Recon(US:RCON) Jin Rong Jie·2025-08-20 14:03Core Viewpoint - RCON, a leading Chinese oilfield service company, is experiencing a decline in revenue while showing an increase in net profit, indicating a potential shift in operational efficiency and cost management strategies [1] Financial Performance - As of December 31, 2024, RCON reported total revenue of 42.0693 million RMB, a year-on-year decrease of 7.04% [1] - The company recorded a net loss attributable to shareholders of 20.5883 million RMB, which represents a year-on-year increase of 8.72% [1] Company Overview - RCON specializes in the research 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 oil and gas production and transportation efficiency [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]