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Recon Technology Ltd - RCON STOCK NEWS

Welcome to our dedicated news page for Recon Technology (Ticker: RCON), a resource for investors and traders seeking the latest updates and insights on Recon Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Recon Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Recon Technology's position in the market.

Rhea-AI Summary
Recon Technology Ltd secures contracts worth over $3 million from a new oilfield-industry customer for electronic components, showcasing the company's expertise and commitment to excellence.
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0.62%
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Recon Technology Ltd to showcase low value plastic chemical recycling solutions at 2024 Plastics Recycling Conference in Texas.
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-1.74%
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Rhea-AI Summary
Recon Technology, Ltd announces financial results for fiscal year 2023 with a decrease in total revenue of 19.9% and a net loss of $8.5 million. Gross margin increased to 28.1%. CEO expects growth opportunities in the oil industry and expansion into broader energy sectors.
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Recon Technology has been granted an additional 180-day period for compliance with NASDAQ's minimum bid price requirement. The Company's ordinary shares need to reach a closing bid price of at least $1.00 per share for ten consecutive trading days by April 22, 2024.
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-10.71%
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Rhea-AI Summary
Recon Technology announces strategic partnership with Jiangsu Jiademan to transform fueling services for logistics and transportation companies. The partnership will provide customized fueling services at gas stations of China National Petroleum Corporation (CNPC) and improve operational efficiency for platform companies. The first customer, a leading digital logistics platform, will benefit from innovative and customized fueling services.
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-2.56%
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2.94%
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Rhea-AI Summary
Recon Technology has been awarded a contract worth RMB 6,104,000 (or USD 1.0 million) for the Ground Control Project in the Deep Shale Gas Field in Chongqing City, China. The project focuses on the autonomous monitoring and control system for the deep shale gas field, solidifying Recon's position as a key player in the oil and gas industry.
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2.5%
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Recon Technology Ltd

Nasdaq:RCON

RCON Rankings

RCON Stock Data

23.69M
45.61M
1.86%
3.19%
0.01%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
Link
China (Mainland)
Beijing

About RCON

recon technology, ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the people's republic of china. the company offers equipment, tools, and other hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions. it also provides equipment for oil and gas production and transportation, including heating furnaces and burner, as well as enhancing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging techniques; fissure shaper; fracture acidizing technique; and electronic broken-down service to resolve block-up and freezing problems. in addition, the company offers automation systems and services, including pumping unit controller that monitors the pumping units and collects data; rtu to monitor natural gas wells and collect gas well pressure data; wirele