Recon Technology

Recon Technology Ltd. is a provider of oilfield specialized equipment, automation systems, tools, chemicals, and field services to petroleum companies mainly in the PRC. It operates through the following segments: Automation Product and Software, Equipment and Accessories, Oilfield Environmental Protection, and Platform Outsourcing Services. The Automation Product and Software segment is involved in the sale of automation products specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Equipment and Accessories segment consists of the delivery of standard or customized products and equipment, including automation products, furnaces and related accessories. The Oilfield Environmental Protection segment focuses on the wastewater treatment products and related service to oilfield and chemical industry companies and generates revenue from special equipment, self-developed chemical products and supporting service, transfer. The Platform Outsourcing Services segment refers to online platform development, maintenance, and operation services to gas stations around different provinces in China. The company was founded by Guang Qiang Chen, Hong Qi Li, and Shen Ping Yin on August 21, 2007 and is headquartered in Beijing, China.

Recon Technology Ltd. engages in providing oilfield services. It operates through the following segments: Automation Product and Software, Equipment and Accessories, Oilfield Environmental Protection, and Platform Outsourcing Services. The Automation Product and Software segment is involved in the sale of automation products specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Equipment and Accessories segment includes the delivery of standard or customized products and equipment, including automation products, furnaces, and related accessories. The Oilfield Environmental Protection segment focuses on the wastewater treatment products and related service to oilfield and chemical industry companies. The Platform Outsourcing Services segment refers to online platform development, maintenance, and operation services to gas stations around different provinces in China. The company was founded by Guang Qiang Chen, Hong Qi Li, and Shen Ping Yin on August 21, 2007 and is headquartered in Beijing, China.

China Petroleum & Chemical

BEIJING , Nov. 23, 2022 /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 that Nanjing Recon Technology Co. ("Nanjing Recon") has renewed its "High-Tech Enterprise" status granted by China Jiangsu provincial government. The three-year designation is one of the highest local awards for Chinese technology companies and makes Nanjing Recon eligible for local government incentives such as a lowered income tax rate to 15%.

Nanjing Recon Technology Co. renewed its "High-Tech Enterprise" Statue by China Jiangsu Province

BEIJING , Nov. 14, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") announced today an update to investors and shareholders on questions posed about the state of its business, challenges facing its business, its current state of affairs and its plans for the future in a virtual meeting held on November 10, 2022.  The Company previously issued a press release on November 4, 2022 about the virtual investor call which included a question-and-answer portion for shareholders.

Recon Technology, Ltd Held Virtual Investor Call on Thursday, November 10, 2022

BEIJING, Nov. 10, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") announced today that on November 8, 2022, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has cured the bid price deficiency, and that the Company is in compliance with all applicable listing standards. The Company's stock will continue to be listed and traded on The Nasdaq Stock Market.

RECON REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE REQUIREMENT

BEIJING , Nov. 9, 2022 /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 that its subsidiary Qing Hai BHD New Energy Technology Co Ltd ("Qinghai BHD") has entered into eight-year cooperation agreement with electrical grid peak load leveling service provider Tianjin Anjie IoT Technology Co Ltd ("Tianjin Anjie"). Pursuant to the agreement, Qinghai BHD and Tianjin Anjie will jointly utilize their business strength, service scope, market resources and technical advantages to explore and develop business opportunities in peak load balancing services for power grid projects.

Recon Technology, Ltd Enters into Long-Term Cooperation Agreement with Electrical Grid Peak Load Leveling Service Provider Tianjin Anjie IoT Technology Co Ltd, To Develop Electricity Grid Peak Load Leveling Services

BEIJING , Nov. 4, 2022 /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 it will host a virtual investor meeting on Thursday, November 10, 2022 from 9:00 am Eastern Time to 9:30 am Eastern Time. Senior management will discuss Recon's business strategies and outlook.

Recon Technology, Ltd to Host Virtual Investor Meeting on Thursday, November 10, 2022

BEIJING , Oct. 28, 2022 /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 2022. Fiscal Year Ended June 30, 2022 Financial Highlight: Total revenue increased by approximately RMB35.9 million ($5.3 million) or 74.8% to RMB83.8 million ($12.5 million) for the year ended June 30, 2022 from RMB47.9 million for the same period in 2021.

Recon Technology, Ltd Reports Financial Year Results for Fiscal Year 2022

BEIJING , Oct. 25, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that Nanjing Recon Technology Co. has entered into a 2-year outsourced service agreement with a domestic customer to provide maintenance and overhaul services in an amount totaling approximately RMB3.2 million. Nanjing Recon Technology Co. is a variable interest entity of Hengda Technology (Beijing) Co., Ltd.

Recon Announces a RMB3.2 Million, 2-Year Service Agreement

BEIJING , Sept. 12, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that Future Gas Station (Beijing) Technology Ltd.

FGS and G7 launch new commercial logistics vehicles fuel solutions that combine operational efficiency and carbon neutrality

BEIJING , July 20, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") announced today an update to investors and shareholders on the current state of its business, challenges facing its business, its current state of affairs and its plans for the future. Management views this update as a step toward enhancing regular communications with shareholders and investors.

RECON ISSUES SHAREHOLDER UPDATE

BEIJING , May 11, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that the mainland China variable interest entity with whom its subsidiary, Recon Hengda Technology (Beijing) Co., Ltd. has entered into a 3-year service agreement with one domestic oilfield client to provide a complete-set of solutions for oily wastewater treatments.

Recon Announces 3-Year Oily Wastewater Treatment Service Agreement

BEIJING , April 13, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that Future Gas Station (Beijing) Technology Ltd. ("FGS"), a subsidiary of two mainland China variable interest entities with contractual ties to the Company's subsidiary, Recon Hengda Technology (Beijing) Co., Ltd.

