Monitor the commercial ramp of the new waste plastic chemical recycling plant in Weifang, which could provide a new revenue stream in fiscal 2027. The company's cash position declined sharply from $14.6M to $4.4M, raising liquidity concerns.
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Executive Summary
Recon Technology reported fiscal year 2026 revenue of $16.2M, up 65.8% YoY, and narrowed its net loss to $4.7M from $6.4M. The improvement was driven by higher-margin overseas oilfield projects, but the company remains unprofitable with a net loss per share of -$39.28. The filing is a routine annual earnings release with no guidance provided.
Key Financial Metrics
Key Facts
- Revenue increased 65.8% YoY to RMB109.9M ($16.2M) for FY2026
- Gross margin expanded to 33.2% from 23.0%
- Net loss narrowed to RMB31.6M ($4.7M) from RMB43.7M ($6.4M)
- Net loss per share (basic/diluted) was RMB266.52 ($39.28)
- Cash and short-term investments totaled RMB38.7M ($5.7M) as of June 30, 2026
- No guidance provided for fiscal 2027
Financial Impact
Revenue up 65.8% to $16.2M; net loss improved 27.6% to -$4.7M
Risk Factors
- Cash burn: cash declined from $14.6M to $4.4M over the fiscal year
- Continued net losses with no profitability timeline
- Dependence on overseas oilfield projects for growth; domestic business declined
- No forward guidance provided
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302894412 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 25d ago | 20-F | $1.30 | awaiting T+60 | — | $0.9320 (−28.31%) |
Sep 30, 2026 26d ago | Press Release | $1.29 | awaiting T+60 | — | $0.9320 (−27.75%) |
Sep 18, 2026 5w ago | 6-K | $1.30 | awaiting T+60 | — | $0.9320 (−28.31%) |
Aug 13, 2026 10w ago | 6-K | $0.0256 | awaiting T+60 | — | $0.9320 (+3540.62%) |
Jul 29, 2026 12w ago | 424B5 | $0.3553 $0.004900 | ▲ +98.62% | ▲ +103.35% | $0.9320 (−162.31%) |
Apr 16, 2026 27w ago | 6-K | $0.9100 $0.4400 | ▲ +51.65% | ▲ +57.79% | $0.9320 (−2.42%) |
US Market Status
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