0001442620--06-302025Q2false2024-12-31Recon Technology, Ltd00014426202024-07-012024-12-310001442620us-gaap:CommonClassBMember2024-07-012024-12-310001442620us-gaap:CommonClassAMember2024-07-012024-12-310001442620us-gaap:CommonClassBMember2023-07-012023-12-310001442620us-gaap:CommonClassAMember2023-07-012023-12-310001442620rcon:Warrant2021Memberus-gaap:MeasurementInputSharePriceMember2024-12-310001442620rcon:Warrant2021Memberus-gaap:MeasurementInputRiskFreeInterestRateMember2024-12-310001442620rcon:Warrant2021Memberus-gaap:MeasurementInputPriceVolatilityMember2024-12-310001442620rcon:Warrant2021Memberus-gaap:MeasurementInputExpectedTermMember2024-12-310001442620rcon:Warrant2021Memberus-gaap:MeasurementInputExercisePriceMember2024-12-310001442620rcon:Warrant2021Memberus-gaap:MeasurementInputSharePriceMember2024-06-300001442620rcon:Warrant2021Memberus-gaap:MeasurementInputRiskFreeInterestRateMember2024-06-300001442620rcon:Warrant2021Memberus-gaap:MeasurementInputPriceVolatilityMember2024-06-300001442620rcon:Warrant2021Memberus-gaap:MeasurementInputExpectedTermMember2024-06-300001442620rcon:Warrant2021Memberus-gaap:MeasurementInputExercisePriceMember2024-06-3000014426202021-06-300001442620rcon:QingHaiBHDNewEnergyTechnologyCoLtdMember2024-07-012024-12-310001442620rcon:QingHaiBHDNewEnergyTechnologyCoLtdMember2018-10-232018-10-230001442620rcon:SeniorManagerMemberus-gaap:RestrictedStockMember2023-07-012023-12-310001442620us-gaap:RestrictedStockMember2023-07-012023-12-310001442620us-gaap:EmployeeStockOptionMember2023-07-012023-12-310001442620rcon:Post2024ReverseStockSplitMember2021-08-212021-08-210001442620rcon:FutureGasStationBeijingTechnologyLtdMemberrcon:Post2024ReverseStockSplitMemberus-gaap:CommonClassAMember2018-08-212018-08-210001442620rcon:FutureGasStationBeijingTechnologyLtdMemberus-gaap:CommonClassAMember2018-08-212018-08-2100014426202018-08-212018-08-210001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2022-01-012022-01-310001442620us-gaap:RestrictedStockMember2022-01-012022-01-310001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2021-12-102021-12-100001442620us-gaap:RestrictedStockMember2021-12-102021-12-100001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2021-11-102021-11-100001442620us-gaap:RestrictedStockMember2021-11-102021-11-100001442620rcon:Post2024ReverseStockSplitMemberrcon:PreFundedWarrantsMember2023-10-162023-10-160001442620rcon:PreFundedWarrantsMember2023-10-162023-10-160001442620rcon:Post2024ReverseStockSplitMemberus-gaap:CommonClassAMember2023-03-152023-03-150001442620rcon:Post2024ReverseStockSplitMemberrcon:PreFundedWarrantsMember2023-03-152023-03-150001442620us-gaap:CommonClassAMember2023-03-152023-03-150001442620rcon:Post2024ReverseStockSplitMemberrcon:EmployeeMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2023-03-152023-03-150001442620rcon:EmployeeMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2023-03-152023-03-150001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2023-03-152023-03-150001442620us-gaap:RestrictedStockMember2023-03-152023-03-150001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2022-01-052022-01-050001442620us-gaap:RestrictedStockMember2022-01-052022-01-050001442620us-gaap:RestrictedStockMember2024-05-012024-05-010001442620us-gaap:CommonClassBMember2024-05-012024-05-010001442620us-gaap:CommonClassAMember2024-05-012024-05-010001442620rcon:PreFundedWarrantsMember2024-05-012024-05-010001442620us-gaap:CommonClassAMember2024-03-292024-03-290001442620us-gaap:RetainedEarningsMember2024-12-310001442620us-gaap:ParentMember2024-12-310001442620us-gaap:NoncontrollingInterestMember2024-12-310001442620us-gaap:AdditionalPaidInCapitalMember2024-12-310001442620us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001442620rcon:StatutoryReservesMember2024-12-310001442620us-gaap:RetainedEarningsMember2024-06-300001442620us-gaap:ParentMember2024-06-300001442620us-gaap:NoncontrollingInterestMember2024-06-300001442620us-gaap:AdditionalPaidInCapitalMember2024-06-300001442620us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001442620rcon:StatutoryReservesMember2024-06-300001442620us-gaap:RetainedEarningsMember2023-12-310001442620us-gaap:ParentMember2023-12-310001442620us-gaap:NoncontrollingInterestMember2023-12-310001442620us-gaap:AdditionalPaidInCapitalMember2023-12-310001442620us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001442620rcon:StatutoryReservesMember2023-12-310001442620us-gaap:RetainedEarningsMember2023-06-300001442620us-gaap:ParentMember2023-06-300001442620us-gaap:NoncontrollingInterestMember2023-06-300001442620us-gaap:AdditionalPaidInCapitalMember2023-06-300001442620us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300001442620rcon:StatutoryReservesMember2023-06-300001442620rcon:LoanFromIndustrialAndCommercialBankOfChinaTwoMember2024-12-310001442620rcon:LoanFromIndustrialAndCommercialBankOfChinaMember2024-12-310001442620rcon:LoanFromChinaConstructionBankMember2024-12-310001442620rcon:LoanFromIndustrialAndCommercialBankOfChinaTwoMember2024-06-300001442620rcon:LoanFromIndustrialAndCommercialBankOfChinaMember2024-06-300001442620rcon:LoanFromChinaConstructionBankMember2024-06-300001442620rcon:BankOfKunlunMember2024-06-300001442620rcon:SeniorManagerMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassBMember2024-12-310001442620us-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2024-12-310001442620us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-12-310001442620us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-12-310001442620us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-06-300001442620us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-06-300001442620rcon:SeniorManagerMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassBMember2023-12-310001442620us-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2023-12-310001442620us-gaap:CommonClassBMemberus-gaap:CommonStockMember2023-12-310001442620us-gaap:CommonClassAMemberus-gaap:CommonStockMember2023-12-310001442620us-gaap:RestrictedStockMember2023-12-310001442620us-gaap:CommonClassBMemberus-gaap:CommonStockMember2023-06-300001442620us-gaap:CommonClassAMemberus-gaap:CommonStockMember2023-06-300001442620us-gaap:RestrictedStockMemberus-gaap:CommonClassBMember2024-02-260001442620rcon:Post2024ReverseStockSplitMemberrcon:FutureGasStationBeijingTechnologyLtdMember2021-01-130001442620rcon:Post2024ReverseStockSplitMemberrcon:EmployeeMemberus-gaap:RestrictedStockMember2024-12-310001442620rcon:EmployeeMemberus-gaap:RestrictedStockMember2024-12-310001442620rcon:StockOptionOneMember2024-07-012024-12-310001442620rcon:StockOptionOneMember2024-12-310001442620us-gaap:RestrictedStockMember2024-06-300001442620us-gaap:RestrictedStockMember2023-06-300001442620us-gaap:RestrictedStockMember2024-07-012024-12-310001442620rcon:Post2024ReverseStockSplitMemberrcon:ManagementAndStaffsMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2024-02-262024-02-260001442620us-gaap:RestrictedStockMember2023-07-012024-06-300001442620rcon:Post2024ReverseStockSplitMemberrcon:EmployeeMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2023-03-150001442620rcon:EmployeeMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2023-03-150001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2023-03-150001442620us-gaap:RestrictedStockMember2023-03-150001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2022-01-050001442620us-gaap:RestrictedStockMember2022-01-050001442620rcon:EmployeeMemberus-gaap:RestrictedStockMember2022-02-282022-02-280001442620rcon