研控科技的自动化系统可远程监测和收集油田生产实时数据,这项先进的行业应用可以极大地帮助油田 客户提高开采水平、减少杂质以及降低生产成本。 本文源自：金融界 作者：行情君 8月1日，研控科技(RCON)盘中上涨33.28%，截至00:13，报3.625美元/股，成交250.75万美元，总市值 1.11亿美元。 财务数据显示，截至2024年12月31日，研控科技收入总额4206.93万人民币，同比减少7.04%；归母净利 润-2058.83万人民币，同比增长8.72%。 资料显示，研控科技有限责任公司(纳斯达克交易代码:RCON)是一家领先的中国油田服务公司。公司主 要业务为油田自动化产品、油田增产措施及专用设备的研发和销售。研控科技为中国主要石油天然气公 司提供产品和服务,以帮助他们提高油气生产和运输效率。 ...

Core Viewpoint - RCON experienced a significant stock price increase of 20.35% on July 31, closing at $2.72 per share, with a total market capitalization of $83.31 million [1] Financial Performance - As of December 31, 2024, RCON reported total revenue of 42.07 million RMB, reflecting a year-on-year decrease of 7.04% [1] - The company recorded a net loss attributable to shareholders of 20.59 million RMB, which represents a year-on-year increase of 8.72% [1] Company Overview - RCON is a leading oilfield services company based in China, primarily engaged in the research, development, and sales of oilfield automation products, enhanced oil recovery measures, and specialized equipment [1] - The company provides products and services to major Chinese oil and gas companies, aiming to improve the efficiency of oil and gas production and transportation [1] Technological Advancements - RCON's automation systems enable remote monitoring and real-time data collection of oilfield production, significantly aiding clients in enhancing extraction levels, reducing impurities, and lowering production costs [1]

Group 1 - The top five gainers among Chinese concept stocks include 707 Cayman Holdings with a rise of 41.31%, ATA Creativity Global increasing by 33.36%, and RCON (研控科技) up by 20.35% [1] - 707 Cayman Holdings closed at a price of 5.935, with a gain of 1.735 and a trading volume of 2.7565 million [1] - ATA Creativity Global's latest price is 1.700, showing an increase of 0.425 and a trading volume of 0.8189 million [1] Group 2 - RCON (研控科技) reached a price of 2.720, with a rise of 0.460 and a trading volume of 20.0451 million [1] - 康乃德生物 (CNTB) closed at 2.100, reflecting a gain of 0.350 and a trading volume of 0.5651 million [1] - I-Mab (IMAB) saw its price at 2.030, with an increase of 0.330 and a trading volume of 3.7652 million [1]

研控科技的自动化系统可远程监测和收集油田生产实时数据,这项先进的行业应用可以极大地帮助油田 客户提高开采水平、减少杂质以及降低生产成本。 本文源自：金融界 7月30日，研控科技(RCON)盘中上涨20.32%，截至22:31，报2.719美元/股，成交334.46万美元，总市值 8328.21万美元。 财务数据显示，截至2024年12月31日，研控科技收入总额4206.93万人民币，同比减少7.04%；归母净利 润-2058.83万人民币，同比增长8.72%。 资料显示，研控科技有限责任公司(纳斯达克交易代码:RCON)是一家领先的中国油田服务公司。公司主 要业务为油田自动化产品、油田增产措施及专用设备的研发和销售。研控科技为中国主要石油天然气公 司提供产品和服务,以帮助他们提高油气生产和运输效率。 作者：行情君 ...

Core Viewpoint - RCON's stock opened up by 3.98% on July 30, 2023, reaching $2.35 per share, with a total market capitalization of $71.97 million [1] Financial Performance - As of December 31, 2024, RCON reported total revenue of 42.07 million RMB, a year-on-year decrease of 7.04% [1] - The company recorded a net loss attributable to shareholders of 20.59 million RMB, which represents a year-on-year increase of 8.72% [1] Company Overview - RCON is a leading oilfield services company based in China, primarily engaged in the research, development, and sales of oilfield automation products, enhanced oil recovery measures, and specialized equipment [1] - The company provides products and services to major Chinese oil and gas companies, aiming to improve their oil and gas production and transportation efficiency [1] Technological Advancements - RCON's automation systems enable remote monitoring and collection of real-time production data from oilfields, significantly aiding clients in enhancing extraction levels, reducing impurities, and lowering production costs [1]

