Company Analysis

Recon Technology, Ltd. (RCON)

Nasdaq: RCON · Oil & Gas Field Services, NEC · Beijing · filing with the SEC since 2008
Grade4.6
◀ Past 3.0● Present 4.0▶ Future 7.1
2 est.

The grade of Recon Technology, Ltd.

Nine metrics read from its own filings, by tense
Headline grade
4.6/10
◀ Past3.030% of the headline
● Present4.040% of the headline
▶ Future7.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.8/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2021-10-29.

weight 33% of this tense · 48th percentile among 21 sector filers · read for itself

From the record

Recon Technology, Ltd.'s filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-10-29) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.9/10

What has it actually done, year after year?

+7% a year over 5 filed years; profitable in 1 of 5.

weight 45% of this tense · 29th percentile among 20 sector filers · read for its customers

From the record

Recon Technology, Ltd.'s 5 filed years say what it did: revenue went from CNY 84 million in fiscal 2022 to CNY 110 million in fiscal 2026, up 7% a year; it rose in 2 of 4 years; the deepest fall was 21% from fiscal 2022 to fiscal 2025; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.0%bottom 33% of its family
  • the share of years revenue rosebottom 10% of its family
  • the share of filed years with a profitbottom 13% of its family
  • the deepest fall from a revenue peak20.9%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.3/10

How has it treated the people who own it?

SI estimate 0.3/10, confidence 35 of 100 (one part).

weight 22% of this tense · 3rd percentile among 20 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 3% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 20 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Recon Technology, Ltd.'s shareholder treatment is put at 0.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 3% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.1/10

Is it financially healthy right now?

ROE -5%: lost 5¢ per shareholder dollar. Leverage 14%: owes 14¢ per asset dollar.

weight 33% of this tense · 31st percentile among 20 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-06-30, Recon Technology, Ltd. lost about 5 cents for every dollar of shareholders' money, and gross profitability: its products earned about 6 cents per dollar of everything the company owns. Leverage: it owed about 14 cents per dollar of assets, and net share issuance: its share count grew 144.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 2% of its family
  • return on equitybottom 8% of its family
  • gross profit against assetsbottom 14% of its family
  • the share count against the year beforebottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.3/10

How strong is its position in its industry?

bottom 43% of 20 in its family; net margin -27%.

weight 45% of this tense · 43rd percentile among 20 sector filers · read for its customers

From the record

Recon Technology, Ltd.'s standing among 20 graded names in its industry family: revenue of CNY 110 million in fiscal 2026 is not ranked by size, since the family reports in another currency; a net margin of -27% ranks in the bottom 3%; revenue growth of 17.9% a year over the last 3 filed years ranks in the top 17% (its annual reports).

What it rests on

  • net margin-27.0%bottom 3% of its family
  • three-year revenue growth17.9%top 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 18 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 18 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 18 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Recon Technology, Ltd.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 18 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.6/10

How much room does it have to grow?

top 34% of 20 in its family for room to expand.

weight 22% of this tense · 66th percentile among 20 sector filers · read for itself

From the record

Recon Technology, Ltd.'s room to grow, from the newest filed statements (fiscal 2026): cash of CNY 30 million against no long-term debt tagged leaves 4.7% of its assets as net cash, top 29% of its family; cash from operations less capital spending is -53.5% of revenue (bottom 8%); a gross margin of 33.2% (top 5%); research spending of 11.7% of revenue (top 10%) (its annual report).

What it rests on

  • cash less debt against assets4.7%top 29% of its family
  • cash from operations less capital spending against revenue-53.5%bottom 8% of its family
  • gross margin33.2%top 5% of its family
  • research spending against revenue11.7%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.4/10

What could actually drive growth from here?

top 36% of 20 in its family for growth drivers.

weight 45% of this tense · 64th percentile among 20 sector filers · read for its customers

From the record

Recon Technology, Ltd.'s growth drivers, from the filed years to fiscal 2026: revenue grew 17.9% a year over the last three filed years against 7% over all 5, speeding up (top 7% of its family); the newest year grew 65.9% (top 7%); research spending grew 13.4% a year (top 30%); capital spending grew -46% a year (bottom 3%) (its annual reports). Recon Technology, Ltd. reported 3 lines of business in fiscal 2026: Automation Product and Software at CNY 70 million (64%), Equipment and Accessories at CNY 28 million (25%), Oilfield Environmental Protection at CNY 12 million (11%); 3 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+10.8 points a yeartop 7% of its family
  • the newest year's revenue growth65.9%top 7% of its family
  • three-year growth of research spending13.4%top 30% of its family
  • three-year growth of capital spending-46.0%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.2/10

Did its newest year beat what its own record pointed to?

top 18% of 18 in its family for expectations against reality.

weight 33% of this tense · 82nd percentile among 18 sector filers · read for its shareholders

From the record

Recon Technology, Ltd.'s newest year against its own record: revenue of CNY 110 million in fiscal 2026 came in 66.8% above the CNY 66 million its prior three years' pace pointed to (top 8% of its family); net income of CNY 30 million against a prior three-year average of CNY 51 million (top 36%); a net margin of -27% against -74.9% before (top 8%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace66.8%top 8% of its family
  • net income against the prior three years' average+41%top 36% of its family
  • net margin against its prior average+48.0 pointstop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton RCON · research, not advice