Recon Technology, Ltd Reports Financial Year Results for Fiscal Year 2026
PR Newswire•30/09/2026•08:50 ET
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Key Highlights
- ➤Revenue RMB109.9 million, up 65.8% year over year (RCON)
- ➤Gross profit RMB36.5 million, up 139.4% year over year (RCON)
- ➤Gross margin rose to 33.2% from 23.0% (RCON)
- ➤Net loss narrowed to RMB31.6 million from RMB43.7 million (RCON)
- ➤Chemical recycling plant began operations, designed for 40,000 tons annually (RCON)
Expert Statements
Shenping Yin, Founder and Chief Executive Officer of Recon Technology, Ltd
“Fiscal 2026 marked a significant turning point for Recon. Revenue increased by 65.8% to RMB109.9 million, and gross margin was lifted to 33.2%. These factors, when combined, narrowed our net loss compared to the previous year. The primary growth driver was our strategic expansion into overseas oilfield projects.”
Shenping Yin, Founder and Chief Executive Officer of Recon Technology, Ltd
“We are pleased to announce that we have reached a significant milestone that we have been working towards for several years. On 28 September 2026, we held a ceremony to mark the commencement of operations at our waste plastic chemical recycling plant in Weifang, Shandong Province.”
Shenping Yin, Founder and Chief Executive Officer of Recon Technology, Ltd
“This strategic partnership provides Recon with a solid foundation in the circular economy, offering a new growth opportunity in addition to our core oilfield services.”
Shenping Yin, Founder and Chief Executive Officer of Recon Technology, Ltd
“As we look ahead to fiscal 2027, our strategic priorities are clear as we will bring the chemical recycling plant to commercial production, extend our overseas and offshore oilfield footprint, and rebuild our domestic service capabilities.”
Recon Technology, Ltd Reports Financial Year Results for Fiscal Year 2026 PR Newswire
BEIJING, Sept. 30, 2026 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for fiscal year 2026.
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