Recon Technology (RCON)
Supplies automation systems and field services to China's oil and gas industry.
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Sells oilfield automation systems, specialized production equipment, environmental-treatment services, and gas-station digital services. Product, project, and service revenue comes mainly from China's petroleum sector, while the listed Cayman parent controls core PRC operations through VIE contracts.
Supplies Chinese petroleum companies with automation hardware and software for oil and gas production, specialized production and transportation equipment, and related installation and maintenance. Its environmental arm treats oilfield and chemical-industry wastewater and oily sludge, while its gas-station platform has provided online development, maintenance, and transaction-support services. Recent automation work has included an overseas oilfield project alongside its historical Chinese customer base.
Operates as a project-oriented field-service group rather than an oil-and-gas producer, matching controllers, measurement systems, equipment, chemicals, and services to customer operating needs. Revenue depends on product sales, installations, treatment volumes, and service arrangements. Core PRC operations are consolidated through VIE contracts and remain legally owned by founder-controlled entities.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $11.2M · Total debt $5.6M · Total assets $80.8M · Shareholders' equity $69.1M
- Revenue
- $6.3M
- Operating income
- −$926.0K
- Net income
- −$433.3K
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Insiders4 holders · as of Apr 10, 2026 | 1.36% | 4.8K ADS | |
| Otherremainder | 98.64% | 348.3K ADS |
353.1K ADS (1 ADS = 12 ordinary shares) as of Aug 21, 2026 · holders as of their latest filing
The share count is from the company's Jun 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Shenping YinInsiderdirector, 10 percent owner, officer: CEO | 1.30% | 50,000 ordinary · 4,920 ordinary | Form 4filed Apr 1, 2026 ↗ |
Jia Mrs. LiuInsiderdirector, officer: CFO | 0.05% | 1,917 ordinary | Form 4filed Mar 18, 2026 ↗ |
Yonggang DuanInsiderdirector | 0.01% | 325 ordinary | Form 4filed Apr 1, 2026 ↗ |
Nam Sum WongInsiderdirector | 0.01% | 325 ordinary | Form 4filed Apr 10, 2026 ↗ |
CVI Investments, Inc.Strategic | —5.80% of class, as filed | — | 13Gfiled Jul 1, 2020 ↗ |
| See all 13 → | |||
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
Nothing filed in the last 12 months.
- SLB
Production systems and digital automation target the same operator spend.
- Baker Hughes
Oilfield equipment, sensing, and services overlap in production projects.
- Halliburton
Completion, production optimization, and digital field services overlap.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Recon Technology | $1.53 | +0.62% | $543.8K | — | — | 0.0 | +633.7% |
| SLB | $58.55 | +0.71% | $86.27B | 28.4 | 20.4 | 2.4 | +5.0% |
| Baker Hughes | $64.65 | +0.02% | $64.16B | 20.8 | 24.2 | 2.3 | −2.4% |
| Halliburton | $37.76 | +0.35% | $31.44B | 19.7 | 14.8 | 1.4 | +3.7% |
| Median | 20.8 | 20.4 | 2.3 | +3.7% |