:Post2024ReverseStockSplitMemberrcon:EmployeeMemberus-gaap:RestrictedStockMember2024-07-012024-12-310001442620rcon:EmployeeMemberus-gaap:RestrictedStockMember2024-07-012024-12-310001442620rcon:FairValueTwoMemberus-gaap:RestrictedStockMember2024-12-310001442620rcon:FairValueOneMemberus-gaap:RestrictedStockMember2024-12-310001442620us-gaap:RestrictedStockMember2024-12-310001442620us-gaap:RestrictedStockMemberus-gaap:CommonClassBMember2024-02-262024-02-260001442620rcon:SeniorManagerMemberus-gaap:RestrictedStockMember2023-03-092023-03-090001442620rcon:Post2024ReverseStockSplitMemberrcon:EmployeeMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2022-02-282022-02-280001442620rcon:EmployeeMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2022-02-282022-02-280001442620rcon:SeniorManagerMemberus-gaap:RestrictedStockMember2022-02-282022-02-280001442620us-gaap:EmployeeStockOptionMember2024-07-012024-12-310001442620rcon:PlatformOutsourcingServicesMemberus-gaap:TransferredOverTimeMember2024-07-012024-12-310001442620rcon:PlatformOutsourcingServicesMemberus-gaap:TransferredAtPointInTimeMember2024-07-012024-12-310001442620rcon:OilfieldEnvironmentalProtectionMemberus-gaap:TransferredAtPointInTimeMember2024-07-012024-12-310001442620rcon:EquipmentAndAccessoriesMemberus-gaap:TransferredAtPointInTimeMember2024-07-012024-12-310001442620rcon:AutomationProductAndSoftwareMemberus-gaap:TransferredOverTimeMember2024-07-012024-12-310001442620rcon:AutomationProductAndSoftwareMemberus-gaap:TransferredAtPointInTimeMember2024-07-012024-12-310001442620us-gaap:TransferredOverTimeMember2024-07-012024-12-310001442620us-gaap:TransferredAtPointInTimeMember2024-07-012024-12-310001442620rcon:PlatformOutsourcingServicesMemberus-gaap:TransferredOverTimeMember2023-07-012023-12-310001442620rcon:PlatformOutsourcingServicesMemberus-gaap:TransferredAtPointInTimeMember2023-07-012023-12-310001442620rcon:OilfieldEnvironmentalProtectionMemberus-gaap:TransferredAtPointInTimeMember2023-07-012023-12-310001442620rcon:EquipmentAndAccessoriesMemberus-gaap:TransferredAtPointInTimeMember2023-07-012023-12-310001442620rcon:AutomationProductAndSoftwareMemberus-gaap:TransferredOverTimeMember2023-07-012023-12-310001442620rcon:AutomationProductAndSoftwareMemberus-gaap:TransferredAtPointInTimeMember2023-07-012023-12-310001442620us-gaap:TransferredOverTimeMember2023-07-012023-12-310001442620us-gaap:TransferredAtPointInTimeMember2023-07-012023-12-310001442620us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-07-012024-12-310001442620srt:MinimumMemberus-gaap:VehiclesMember2024-12-310001442620srt:MinimumMemberus-gaap:OfficeEquipmentMember2024-12-310001442620srt:MaximumMemberus-gaap:VehiclesMember2024-12-310001442620srt:MaximumMemberus-gaap:OfficeEquipmentMember2024-12-310001442620us-gaap:EquipmentMember2024-12-310001442620rcon:UtilitiesAndFacilitiesMember2024-12-310001442620rcon:PreFundedWarrantsMember2023-03-152023-03-1500014426202024-12-312024-12-310001442620us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-07-012024-12-310001442620us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-12-310001442620us-gaap:PurchaseCommitmentMember2024-12-310001442620us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2024-07-012024-12-310001442620us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-07-012023-12-310001442620rcon:GanSuBhdEnvironmentalTechnologyCoLtdMemberrcon:NanjingReconTechnologyCoLtdMember2024-12-310001442620rcon:QinghaiBHDMember2024-06-300001442620srt:MinimumMember2024-12-310001442620srt:MaximumMember2024-12-310001442620rcon:OfficeLeasesCommitmentMember2024-12-310001442620rcon:ShortTermBorrowingsMember2024-07-012024-12-310001442620rcon:ShortTermBorrowingsMember2023-07-012023-12-310001442620us-gaap:RelatedPartyMember2023-07-012