Recon Technology, Ltd Overview
Pro stress-test →Recon Technology is a China-based independent solutions integrator focused on the oilfield service, environmental protection, electric power and coal chemical industries. The company is the first NASDAQ-listed non-state-owned oil and gas field service company in the People's Republic of China.
Strategic Profile
Pro stress-test →In the first six months of fiscal 2026 (ended December 31, 2025), the company achieved strong revenue growth of 102.2% year-over-year to RMB85.0 million with narrowing losses (RMB7.2 million vs. RMB20.7 million prior year). Recon has announced the completion of the main manufacturing plant construction for its 40,000-ton-per-year waste plastic chemical recycling project in Shandong, signaling diversification beyond traditional oilfield services into high-margin recycling.
Competitive Landscape
Pro stress-test →Recon traditionally supplies China's largest oil exploration companies Sinopec and CNPC with automated technologies and reservoir stimulation solutions. The company now competes in both legacy oilfield automation (with regional players) and emerging chemical recycling (against larger circular economy operators). Market position is challenged by high leverage to commodity oil cycles and execution risk on new recycling platform.
Industry Context
Recon Technology, Ltd operates in Oilfield automation and services.
Key facts
Headquarters: Beijing, China · Employees: ~100 (corporate headquarters) · Revenue: $9.3M (TTM as of March 2026) · Market cap: $39.5M