Recon Technology, Ltd. filings document the company as a foreign private issuer with Class A and Class B ordinary shares and operations conducted through China-based business structures, including disclosed VIE arrangements for Nanjing Recon Technology Co., Ltd. and Beijing BHD Petroleum Technology Co., Ltd. Form 6-K reports provide current updates on operating results, Nasdaq listing compliance, material agreements, private-placement securities, warrant and share-based instruments, and shareholder meeting results.
The filing record also covers governance matters such as director elections, auditor ratification and authorized share-capital changes. Current reports describe revenue categories, capital structure, related contractual arrangements and the regulatory status of the company’s ordinary shares.
Recon Technology, Ltd has received a notice from Nasdaq that its ordinary shares no longer meet the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), after trading below $1.00 for 30 consecutive business days.
The notice does not immediately affect the listing, and the shares continue trading on Nasdaq under the symbol RCON. Recon has 180 calendar days, until November 2, 2026, to regain compliance by having a closing bid of at least $1.00 for 10 consecutive business days. If it still does not comply, the company may qualify for an additional 180‑day grace period and could use measures such as a reverse stock split to cure the deficiency.
Recon Technology, Ltd completed a private PIPE financing with 12 non-U.S. investors, issuing 60,000,000 Class A ordinary shares at $0.30 per share for total gross proceeds of $18,000,000 (approximately RMB 123,568,200). The shares were sold under Regulation S as an exempt offering to non-U.S. persons.
Class A ordinary shares outstanding will rise from 10,627,426 to 70,627,426 after closing, while 20,000,000 Class B ordinary shares remain outstanding. The transaction closed on April 16, 2026 under a Securities Purchase Agreement with customary terms.
Recon Technology, Ltd director Wong Nam Sum has filed a Form 3 showing an initial position in the company. The filing reports direct ownership of 65,000 Class A Ordinary Shares as of April 1, 2026, with no reported purchases or sales in this filing.
Recon Technology, Ltd director Hu Zhongchen filed an initial Form 3, formally reporting insider status with the company. The filing does not list any common stock or derivative holdings and shows no insider transactions at this time.
Recon Technology, Ltd director Duan Yonggang filed an initial Form 3 showing beneficial ownership of 65,000 Class A Ordinary Shares, held directly. This filing establishes his reported equity position but does not disclose any recent share purchases or sales.
Recon Technology, Ltd CEO and director Yin Shenping filed an initial insider ownership report. The filing shows direct holdings of 10,000,000 Class B Ordinary Shares and 984,041 Class A Ordinary Shares. This Form 3 records existing ownership and does not reflect new share purchases or sales.
Recon Technology, Ltd director and CFO Mrs. Liu Jia has filed an initial insider ownership report. The Form 3 shows she directly holds 383,323 Class A Ordinary Shares following the reported position, with no purchases or sales disclosed in this filing.
Recon Technology, Ltd reported sharply improved results for the six months ended December 31, 2025. Revenue rose to RMB 85,048,921 from RMB 42,069,270, while net loss attributable to the company narrowed to RMB 5,823,015 (about $832,681) from RMB 20,588,329.
Total assets were RMB 542,996,462 and total liabilities RMB 91,930,622, leaving shareholders’ equity of RMB 451,065,840 as of December 31, 2025. Cash and restricted cash declined to RMB 75,093,186 as the company expanded lending to third parties and invested in new projects.
The company is winding down underperforming units Qinghai BHD and Future Gas Station, whose operations fell to zero revenue by December 2025, while building a plastics chemical recycling plant in Shandong with construction in progress of RMB 40,370,158 and a total budget of about $20 million. It also issued a RMB 100 million 20‑year loan tied to an industrial park project, supported by collateral valued at RMB 688.3 million.
Recon Technology, Ltd reported that shareholders approved all proposals at the annual general meeting for the year ended June 30, 2025. Two Class I directors, Hu Zhongchen and Yonggang Duan, were re-elected with more than 304 million votes cast in favor for each.
Shareholders ratified ENROME LLP as auditor for the fiscal year ending June 30, 2026. They also approved a large increase in authorized share capital from US$58,000 (500,000,000 Class A and 80,000,000 Class B Ordinary Shares) to US$320,000 (3,000,000,000 Class A and 200,000,000 Class B Ordinary Shares).
Investors authorized the board to implement one or more reverse share splits of Class A Ordinary Shares at an exchange ratio of up to 1-for-8,000 within two years, with fractional shares rounded up to the next whole share. A related special resolution conditionally increases authorized Class A shares after the first consolidation based on the chosen consolidation ratio.
Recon Technology, Ltd (RCON) filed its annual report on Form 20-F, outlining FY2025 results and operating structure. Revenue was RMB 66,285,032, while loss from operations reached RMB 57,319,712. Net loss attributable to the company was RMB 42,588,554, reflecting continued investment and operating costs.
The company operates in China primarily through variable interest entities (VIEs); on July 10, 2025, its WFOE re-signed VIE agreements with BHD and Nanjing Recon. Cash support to VIEs increased to RMB 92,151,863 for FY2025. Customer concentration remains high: CNPC represented 44% of revenue and Sinopec 17% in FY2025, which can affect quarterly timing and seasonality.
Balance sheet highlights show total assets of RMB 525,621,125 and total liabilities of RMB 71,651,378, with shareholders’ equity at RMB 467,427,518. Shares outstanding were 10,627,426 Class A Ordinary Shares and 20,000,000 Class B Ordinary Shares as of June 30, 2025. The filing also notes that Gansu BHD’s Hazardous Waste Operating Permit expired on July 26, 2023 and has not yet been renewed, which is described as a potential operational and revenue headwind.