Recon(US:RCON) Jin Rong Jie·2025-08-08 14:09Core Viewpoint - RCON experienced a 5.47% increase in stock price, reaching $2.70 per share, with a total market capitalization of approximately $82.69 million as of August 8 [1] Financial Performance - As of December 31, 2024, RCON reported total revenue of approximately 42.07 million RMB, reflecting a year-on-year decrease of 7.04% [1] - The company recorded a net loss attributable to shareholders of approximately 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 oil and gas companies in China, aimed at improving the efficiency of oil and gas production and transportation [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]