NASDAQ : RCON
Recon Technology, Ltd. — Financial statements
Energy · Oil & Gas Equipment & Services · China
Last price 1.04 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 21.80M
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Financial statements
Recon Technology, Ltd. (RCON) reported revenue of 109.90M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 109.90M | 109.90M | 66.29M | 68.85M | 67.11M | 83.78M |
| Cost of Revenue | 73.41M | 73.41M | 51.04M | 47.98M | 48.25M | 64.35M |
| Gross Profit | 36.49M | 36.49M | 15.24M | 20.88M | 18.87M | 19.42M |
| Selling, General & Admin | 60.76M | 60.76M | 58.99M | 74.14M | 87.42M | 93.43M |
| Research & Development | 12.86M | 12.86M | 16.43M | 14.29M | 8.81M | 8.96M |
| Operating Expenses | 77.72M | 77.72M | 72.56M | 92.52M | 87.19M | 101.74M |
| Operating Income | -41.23M | -41.23M | -57.32M | -71.64M | -68.32M | -82.31M |
| Interest Expense | -1.04M | -1.04M | -1.11M | -1.07M | -2.51M | -1.52M |
| Interest & Investment Income | 11.94M | 11.94M | 13.39M | 22.90M | 13.60M | 5.37M |
| Earnings From Equity Investments | 15.41K | |||||
| Currency Exchange Gain (Loss) | -79.22K | -79.22K | 952.82K | -881.70K | 241.65K | -118.46K |
| Other Non Operating Income (Expenses) | -140.69K | -140.69K | 388.14K | -743.52K | 6.52M | 174.51M |
| EBT Excluding Unusual Items | -30.54M | -30.54M | -43.70M | -51.44M | -50.47M | 95.94M |
| Impairment of Goodwill | -4.73M | -2.27M | ||||
| Gain (Loss) on Sale of Investments | -1.10M | -1.10M | ||||
| Asset Writedown | -6.26M | |||||
| Pretax Income | -31.65M | -31.65M | -43.70M | -51.44M | -61.46M | 93.68M |
| Income Tax Expense | -1.61K | -1.61K | 1.58K | 30.00 | 18.34K | -613.87K |
| Earnings From Continuing Operations | -31.64M | -31.64M | -43.70M | -51.44M | -61.48M | 94.29M |
| Minority Interest in Earnings | 1.98M | 1.98M | 1.11M | 1.56M | 2.31M | 1.30M |
| Net Income | -29.66M | -29.66M | -42.59M | -49.87M | -59.17M | 95.59M |
| Net Income to Common | -29.66M | -29.66M | -42.59M | -49.87M | -59.17M | 95.59M |
| Shares Outstanding (Basic) | 111.29K | 111.29K | 45.49K | 25.26K | 10.79K | |
| Shares Outstanding (Diluted) | 111.29K | 111.29K | 45.49K | 25.26K | 10.79K | |
| EPS (Basic) | -266.52 | -266.52 | -936.18 | -1,974.16 | -5,485.56 | |
| EPS (Diluted) | -266.52 | -266.52 | -936.18 | -1,974.16 | -5,486.00 | |
| Free Cash Flow | -111.76M | -111.76M | -43.71M | -44.25M | -52.63M | -26.94M |
| Free Cash Flow Per Share | -1,004.28 | -1,004.28 | -960.74 | -1,751.61 | -4,879.38 | |
| Gross Margin | 33.20% | 33.20% | 22.99% | 30.32% | 28.11% | 23.19% |
| Operating Margin | -37.51% | -37.51% | -86.48% | -104.04% | -101.80% | -98.25% |
| Profit Margin | -26.99% | -26.99% | -64.25% | -72.43% | -88.16% | 114.10% |
| Free Cash Flow Margin | -101.70% | -101.70% | -65.94% | -64.27% | -78.42% | -32.16% |
| EBITDA | -38.36M | -38.36M | -54.17M | -68.79M | -64.64M | -78.97M |
| EBITDA Margin | -34.90% | -34.90% | -81.73% | -99.91% | -96.31% | -94.27% |
