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Last $1.90 USD
Change Today -0.10 / -5.00%
Volume 37.5K
RCON On Other Exchanges
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

recon technology ltd (RCON) Snapshot

Previous Close
Day High
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52 Week High
10/29/14 - $5.47
52 Week Low
01/26/15 - $1.27
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Current Stock Chart for RECON TECHNOLOGY LTD (RCON)

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recon technology ltd (RCON) Details

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. It offers equipment, tools, and other hardware related to oilfield production and management; and develops and sells industrial automation control and information solutions. The company provides oil and gas production and transportation equipment, such as heating furnaces and burners. It also offers oil and gas production increasing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging technique; fissure shaper technique to increase perforation depth, shape stratum fissures, and enhance stratum diversion capability; fracture acidizing technique; and electronic broken-down service to resolve block-up and freezing problems. In addition, the company provides 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; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it offers Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead, and measurement station areas; and technique service for digital oilfield transformation. The company was incorporated in 2007 and is headquartered in Beijing, the People’s Republic of China.

89 Employees
Last Reported Date: 09/29/14
Founded in 2007

recon technology ltd (RCON) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $135.9K
Chief Technology Officer and Director
Total Annual Compensation: $123.6K
Compensation as of Fiscal Year 2014.

recon technology ltd (RCON) Key Developments

Recon Announces Cooperation with CNPC to Establish Pressure Container Service Center in Kazakhstan

Recon Technology, Ltd. announced that it had entered into a 5-year renewable cooperation agreement with Aktobe Petroleum Machinery Co. Ltd. with respect to the construction of technical service center for pressure containers such as heating furnaces and separators. Pursuant to this agreement, Recon and Aktobe Petroleum Machinery will work together to develop the marketing, sales, maintenance and related services for pressure containers in Kazakhstan.

Recon Technology, Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

Recon Technology, Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported total revenues of RMB 21,328,972 against RMB 46,266,326 for the same period in the last year, to projects delay or cancellation. Income from operations was RMB 2,386,793 against RMB 7,896,857 for the same period in the last year. Income before income tax was RMB 6,378,736 against RMB 7,831,604 for the same period in the last year. Net income attributable to the company was RMB 5,325,376 or RMB 1.10 per diluted share against RMB 5,814,671 or RMB 1.38 per diluted share for the same period in the last year. For the six months, the company reported total revenues of RMB 25,632,972 against RMB 57,779,036 for the same period in the last year. Loss from operations was RMB 2,058,703 against income from operations of RMB 8,399,512 for the same period in the last year. Income before income tax was RMB 2,247,436 against RMB 8,245,285 for the same period in the last year. Net income attributable to the company was RMB 1,163,831 or RMB 0.24 per diluted share against RMB 5,861,115 or RMB 1.44 per diluted share for the same period in the last year. Net cash used in operating activities was RMB 15,389,618 against RMB 6,776,271 for the same period in the last year. Purchase of property and equipment was RMB 514,009 against RMB 36,495 for the same period in the last year.

Recon Technology, Ltd. Approves Amendment of Memorandum of Association and Articles of Associations

On January 29, 2015 Recon Technology, Ltd., held its 2014 annual general meeting of stockholders. At the Annual Meeting, the shareholders approved and adopted the Second Amended and Restated Memorandum of Association and Articles of Associations, which incorporate amendments including but not limited to, Increase of Authorized Capital, Director Removal Requirement and Quorum Reduction.


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Anton Oilfield Services Group/Hong Kong $1.82 HKD +0.09
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