Recon Technology, Ltd Reports Financial Results for the First Six Months of Fiscal Year 2026
Rhea-AI Summary
Recon Technology (NASDAQ: RCON) reported first six months of fiscal 2026 results for the period ended December 31, 2025.
Key highlights: Revenue rose to RMB85.0 million (+102.2% year-over-year), gross profit to RMB28.5 million, and gross margin to 33.5%. Net loss narrowed to RMB7.2 million from RMB20.7 million a year ago. Cash was approximately RMB75.1 million as of December 31, 2025.
Positive
- Revenue +102.2% YoY to RMB85.0 million
- Gross profit +113.2% to RMB28.5 million
- Net loss reduced by RMB13.5 million year-over-year
- Automation revenue driven by RMB44.2 million overseas projects
Negative
- Cash decreased to RMB75.1 million as of December 31, 2025
- Platform outsourcing revenue fell to zero for the period
- General and administrative expenses increased by 19.3%
Key Figures
Market Reality Check
Peers on Argus
RCON was down 3.88% ahead of the release, while 3 tracked peers (including LSE, DWSN, FET) showed downside momentum with a median move around -2.8%, indicating broader sector weakness rather than a purely stock-specific move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 31 | H1 2025 earnings | Neutral | +7.4% | H1 FY2025 revenue down but margins and net loss improved with strong cash. |
| Oct 30 | FY 2024 earnings | Neutral | -9.0% | FY2024 showed modest revenue and margin gains but another large net loss. |
| Jun 28 | H1 2024 earnings | Neutral | +0.1% | H1 FY2024 revenue flat, margins down, net loss narrowed versus prior year. |
Earnings releases have produced mixed reactions: one strong positive move, one sharp selloff, and one flat day, despite generally gradual operational improvement and ongoing losses.
Over the past few earnings cycles, Recon reported modest revenue trends and persistent net losses, with occasional margin improvement and a solid cash position. H1 FY2024 showed stable revenue but lower margins and a RMB23.1M net loss. FY2024 delivered slightly higher revenue and gross margin, yet a RMB51.4M loss. H1 FY2025 brought a 7.0% revenue decline but higher gross margin and a narrowed RMB20.7M loss. Today’s H1 FY2026 update continues that focus on scaling revenue while reducing losses.
Historical Comparison
In the past three earnings releases, RCON’s average next-day move was about -0.5%, with one rally and one sharp drop, indicating historically modest but sometimes volatile responses to financial updates.
Earnings updates have shown a pattern of fluctuating revenue with periods of gross margin improvement and gradual net loss reduction, alongside ongoing emphasis on cash strength and diversification initiatives.
Market Pulse Summary
This announcement underscores a major swing in Recon’s scale, with H1 FY2026 revenue reaching RMB85.0M and gross margin improving to 33.5%, while net loss narrowed to RMB7.2M. Historically, earnings updates have shown gradual loss reduction but inconsistent market reactions. Investors may focus on the sustainability of overseas project revenue, progress of the plastic chemical recycling initiative, cost discipline, and whether improving margins can ultimately shift the business toward consistent profitability.
Key Terms
warrant liability financial
AI-generated analysis. Not financial advice.