023-12-310001442620rcon:FutureGasStationBeijingTechnologyLtdMemberus-gaap:CustomerRelationshipsMember2024-07-012024-12-310001442620rcon:FutureGasStationBeijingTechnologyLtdMemberus-gaap:CustomerRelationshipsMember2023-07-012023-12-310001442620rcon:FutureGasStationBeijingTechnologyLtdMember2023-07-012023-12-310001442620rcon:BeijingBhdPetroleumTechnologyCoLtdMemberrcon:GanSuBhdEnvironmentalTechnologyCoLtdMember2024-12-310001442620rcon:BeijingBhdPetroleumTechnologyCoLtdMember2024-12-310001442620rcon:QingHaiBHDNewEnergyTechnologyCoLtdMember2018-10-230001442620rcon:FutureGasStationBeijingTechnologyLtdMember2018-08-212018-08-210001442620rcon:SeniorManagerMemberus-gaap:RestrictedStockMember2024-07-012024-12-310001442620rcon:FairValueTwoMemberus-gaap:RestrictedStockMember2024-07-012024-12-310001442620rcon:FairValueOneMemberus-gaap:RestrictedStockMember2024-07-012024-12-310001442620rcon:NanjingReconTechnologyCoLtdMember2024-07-012024-12-310001442620rcon:BeijingBhdPetroleumTechnologyCoLtdMember2024-07-012024-12-310001442620rcon:ChemicalRecycleMember2024-07-012024-12-310001442620rcon:LongTermBorrowingsMemberus-gaap:RelatedPartyMember2024-07-012024-12-310001442620us-gaap:RevolvingCreditFacilityMemberrcon:LoanFromIndustrialAndCommercialBankOfChinaMember2024-06-252024-06-250001442620us-gaap:RevolvingCreditFacilityMemberrcon:LoanFromChinaConstructionBankMember2024-06-112024-06-110001442620rcon:FoundersMember2024-05-292024-05-290001442620rcon:LongTermBorrowingsMemberus-gaap:RelatedPartyMember2023-07-012024-06-300001442620rcon:BankOfKunlunMember2022-08-312022-08-310001442620rcon:LongTermBorrowingsMemberus-gaap:RelatedPartyMember2024-12-310001442620rcon:LongTermBorrowingsMemberus-gaap:RelatedPartyMember2024-06-300001442620us-gaap:RevolvingCreditFacilityMemberrcon:LoanFromIndustrialAndCommercialBankOfChinaTwoMember2024-06-180001442620rcon:FoundersMember2024-05-290001442620rcon:ShortTermBorrowingsTwoMember2024-07-012024-12-310001442620rcon:ShortTermBorrowingsOneMember2024-07-012024-12-310001442620us-gaap:RevolvingCreditFacilityMemberrcon:LoanFromChinaConstructionBankMember2024-06-110001442620us-gaap:RevolvingCreditFacilityMemberrcon:LoanFromIndustrialAndCommercialBankOfChinaMember2024-06-250001442620rcon:BankOfKunlunMember2022-08-310001442620rcon:PlatformOutsourcingServicesMember2024-07-012024-12-310001442620rcon:OilfieldEnvironmentalProtectionMember2024-07-012024-12-310001442620rcon:EquipmentAndAccessoriesMember2024-07-012024-12-310001442620rcon:AutomationProductAndSoftwareMember2024-07-012024-12-310001442620rcon:PlatformOutsourcingServicesMember2023-07-012023-12-310001442620rcon:OilfieldEnvironmentalProtectionMember2023-07-012023-12-310001442620rcon:EquipmentAndAccessoriesMember2023-07-012023-12-310001442620rcon:AutomationProductAndSoftwareMember2023-07-012023-12-310001442620rcon:SinopecMemberus-gaap:RevenueFromContractWithCustomerMemberus-gaap:CustomerConcentrationRiskMember2024-07-012024-12-310001442620rcon:SinopecMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2024-07-012024-12-310001442620rcon:CnoocMemberus-gaap:RevenueFromContractWithCustomerMemberus-gaap:CustomerConcentrationRiskMember2024-07-012024-12-310001442620rcon:CnoocMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2024-07-012024-12-310001442620rcon:ChinaNationalPetroleumCorporationMemberus-gaap:RevenueFromContractWithCustomerMemberus-gaap:CustomerConcentrationRiskMember2024-07-012024-12-310001442620rcon:ChinaNationalPetroleumCorporationMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2024-07-012024-12-310001442620rcon:AnotherCustomerMemberus-gaap:RevenueFromContractWithCustomerMemberus-gaap:CustomerConcentrationRiskMember2024-07-012024-12-310001442620rcon:AnotherCustomerMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2024