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Stock impact report

Recon Technology, Ltd. Reports Financial Results for the First Six Months of Fiscal Year 2020

Recon Technology, Ltd. - Class A Ordinary Shares (RCON) 
US:NASDAQ Investor Relations: exac.com/investors
Company Research Source: PR Newswire
NEW YORK, March 18, 2020 /PRNewswire/ -- Recon Technology, Ltd. (Nasdaq: RCON) ("Recon" or the "Company"), today announced its financial results for the first six months of fiscal year 2020.First Six Months of Fiscal 2019 Financial:Total revenues for the six months ended December 31, 2019 decreased by 28.1% to $4.4 million (RMB30.4 million). Total cost of revenues for the six months ended December 31, 2019 decreased by 31.8% to $2.6 million (RMB18.4 million). Gross profit for the six months ended December 31, 2019 was $1.7 million (RMB12.0 million). Gross profit margin for the six months ended December 31, 2019 was 39.4%, an increase of 3.4 percentage points compared to the six months ended December 31, 2018. Net loss attributable to Recon for the six months ended December 31, 2019 was $1.0 million (RMB6.7 million), or $0.22 (RMB1.51) per basic and diluted share, compared to RMB10.1 million, or RMB2.72 per basic and diluted share, for the six months ended December 31, 2018.Management Show less Read more
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