Recon Technology awarded $5.85M contract for large mid-Asia gas field
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2025
0mins
Contract Award: Recon Technology's domestic affiliate has secured contracts worth approximately $5.85 million to upgrade automation systems for a large Asian gas field.
Project Timeline: The services related to these contracts are expected to be completed within the next calendar year.
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Analyst Views on RCON
About RCON
Recon Technology Ltd is a holding company mainly engaged in the research, development and sales of oilfield automation products, oilfield production enhancement measures and special equipment. The Company operates four segments. The Automation Product and Software segment mainly provides pumping unit controller, remote terminal unit (RTU) used to monitor natural gas wells, wireless dynamometer and wireless pressure gauge, and natural gas flow computer system. The Equipment and Accessories segment mainly provides heating furnaces and burner for oil and gas production and transportation. The Oilfield Environmental Protection segment provides wastewater treatment products and related service, as well as oily sludge disposal and treatment services to oilfield companies. The Platform Outsourcing Services segment provides online platform development and maintenance services to gas stations, and application programming interface (API) port export services and related maintenance services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Improved Gross Margin: The gross margin improved from 31.7% in 2024 to 33.5% in 2025, demonstrating significant progress in enhancing profitability and strengthening the company's competitive position in the market.
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- Improved Gross Margin: The gross margin increased from 31.7% to 33.5%, with gross profit reaching RMB 28.5 million, reflecting successful cost control and operational efficiency improvements, further solidifying its industry standing.
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