October 9, 2024. Mr. Hu is retired from Baotou Steel (Group) Co., Ltd. after having been employed from 1979 to 2014. Mr. Hu received his bachelor’s degree in Business Management in 1979 from Inner Mongolia University of Technology. He possesses a China’s Senior Economist certificate. Mr. Hu was chosen to serve as a director because of his expertise and experience in economic management and deep understanding of China’s energy industry. 공시 • Sep 12
Recon Technology, Ltd. has filed a Follow-on Equity Offering in the amount of $20 million. Recon Technology, Ltd. has filed a Follow-on Equity Offering in the amount of $20 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock 공시 • May 24
Recon Technology Regains Nasdaq Compliance and Hearing Moot Recon Technology, Ltd. (‘Recon’ or the ‘Company’) announced that on May 22, 2024, it had received a letter dated May 22, 2024 (the ‘Compliance Letter’) from the Listing Qualifications Hearings Department of Nasdaq notifying the Company that (i) the Company's bid price deficiency had been cured and (ii) the Company was in compliance with all applicable listing standards. Accordingly, the Compliance Letter provided that the Company's scheduled hearing had been determined to be moot and had been cancelled, and the Company's ordinary shares will continue to be listed and traded on The Nasdaq Capital Market. New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (CN¥40m net loss in 2 years). Market cap is less than US$100m (€24.3m market cap, or US$26.4m). 공시 • Apr 30
Recon Technology Receives Nasdaq Delisting Determination and Submits Appeal to a Hearings Panel Recon Technology, Ltd. (‘Recon’ or the ‘Company’) announced that on April 23, 2024, it has received a Staff determination letter (the ‘Letter’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’), notifying the Company of the Staff's determination to delist the Company's securities from The Nasdaq Capital Market because the Company currently fails to satisfy the requirement that the closing bid price of its securities remain at $1.00 or higher as required by Nasdaq Listing Rule 5810(c)(3)(A) (the ‘Minimum Bid Price Rule’). The Company had received a period of 180 calendar days and a second period of an additional 180 calendar days to return to compliance with the Minimum Bid Price Rule, which compliance period expired on April 22, 2024. As of April 22, 2024, the Company did not regain compliance with Listing Rule 5550(a)(2) which was triggered since the bid price of the Company's listed securities had closed at less than $1.00 per share over the previous 30 consecutive business days. Pursuant to the Letter, unless the Company requests an appeal of the Letter, trading of the Company's ordinary shares will be suspended at the opening of business on May 2, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’), which will remove the Company's securities from listing and registration on the Nasdaq Stock Market. The Company has already appealed the Staff's determination to a Hearings Panel (the ‘Panel’), and separately the Company expects the recently approved consolidation of its Class A ordinary shares will take effect on May 1, 2024. The Company's hearing request submission will stay the suspension of the Company's securities and the filing of the Form 25-NSE pending the Panel's decision. 공시 • Feb 14
Recon Technology, Ltd., Annual General Meeting, Mar 29, 2024 Recon Technology, Ltd., Annual General Meeting, Mar 29, 2024, at 10:00 China Standard Time. Location: the Company’s headquarters at Room 601, No. 1 Shui’an South Street, Chaoyang District, Beijing 100012, People’s Republic of China Beijing China Agenda: To discuss appoint as Class II members of the board of directors of the Company (the “Board”), to serve a term expiring at the first Annual General Meeting of the Company held following the end of the fiscal year ending June 30, 2026, or until their successors are duly elected and qualified; to appointment of Enrome LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2024 be ratified, confirmed and approved in all respects; and to discuss other matters. New Risk • Feb 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 340% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (340% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥30m net loss in 2 years). Market cap is less than US$100m (€20.1m market cap, or US$21.6m). New Risk • Jan 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.00m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€9.00m market cap, or US$9.76m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥30m net loss in 2 years). Shareholders have been diluted in the past year (44% increase in shares outstanding). New Risk • Nov 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.21m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€9.21m market cap, or US$9.78m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥30m net loss in 2 years). Shareholders have been diluted in the past year (36% increase in shares outstanding). Reported Earnings • Oct 29
Full year 2023 earnings released Full year 2023 results: Revenue: CN¥67.1m (down 20% from FY 2022). Net loss: CN¥59.2m (down 162% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. 공시 • Oct 28
Recon Receives NASDAQ Minimum Bid Price Requirement Extension Recon Technology, Ltd. announced that on October 25, 2023, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 22, 2024. To regain compliance with NASDAQ's minimum bid price requirement, the closing bid price of the Company's ordinary shares needs to be at least $1.00 per share or greater for at least ten consecutive trading days by April 22, 2024. New Risk • Oct 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable next year (CN¥43m net loss next year). Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (€12.9m market cap, or US$13.7m). Board Change • Apr 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. CFO, Company Secretary & Director Jia Liu was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 27
First half 2023 earnings released: CN¥0.88 loss per share (vs CN¥4.08 profit in 1H 2022) First half 2023 results: CN¥0.88 loss per share (down from CN¥4.08 profit in 1H 2022). Revenue: CN¥45.6m (down 16% from 1H 2022). Net loss: CN¥29.9m (down 127% from profit in 1H 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.67, the stock trades at a trailing P/E ratio of 5x. Average forward P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 24% share price gain to €1.38, the stock trades at a trailing P/E ratio of 3.6x. Average forward P/E is 11x in the Energy Services industry in Europe. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to €1.20, the stock trades at a trailing P/E ratio of 3.3x. Average forward P/E is 12x in the Energy Services industry in Europe. Total loss to shareholders of 38% over the past three years. 공시 • Nov 11
