Recon Technology Files 20-F/A Amendment

TL;DR

RCON filed an amended 20-F for FY23, showing $7.1M assets vs $4.1M liabilities.

AI Summary

Recon Technology, Ltd. filed a 20-F/A amendment on May 24, 2024, related to their fiscal year ending June 30, 2023. The filing includes financial data such as total assets of $7.1 million and total liabilities of $4.1 million for the period. It also details share information, including common class A and B members, and references warrants issued in 2021 and 2023.

Why It Matters

This amendment provides updated financial information and disclosures for Recon Technology, Ltd., which is crucial for investors to assess the company's financial health and performance.

Risk Assessment

Risk Level: medium — The filing is an amendment to a previous report, suggesting potential corrections or updates to previously disclosed information, which can introduce uncertainty.

Key Numbers

• $7.1M — Total Assets (As of the fiscal year ending June 30, 2023)
• $4.1M — Total Liabilities (As of the fiscal year ending June 30, 2023)
• 20230630 — Fiscal Year End (The reporting period for the amended filing)

Key Players & Entities

• Recon Technology, Ltd. (company) — Filer of the 20-F/A amendment
• 0001410578-24-000966 (filing_id) — Accession number for the filing
• 20240524 (date) — Filing date of the amendment
• 0630 (date) — Fiscal year end date
• 7100000 (dollar_amount) — Total assets for the fiscal year
• 4100000 (dollar_amount) — Total liabilities for the fiscal year

FAQ

Key Financial Figures

• $0.0001 — h registered Class A Ordinary Shares, $0.0001 par value per share* NASDAQ Capital M
• $15,725,000 — ed its authorized share capital from: US$15,725,000 divided into 150,000,000 Class A Ordina
• $0.0925 — y Shares of a nominal or par value of US$0.0925 each, and 20,000,000 Class B Ordinary S
• $58,000 — l or par value of US$0.0925 each, to: US$58,000 divided into 500,000,000 Class A Ordina

Filing Documents

• rcon-20230630x20fa.htm (20-F/A) — 5083KB
• rcon-20230630xex1d15.htm (EX-1.1_5) — 208KB
• rcon-20230630xex1d16.htm (EX-1.1_6) — 19KB
• rcon-20230630xex12d1.htm (EX-12.1) — 10KB
• rcon-20230630xex12d2.htm (EX-12.2) — 10KB
• rcon-20230630xex13d1.htm (EX-13.1) — 6KB
• rcon-20230630xex13d2.htm (EX-13.2) — 6KB
• rcon-20230630xex15d1.htm (EX-15.1) — 4KB
• rcon-20230630xex15d2.htm (EX-15.2) — 2KB
• rcon-20230630x20fa005.jpg (GRAPHIC) — 5KB
• rcon-20230630x20fa006.jpg (GRAPHIC) — 14KB
• rcon-20230630x20fa007.jpg (GRAPHIC) — 9KB
• rcon-20230630xex15d1001.jpg (GRAPHIC) — 8KB
• rcon-20230630xex15d2001.jpg (GRAPHIC) — 5KB
• 0001410578-24-000966.txt ( ) — 22532KB
• rcon-20230630.xsd (EX-101.SCH) — 128KB
• rcon-20230630_cal.xml (EX-101.CAL) — 128KB
• rcon-20230630_def.xml (EX-101.DEF) — 528KB
• rcon-20230630_lab.xml (EX-101.LAB) — 948KB
• rcon-20230630_pre.xml (EX-101.PRE) — 842KB
• rcon-20230630x20fa_htm.xml (XML) — 5163KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934). Yes No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

KEY INFORMATION

ITEM 3. KEY INFORMATION A. Selected Financial Data The following table presents the selected consolidated financial information for our company. The selected consolidated statements of operations data for the three years ended June 30, 2021, 2022 and 2023 and the consolidated balance sheet data as of June 30, 2021, 2022, and 2023 have been derived from our audited consolidated financial statements set forth in "Item 18 – Financial Statements". The selected consolidated balance sheet data for the year ended June 30, 2021 have been derived from our audited consolidated balance sheet as of June 30, 2021, which is not included in this annual report. Our historical results do not necessarily indicate results expected for any future periods. The selected consolidated financial data should be read in conjunction with, and are qualified in their entirety by reference to, our audited consolidated financial statements and related notes and "Item 5. Operating and Financial Review and Prospects" below. Our audited consolidated financial statements are prepared and presented in accordance with Generally Accepted Accounting Principles in the United States of America, or U.S. GAAP. Following the one-for-five reverse stock split of our Class A Ordinary Shares effective on December 27, 2019, and following the dual class structure divided into Class A Ordinary Shares and Class B Ordinary Shares effective on April 5, 2021, and 2024 Reverse Split, all share and per share amounts disclosed throughout this annual report, in the table below and in our consolidated financial statements have been retroactively updated to reflect this change in capital structure, unless otherwise indicated. Please see "Item 4. Information on the Company—History and Development of the Company". (All amounts in thousands of Renminbi, except Dividend per share in U.S. dollars and Shares outstanding) For the years ended June 30, 2023 2022 2021 RMB RMB RMB Rev

View Full Filing

View this 20-F/A filing on SEC EDGAR