| D&A For EBITDA | 2.87M | 2.87M | 3.15M | 2.84M | 3.68M | 3.34M |
| EBIT | -41.23M | -41.23M | -57.32M | -71.64M | -68.32M | -82.31M |
| EBIT Margin | -37.51% | -37.51% | -86.48% | -104.04% | -101.80% | -98.25% |
| Revenue as Reported | 67.11M | 83.78M |
Balance sheet
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 29.75M | 29.75M | 98.87M | 109.99M | 104.13M | 316.97M |
| Short-Term Investments | 9.01M | 9.01M | 3.60M | 88.09M | 184.18M | |
| Cash & Short-Term Investments | 38.75M | 38.75M | 102.47M | 198.08M | 288.31M | 316.97M |
| Accounts Receivable | 46.34M | 46.34M | 35.85M | 39.97M | 80.77M | 67.27M |
| Other Receivables | 7.02M | 7.02M | 1.60M | 1.20M | 2.19M | 5.50M |
| Receivables | 99.72M | 99.72M | 179.01M | 250.10M | 206.01M | 123.15M |
| Inventory | 59.09M | 59.09M | 15.96M | 6.29M | 9.01M | 4.07M |
| Prepaid Expenses | 801.62K | 801.62K | 389.22K | 401.59K | 350.12K | 695.28K |
| Restricted Cash | 104.00 | 104.00 | 8.20K | 848.94K | 731.54K | 723.56K |
| Other Current Assets | 30.61M | 30.61M | 58.31M | 50.77M | ||
| Total Current Assets | 228.97M | 228.97M | 356.16M | 506.49M | 504.41M | 445.62M |
| Property, Plant & Equipment | 124.97M | 124.97M | 50.96M | 45.90M | 27.41M | 32.38M |
| Long-Term Investments | 1.82M | 1.82M | ||||
| Goodwill | 4.73M | |||||
| Other Intangible Assets | 5.95M | |||||
| Other Long-Term Assets | 3.64K | 1.56M | ||||
| Total Assets | 639.45M | 639.45M | 525.62M | 552.39M | 531.82M | 490.24M |
| Accounts Payable | 36.90M | 36.90M | 19.40M | 10.19M | 10.79M | 16.74M |
| Accrued Expenses | 7.97M | 7.97M | 8.69M | 7.08M | 7.35M | 7.68M |
| Short-Term Debt | 31.34M | 31.34M | 21.60M | 22.43M | 32.47M | 19.01M |
| Current Portion of Long-Term Debt | 999.53K | |||||
| Current Portion of Leases | 2.92M | 2.92M | 1.76M | 3.74M | 3.07M | 3.89M |
| Current Income Taxes Payable | 440.03K | 440.03K | 440.03K | 440.06K | 440.03K | 440.03K |
| Current Unearned Revenue | 2.07M | 2.07M | 4.72M | 1.82M | 2.75M | 2.00M |
| Other Current Liabilities | 2.08M | 2.08M | 3.96M | 1.78M | 4.17M | 2.11M |
| Total Current Liabilities | 83.73M | 83.73M | 60.57M | 47.48M | 61.03M | 52.88M |
| Long-Term Debt | 10.00M | 10.00M | 5.51M | |||
| Long-Term Leases | 3.29M | 3.29M | 1.08M | 3.97M | 25.14K | 2.18M |
| Long-Term Unearned Revenue | 106.00K | |||||
| Other Long-Term Liabilities | 688.00 | 6.97K | 31.62M | 16.68M | ||
| Total Liabilities | 87.02M | 87.02M | 71.65M | 61.46M | 92.67M | 77.36M |
| Common Stock | 156.68K | 156.68K | 115.59K | 104.33K | 31.62K | 20.41M |
| Additional Paid-In Capital | 827.45M | 827.45M | 692.57M | 681.48M | 580.34M | 496.04M |
| Retained Earnings | -288.41M | -288.41M | -258.75M | -216.16M | -166.29M | -107.12M |
| Comprehensive Income & Other | 27.13M | 27.13M | 33.49M | 37.14M | 35.13M | 11.31M |
| Total Common Equity | 566.33M | 566.33M | 467.43M | 502.55M | 449.21M | 420.63M |
| Minority Interest | -13.90M | -13.90M | -13.46M | -11.62M | -10.06M | -7.75M |