-07-012024-12-310001442620rcon:SinopecMemberus-gaap:RevenueFromContractWithCustomerMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-12-310001442620rcon:SinopecMemberus-gaap:AccountsReceivableMemberrcon:CustomerOneMember2023-07-012023-12-310001442620rcon:CnoocMemberus-gaap:RevenueFromContractWithCustomerMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-12-310001442620rcon:CnoocMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-12-310001442620rcon:ChinaNationalPetroleumCorporationMemberus-gaap:RevenueFromContractWithCustomerMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-12-310001442620rcon:ChinaNationalPetroleumCorporationMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-12-310001442620rcon:AnotherCustomerMemberus-gaap:RevenueFromContractWithCustomerMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-12-310001442620rcon:AnotherCustomerMemberus-gaap:AccountsReceivableMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-12-310001442620rcon:Post2024ReverseStockSplitMemberus-gaap:CommonClassAMember2024-05-010001442620us-gaap:CommonClassAMember2024-05-010001442620rcon:Post2024ReverseStockSplitMemberus-gaap:CommonClassAMember2023-10-160001442620us-gaap:CommonClassAMember2023-10-160001442620srt:ParentCompanyMemberus-gaap:CommonClassBMember2024-12-310001442620srt:ParentCompanyMemberus-gaap:CommonClassAMember2024-12-310001442620us-gaap:CommonClassBMember2024-12-310001442620us-gaap:CommonClassAMember2024-12-310001442620srt:ParentCompanyMemberus-gaap:CommonClassBMember2024-06-300001442620srt:ParentCompanyMemberus-gaap:CommonClassAMember2024-06-300001442620us-gaap:CommonClassBMember2024-06-300001442620us-gaap:CommonClassBMember2024-03-290001442620us-gaap:CommonClassBMember2024-03-280001442620rcon:Post2024ReverseStockSplitMemberus-gaap:CommonClassAMember2023-03-150001442620us-gaap:CommonClassBMember2023-03-150001442620rcon:Post2024ReverseStockSplitMember2024-12-310001442620rcon:Post2024ReverseStockSplitMemberrcon:PreFundedWarrantsMember2023-03-150001442620rcon:PreFundedWarrantsMember2023-03-150001442620rcon:Post2024ReverseStockSplitMemberus-gaap:CommonClassAMember2021-06-300001442620us-gaap:CommonClassAMember2021-06-300001442620rcon:Post2024ReverseStockSplitMemberus-gaap:CommonClassAMember2024-06-300001442620us-gaap:CommonClassAMember2024-06-300001442620rcon:Post2024ReverseStockSplitMember2023-12-1400014426202023-12-140001442620rcon:Post2024ReverseStockSplitMemberus-gaap:CommonClassAMember2023-06-300001442620us-gaap:CommonClassAMember2023-06-300001442620country:HK2024-06-300001442620country:CN2024-06-300001442620srt:ParentCompanyMember2023-12-310001442620srt:ParentCompanyMember2023-06-3000014426202023-12-3100014426202023-06-300001442620rcon:GuangxiReconRenewableResourcesTechnologyCoLtdMemberrcon:ReconInvestmentLtdMember2024-02-220001442620rcon:QingHaiBHDNewEnergyTechnologyCoLtdMember2017-10-160001442620rcon:GanSuBhdEnvironmentalTechnologyCoLtdMember2017-05-230001442620rcon:FutureGasStationBeijingTechnologyLtdMember2020-07-012021-06-300001442620rcon:DomesticCompaniesMemberrcon:FutureGasStationBeijingTechnologyLtdMemberrcon:FourthSupplementalAgreementMember2021-02-040001442620rcon:DomesticCompaniesMemberrcon:FutureGasStationBeijingTechnologyLtdMemberrcon:InvestmentAgreementMember2019-06-300001442620rcon:DomesticCompaniesMemberrcon:FutureGasStationBeijingTechnologyLtdMemberrcon:InvestmentAgreementMember2018-08-210001442620rcon:DomesticCompaniesMemberrcon:FutureGasStationBeijingTechnologyLtdMemberrcon:FourthSupplementalAgreementMember2018-08-210001442620rcon:DomesticCompaniesMemberrcon:FutureGasStationBeijingTechnologyLtdMember2017-12-150001442620rcon:DomesticCompaniesMemberrcon:FutureGasStationBeijingTechnologyLtdMember2021-02-040001442620rcon:FutureGasStationBeijingTechnologyLtdMember2023-07-012023-12-310001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMemberrcon:FutureGasStationBeijingTechnologyLtdMember2021-01-132021-01-130001442620us-gaap:RestrictedStockMemberrcon:FutureGasStationBeijingTechnologyLtdMember2021-01-132021-01-130001442620rcon:Post2024ReverseStockSplitMemberrcon:FutureGasStationBeijingTechnologyLtdMember2021-01-132021-01-130001442620rcon:PlatformOutsourcingServicesMember2024-12-310001442620rcon:OilfieldEnvironmentalProtectionMember2024-12-310001442620rcon:EquipmentAndAccessoriesMember2024-12-310001442620rcon:ChemicalRecyclingMember2024-12-310001442620rcon:AutomationProductAndSoftwareMember2024-12-310001442620rcon:PlatformOutsourcingServicesMember2024-06-300001442620rcon:OilfieldEnvironmentalProtectionMember2024-06-300001442620rcon:EquipmentAndAccessoriesMember2024-06-300001442620rcon:ChemicalRecyclingMember2024-06-300001442620rcon:AutomationProductAndSoftwareMember2024-06-300001442620us-gaap:NonrelatedPartyMember2023-06-300001442620rcon:FutureGasStationBeijingTechnologyLtdMember2024-07-012024-12-310001442620us-gaap:WarrantMember2024-07-012024-12-310001442620us-gaap:WarrantMember2022-07-012023-06-3000014426202022-07-012023-06-300001442620us-gaap:WarrantMember2024-12-310001442620us-gaap:WarrantMember2024-06-300001442620us-gaap:WarrantMember2023-06-300001442620rcon:PreFundedWarrantsMember2023-06-300001442620us-gaap:FairValueInputsLevel3Member2024-12-310001442620us-gaap:FairValueInputsLevel3Member2024-06-300001442620rcon:Warrant2021Member2024-12-310001442620rcon:Warrant2021Member2024-06-300001442620us-gaap:AdditionalPaidInCapitalMember2023-07-012023-12-310001442620us-gaap:CommonClassAMemberus-gaap:CommonStockMember2023-07-012023-12-310001442620rcon:ShortTermBorrowingsTwoMember2024-12-310001442620rcon:ShortTermBorrowingsOneMember2024-06-300001442620rcon:ManagementAndStaffsMemberus-gaap:RestrictedStockMemberus-gaap:CommonClassAMember2024-02-262024-02-260001442620rcon:SeniorManagerMemberus-gaap:RestrictedStockMember2023-03-090001442620rcon:Post2024ReverseStockSplitMemberrcon:EmployeeMemberus-gaap:RestrictedStockMember2022-02-280001442620rcon:SeniorManagerMemberus-gaap:RestrictedStockMember2022-02-280001442620rcon:EmployeeMemberus-gaap:RestrictedStockMember2022-02-280001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2021-12-310001442620us-gaap:RestrictedStockMember2021-12-310001442620rcon:Post2024ReverseStockSplitMemberus-gaap:RestrictedStockMember2021-12-100001442620us-gaap:RestrictedStockMember2021-12-100001442620rcon:IndividualsMember2024-12-310001442620us-gaap:VehiclesMember2024-12-310001442620us-gaap:OtherMachineryAndEquipmentMember2024-12-310001442620us-gaap:OfficeEquipmentMember2024-12-310001442620us-gaap:LeaseholdImprovementsMember2024-12-310001442620us-gaap:VehiclesMember2024-06-300001442620us-gaap:OtherMachineryAndEquipmentMember2024-06-300001442620us-gaap:OfficeEquipmentMember2024-06-300001442620us-gaap:LeaseholdImprovementsMember2024-06-300001442620rcon:GanSuBhdEnvironmentalTechnologyCoLtdMemberrcon:NanjingReconTechnologyCoLtdMember2021-05-192021-05-190001442620rcon:GanSuBhdEnvironmentalTechnologyCoLtdMemberrcon:BeijingBhdPetroleumTechnologyCoLtdMember2021-05-192021-05-190001442620rcon:GanSuBhdEnvironmentalTechnologyCoLtdMemberrcon:BeijingBhdPetroleumTechnologyCoLtdMember2021-04-262021-04-260001442620rcon:GanSuBhdEnvironmentalTechnologyCoLtdMemberrcon:BeijingBhdPetroleumTechnologyCoLtdMember2017-09-252017-09-250001442620us-gaap:SubsequentEventMember2025-03-280001442620rcon:GanSuBHDMember2024-06-300001442620rcon:GuangxiReconRenewableResourcesTechnologyCoLtdMemberrcon:ReconInvestmentLtdMember2024-12-310001442620rcon:QingHaiBHDNewEnergyTechnologyCoLtdMember2024-12-310001442620rcon:GanSuBhdEnvironmentalTechnologyCoLtdMember2024