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Recon Technology Ltd

recon.cn

What Do They Do?

Supplies oilfield equipment, automation systems and related products and services to petroleum companies, mainly in China. Develops a waste-plastic chemical recycling business.

Who Are Their Customers?

Works with oil companies and their subsidiaries, petroleum administration bureaus and local service companies. Gas stations buy platform development and maintenance services, while business partners in other industries use its fueling-transaction API services.

Customers above 10% of revenue, FY2025
of revenue from two customers (44%, 17%)
FY2024: 67% from two customers

How Are They Changing?

Gas-station services The older report described gas-station services and data operations; the latest says FGS is shifting its focus to technical support for natural-gas pressure-differential power generation after its gas-station business declined.

Waste-plastic recycling The older report described a plan to buy land and build a chemical-recycling factory in Yulin; the latest describes Recon-SD developing waste-plastic recycling in Weifang, with planned pyrolysis-oil and carbon-residue output.

Solar heating furnaces The older report described Qinghai BHD's solar-energy heating-furnace business; the latest says it ceased major operations and was wound down.

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