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BEIJING, March 30, 2022 /PRNewswire/ -- Recon Technology, Ltd (Nasdaq: RCON) ("Recon" or the "Company"), today announced its financial results for the first six months of Fiscal Year 2022. First Six Months of Fiscal 2022 Financial: Total revenues for the six months ended December 31, 2021 increased by 116.2% to $8.6 million (RMB54.4 million), while revenue from our oily sludge and waste water segments increased by 605.9% or $2.7 million (RMB16.9 million).

Recon Technology, Ltd Reports Financial Results for the First Six Months of Fiscal Year 2022

BEIJING, March 1, 2022 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced several contracts signed recently by its domestic VIE companies and reported the progress on its business segments so far for the year 2022: For its automation business segment, the Company was awarded RMB3.26 million in contracts by the Shenhua Group in January and February. For its equipment and accessories business segments, the Company won RMB2.39 million in contracts in January and February, which include contracts for furnaces accessories and electric submersible progressing cavity pump; and Online transactions through FGS' digitization services for gas stations of for year 2022 have also been 100% increased year-to-year ("YoY").

Recon Announces some recent contracts and business progress

BEIJING, Jan. 31, 2022 /PRNewswire/ -- Recon Technology Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that its mainland China variable interest entity has entered into a technical service contract with a Dalian-based petrochemical company, Dalian West Pacific Petrochemical Company Limited ("WEPEC" or the "Refining Company") to provide three years of operation and maintenance services on metering instruments such as alarms and flow meters that are used for the daily operation of production facilities within refineries. The total amount of the contract is RMB6.87 million.

Recon Announces RMB6.87 Million Metering Instrument Maintenance Contract with a Refining and Chemical Company

BEIJING, Jan. 24, 2022 /PRNewswire/ -- Recon Technology Limited ("Recon" o r the "Company") today announced that Future Gas Station (Beijing) Technology Ltd. ("FGS"), a mainland China variable interest entity's subsidiary connected to the Company and a technology service vendor, has assisted a China-based oil sale company in launching a new product named "Carbon Neutral Box", also known as "CNB".

FGS Helps Vehicle Owners Achieve Carbon Neutrality for Refueling in Gas Stations

BEIJING, Nov. 22, 2021 /PRNewswire/ -- Recon Technology Limited (NASDAQ: RCON) ("Recon" or the "Company") announced the Company's investment this month in Shandong Zhong You Yun Xin Information Technology Company Limited ("Zhong You Yun Xin"), a PetroChina affiliate in Shandong Province, with a 10% shareholder interest. The company's primary mission is to accelerating the transition to clean energy and sustainable technologies based on the shareholders' and management team's extensive experience sound understanding of the future trends in energy industry, and will soon deploy its first pilot project in Shandong Province in China.

Recon Announces Investment to Build an Integrated Solar Storage Charging Network with CNPC Shan Dong Branch

BEIJING, Nov. 15, 2021 /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 2021.

Recon Technology, Ltd Reports Financial Results for Fiscal Year 2021

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BEIJING, Sept. 7, 2021 /PRNewswire/ -- Recon Technology Limited (NASDAQ: RCON) ("Recon" or the "Company") today announced that its subsidiary, Gansu BHD Environmental Technology Co., Ltd ("Gansu BHD"), and Yumen Oilfield Engineering Construction Co., a wholly-owned subsidiary of China National Petroleum Corporation ("CNPC" or "PetroChina"), signed a service contract for the hazardous waste disposal technology service project of various oil production plants of Yumen Oilfield.

Recon Announces RMB9 Million Contract for Disposal of Oil Sludge from Yumen Oilfield

BEIJING, Aug. 23, 2021 /PRNewswire/ -- Recon Technology Limited (NASDAQ: RCON) ("Recon" or the "Company") today announced that through its subsidiary Nanjing Recon Technology Co., Ltd., the Company has won a maintenance contract for a combustible toxic gas alarm system (the "Contract") from China National Petroleum Corporation  Yunnan Petrochemical Company Limited ("CNPC Yunnan Petrochemical").

Recon Announces RMB4.08 Million Toxic Gas Alarm System Maintenance Contract with CNPC Yunnan Petrochemical

BEIJING, July 28, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that its subsidiary Future Gas Station (Beijing) Technology Company Limited ("FGS") signed a three-year cooperation agreement ("Agreement") with Hui Tong Tian Xia Petrochemical (Dalian) Co. Ltd ("Huitong Dalian"), a leading Chinese company focusing on fleet fuel management, to establish an electronic integrated service platform (the "Platform") for enterprise fuel consumption management. Huitong Dalian is a wholly owned subsidiary of Beijing Hui Tong Tian Xia IOT Technology CO.

Recon Announces FGS Cooperation with G7 IOT to Empower the Logistics Industry with Digital Operation of Fleet Fuel Management

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RCON stock is too cheap to ignore and offers exposure not only to the sustainable energy services niche, but also to blockchain technology. The post Recon Technology Is an Oil and Gas Investment With a Twist appeared first on InvestorPlace.

Recon Technology Is an Oil and Gas Investment With a Twist

BEIJING, June 30, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that its subsidiary Future Gas Station (Beijing) Technology Company Limited ("FGS") and An Hui Gao Deng Wei Xing Technology Ltd ("Gao Deng"), signed a strategic cooperation agreement ("Agreement"). According to the Agreement, the parties establish strategic cooperation on refueling services, electronic fuel coupon sales, and development and issuance of electronic fuel cards.

News for Recon Technology Stock (RCON)