Recon Technology reported a 65.8% revenue increase to RMB109.9 million ($16.2 million) for fiscal year 2026, driven by overseas oilfield projects and automation products. Gross margin improved to 33.2%, helping reduce the net loss to RMB31.6 million ($4.7 million) from RMB43.7 million the previous year. The company also launched a waste plastic chemical recycling plant, marking a strategic move into the circular economy. Looking ahead, Recon plans to commercialize the recycling plant, expand overseas oilfield services, and rebuild domestic operations despite ongoing market challenges.
Recon Technology's fiscal year 2026 saw a 65.8% revenue increase to RMB109.9 million ($16.2 million). For readers following the energy sector, here is Pluang's market snapshot as of Sep 30, 2026 19:02 WIB: Of 38 priced US energy stocks, 25 rose and 11 fell. Notable movers include Baker Hughes Co (BKR) at USD 56.24 with a 0.57% increase and a typical hold time of 75 days, Diamondback Energy Inc (FANG) at USD 185.00 with a 0.57% increase and 100% buy order activity, and Eni SpA (E) at USD 54.35 with a 0.55% decrease and 100% sell order activity.
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