Recon Technology: FY revenue jumps 65.8% on overseas oilfield projects, loss narrows

China oilfield services integrator Recon Technology's fiscal 2026 revenue rose 65.8% year-over-year, with gross margin improving to 33.2% from 23.0%. The company narrowed its net loss, driven by overseas project growth and margin gains. Recon plans to bring its chemical recycling plant to commercial production in fiscal 2027.