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Stock impact report

Recon Technology, Ltd Reports Financial Year Results for Fiscal Year 2024

Recon Technology, Ltd. - Class A Ordinary Shares (RCON) 
US:NASDAQ Investor Relations: exac.com/investors
Company Research Source: PR Newswire
BEIJING, Oct. 30, 2024 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for fiscal year 2024.Fiscal Year Ended June 30, 2024 Financial Highlights:Total revenue increase by approximately RMB1.7 million ($0.2 million) or 2.6% to RMB68.8 million ($9.5 million) for the year ended June 30, 2024 from RMB67.1million ($9.2 million) for the same period in 2023.Gross profit increased to RMB20.9 million ($2.9 million) for the year ended June 30, 2024, from RMB18.9 million ($2.6 million) for the same period in 2023.Gross margin increased to 30.3% for the year ended June 30, 2024 from 28.1% for the same period in 2023.Net loss was RMB51.4 million ($7.1 million) for the year ended June 30, 2024, a decrease of RMB10.0 million ($1.4 million) from net loss of RMB61.4 million ($8.5 million) Show less Read more
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