Recon Technology Files 2024 Annual Report

TL;DR

Recon Tech's 20-F is in, check out their financials for FY24 ending June 30.

AI Summary

Recon Technology, Ltd. filed its annual 20-F report for the fiscal year ending June 30, 2024. The filing details the company's financial performance and business operations, including information on its incorporation in E9 and its principal business address in Beijing, China. The report covers financial data and disclosures relevant to its status as a foreign private issuer.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Recon Technology's financial health and operational status for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — As a foreign private issuer, Recon Technology's 20-F filing provides insights into its operations, but the inherent risks of international business and the oil/gas field services sector can impact its performance.

Key Numbers

• 0630 — Fiscal Year End (Indicates the end of the reporting period for the 20-F filing.)
• 001-34409 — SEC File Number (Identifies the specific SEC filing series for Recon Technology.)

Key Players & Entities

• Recon Technology, Ltd (company) — Filer of the 20-F report
• 0001410578-24-001721 (accession_number) — SEC filing accession number
• 20240630 (date) — Fiscal year end date
• 0001442620 (cik) — Central Index Key for Recon Technology, Ltd
• Beijing (location) — City of company's business and mailing address

FAQ

Key Financial Figures

• $0.0001 — h registered Class A Ordinary Shares, $0.0001 par value per share NASDAQ Capital Ma

Filing Documents

• rcon-20240630x20f.htm (20-F) — 6324KB
• rcon-20240630xex1d15.htm (EX-1.1_5) — 200KB
• rcon-20240630xex1d16.htm (EX-1.1_6) — 22KB
• rcon-20240630xex2d2.htm (EX-2.2) — 39KB
• rcon-20240630xex11d2.htm (EX-11.2) — 33KB
• rcon-20240630xex12d1.htm (EX-12.1) — 8KB
• rcon-20240630xex12d2.htm (EX-12.2) — 9KB
• rcon-20240630xex13d1.htm (EX-13.1) — 6KB
• rcon-20240630xex13d2.htm (EX-13.2) — 7KB
• rcon-20240630xex15d1.htm (EX-15.1) — 3KB
• rcon-20240630xex15d2.htm (EX-15.2) — 5KB
• rcon-20240630xex97d1.htm (EX-97.1) — 27KB
• rcon-20240630xex99d1.htm (EX-99.1) — 637KB
• rcon-20240630x20f006.jpg (GRAPHIC) — 37KB
• rcon-20240630x20f007.jpg (GRAPHIC) — 109KB
• rcon-20240630x20f011.jpg (GRAPHIC) — 5KB
• rcon-20240630x20f012.jpg (GRAPHIC) — 14KB
• rcon-20240630x20f013.jpg (GRAPHIC) — 9KB
• rcon-20240630xex15d1001.jpg (GRAPHIC) — 13KB
• rcon-20240630xex15d2001.jpg (GRAPHIC) — 5KB
• rcon-20240630xex15d2002.jpg (GRAPHIC) — 3KB
• 0001410578-24-001721.txt ( ) — 24494KB
• rcon-20240630.xsd (EX-101.SCH) — 122KB
• rcon-20240630_cal.xml (EX-101.CAL) — 122KB
• rcon-20240630_def.xml (EX-101.DEF) — 529KB
• rcon-20240630_lab.xml (EX-101.LAB) — 902KB
• rcon-20240630_pre.xml (EX-101.PRE) — 795KB
• rcon-20240630x20f_htm.xml (XML) — 5029KB

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 Table of Contents Page PART I 5 ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 8 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 8 ITEM 3. KEY INFORMATION 8 ITEM 4. INFORMATION ON THE COMPANY 38 ITEM 4A. UNRESOLVED STAFF COMMENTS 65 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 65 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 81 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 89 ITEM 8. FINANCIAL INFORMATION 91 ITEM 9. THE OFFER AND LISTING 92 ITEM 10. ADDITIONAL INFORMATION 92 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 102 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 103 PART II 103 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 103 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 103 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 103 ITEM 15T.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 106 ITEM 16. [RESERVED] 107 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 107 ITEM 16B. CODE OF ETHICS 107 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 107 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 108 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 108 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 108 ITEM 16G. CORPORATE GOVERNANCE 109 ITEM 16H. MINE SAFETY DISCLOSURE 109 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 109 ITEM 16J . INSIDER TRADING POLICIES 110 ITEM 16K . CYBERSECURITY 110 PART III 111 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 111 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 111 ITEM 19. EXHIBITS 112 3 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-loo

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable for annual reports on Form 20-F.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable for annual reports on Form 20-F.

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, 2022, 2023 and 2024 and the consolidated balance sheet data as of June 30, 2022, 2023 and 2024 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, 2022 have been derived from our audited consolidated balance sheet as of June 30, 2022, 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 Renminbi, except for shares outstanding) For the years ended June 30, 2024 2023 2022 RMB RMB RMB Revenue 68,854,280 67,114,378 83,777,571 Loss

View Full Filing

View this 20-F filing on SEC EDGAR