| Shareholders' Equity | 552.43M | 552.43M | 453.97M | 490.93M | 439.15M | 412.88M |
| Total Liabilities & Equity | 639.45M | 639.45M | 525.62M | 552.39M | 531.82M | 490.24M |
| Total Debt | 37.56M | 37.56M | 34.44M | 40.14M | 35.56M | 31.60M |
| Net Cash (Debt) | 1.19M | 1.19M | 68.03M | 157.94M | 252.75M | 285.38M |
| Net Cash Per Share | 10.73 | 10.73 | 1,495.45 | 6,252.16 | 23,433.09 | |
| Filing Date Shares Outstanding | 20.35M | 20.35M | 20.05M | 20.04M | 7.11M | 4.11M |
| Total Common Shares Outstanding | 20.35M | 20.35M | 20.05M | 7.14M | 7.11M | 4.11M |
| Working Capital | 145.25M | 145.25M | 295.59M | 459.01M | 443.38M | 392.74M |
| Book Value Per Share | 27.83 | 27.83 | 23.31 | 70.39 | 63.17 | 102.39 |
| Tangible Book Value | 566.33M | 566.33M | 467.43M | 502.55M | 449.21M | 409.95M |
| Tangible Book Value Per Share | 27.83 | 27.83 | 23.31 | 70.39 | 63.17 | 99.79 |
| Machinery | 35.71M | 35.71M | 35.80M | 35.39M | 36.79M | 37.09M |
| Construction In Progress | 86.37M | 86.37M | 12.00M | 219.13K | 239.74K | |
| Leasehold Improvements | 2.26M | 2.26M | 2.26M | 2.26M | 2.26M |
Cash flow statement
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -29.66M | -29.66M | -42.59M | -49.87M | -59.17M | 95.59M |
| Depreciation & Amortization | 5.79M | 5.79M | 7.72M | 4.48M | 6.94M | 6.48M |
| Other Amortization | 1.48M | |||||
| Loss (Gain) From Sale of Assets | 314.00 | 314.00 | 12.41K | 35.33K | -12.78K | 48.63K |
| Asset Writedown & Restructuring Costs | 10.99M | 2.27M | ||||
| Loss (Gain) From Sale of Investments | 1.10M | 1.10M | ||||
| Loss (Gain) on Equity Investments | -15.41K | |||||
| Stock-Based Compensation | 12.69M | 12.69M | 10.28M | 23.50M | 32.00M | 48.20M |
| Provision & Write-off of Bad Debts | 4.09M | 4.09M | -2.86M | 4.09M | -9.04M | -658.82K |
| Other Operating Activities | -8.64M | -8.64M | -7.68M | -7.63M | -18.84M | -176.41M |
| Change in Accounts Receivable | 17.60M | 17.60M | 1.32M | -16.55M | -495.78K | 19.23M |
| Change in Inventory | -43.54M | -43.54M | -4.79M | 3.17M | -4.95M | 176.14K |
| Change in Accounts Payable | -4.21M | -4.21M | 1.94M | -604.20K | -1.71M | -5.52M |
| Change in Unearned Revenue | -2.65M | -2.65M | 2.90M | -927.88K | 641.09K | -5.58M |
| Change in Income Taxes | 634.38K | 634.38K | -197.97K | -171.88K | -1.04M | 961.96K |
| Change in Other Net Operating Assets | -12.00M | -12.00M | 164.22K | -3.26M | -8.48M | -11.01M |
| Operating Cash Flow | -58.80M | -58.80M | -33.77M | -43.75M | -51.69M | -26.25M |
| Capital Expenditures | -52.96M | -52.96M | -9.93M | -501.32K | -940.67K | -692.21K |
| Sale of Property, Plant & Equipment | 3.58K | 3.58K | 2.00K | 20.00K | 31.95K | |
| Sale (Purchase) of Intangibles | -15.00M | |||||
| Investment in Securities | -6.20M | -6.20M | 83.66M | 97.38M | -181.28M | |
| Investing Cash Flow | -128.94M | -128.94M | 33.71M | 2.98M | -245.22M | -328.68K |
| Short-Term Debt Issued | 15.30M | 15.30M | 10.48M | 21.58M | 28.50M | 21.10M |
| Total Debt Issued | 15.30M | 15.30M | 10.48M | 21.58M | 28.50M | 21.10M |