First Six Months of Fiscal 2026 Financial Highlights:
- Total revenue increased to
RMB85.0 million ($12.2 million RMB42.0 million ($5.8 million - Gross profit increased to
RMB28.5 million ($4.1 million RMB13.4 million ($1.9 million - Gross margin increased to
33.5% for the six months ended December 31, 2025 from31.7% for the same period in 2024. - Net loss was
RMB7.2 million ($1.0 million RMB13.5 million ($1.9 million RMB20.7 million ($3.0 million
For the Six Months Ended | |||||||||||||||
December 31, | |||||||||||||||
(in RMB millions, except earnings per share; differences due | 2025 | 2024 | Increase /(Decrease) | Percentage Change | |||||||||||
Revenue | RMB | 85.0 | RMB | 42.0 | RMB | 43.0 | 102.2 % | ||||||||
Gross profit | 28.5 | 13.4 | 15.1 | 113.2 % | |||||||||||
Gross margin | 33.5 % | 31.7 % | 1.8 % | — | |||||||||||
Net loss | (7.2) | (20.7) | (13.5) | 65.2 % | |||||||||||
Net loss per share – Basic and diluted | (0.61) | (2.29) | (1.68) | 73.3 % | |||||||||||
Management Commentary
Mr. Shenping Yin, Founder and CEO of Recon, stated: "We are encouraged by the significant progress the Company has made during the first half of fiscal year 2026. For the six months ended December 31, 2025, Recon's core business remained stable and achieved substantial growth, primarily driven by the successful execution of overseas oilfield projects and the recovery of domestic oilfield production activities. Furthermore, Recon remains committed to diversifying its revenue streams and seizing opportunities in the circular economy. The Company's plastic chemical recycling project, launched in 2023, continues to progress on schedule. The project, which is expected to be fully completed by July 2026, will position Recon to capitalize on the growing demand for sustainable and recycled materials, aligning with global ESG trends and creating long-term value for shareholders. "
Mr. Yin continued, "Amid a dynamic global energy market characterized by supply-demand rebalancing and evolving industry changes, the Company has demonstrated resilience and adaptability, leveraging its core strengths to drive revenue growth while navigating operational challenges. Our focus on high-value-added services, strategic diversification, and operational excellence will continue to guide our decisions as we pursue our long-term growth objectives."
Recon Technology remains committed to delivering innovative, reliable solutions to its customers while upholding the highest standards of corporate governance and social responsibility. The Company will continue to provide timely updates on its business progress and financial performance as it executes its strategic plan.
First Six Months Fiscal 2026 Financial Results:
Revenue
Total revenues for the six months ended December 31, 2025 were approximately
- Revenue from automation product and software increased by
RMB41.4 million ($5.9 million 197.6% . For the six months ended December 31, 2025, the increase in revenue from automation products and software was primarily driven by the Company'sRMB44.2 million overseas oilfield projects during the period. This was a consequence of the second phase of oilfield capacity construction and the launch of a major automation service and maintenance project that we secured outsideChina in 2012. The growth was partially offset by a decline ofRMB2.7 million in the domestic oilfield business, due to reduced maintenance efforts in the domestic market during the six months period, as our focus shifted towards overseas projects. Looking ahead, we will be making a particular shift in our personnel, moving them from overseeing markets to strengthening our domestic market maintenance. - Revenue from equipment and accessories increased by
RMB1.6 million ($0.2 million RMB4.1 million growth contributed by offshore oilfield operations, as well as revenues of aboutRMB1.2 million from new onshore oilfield customers. This increase offset some of theRMB3.7 million revenue decline due to reduced business from some occasional orders we achieved in the compared period. - Revenue from oilfield environmental protection services increased by
RMB2.8 million ($0.4 million 101.3% . This growth was primarily driven by the increase of settlement prices of some wastewater treatment clients. - Revenue from platform outsourcing services decreased by
RMB2.7 million ($0.4 million 100% . FGS's operations were materially and adversely affected by strategic shifts in its major clients' business decisions to terminate online cooperation of third-party companies and unfavorable changes in domestic industry policies. Consequently, FGS's revenue and active business activities declined precipitously, resulting in zero revenue for the six months ended December 31, 2025.
Cost of revenue
Cost of revenues increased from
- For the six months ended December 31, 2024 and 2025, cost of revenue from automation product and software was approximately
RMB12.4 million andRMB40.7 million ($5.8 million RMB28.3 million ($4.0 million 228.6% . The increase in cost of revenue from automation product and software was primarily attributable to increased revenue of automation products and software. - For the six months ended December 31, 2024 and 2025, cost of revenue from equipment and accessories was approximately
RMB11.2 million andRMB13.2 million ($1.9 million RMB2.0 million ($0.3 million 18.0% . The increase in costs of revenue was primarily driven by expanded business activity, mirroring the same factor behind the growth in revenue. - For the six months ended December 31, 2024 and 2025, cost of revenue from oilfield environmental protection was approximately
RMB4.8 million andRMB2.7 million ($0.4 million RMB2.1 million ($0.3 million 43.7% . While actively pursuing new business opportunities in a constrained market, the Company undertook testing projects. Given their high uncertainty, equipment costs for these projects were fully costing upon purchase in the prior period, resulting in lower costs in the current period compared to the prior period. - For the six months ended December 31, 2024 and 2025, the reason for the decrease is consistent with that of the revenue decline.
