Recon Technology Reports FY25 Revenue Decrease of 3.7%, Net Loss of RMB44.2m ($6.2m)

Recon Technology's FY25 financial results show a 3.7% decrease in total revenue to RMB66.3 million ($9.3 million), a 27% decrease in gross profit to RMB15.2 million ($2.1 million), and a 15% decrease in net loss to RMB44.2 million ($6.2 million). The company attributes the decline in profitability to cautious spending by domestic oil companies, but notes the expansion of its overseas oilfield client base and the construction of its Chemical Circular Factory, which is expected to be completed by the end of FY25.