| Short-Term Debt Repaid | -15.58M | -15.58M | -11.32M | -21.65M | -20.04M | -30.30M |
| Long-Term Debt Repaid | -1.50M | -892.70K | ||||
| Total Debt Repaid | -15.58M | -15.58M | -11.32M | -21.65M | -21.54M | -31.19M |
| Net Debt Issued (Repaid) | -277.20K | -277.20K | -843.62K | -69.98K | 6.96M | -10.09M |
| Issuance of Common Stock | 121.89M | 121.89M | 77.71M | 45.67M | ||
| Other Financing Activities | -1.95M | -1.95M | -2.43M | -32.62M | 3.75M | 93.32K |
| Financing Cash Flow | 119.67M | 119.67M | -3.27M | 45.02M | 56.38M | -10.00M |
| Foreign Exchange Rate Adjustments | -1.06M | -1.06M | -8.63M | 1.72M | 27.69M | 10.28M |
| Net Cash Flow | -69.14M | -69.14M | -11.96M | 5.98M | -212.84M | -26.30M |
| Free Cash Flow | -111.76M | -111.76M | -43.71M | -44.25M | -52.63M | -26.94M |
| Free Cash Flow Margin | -101.70% | -101.70% | -65.94% | -64.27% | -78.42% | -32.16% |
| Free Cash Flow Per Share | -1,004.28 | -1,004.28 | -960.74 | -1,751.61 | -4,879.38 | |
| Levered Free Cash Flow | 14.81M | 14.81M | 42.16M | -129.45M | -95.74M | 1.32M |
| Unlevered Free Cash Flow | 15.46M | 15.46M | 42.86M | -128.79M | -94.17M | 2.27M |
| Cash Interest Paid | 1.04M | 1.04M | 1.07M | 659.47K | 1.20M | 1.43M |
| Cash Income Tax Paid | 1.61K | 18.34K | 10.21K | |||
| Change in Working Capital | -44.17M | -44.17M | 1.34M | -18.35M | -16.03M | -1.74M |
Ratios
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 20.59M | 1.63B | 10.10B | 2.06B | 6.95B | 9.76B |
| Enterprise Value | 20.42M | 1.62B | 10.08B | 2.02B | 6.92B | 9.71B |
| Last Close Price | 0.98 | 80.00 | 504.00 | 288.00 | 1,239.12 | 2,376.00 |
| PE Ratio | 684.12 | |||||
| Forward PE | 12.12 | 12.12 | 12.12 | 12.12 | 2.75 | |
| PS Ratio | 1.27 | 100.64 | 1,091.58 | 217.01 | 751.34 | 780.56 |
| PB Ratio | 0.24 | 20.02 | 159.38 | 30.43 | 114.83 | 158.38 |
| P/TBV Ratio | 0.25 | 19.53 | 154.79 | 29.73 | 112.25 | 159.51 |
| EV/Sales Ratio | 1.26 | 100.19 | 1,089.82 | 213.54 | 747.49 | 776.68 |
| Debt / Equity Ratio | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 |
| Net Debt / Equity Ratio | -0.00 | -0.00 | -0.15 | -0.32 | -0.58 | -0.69 |
| Net Debt / EBITDA Ratio | 0.03 | 0.03 | 1.26 | 2.30 | 3.91 | 3.61 |
| Net Debt / FCF Ratio | 0.01 | 0.01 | 1.56 | 3.57 | 4.80 | 10.59 |
| Asset Turnover | 0.19 | 0.19 | 0.12 | 0.13 | 0.13 | 0.16 |
| Inventory Turnover | 1.96 | 1.96 | 4.59 | 6.27 | 7.38 | 14.63 |
| Quick Ratio | 1.10 | 1.10 | 2.31 | 5.04 | 6.08 | 7.37 |
| Current Ratio | 2.73 | 2.73 | 5.88 | 10.67 | 8.27 | 8.43 |
| Return on Equity (ROE) | -6.29% | -6.29% | -9.25% | -11.06% | -14.43% | 26.92% |
| Return on Assets (ROA) | -4.42% | -4.42% | -6.65% | -8.26% | -8.36% | -9.74% |
| Return on Capital Employed (ROCE) | -7.40% | -7.40% | -12.30% | -14.20% | -14.50% | -18.80% |
| Earnings Yield | -3,993.87% | -0.27% | -0.06% | -0.33% | -0.12% | 0.15% |
| FCF Yield | -81.60% | -1.01% | -0.06% | -0.30% | -0.10% | -0.04% |
| Buyback Yield / Dilution | -144.63% | -144.63% | -80.08% | -134.21% |