Gross profit
Gross profit increased to
- For the six months ended December 31, 2024 and 2025, gross profit from automation products and software was approximately
RMB8.5 million andRMB21.6 million ($3.1 million RMB13.1 million ($1.9 million 152.8% , primarily driven by the Company's overseas oilfield projects. However, the overall gross margin declined during the period due to a higher proportion of hardware revenue, which carries a lower gross margin. - For the six months ended December 31, 2024 and 2025, gross profit from equipment and accessories was approximately
RMB4.5 million andRMB4.1 million ($0.6 million RMB0.4 million ($0.1 million 8.8% . The gross margin for automation equipment and accessories has remained relatively stable in this period. - For the six months ended December 31, 2024 and 2025, gross profit from oilfield environmental protection services was approximately negative
RMB2.1 million andRMB2.7 million ($0.4 million RMB4.9 million ($0.7 million 229.1% . The higher costs in the prior period were primarily due to testing projects conducted in 2024, for which equipment costs were fully expensed upon purchase. - For the six months ended December 31, 2024 and 2025, gross profit from platform outsourcing services was approximately
RMB2.4 million and nil, respectively, representing a decrease of approximatelyRMB2.4 million ($0.3 million 100% , primarily due to the suspension of operations.
Operating expenses
Selling expenses decreased by
General and administrative expenses increased by
The Company also recorded allowance for credit losses of
Research and development expenses decreased by
Loss from operations
Loss from operations was
Change in fair value of warrant liability
The Company classified the warrants issued in connection with common share offering as liabilities at their fair value and adjusted the warrant instrument to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in our statement of operations. Change in fair value changes of warrant liability was negative
Interest income
Net interest income was
Other expenses, net.
Other net expenses amounted to
Net loss
As a result of the factors described above, net loss was
Cash and short-term investment
As of December 31, 2025, we had cash in the amount of approximately
About Recon Technology, Ltd ("RCON")
Recon Technology, Ltd (NASDAQ: RCON) is
Forward-Looking Statements
Recon includes "forward-looking statements" within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as "scheduled," "may," "will," "could," "should," "would," "expect," "believe," "anticipate," "project," "plan," "estimate," "forecast," "goal," "objective," "committed," "intend," "continue," or "will likely result," and similar expressions that concern Recon's strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon's operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under "Risk Factors" in Recon's most recent Annual Report on Form 20‑F and any subsequent half-year financial filings on Form 6‑K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.
For more information, please contact:
The Company
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5799
Email: info@recon.cn
RECON TECHNOLOGY, LTD CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS | |||||||||
As of June 30, | As of December 31, | As of December 31, | |||||||
2025 | 2025 | 2025 | |||||||
RMB | RMB | US Dollars | |||||||
ASSETS | (UNAUDITED) | (UNAUDITED) | |||||||
Current assets | |||||||||
Cash | ¥ | 98,874,577 | ¥ | 75,084,982 | $ | 10,737,010 | |||
Restricted cash | 8,204 | 8,204 | 1,173 | ||||||
Short-term investments | 3,599,211 | — | — | ||||||
Notes receivable | — | 178,200 | 25,482 | ||||||
Accounts receivable, net | 35,852,484 | 77,585,955 | 11,094,644 | ||||||
Inventories, net | 1,344,588 | 654,915 | 93,652 | ||||||
