View Future GrowthRecon Technology 과거 순이익 실적과거 기준 점검 0/6Recon Technology 의 수입은 연평균 -35.3%의 비율로 감소해 온 반면, Energy Services 산업은 연평균 44.6%의 비율로 증가했습니다. 매출은 연평균 5.2%의 비율로 증가해 왔습니다.핵심 정보-35.34%순이익 성장률-6.29%주당순이익(EPS) 성장률Energy Services 산업 성장률23.71%매출 성장률5.20%자기자본이익률-6.69%순이익률-25.46%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Mar 19First half 2026 earnings: EPS and revenues exceed analyst expectationsFirst half 2026 results: CN¥0.61 loss per share (improved from CN¥2.29 loss in 1H 2025). Revenue: CN¥85.0m (up 102% from 1H 2025). Net loss: CN¥5.82m (loss narrowed 72% from 1H 2025). Revenue exceeded analyst estimates by 163%. Earnings per share (EPS) also surpassed analyst estimates by 83%. Revenue is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Energy Services industry in the US are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 15Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: CN¥4.68 loss per share (improved from CN¥9.88 loss in FY 2024). Revenue: CN¥66.3m (down 3.7% from FY 2024). Net loss: CN¥42.6m (loss narrowed 15% from FY 2024). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.Reported Earnings • Oct 29Full year 2023 earnings releasedFull 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 39% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 27First half 2023 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Energy Services industry in the US. 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 37% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 28Third 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 11% growth forecast for the Energy Services industry in the US.분석 기사 • Apr 07We Think Shareholders Should Be Aware Of Some Factors Beyond Recon Technology's (NASDAQ:RCON) ProfitAfter announcing healthy earnings, Recon Technology, Ltd.'s ( NASDAQ:RCON ) stock rose over the last week. While the...모든 업데이트 보기Recent updatesReported Earnings • Mar 19First half 2026 earnings: EPS and revenues exceed analyst expectationsFirst half 2026 results: CN¥0.61 loss per share (improved from CN¥2.29 loss in 1H 2025). Revenue: CN¥85.0m (up 102% from 1H 2025). Net loss: CN¥5.82m (loss narrowed 72% from 1H 2025). Revenue exceeded analyst estimates by 163%. Earnings per share (EPS) also surpassed analyst estimates by 83%. Revenue is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Energy Services industry in the US are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥77m net loss next year). Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (US$36.4m market cap).분석 기사 • Feb 07Here's Why It's Unlikely That Recon Technology, Ltd.'s (NASDAQ:RCON) CEO Will See A Pay Rise This YearKey Insights Recon Technology to hold its Annual General Meeting on 13th of February Salary of CN¥3.38m is part of CEO...공시 • Jan 02Recon Technology, Ltd., Annual General Meeting, Feb 13, 2026Recon 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 ChinaReported Earnings • Oct 15Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: CN¥4.68 loss per share (improved from CN¥9.88 loss in FY 2024). Revenue: CN¥66.3m (down 3.7% from FY 2024). Net loss: CN¥42.6m (loss narrowed 15% from FY 2024). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.공시 • Aug 26Recon Technology Ltd. Announces Chemical Recycling Plant Construction Finished as Project Nears Production LaunchRecon 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.New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥73m net loss next year). Market cap is less than US$100m (US$58.5m market cap).New Risk • May 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥73m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$49.8m market cap).분석 기사 • May 09Here's Why Shareholders Should Examine Recon Technology, Ltd.'s (NASDAQ:RCON) CEO Compensation Package More CloselyKey Insights Recon Technology to hold its Annual General Meeting on 15th of May CEO Shenping Yin's total compensation...공시 • Mar 28Recon Technology, Ltd., Annual General Meeting, May 15, 2025Recon 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 ChinaBoard Change • Feb 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Zhongchen Hu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Nov 07New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (197% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$74.0m market cap).Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yonggang Duan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Oct 10Recon Technology, Ltd. Announces Board ChangesOn 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 12Recon 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 Stock공시 • May 24Recon Technology Regains Nasdaq Compliance and Hearing MootRecon 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 17New minor risk - Financial data availabilityThe 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 Risk 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). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$26.4m market cap).공시 • Apr 30Recon Technology Receives Nasdaq Delisting Determination and Submits Appeal to a Hearings PanelRecon 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.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (212% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥40m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$20.1m market cap).공시 • Feb 14Recon Technology, Ltd., Annual General Meeting, Mar 29, 2024Recon 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 06New major risk - Shareholder dilutionThe 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 Risk 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 (US$25.3m market cap).New Risk • Jan 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: 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 Risk Market cap is less than US$10m (US$9.76m market cap). 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 02New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: 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 Risk Market cap is less than US$10m (US$9.78m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥30m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding).Reported Earnings • Oct 29Full year 2023 earnings releasedFull 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 39% per year, which means it is significantly lagging earnings.