Last $4.60 USD
Change Today -0.1702 / -3.57%
Volume 18.4K
RCON On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 12:30 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

recon technology ltd (RCON) Snapshot

Open
$4.67
Previous Close
$4.77
Day High
$4.74
Day Low
$4.56
52 Week High
02/26/14 - $8.00
52 Week Low
10/2/13 - $2.18
Market Cap
21.7M
Average Volume 10 Days
77.6K
EPS TTM
$0.07
Shares Outstanding
4.7M
EX-Date
--
P/E TM
62.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for RECON TECHNOLOGY LTD (RCON)

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recon technology ltd (RCON) Details

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People’s Republic of China. It offers equipment, tools, and other hardware related to oilfield production and management; and develops and sells industrial automation control and information solutions. The company provides oil and gas production and transportation equipment, such as heating furnaces and burners; and oil and gas development tools and equipment, including fracturing, production, and water injection packers. It also offers oil and gas production increasing techniques comprising fissure shaper technique to increase perforation depth, shape stratum fissures, and enhance stratum diversion capability; sand prevention technique for oil and water wells; water locating and plugging technique; fracture acidizing technique for oil and gas wells; and electronic broken-down service to resolve block-up and freezing problems. In addition, the company provides automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometer and wireless pressure gauge; electric multi-way valve for oilfield metering station flow control; and natural gas flow computer system. Further, it offers Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. The company was incorporated in 2007 and is headquartered in Beijing, the People’s Republic of China.

recon technology ltd (RCON) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $85.4K
Chief Technology Officer and Director
Total Annual Compensation: $84.9K
Compensation as of Fiscal Year 2013.

recon technology ltd (RCON) Key Developments

Recon Technology, Ltd. Announces Earnings Results for the Full Year Ended June 30, 2014

Recon Technology, Ltd. announced earnings results for the full year ended June 30, 2014. For the year, the company reported total revenues of RMB 93,447,108 against RMB 76,585,729 a year ago. Income from operations was RMB 2,830,238 against loss from operations of RMB 564,747 a year ago. Income before income tax was RMB 2,788,956 against RMB 906,412 a year ago. Net income attributable to company was RMB 807,188 against RMB 39,698 a year ago. Earnings per diluted common share were RMB 0.18 against RMB 0.01 a year ago. Net cash used in operating activities was RMB 7,960,044 against net cash from operating activities of RMB 24,757,866 a year ago. Purchase of property and equipment was RMB 477,957 against RMB 753,583 a year ago. Adjusted earnings per diluted share were RMB 1.17 against RMB 0.48 a year ago. Adjusted EBIDTA was RMB 8,836,896, from RMB 4,701,346. Adjusted net income attributable to company was RMB 5,118,412 from RMB 1,892,354.

Recon Technology Mulls Acquisitions

Recon Technology, Ltd. (NasdaqCM:RCON) intends to make acquisitions. Shenping Yin, Chairman and Chief Executive Officer of Recon said: "In recent weeks, we have focused on developing growth goals to guide the efforts of our still young Company that we believe is entering a new stage of development. Our major focus going forward will continue to be on the organic development of our business, built on strong technology, our very well developed solid relationships with China's large oil companies, and our focus on building our business in China's most challenging oil fields away from large potential competitors. However, we believe we can supplement this growth with carefully chosen acquisitions and joint ventures, and have put a greater effort into accomplishing this." He added: "Looking ahead, we believe that an achievable goal for Recon is annual average revenue growth of a minimum of 20%. We further believe that if we couple this with appropriate acquisitions, we can aim to double our revenues over the next two to three fiscal years. While pursuing these goals, we will keep in mind the best interests of our shareholders, who we know would also like to see a growing bottom line as we grow our revenues, and also don't want us to stray from our areas of expertise. We think we have a very exciting future ahead and look forward to continuing to inform shareholders of our progress."

Recon Technology Provides Earnings Guidance for the Year Ended June 30, 2014

Recon Technology provided earnings guidance for the year ended June 30, 2014. The company expects to report fiscal full-year revenue to be up more than 20% from fiscal 2013 and expects to report sales of approximately CNY 93 million for the year ended June 30, as sales of hardware products to its oilfield company customers increased more than 100% year-over-year. The company expects to report a net operating profit compared with the loss from operations it incurred in fiscal 2013, as well as healthy percentage increases in net income and adjusted net income attributable to Recon Technologies Ltd. that were higher than the percentage gain in sales.

 

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RCON Competitors

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Industry Analysis

RCON

Industry Average

Valuation RCON Industry Range
Price/Earnings 54.7x
Price/Sales 1.5x
Price/Book 1.4x
Price/Cash Flow 61.7x
TEV/Sales 1.2x
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