Recon Technology Soars 9.87% on $5.85M Mid-Asia Gas Field Contract

On August 5, 2025, Recon Technology's stock surged by 9.87% in pre-market trading, marking a significant rise in investor interest and confidence in the company's recent developments.

Recon Technology has secured a substantial $5.85 million contract to provide upgrade and maintenance services for a major gas field in mid-Asia. This contract, which is expected to be completed within the next calendar year, involves retrofitting automation systems to ensure the gas field's capacity supply. The project underscores Recon's technical expertise and strong relationships in the oilfield automation market, particularly with China's largest oil exploration companies, Sinopec and CNPC.

This contract win is seen as a significant milestone in Recon's international market expansion efforts. The company, which has been serving the Chinese market for over a decade, views this as an important step in broadening its global footprint. The contract, while representing a modest financial impact, is strategically significant as it validates Recon's capabilities in automation systems for gas fields and demonstrates its ability to secure international contracts.

The targeted gas field is already completed and operational, indicating that this contract focuses on maintenance and upgrades rather than new construction. This aligns with Recon's established service capabilities and highlights the recurring service aspect of its business model, ensuring the continued capacity of existing infrastructure.