Recon Regains Compliance with Nasdaq Minimum Bid Price Requirement Recon Technology, Ltd. announced that on November 8, 2022, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has cured the bid price deficiency, and that the Company is in compliance with all applicable listing standards. The Company's stock will continue to be listed and traded on The Nasdaq Stock Market. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.24 loss per share (vs CN¥0.39 loss in 3Q 2021) Third quarter 2022 results: CN¥0.24 loss per share. Revenue: CN¥14.7m (up 29% from 3Q 2021). Net loss: CN¥7.89m (loss widened 14% from 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Energy Services industry in Europe. 공시 • Jun 04
Recon Receives Nasdaq Notification Regarding Minimum Bid Requirements Recon Technology, Ltd. ("Recon" or the "Company") announced that on June 1, 2022, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker "RCON". Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until November 28, 2022 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with the minimum bid price requirement by November 28, 2022, the Company may be eligible for an additional 180 calendar day grace period. 공시 • Apr 12
Recon Technology, Ltd. Announces Management Changes On April 5, 2022, the Company’s Board member and Chairman of the Board of Directors Mr. Yongquan Bi submitted his resignation to the Board of Directors (the “Board”) due to personal reasons. There was no disagreement between the Company and Mr. Bi. The Board accepted the resignation and appointed Mr. Guangqiang Chen to fill the vacancy on April 5, 2022. Mr. Chen, the Chief Technology Officer since 2003, was a geological engineer for the Fourth Oil Extraction Plant of Huabei Oil Field from 1985 through 1993. 공시 • Mar 31
Recon Technology, Ltd., Annual General Meeting, May 19, 2022 Recon Technology, Ltd., Annual General Meeting, May 19, 2022, at 21:00 US Eastern Standard Time. Location: Room 601, No. 1 Shui'an South Street, Chaoyang District, Beijing 100012, People's Republic of China Beijing China Agenda: To discuss By ordinary resolution, to elect as a Class III member of the board of directors (the "Board"), Mr. Shenping Yin, to serve a term expiring at the Annual Meeting following the fiscal year ending June 30, 2024 or until his successor is duly elected and qualified;By ordinary resolution, to elect as a Class III member of the Board, Mr. Guangqiang Chen, to serve a term expiring at the Annual Meeting following the fiscal year ending June 30, 2024 or until his successor is duly elected and qualified; and other subject matters. Board Change • Dec 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Yonggang Duan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Jun 05
Recon Technology, Ltd. (NasdaqCM:RCON) entered into a share exchange agreement to acquire 30% stake in Starry Blockchain Energy Pte. Ltd. from Kuang Zhongrui and He Panpan for $3 million. Recon Technology, Ltd. (NasdaqCM:RCON) entered into a share exchange agreement to acquire 30% stake in Starry Blockchain Energy Pte. Ltd from Kuang Zhongrui and He Panpan for $3 million on June 3, 2021. Pursuant to the Agreement, Recon will issue 316,345 unregistered, restricted Class A shares, based on $9.48 per share, to Starry's founding shareholders in exchange for 30% of the shares of Starry. 공시 • Mar 10
Recon Technology, Ltd., Annual General Meeting, Apr 05, 2021 Recon Technology, Ltd., Annual General Meeting, Apr 05, 2021, at 09:00 China Standard Time. Location: Room 1902, King Long International Mansion 9 Fulin Road Beijing China Agenda: To elect two Class II members of the board of directors, Mr. Jijun Hu and Mr. Nelson N.S. Wong, to serve a term expiring at the Annual Meeting following the fiscal year ending June 30, 2023 or until their successors are duly elected and qualified; to ratify the appointment of Friedman LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2021; to approve a special resolution that the authorized share capital of the Company ; to approve a special resolution that the Third Amended and Restated Memorandum and Articles of Association of the Company; to approve an ordinary resolution that the 2021 Equity Incentive Plan; and to transact any other business as may properly come before the meeting. 공시 • Jan 21
Recon Technology, Ltd. Announces Development of AI-Based Control System of Electric Submersible Pump Recon Technology, Ltd. announced that the Company successfully completed the design and implementation of an intelligent control platform system (the "System") for North China E&P Company (the "North China Branch") of China Petroleum & Chemical Corporation ("Sinopec"), according to a technology service agreement (the "Agreement") signed between one of Recon's subsidiaries and the North China Branch of Sinopec in October 2020. The System will help Sinopec analyze bthe data collected by the sensors installed on electrical submersible pumps (the "ESPs") of gas wells using AI algorithm automatically and monitor and control the operation of the ESPs according to the analysis. This is the first time that intelligent technology is used in Sinopec's production wells using ESPs. Many gas and oil producing wells require an artificial lift to increase the flow of fluids when the reservoir pressure is not high enough. Typically, ESPs are used but are not always operating efficiently and can cause costly downtime for operators. The several months' testing and examination has proved that the System is efficient and effective in prolonging service life of ESPs and improving economic performance of gas wells. Pursuant to the Agreement, the Company was required to develop the System by December 31, 2021, in exchange of consideration of RMB 1.8 million (approximately USD 276,000). The System has been completed and passed the preliminary inspection of Sinopec. Sinopec has paid the Company more than half of the consideration. 공시 • Jul 10
Recon Technology, Ltd. has completed a Follow-on Equity Offering in the amount of $2.1 million. Recon Technology, Ltd. has completed a Follow-on Equity Offering in the amount of $2.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,680,000
Price\Range: $1.25
Discount Per Security: $0.0875
Transaction Features: Registered Direct Offering 