Recon Technology, Ltd. (RCON) financial statements (2023 and earlier)

Company profile

Business Address ROOM 1902, BUILDING C,
BEIJING, 100107
State of Incorp.
Fiscal Year End June 30
SIC 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments2742,0272,9401,996
Cash and cash equivalents2742,0272,9401,996
Receivables6,43510,045 417
Inventory, net of allowances, customer advances and progress billings9501,7812,3292,145
Prepaid expense   461
Other undisclosed current assets3,5276,59616,40415,781
Total current assets:11,18620,44921,67320,799
Noncurrent Assets
Property, plant and equipment438438215276
Long-term investments and receivables334  250
Long-term investments   250
Due from related parties334   
Other undisclosed noncurrent assets 1,1783,218566
Total noncurrent assets:7721,6163,4331,093
TOTAL ASSETS:11,95822,06525,10621,892
Current Liabilities
Accounts payable and accrued liabilities1,3452,5011,3341,493
Accounts payable1,1352,238  
Accrued liabilities39333379
Employee-related liabilities574168322
Taxes payable1141891,2331,092
Derivative instruments and hedges, liabilities  816 
Due to related parties1,9482,778846889
Deferred revenue and credits61375718546
Deferred tax liabilities273029 
Customer advances and deposits3087130
Other undisclosed current liabilities1,0012,7824,3034,626
Total current liabilities:4,4938,5538,1767,554
Noncurrent Liabilities
Total liabilities:4,4938,5538,1767,554
Stockholders' equity
Stockholders' equity attributable to parent, including:6,22712,16115,59313,174
Common stock11211510086
Additional paid in capital15,14315,19913,49411,234
Accumulated other comprehensive loss(33)(52)(45)(47)
Retained earnings (accumulated deficit)(9,618)(3,100)2,0441,903
Other undisclosed stockholders' equity attributable to parent624   
Stockholders' equity attributable to noncontrolling interest1,2381,3511,3361,164
Total stockholders' equity:7,46513,51116,93014,338
TOTAL LIABILITIES AND EQUITY:11,95822,06525,10621,892

Income statement (P&L) ($ in thousands)

Revenue, net445276,9431,934
Cost of revenue(5,340)(6,799)(9,915)(8,327)
Gross profit:1,0911,6615,2674,049
Operating expenses(7,097)(7,494)(4,807)(4,140)
Operating income (loss):(6,007)(5,833)460(91)
Nonoperating income (expense)(0)49(7)125
Investment income, nonoperating28486292
Foreign currency transaction gain (loss), before tax1(3)(31)38
Other nonoperating income (expense)(64)4153(5)
Interest and debt expense(136)(182)(155)(252)
Other undisclosed income from continuing operations before equity method investments, income taxes72381155365
Income (loss) from continuing operations before equity method investments, income taxes:(6,071)(5,585)453146
Loss from equity method investments  (249) 
Income (loss) from continuing operations before income taxes:(6,071)(5,585)204146
Income tax expense (benefit)(82)419(156)(46)
Income (loss) before gain (loss) on sale of properties:(6,153)(5,166)48100
Other undisclosed net income  249 
Net income (loss):(6,153)(5,166)297100
Net loss attributable to noncontrolling interest  (166)(94)
Net income (loss) available to common stockholders, diluted:(6,153)(5,166)1316

Comprehensive Income ($ in thousands)

Net income (loss):(6,153)(5,166)297100
Other undisclosed comprehensive income (loss)15(6)3(0)
Comprehensive income (loss):(6,138)(5,173)300100
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 0(166)94
Other undisclosed comprehensive loss, net of tax, attributable to parent   (187)
Comprehensive income (loss), net of tax, attributable to parent:(6,138)(5,172)1346

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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