Recon Technology Reports Strong H1 FY26 Results, Revenue Up 102.2%, Net Loss Down 65.2%

Recon Technology reported a 102.2% increase in revenue to RMB85.0 million ($12.2 million) for the first six months of fiscal year 2026, up from RMB42.0 million ($5.8 million) in 2024. Gross profit rose to RMB28.5 million ($4.1 million), a 113.2% increase from RMB13.4 million ($1.9 million) in 2024. Net loss decreased to RMB7.2 million ($1.0 million), compared to a net loss of RMB20.7 million ($3.0 million) in 2024. The company attributes its growth to successful overseas oilfield projects and the recovery of domestic oilfield production activities.