공시 • Oct 28Recon Receives NASDAQ Minimum Bid Price Requirement ExtensionRecon 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 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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). Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (US$17.5m market cap).New Risk • Oct 10New minor risk - Financial data availabilityThe 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 (US$13.7m market cap).Board Change • Apr 02Insufficient new directorsThere 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 27First half 2023 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Energy Services industry in the US. 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 37% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$1.86, the stock trades at a trailing P/E ratio of 4.6x. Average forward P/E is 12x in the Energy Services industry in the US. Total loss to shareholders of 23% over the past three years.Valuation Update With 7 Day Price Move • Jan 19Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to US$1.25, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 13x in the Energy Services industry in the US. Total loss to shareholders of 48% over the past three years.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 15% share price gain to US$1.32, the stock trades at a trailing P/E ratio of 3.3x. Average forward P/E is 13x in the Energy Services industry in the US. Total loss to shareholders of 43% over the past three years.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to US$1.06, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 12x in the Energy Services industry in the US. Total loss to shareholders of 71% over the past three years.Reported Earnings • Oct 28Third 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 11% growth forecast for the Energy Services industry in the US.분석 기사 • Apr 07We Think Shareholders Should Be Aware Of Some Factors Beyond Recon Technology's (NASDAQ:RCON) ProfitAfter announcing healthy earnings, Recon Technology, Ltd.'s ( NASDAQ:RCON ) stock rose over the last week. While the...Reported Earnings • Apr 02First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up CN¥8.94m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 32%, compared to a 19% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.Breakeven Date Change • Apr 01Forecast to breakeven in 2022The analyst covering Recon Technology expects the company to break even for the first time. New forecast suggests the company will make a profit of CN¥101.4m in 2022.Seeking Alpha • Jan 29Revisiting Recon Technology: The EV Is Negative And Being Short No Longer Looks AppealingThe company finished FY21 with revenues of $7.41 million and a loss of $3.54 million. I continue to think the business isn't worth much in its current state but I’m no longer comfortable being bearish. The reason for this is that the enterprise value is minus $10.7 million as of the time of writing. In my view, bears could be better off closing their positions.Board Change • Dec 27Insufficient new directorsThere 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.매출 및 비용 세부 내역Recon Technology가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqCM:RCON 매출, 비용 및 순이익 (CNY Millions)날짜매출순이익일반관리비연구개발비31 Dec 25109-28591430 Sep 2588-35581530 Jun 2566-43561631 Mar 2566-45681731 Dec 2466-48801830 Sep 2467-49791630 Jun 2469-50781431 Mar 2468-51811231 Dec 2367-52831030 Sep 2367-56811030 Jun 2367-5978931 Mar 2371-5274931 Dec 2275-4669930 Sep 22792581930 Jun 22849693931 Mar 22809795831 Dec 21779796830 Sep 21633779730 Jun 2148-2362631 Mar 2154-2245731 Dec 2061-2129830 Sep 2063-2031730 Jun 2066-1933731 Mar 2078-2139631 Dec 1991-2245430 Sep 1996-2448430 Jun 19102-2551331 Mar 1987-3545331 Dec 1874-3743330 Sep 1894-4245330 Jun 1885-4442331 Mar 1886-4249331 Dec 1775-3942430 Sep 1764-3341830 Jun 1760-3139831 Mar 1750-3741831 Dec 1648-3945730 Sep 1647-3739630 Jun 1643-4140731 Mar 1643-5249731 Dec 1558-4445730 Sep 1551-3644530 Jun 1552-31414양질의 수익: RCON 은(는) 현재 수익성이 없습니다.이익 마진 증가: RCON는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: RCON은 수익성이 없으며 지난 5년 동안 손실이 연평균 35.3% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 RCON의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: RCON은 수익성이 없어 지난 해 수익 성장률을 Energy Services 업계(-26.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: RCON는 현재 수익성이 없으므로 자본 수익률이 음수(-6.69%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YEnergy 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 05:39종가2026/05/26 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Recon Technology, Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Han JangMaxim GroupTate SullivanMaxim Group
Reported Earnings • Mar 19First half 2026 earnings: EPS and revenues exceed analyst expectationsFirst half 2026 results: CN¥0.61 loss per share (improved from CN¥2.29 loss in 1H 2025). Revenue: CN¥85.0m (up 102% from 1H 2025). Net loss: CN¥5.82m (loss narrowed 72% from 1H 2025). Revenue exceeded analyst estimates by 163%. Earnings per share (EPS) also surpassed analyst estimates by 83%. Revenue is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Energy Services industry in the US are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 15Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: CN¥4.68 loss per share (improved from CN¥9.88 loss in FY 2024). Revenue: CN¥66.3m (down 3.7% from FY 2024). Net loss: CN¥42.6m (loss narrowed 15% from FY 2024). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Oct 29Full year 2023 earnings releasedFull 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 39% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 27First half 2023 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Energy Services industry in the US. 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 37% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 28Third 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 11% growth forecast for the Energy Services industry in the US.
분석 기사 • Apr 07We Think Shareholders Should Be Aware Of Some Factors Beyond Recon Technology's (NASDAQ:RCON) ProfitAfter announcing healthy earnings, Recon Technology, Ltd.'s ( NASDAQ:RCON ) stock rose over the last week. While the...
