On October 14, 2025, Recon Technology, Ltd. (NASDAQ: RCON) announced its fiscal year 2025 financial results. The company reported revenue of RMB 66.3 million ($9.3 million), a 3.7% decline from RMB 68.8 million ($9.6 million) in the prior year, and a net loss of RMB 43.7 million ($6.1 million), an improvement of 15.0% compared with the previous year’s loss of RMB 51.4 million ($7.2 million).
Gross profit for the year was RMB 15.2 million ($2.1 million), down 27.0% from RMB 20.9 million ($2.9 million) in 2024, resulting in a gross margin of 23.0% versus 30.3% in the prior year. Operating expenses fell 9.9% to RMB 9.3 million ($1.3 million) from RMB 10.4 million ($1.4 million), while general and administrative costs dropped 22.1% to RMB 49.6 million ($6.9 million) from RMB 63.8 million ($8.9 million).
The company also highlighted the launch of its chemical recycling plant, which began construction on April 28, 2025 after obtaining all necessary local approvals. Management expects the facility to be fully operational by the end of 2025, positioning the plastic chemical recycling business to contribute significantly to RCON’s operations in FY2026. This milestone underscores the company’s strategic shift toward renewable energy and environmental solutions.
In its commentary, CEO Shenping Yin noted that domestic oil clients faced reduced capital expenditures due to oil price volatility, prompting a more cautious approach to spending. Despite this, RCON secured new clients outside the oilfield sector and expanded its overseas oilfield customer base, which the company believes will stabilize operations in the coming year.
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