-12-310001442620rcon:BeijingBhdPetroleumTechnologyCoLtdMember2024-12-310001442620rcon:ShandongReconRenewableResourcesTechnologyC0LtdMemberrcon:ReconInvestmentLtdMember2023-10-100001442620us-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:MaximumMember2024-12-3100014426202024-05-012024-05-010001442620us-gaap:RetainedEarningsMember2024-07-012024-12-310001442620us-gaap:NoncontrollingInterestMember2024-07-012024-12-310001442620us-gaap:RetainedEarningsMember2023-07-012023-12-310001442620us-gaap:ParentMember2023-07-012023-12-310001442620us-gaap:NoncontrollingInterestMember2023-07-012023-12-310001442620us-gaap:RelatedPartyMember2024-07-012024-12-310001442620country:HK2024-12-310001442620country:CN2024-12-310001442620rcon:FounderTwoMember2024-07-012024-12-310001442620rcon:FounderThreeMember2024-07-012024-12-310001442620rcon:FounderOneMember2024-07-012024-12-310001442620srt:ParentCompanyMember2024-12-310001442620srt:ParentCompanyMember2024-06-300001442620us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2024-12-310001442620us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2024-06-300001442620rcon:FutureGasStationBeijingTechnologyLtdMember2024-07-012024-12-310001442620us-gaap:NonrelatedPartyMember2024-12-310001442620us-gaap:NonrelatedPartyMember2024-06-300001442620rcon:FutureGasStationBeijingTechnologyLtdMember2021-01-130001442620srt:MinimumMemberrcon:FutureGasStationBeijingTechnologyLtdMember2018-08-210001442620srt:MaximumMemberrcon:FutureGasStationBeijingTechnologyLtdMember2018-08-210001442620srt:ParentCompanyMember2024-07-012024-12-310001442620srt:ParentCompanyMember2023-07-012023-12-310001442620us-gaap:RelatedPartyMember2024-12-310001442620us-gaap:RelatedPartyMember2024-06-3000014426202020-12-3100014426202018-08-2100014426202023-07-012024-06-300001442620us-gaap:CommonClassAMember2024-03-290001442620us-gaap:CommonClassAMember2024-03-280001442620rcon:DomesticCompaniesMemberrcon:Post2024ReverseStockSplitMemberrcon:FutureGasStationBeijingTechnologyLtdMemberrcon:InvestmentAgreementMember2019-06-302019-06-300001442620rcon:DomesticCompaniesMemberrcon:FutureGasStationBeijingTechnologyLtdMemberrcon:InvestmentAgreementMember2019-06-302019-06-300001442620rcon:DomesticCompaniesMemberrcon:Post2024ReverseStockSplitMemberrcon:FutureGasStationBeijingTechnologyLtdMemberrcon:InvestmentAgreementMember2018-08-212018-08-210001442620rcon:DomesticCompaniesMemberrcon:FutureGasStationBeijingTechnologyLtdMemberrcon:InvestmentAgreementMember2018-08-212018-08-210001442620rcon:ShortTermBorrowingsMember2024-12-310001442620rcon:ShortTermBorrowingsMember2024-06-300001442620us-gaap:WarrantMember2023-07-012024-06-300001442620rcon:PreFundedWarrantsMember2023-07-012024-06-300001442620us-gaap:CommonClassBMember2024-05-010001442620rcon:FutureGasStationBeijingTechnologyLtdMember2024-12-310001442620rcon:FutureGasStationBeijingTechnologyLtdMember2024-06-300001442620rcon:FutureGasStationBeijingTechnologyLtdMember2021-01-130001442620rcon:FutureGasStationBeijingTechnologyLtdMember2021-01-132021-01-130001442620us-gaap:ParentMember2024-07-012024-12-310001442620us-gaap:AdditionalPaidInCapitalMember2024-07-012024-12-310001442620rcon:QinghaiBHDMember2024-12-310001442620rcon:NanjingReconMember2024-12-310001442620rcon:GanSuBHDMember2024-12-310001442620rcon:BhdMember2024-12-310001442620rcon:NanjingReconMember2024-06-300001442620rcon:BhdMember2024-06-300001442620rcon:FutureGasStationBeijingTechnologyLtdMember2024-12-3100014426202024-12-3100014426202024-06-300001442620us-gaap:NonrelatedPartyMember2024-07-012024-12-310001442620us-gaap:NonrelatedPartyMember2023-07-012024-06-3000014426202023-07-012023-12-31rcon:Yiso4217:CNYiso4217:USDxbrli:sharesxbrli:purercon:itemiso4217:HKDiso4217:USDxbrli:sharesiso4217:CNYxbrli:sharesrcon:segment

