Reported Earnings • Mar 19
First half 2026 earnings: EPS and revenues exceed analyst expectations First 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 03
New minor risk - Share price stability The 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). Announcement • 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 Reported Earnings • Oct 15
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full 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. Announcement • 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. New Risk • Jun 17
New major risk - Share price stability The 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 16
New minor risk - Share price stability The 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). Announcement • 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 Board Change • Feb 02
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. 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 07
New major risk - Revenue and earnings growth Earnings 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 17
Less than half of directors are independent Following 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. Announcement • 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. Announcement • 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 Announcement • 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 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). Announcement • 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. New Risk • Apr 08
New minor risk - Share price stability The 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). Announcement • 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 06
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 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 30
New major risk - Market cap size The 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 02
New major risk - Market cap size The 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 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 39% per year, which means it is significantly lagging earnings. Announcement • 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 15
New minor risk - Share price stability The 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 10
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 (US$13.7m market cap). Board Change • Apr 02
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: EPS and revenues miss analyst expectations 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 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 27
Investor 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 19
Investor sentiment deteriorated over the past week After 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 28
Investor sentiment improved over the past week After 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 12
Investor sentiment improved over the past week After 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 28
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 11% growth forecast for the Energy Services industry in the US. Reported Earnings • Apr 02
First half 2022 earnings released First 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 01
Forecast to breakeven in 2022 The 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. 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.