Recon Technology Ltd (RCON) |
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Price: $0.1400
$0.00
1.597%
|
Day's High:
| $0.144
| Week Perf:
| -4.18 %
|
Day's Low: |
$ 0.14 |
30 Day Perf: |
-8.79 % |
Volume (M): |
71 |
52 Wk High: |
$ 0.47 |
Volume (M$): |
$ 10 |
52 Wk Avg: |
$0.31 |
Open: |
$0.14 |
52 Wk Low: |
$0.13 |
|
|
Market Capitalization (Millions $) |
5 |
Shares
Outstanding (Millions) |
34 |
Employees |
71 |
Revenues (TTM) (Millions $) |
9 |
Net Income (TTM) (Millions $) |
-8 |
Cash Flow (TTM) (Millions $) |
-29 |
Capital Exp. (TTM) (Millions $) |
0 |
Recon Technology Ltd
The Company serves as the center of strategic management, financial control
and human resources allocation for the Domestic Companies. Through our contractual
relationships with the Domestic Companies, we provide equipment, tools and other
hardware related to oilfield production and management, and develop and sell
our own specialized industrial automation control and information solutions.
However, we do not engage in the production of petroleum or petroleum products.
We believe that one of the most important advancements in China’s petroleum
industry has been the automation of significant segments of the exploration
and extraction process. The Domestic Companies’ and our automation products
and services allow petroleum mining and extraction companies to reduce their
labor requirements and improve the productivity of oilfields. The Domestic Companies’
and our solutions allow our customers to locate productive oilfields more easily
and accurately, improve control over the extraction process, increase oil yield
efficiency in tertiary stage oil recovery, and improve the transportation of
crude oil.
For the most recent few years, our capacity to provide integrated services
has been a significant factor for long-term development. We treat simulation
measures around fracturing as our entry point for our integrated service model.
To date, we have formed new business modules through our own R&D, investment
in service-team building and developed an integrated services solution for stimulation.
China is the world’s second-largest consumer of petroleum products, third-largest
importer of petroleum and sixth-largest producer of petroleum. In the last twenty
years, China’s demand for oil has more than tripled, while its production
of oil has only modestly increased. China became a net importer of petroleum
in 1983, and, since then, oil production in China has been focused on meeting
the country’s domestic oil consumption requirements. The oil industry
in China is dominated by three state-owned holding companies: China National
Petroleum Corporation (“CNPC”), China Petroleum and Chemical Corporation
(“Sinopec”) and China National Offshore Oil Corporation (“CNOOC”).
Foreign companies have also recently become involved in China’s petroleum
industry; however, according to Chinese law, China’s national oil companies
may take a majority (or minority) stake in any commercial discovery. As a result,
the number of major foreign companies involved in the industry is relatively
limited. Major foreign oil companies operating in China include: Agip, Apache,
BP, ChevronTexaco, ConocoPhillips, Eni, ExxonMobil, Husky Energy, Kerr-McGee,
Mitsubishi, Royal Dutch Shell, Saudi Aramco, and Total.
In the past, China’s petroleum companies mined for petroleum by leveraging
the country’s abundance of inexpensive labor, rather than focusing on
developing new technologies. For example, a typical, traditional oilfield with
an annual capacity of 1,000,000 tons would require between 10,000 and 20,000
laborers. By contrast, when Baker CAC automated oil production products were
employed in the mid-1990s to explore and automate Cainan Oil Field, a desert
oilfield in Xinjiang, annual capacity for the field reached 1,500,000 tons,
with only 400 employees needed to manage the oilfield. After the introduction
of Baker CAC’s products into China’s petroleum industry, Chinese
companies have also sought to provide automation solutions.