Other receivables, net | 3,760,881 | 6,252,762 | 894,133 | ||||||
Other receivables - related parties | 67,976 | 67,976 | 9,720 | ||||||
Loans to third parties | 141,564,073 | 145,778,591 | 20,846,061 | ||||||
Purchase advances, net | 14,619,556 | 13,460,083 | 1,924,766 | ||||||
Contract costs, net | 53,547,408 | 26,519,752 | 3,792,274 | ||||||
Prepaid expenses | 389,216 | 36,773 | 5,258 | ||||||
Deferred offering cost | 2,529,724 | — | — | ||||||
Total current assets | 356,157,898 | 345,628,193 | 49,424,173 | ||||||
Property and equipment, net | 19,986,635 | 18,511,089 | 2,647,051 | ||||||
Construction in progress | 12,000,900 | 40,370,158 | 5,772,856 | ||||||
Investment in unconsolidated entity, net | — | 1,474,974 | 210,918 | ||||||
Long-term loan to third parties | 118,500,000 | 119,475,040 | 17,084,703 | ||||||
Operating lease right-of-use assets, net (including | 18,975,692 | 17,537,008 | 2,507,759 | ||||||
Total Assets | ¥ | 525,621,125 | ¥ | 542,996,462 | $ | 77,647,460 | |||
LIABILITIES AND EQUITY | |||||||||
Current liabilities | |||||||||
Short-term bank loans | ¥ | 11,582,336 | ¥ | 15,585,806 | $ | 2,228,741 | |||
Accounts payable | 19,398,669 | 37,422,742 | 5,351,381 | ||||||
Other payables | 6,154,889 | 5,148,841 | 736,274 | ||||||
Other payable- related parties | 2,927,377 | 1,290,556 | 184,547 | ||||||
Contract liabilities | 4,719,255 | 1,273,179 | 182,062 | ||||||
Contract liabilities- related parties | — | 400,000 | 57,199 | ||||||
Accrued payroll and employees' welfare | 3,212,227 | 5,813,397 | 831,305 | ||||||
Taxes payable | 795,629 | 2,855,083 | 408,271 | ||||||
Short-term borrowings - related parties | 10,017,250 | 10,018,208 | 1,432,585 | ||||||
Operating lease liabilities - current (including | 1,761,231 | 1,759,435 | 251,596 | ||||||
Warrant liability - current | — | 98 | 14 | ||||||
Total Current Liabilities | 60,568,863 | 81,567,345 | 11,663,975 | ||||||
Operating lease liabilities - non-current (including nil and nil from related parties as of June 30, 2025 and December | 1,081,827 | 363,277 | 51,948 | ||||||
Long-term borrowings - related party | 10,000,000 | 10,000,000 | 1,429,981 | ||||||
Warrant liability - non-current | 688 | — | — | ||||||
Total Liabilities | ¥ | 71,651,378 | ¥ | 91,930,622 | $ | 13,145,904 | |||
Commitments and Contingencies | |||||||||
Shareholders' Equity | |||||||||
Class A Ordinary Shares, | 101,548 | 101,548 | 14,521 | ||||||
Class B Ordinary Shares, | 14,038 | 14,038 | 2,007 | ||||||
Additional paid-in capital | 692,569,747 | 698,913,255 | 99,943,266 | ||||||
Statutory reserve | 4,148,929 | 4,148,929 | 593,289 | ||||||
Accumulated deficit | (262,900,639) | (268,723,654) | (38,426,971) | ||||||
Accumulated other comprehensive income | 33,493,895 | 29,922,499 | 4,278,860 | ||||||
Total Recon Technology, Ltd' equity | 467,427,518 | 464,376,615 | 66,404,972 | ||||||
Non-controlling interests | (13,457,771) | (13,310,775) | (1,903,416) | ||||||
Total shareholders' equity | 453,969,747 | 451,065,840 | 64,501,556 | ||||||
Total Liabilities and Shareholders' Equity | ¥ | 525,621,125 | ¥ | 542,996,462 | $ | 77,647,460 | |||
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
RECON TECHNOLOGY, LTD CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) | |||||||||
For the six months ended | |||||||||
December 31, | |||||||||
2024 | 2025 | 2025 | |||||||
RMB | RMB | USD | |||||||
Revenue | 42,069,270 | 85,048,921 | 12,161,834 | ||||||
Cost of revenue | 28,714,468 | 56,571,163 | 8,089,569 | ||||||
Gross profit | 13,354,802 | 28,477,758 | 4,072,265 | ||||||
Selling and distribution expenses | 5,177,944 | 4,340,014 | 620,614 | ||||||
General and administrative expenses | 24,038,744 | 28,677,355 | 4,100,807 | ||||||
Allowance for (Reversal of) credit losses | 870,714 | (18,355) | (2,625) | ||||||