Reported Earnings • Mar 19First half 2026 earnings: EPS and revenues exceed analyst expectationsFirst half 2026 results: CN¥0.61 loss per share (improved from CN¥2.29 loss in 1H 2025). Revenue: CN¥85.0m (up 102% from 1H 2025). Net loss: CN¥5.82m (loss narrowed 72% from 1H 2025). Revenue exceeded analyst estimates by 163%. Earnings per share (EPS) also surpassed analyst estimates by 83%. Revenue is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Energy Services industry in the US are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥77m net loss next year). Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (US$36.4m market cap).
분석 기사 • Feb 07Here's Why It's Unlikely That Recon Technology, Ltd.'s (NASDAQ:RCON) CEO Will See A Pay Rise This YearKey Insights Recon Technology to hold its Annual General Meeting on 13th of February Salary of CN¥3.38m is part of CEO...
공시 • Jan 02Recon Technology, Ltd., Annual General Meeting, Feb 13, 2026Recon 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
Reported Earnings • Oct 15Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: CN¥4.68 loss per share (improved from CN¥9.88 loss in FY 2024). Revenue: CN¥66.3m (down 3.7% from FY 2024). Net loss: CN¥42.6m (loss narrowed 15% from FY 2024). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.
공시 • Aug 26Recon Technology Ltd. Announces Chemical Recycling Plant Construction Finished as Project Nears Production LaunchRecon 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.
New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥73m net loss next year). Market cap is less than US$100m (US$58.5m market cap).
New Risk • May 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥73m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$49.8m market cap).
분석 기사 • May 09Here's Why Shareholders Should Examine Recon Technology, Ltd.'s (NASDAQ:RCON) CEO Compensation Package More CloselyKey Insights Recon Technology to hold its Annual General Meeting on 15th of May CEO Shenping Yin's total compensation...
공시 • Mar 28Recon Technology, Ltd., Annual General Meeting, May 15, 2025Recon 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
Board Change • Feb 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Zhongchen Hu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Nov 07New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (197% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$74.0m market cap).
Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yonggang Duan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Oct 10Recon Technology, Ltd. Announces Board ChangesOn 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 12Recon 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 24Recon Technology Regains Nasdaq Compliance and Hearing MootRecon 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 17New minor risk - Financial data availabilityThe 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 Risk 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). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$26.4m market cap).
공시 • Apr 30Recon Technology Receives Nasdaq Delisting Determination and Submits Appeal to a Hearings PanelRecon 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.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (212% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥40m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$20.1m market cap).
공시 • Feb 14Recon Technology, Ltd., Annual General Meeting, Mar 29, 2024Recon 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 06New major risk - Shareholder dilutionThe 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 Risk 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 (US$25.3m market cap).
New Risk • Jan 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: 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 Risk Market cap is less than US$10m (US$9.76m market cap). 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 02New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: 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 Risk Market cap is less than US$10m (US$9.78m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥30m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding).
Reported Earnings • Oct 29Full year 2023 earnings releasedFull 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 39% per year, which means it is significantly lagging earnings.
공시 • Oct 28Recon Receives NASDAQ Minimum Bid Price Requirement ExtensionRecon 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 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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). Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (US$17.5m market cap).
New Risk • Oct 10New minor risk - Financial data availabilityThe 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 (US$13.7m market cap).
Board Change • Apr 02Insufficient new directorsThere 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 27First half 2023 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Energy Services industry in the US. 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 37% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$1.86, the stock trades at a trailing P/E ratio of 4.6x. Average forward P/E is 12x in the Energy Services industry in the US. Total loss to shareholders of 23% over the past three years.
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to US$1.25, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 13x in the Energy Services industry in the US. Total loss to shareholders of 48% over the past three years.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 15% share price gain to US$1.32, the stock trades at a trailing P/E ratio of 3.3x. Average forward P/E is 13x in the Energy Services industry in the US. Total loss to shareholders of 43% over the past three years.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to US$1.06, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 12x in the Energy Services industry in the US. Total loss to shareholders of 71% over the past three years.
Reported Earnings • Oct 28Third 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 11% growth forecast for the Energy Services industry in the US.
분석 기사 • Apr 07We Think Shareholders Should Be Aware Of Some Factors Beyond Recon Technology's (NASDAQ:RCON) ProfitAfter announcing healthy earnings, Recon Technology, Ltd.'s ( NASDAQ:RCON ) stock rose over the last week. While the...
Reported Earnings • Apr 02First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up CN¥8.94m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 32%, compared to a 19% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Apr 01Forecast to breakeven in 2022The analyst covering Recon Technology expects the company to break even for the first time. New forecast suggests the company will make a profit of CN¥101.4m in 2022.
Seeking Alpha • Jan 29Revisiting Recon Technology: The EV Is Negative And Being Short No Longer Looks AppealingThe company finished FY21 with revenues of $7.41 million and a loss of $3.54 million. I continue to think the business isn't worth much in its current state but I’m no longer comfortable being bearish. The reason for this is that the enterprise value is minus $10.7 million as of the time of writing. In my view, bears could be better off closing their positions.
Board Change • Dec 27Insufficient new directorsThere 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.