Company Address: Room 601, No. 1 Shui?an South Street Beijing 100012
Company Phone Number: (10) 8494 5799 Stock Exchange / Ticker: NASDAQ RCON
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Stock Performances by Major Competitors |
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Denbury Inc
Introduction The stock market is often marked by fluctuating trends and can present both profitable and challenging times for investors. Denbury Inc, an energy company operating in the United States, has recently reported a decline in its net profit, income, and revenue for the April to June 30, 2023 period. This article aims to analyze the significant factors contributing to this decline and provide insights into Denbury Inc's profitability trends. Profitability Declines During the April-June 2023 period, Denbury Inc's net profit per share witnessed a significant plummet of -55.83%, dropping to $1.25 per share from $2.83 per share compared to the previous year. This downward trend reflects the challenges faced by the company that have impacted its financial performance. Additionally, income faded by -24.7%, declining from $1.66 per share in the previous reporting season to $1.25 per share. Revenue Downturn Denbury Inc's revenue also experienced a substantial decline of -31.768%, dropping to $328.98 million from $482.16 million during the same reporting season in the previous year. Moreover, the sequential revenue decline stood at -3.529%, from $341.02 million. This decline in revenue suggests a less favorable market environment for the company and may reflect moderating demand in the industry segment.
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Altex Industries Inc
Altex Industries Inc, a company operating in the [insert industry], recently announced its financial results for the third quarter of 2023. The company reached break-even at $0.00 per share, which is the same as last year and the preceding financial reporting period. This is an encouraging sign for the company as it indicates that it has managed to stabilize its financial position. However, the company experienced a decline in revenue for the third quarter. The revenue faded by 33.333% to $0.01 million compared to the same period a year ago. Sequentially, the revenue deteriorated by 14.286% from the preceding financial reporting period. These numbers suggest that Altex Industries Inc has faced challenges in generating consistent revenue growth.
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Nine Energy Service Inc
The outlook for the stock market is looking up, particularly for Nine Energy Service Inc. This oil and gas production company has bucked the industry trend by reporting an impressive revenue increase of 13.405% to $161.43 million in the fiscal period ending June 30, 2023. While many of its peers have experienced business decline, Nine Energy Service Inc is showing signs of improvement. In addition to their revenue growth, Nine Energy Service Inc has also seen a notable improvement in their earnings per share (EPS). Comparing the current financial reporting period to the previous one, EPS has improved from $-0.19 per share to $-0.08 per share. This indicates that the company is making strides towards a more positive financial position.
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Comstock Resources Inc
As a stock market journalist, it is my duty to provide an objective and thorough analysis of the financial results of Comstock Resources Inc. Based on the given information, it is evident that the company's performance has taken a significant hit in the fiscal period closing June 30, 2023. Starting with the earnings per share (EPS), we see a drastic decline from $1.36 per share in the prior year to a loss of $0.17 per share. This indicates a stark reversal of fortune for the company and raises concerns about its profitability. In addition, the preceding financial reporting period saw EPS at $0.49 per share, indicating a decline in performance.
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Murphy Oil Corporation
Murphy Oil Corporation, a prominent player in the oil and gas production industry, has seen mixed financial results in recent months. While the company's stock performance has shown marginal improvement, its revenue and profitability have taken a significant hit. The decline in revenues, reduced earnings per share, and unfavorable margins have raised concerns about the company's future prospects. Factors Affecting Financial Performance: 1. Declining Revenue and Earnings: The most recent fiscal period witnessed a sharp decline in revenue by approximately 26.018%. This downturn had a severe impact on the company's income, which plummeted by 72.2%. Comparing the current revenue of $814.59 million to the previous year's $1.10 billion highlights the challenging market conditions for Murphy Oil Corporation.
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Per Share |
Current |
Earnings (TTM) |
-0.24 $ |
Revenues (TTM) |
0.27 $
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Cash Flow (TTM) |
- |
Cash |
1.17 $
|
Book Value |
1.79 $
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Dividend (TTM) |
0 $ |
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Per Share |
|
Earnings (TTM) |
-0.24 $
|
Revenues (TTM) |
0.27 $ |
Cash Flow (TTM) |
- |
Cash |
1.17 $
|
Book Value |
1.79 $ |
Dividend (TTM) |
0 $ |
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