Recon Technology Reports 102% Revenue Increase for H1 2026 with Focus on Overseas Projects
Recon Technology, Ltd's total revenue for H1 2026 reached RMB85.0 million ($12.2 million), up 102.2% from RMB42.0 million ($5.8 million) in H1 2025. Gross profit increased to RMB28.5 million ($4.1 million), with a gross margin of 33.5%. The net loss decreased to RMB7.2 million ($1.0 million) from RMB20.7 million ($3.0 million) year-over-year. The company's growth stemmed from successful overseas oilfield projects and domestic production recovery. Recon is also advancing its plastic chemical recycling project, expected to complete by July 2026.
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Recon Technology, Ltd reported a total revenue of RMB85.0 million ($12.2 million) for the six months ending December 31, 2025, marking a 102.2% increase from RMB42.0 million ($5.8 million) in the same period of 2024. Gross profit rose to RMB28.5 million ($4.1 million), with a gross margin of 33.5%.
The net loss narrowed to RMB7.2 million ($1.0 million) from RMB20.7 million ($3.0 million) year-over-year. The revenue boost was driven by successful execution of overseas oilfield projects and a recovery in domestic production. The company is also progressing on its plastic chemical recycling project, set for completion by July 2026.
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