Core Viewpoint - Chinese concept stocks experienced significant declines, with the top five losers showing drastic percentage drops in their stock prices [1] Group 1: Stock Performance - Feitian Zhaoye (PTHL) saw a decline of 94.67%, closing at 1.650, with a drop of 29.310 million [1] - Hongli Yingzao (WLGS) fell by 37.00%, ending at 0.0533, with a decrease of 0.0313 million [1] - American Green Star (PLAG) decreased by 26.83%, closing at 1.500, down by 0.550 million [1] - Pitanium (PTNM) dropped by 25.42%, with a closing price of 1.320, down by 0.450 million [1] - Yanke Technology (RCON) experienced a decline of 23.45%, closing at 2.260, with a drop of 0.693 billion [1]

7月29日，研控科技(RCON)盘中上涨10.75%，截至22:29，报3.27美元/股，成交7.98万美元，总市值1.00 亿美元。 财务数据显示，截至2024年12月31日，研控科技收入总额4206.93万人民币，同比减少7.04%；归母净利 润-2058.83万人民币，同比增长8.72%。 资料显示，研控科技有限责任公司(纳斯达克交易代码:RCON)是一家领先的中国油田服务公司。公司主 要业务为油田自动化产品、油田增产措施及专用设备的研发和销售。研控科技为中国主要石油天然气公 司提供产品和服务,以帮助他们提高油气生产和运输效率。 研控科技的自动化系统可远程监测和收集油田生产实时数据,这项先进的行业应用可以极大地帮助油田 客户提高开采水平、减少杂质以及降低生产成本。 本文源自：金融界 作者：行情君 ...

Exhibit 99.1 RECON TECHNOLOGY,LTD CONDENSED CONSOLIDATED INTERIMBALANCESHEETS (UNAUDITED) | | | As of June 30, | | | As of December 31, | | As of December 31, | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2024 | | | 2024 | | 2024 | | | | RMB | | | RMB | | US Dollars | | ASSETS | | | | | | | | | Current assets Cash | ¥ | | 109,991,674 | ¥ | 145,284,391 | $ | 19,903,880 | | Restricted cash | | | 848,936 | | 8,123 | | 1,113 | | Short-term investments | | | 88,091,794 | | | — | — | | Notes receivabl ...

Financial Performance - Total revenues for the six months ended December 31, 2024, were approximately RMB 42.1 million ($5.8 million), a decrease of approximately RMB 3.2 million ($0.4 million) or 7.0% from RMB 45.3 million ($6.2 million) for the same period in 2023 [4][7] - Gross profit increased to RMB 13.4 million ($1.8 million) for the six months ended December 31, 2024, from RMB 12.1 million ($1.7 million) for the same period in 2023, with a gross margin increase to 31.7% from 26.7% [6][7] - Net loss was RMB 20.7 million ($2.8 million) for the six months ended December 31, 2024, a decrease of RMB 2.4 million ($0.3 million) from a net loss of RMB 23.1 million for the same period in 2023 [15][22] Revenue Breakdown - Revenue from automation products and software increased by RMB 3.4 million ($0.5 million) or 19.2%, driven by growing market demand for automated operations [8] - Revenue from oilfield environmental protection decreased by RMB 5.3 million ($0.7 million) or 66.2%, primarily due to the expiration of a hazardous waste operation permit [8] - Revenue from platform outsourcing services increased by RMB 1.0 million ($0.1 million) or 53.7%, attributed to a rise in transaction volumes [8] Cost and Expenses - Cost of revenues decreased from RMB 33.2 million ($4.5 million) for the six months ended December 31, 2023, to RMB 28.7 million ($3.9 million) for the same period in 2024 [5] - Selling expenses increased by 13.9% to RMB 5.2 million ($0.6 million) and general and administrative expenses increased by 9.1% to RMB 24.0 million ($3.3 million) [9] - Research and development expenses increased by 50.3% to RMB 10.2 million ($1.4 million) for the six months ended December 31, 2024 [10] Management Insights - The CEO indicated that while overall revenue declined slightly, there was an increase in demand for automation and oilfield specialized equipment, with expectations for a steady rebound in business, particularly in digital solutions and oilfield environmental protection [3] - The company made significant progress in its project to build a chemical recycling plant for low-value plastics, with construction scheduled to begin in April 2025 [3] Cash Position - As of December 31, 2024, the company had cash of approximately RMB 145.3 million ($19.9 million) and no short-term investments in bank fixed income products [16]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EX ...