Research and development expenses | 10,167,182 | 7,921,405 | 1,132,746 | ||||||
Operating expenses | 40,254,584 | 40,920,419 | 5,851,542 | ||||||
Loss from operations | (26,899,782) | (12,442,661) | (1,779,277) | ||||||
Other income (expenses) | |||||||||
Subsidy income | 21,045 | 23,606 | 3,376 | ||||||
Interest income | 7,136,259 | 6,909,801 | 988,088 | ||||||
Interest expense | (580,977) | (527,976) | (75,500) | ||||||
Loss on equity shares investments | — | (1,102,361) | (157,636) | ||||||
Gain (loss) in fair value changes of warrants liability | (10,327) | 584 | 84 | ||||||
Foreign exchange transaction loss | (313,263) | (8,718) | (1,247) | ||||||
Other expenses | (80,945) | (75,885) | (10,851) | ||||||
Other income, net | 6,171,792 | 5,219,051 | 746,314 | ||||||
Loss before income tax | (20,727,990) | (7,223,610) | (1,032,963) | ||||||
Income tax expenses (benefits) | 1,609 | (1,609) | (230) | ||||||
Net loss | (20,729,599) | (7,222,001) | (1,032,733) | ||||||
Less: Net loss attributable to non-controlling interests | (141,270) | (1,398,986) | (200,052) | ||||||
Net loss attributable to Recon Technology, Ltd | ¥ | (20,588,329) | ¥ | (5,823,015) | $ | (832,681) | |||
Comprehensive income (loss) | |||||||||
Net loss | (20,729,599) | (7,222,001) | (1,032,733) | ||||||
Foreign currency translation adjustment | 1,207,501 | (3,571,396) | (510,703) | ||||||
Comprehensive loss | (19,522,098) | (10,793,397) | (1,543,436) | ||||||
Less: Comprehensive loss attributable to non- controlling interests | (141,270) | (1,398,986) | (200,052) | ||||||
Comprehensive loss attributable to Recon Technology, Ltd | ¥ | (19,380,828) | ¥ | (9,394,411) | $ | (1,343,384) | |||
Loss per share - basic and diluted | ¥ | (2.29) | ¥ | (0.61) | $ | (0.09) | |||
Weighted - average shares -basic and diluted | 8,978,328 | 9,475,344 | 9,475,344 | ||||||
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
RECON TECHNOLOGY, LTD CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) | |||||||||
For the six months ended December 31, | |||||||||
2024 | 2025 | 2025 | |||||||
RMB | RMB | US Dollars | |||||||
Cash flows from operating activities: | |||||||||
Net loss | ¥ | (20,729,599) | ¥ | (7,222,001) | $ | (1,032,733) | |||
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Depreciation and amortization | 1,724,066 | 1,438,445 | 205,695 | ||||||
Loss from disposal of equipment | 9,607 | 314 | 45 | ||||||
Gain (loss) in fair value changes of warrants liability | 10,327 | (584) | (84) | ||||||
Allowance (Reversal of) for credit losses | 870,714 | (18,355) | (2,625) | ||||||
Allowance (Reversal of) for slow moving inventories | (523,228) | 267,498 | 38,252 | ||||||
Amortization of right-of-use assets | 1,532,232 | 1,438,684 | 205,729 | ||||||
Restricted shares issued for management and employees | 5,353,151 | 6,343,508 | 907,110 | ||||||
Loss on equity shares investments | — | 1,102,361 | 157,636 | ||||||
Cash position changes due to the decrease of ownership interest | — | (32,811) | (4,692) | ||||||
Accrued interest income from loans to third parties | (6,779,697) | (6,027,268) | (861,888) | ||||||
Expensing of deferred financing costs | — | 2,529,724 | 361,746 | ||||||
Changes in operating assets and liabilities: | |||||||||
Notes receivable | (1,864,913) | (178,200) | (25,482) | ||||||
Accounts receivable | (3,348,819) | (43,275,450) | (6,188,307) | ||||||
Inventories | (718,490) | 244,960 | 35,029 | ||||||
Other receivables | (358,057) | (2,454,191) | (350,945) | ||||||
Other receivables-related parties | (4,000) | — | — | ||||||
Purchase advances | 81,256 | 784,301 | 112,154 | ||||||
Contract costs | 8,057,774 | 28,736,194 | 4,109,221 | ||||||
Prepaid expense | (295,291) | 352,443 | 50,399 | ||||||
Operating lease liabilities | (1,039,360) | (720,346) | (103,008) | ||||||
