Recon Technology, Ltd Reports Financial Year Results for Fiscal Year 2026
Recon Technology reported FY2026 revenue of RMB109.9 million ($16.2 million), up 65.8% year-over-year, driven primarily by a RMB44.2 million increase from overseas oilfield projects. Gross margin expanded to 33.2% from 23.0%, and net loss narrowed 27.6% to RMB31.6 million ($4.7 million), though the company remains unprofitable. On September 28, 2026, Recon commenced operations at its Weifang waste plastic chemical recycling plant, designed to process 40,000 tons of low-value waste plastics per year with expected output of 30,000 tons of pyrolysis oil.
Key figures
- Revenue
- 109898245
- Revenue Yoy
- 65.8%
- Cash rmb
- 29745574
- Gross margin
- 33.2%
- Net loss rmb
- 31644996
- Gross profit rmb
- 36488040
- Loss from operations rmb
- 41227583
- Short term investments rmb
- 9005007
- Expected carbon residue tons
- 6000
- Expected pyrolysis output tons
- 30000
- Recycling plant capacity tons per year
- 40000
AI analysis
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