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2025

 

Commission File Number: 001-34409

RECON TECHNOLOGY, LTD

Room 601, No. 1 Shui’an South Street Chaoyang District, Beijing, 100012

People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  

Form 40-F  

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Explanatory Note:

The Registrant is filing this Report on Form 6-K to report its financial results for the six months ended December 31, 2024 and to discuss its recent corporate developments.

Attached as exhibits to this Report on Form 6-K are:

(1) the unaudited condensed interim consolidated financial statements and related notes as Exhibit 99.1;

(2) Management’s Discussion and Analysis of Financial Condition and Results of Operations as Exhibit 99.2;

(3) the press release dated March 31, 2025 titled “Recon Technology Reports Financial Results for the First Six Months of Fiscal Year 2025” as Exhibit 99.3;

(4) Interactive Data File disclosure as Exhibit 101 in accordance with Rule 405 of Regulation S-T.

This report on Form 6-K is hereby incorporated by reference into the Company’s:

(i) Registration Statement on Form S-8 (file No. 333-228918) filed with SEC on December 20, 2018 and the reoffer prospectus, dated December 20, 2018, contained therein.

(ii) Registration Statement on Form S-8 (file No. 333-284867) filed with SEC on February 12, 2025.

(iii) Registration Statement on Form F-3 (file No. 333-257806) filed with SEC on July 09, 2022 and declared effective on September 30, 2022.

(iv) Registration Statement on Form F-3 (file No. 333-268657) filed with SEC on December 02, 2022 and declared effective on January 05, 2023.

2

Exhibit Index:

99.1

    

Unaudited Condensed Consolidated Interim Financial Statements and Related Notes for the Six Months Ended December 31, 2024 and 2023.

99.2

Management’s Discussion and Analysis of Financial Condition and Results of Operations.

99.3

Press release dated March 31, 2025 titled “Recon Technology Reports Financial Results for the First Six Months of Fiscal Year 2025.”

101.INS

XBRL Instance Document.

101.SCH

XBRL Taxonomy Extension Schema Document.

101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF

XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB

XBRL Taxonomy Extension Labels Linkbase Document.

101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document.

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

    

RECON TECHNOLOGY, LTD

March 31, 2025

By:

/s/ Shenping Yin

Shenping Yin

Chief Executive Officer

(Principal Executive Officer) and

Duly Authorized Officer

4