Accounts payable | 3,913,353 | 4,241,036 | 606,460 | ||||||
Other payables | (1,194,817) | (939,715) | (134,377) | ||||||
Other payables-related parties | (511,754) | (1,636,821) | (234,062) | ||||||
Contract liabilities | 2,277,655 | (3,446,076) | (492,782) | ||||||
Contract liabilities-related parties | — | 400,000 | 57,198 | ||||||
Accrued payroll and employees' welfare | 179,209 | 2,601,170 | 371,962 | ||||||
Taxes payable | 691,901 | 2,008,157 | 287,163 | ||||||
Net cash used in operating activities | (12,666,780) | (13,463,023) | (1,925,186) | ||||||
Cash flows from investing activities: | |||||||||
Investment in unconsolidated entity | — | (350,000) | (50,049) | ||||||
Purchases of property and equipment | (455,380) | (227,699) | (32,561) | ||||||
Proceeds from disposal of equipment | — | 3,580 | 512 | ||||||
Collection of loans to third parties | 2,904,352 | 1,681,400 | 240,437 | ||||||
Payments made for loans to third parties | (36,897,900) | (3,200,000) | (457,594) | ||||||
Payments and prepayments for construction in progress | (5,337,873) | (14,586,221) | (2,085,802) | ||||||
Redemption of short-term investments | 88,892,092 | 3,496,550 | 500,000 | ||||||
Net cash generated by (used in) investing activities | 49,105,291 | (13,182,390) | (1,885,057) | ||||||
Cash flows from financing activities: | |||||||||
Proceeds from short-term bank loans | — | 4,000,000 | 571,992 | ||||||
Repayments of short-term bank loans | (843,487) | — | — | ||||||
Deferred offering costs | (810,082) | — | — | ||||||
Capital contribution by controlling shareholders | 10,000 | — | — | ||||||
Net cash generated by (used in) financing activities | (1,643,569) | 4,000,000 | 571,992 | ||||||
Effect of exchange rate fluctuation on cash and restricted cash | (343,038) | (1,144,182) | (163,616) | ||||||
Net increase (decrease) in cash and restricted cash | 34,451,904 | (23,789,595) | (3,401,867) | ||||||
Cash and restricted cash at beginning of period | 110,840,610 | 98,882,781 | 14,140,050 | ||||||
Cash and restricted cash at end of period | ¥ | 145,292,514 | ¥ | 75,093,186 | $ | 10,738,183 | |||
Supplemental cash flow information | |||||||||
Cash paid during the period for interest | ¥ | 518,086 | ¥ | 518,417 | $ | 74,133 | |||
Cash paid during the period for taxes | ¥ | 1,363,403 | ¥ | — | — | ||||
Reconciliation of cash and restricted cash, beginning of period | |||||||||
Cash | ¥ | 109,991,674 | ¥ | 98,033,845 | $ | 14,018,654 | |||
Restricted cash | 848,936 | 848,936 | 121,396 | ||||||
Cash and restricted cash, beginning of period | ¥ | 110,840,610 | ¥ | 98,882,781 | $ | 14,140,050 | |||
Reconciliation of cash and restricted cash, end of period | |||||||||
Cash | ¥ | 145,284,391 | ¥ | 75,084,982 | $ | 10,737,010 | |||
Restricted cash | 8,123 | 8,204 | 1,173 | ||||||
Cash and restricted cash, end of period | ¥ | 145,292,514 | ¥ | 75,093,186 | $ | 10,738,183 | |||
Non-cash investing and financing activities | |||||||||
Payable for construction in progress | — | 13,783,037 | 1,970,948 | ||||||
Investment in unconsolidated entity resulting from transfer out of control | — | 1,124,974 | 160,869 | ||||||
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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SOURCE Recon Technology, Ltd
FAQ
How much did Recon Technology (RCON) report revenue for the first six months of fiscal 2026?
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What drove the revenue growth at Recon Technology (RCON) in H1 fiscal 2026?
How did Recon Technology's (RCON) gross margin change in the first half of fiscal 2026?
What happened to Recon Technology's (RCON) platform outsourcing services revenue in H1 2026?
What is Recon Technology's (RCON) cash position as of December 31, 2025 and how did it change?
