Recon Technology Ltd

NASDAQ:RCONUnited States

Oct 30, 2024

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• Recon Technology, Ltd Reports Financial Year Results for Fiscal Year 2024, from 8:30AM ET on Wednesday Oct 30, 2024 by PR Newswire

  8:30AM ET on Wednesday Oct 30, 2024 by PR Newswire
  Companies Mentioned: RCON

  Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for fiscal year 2024.

• Press Release: Recon Technology, Ltd Reports Financial Year Results for Fiscal Year 2024, from 8:30AM ET on Wednesday Oct 30, 2024 by Dow Jones

  8:30AM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: RCON
  Proceeds from sale of prefunded warrants, net of issuance costs 93,321 3,750,282 -- -- Redemption of warrants -- -- (32,617,499) (4,488,317) ------------- --- ------------- --- ------------- ------------ Net cash (used in) provided by financing activities (9,999,380) 56,383,273 45,024,057 6,195,518 ------------- --- ------------- --- ------------- ------------ Effect of exchange rate fluctuation on cash and restricted cash 10,275,148 27,688,659 1,722,165 236,978 ------------- --- ------------- --- ------------- ------------ Net increase (decrease) in cash and restricted cash (26,300,153) (212,841,072) 5,983,265 823,328 Cash and restricted cash at beginning of year 343,998,570 317,698,417 104,857,345 14,428,851 ------------- --- ------------- --- ------------- ------------ Cash and restricted cash at end of year Yen 317,698,417 Yen 104,857,345 Yen 110,840,610 $ 15,252,179 === ============= === ============= === ============= ============ Supplemental cash flow information Cash paid during the year for interest Yen 1,427,174 Yen 1,200,699 Yen 659,472 $ 90,945 === ============= === ============= === ============= ============ Cash paid during the year for taxes Yen 10,214 Yen 18,339 Yen 2,137,166 $ 294,729 === ============= === ============= === ============= ============ Reconciliation of cash and restricted cash, beginning of year Cash Yen 343,998,570 Yen 316,974,857 Yen 104,125,800 $ 14,328,187 Restricted cash -- 723,560 731,545 100,664 ------------- --- ------------- --- ------------- ------------ Cash and restricted cash, beginning of year Yen 343,998,570 Yen 317,698,417 Yen 104,857,345 $ 14,428,851 === ============= === ============= === ============= ============ Reconciliation of cash and restricted cash, end of year Cash Yen 316,974,857 Yen 104,125,800 Yen 109,991,674 $ 15,135,362 Restricted cash 723,560 731,545 848,936 116,817 ------------- --- ------------- --- ------------- ------------ Cash and restricted cash, end of year Yen 317,698,417 Yen 104,857,345 Yen 110,840,610 $ 15,252,179 === ============= === ============= === ============= ============ Non-cash investing and financing activities Cancellation of shares issued to Starry Lab Yen (27,675,450) Yen -- Yen -- $ -- Right-of-use assets obtained in exchange for operating lease obligations Yen 937,672 Yen 75,182 Yen 8,303,099 $ 1,145,050 Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement Yen -- Yen 62,357 Yen 61,301 $ 8,454 Inventories transferred to and used as fixed assets Yen -- Yen (65,456) Yen -- $ -- Receivable for disposal of property and equipment Yen 3,000 Yen -- Yen -- $ -- Other payable due to non-controlling interest converted into capital contribution Yen 1,130,000 Yen -- Yen $
  

• Recon Technology, Ltd Reports Financial Year Results for Fiscal Year 2024, from 8:30AM ET on Wednesday Oct 30, 2024 by Dow Jones

  8:30AM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: RCON
  Proceeds from sale of prefunded warrants, net of issuance costs 93,321 3,750,282 -- -- Redemption of warrants -- -- (32,617,499) (4,488,317) ------------- --- ------------- --- ------------- ------------ Net cash (used in) provided by financing activities (9,999,380) 56,383,273 45,024,057 6,195,518 ------------- --- ------------- --- ------------- ------------ Effect of exchange rate fluctuation on cash and restricted cash 10,275,148 27,688,659 1,722,165 236,978 ------------- --- ------------- --- ------------- ------------ Net increase (decrease) in cash and restricted cash (26,300,153) (212,841,072) 5,983,265 823,328 Cash and restricted cash at beginning of year 343,998,570 317,698,417 104,857,345 14,428,851 ------------- --- ------------- --- ------------- ------------ Cash and restricted cash at end of year Yen 317,698,417 Yen 104,857,345 Yen 110,840,610 $ 15,252,179 === ============= === ============= === ============= ============ Supplemental cash flow information Cash paid during the year for interest Yen 1,427,174 Yen 1,200,699 Yen 659,472 $ 90,945 === ============= === ============= === ============= ============ Cash paid during the year for taxes Yen 10,214 Yen 18,339 Yen 2,137,166 $ 294,729 === ============= === ============= === ============= ============ Reconciliation of cash and restricted cash, beginning of year Cash Yen 343,998,570 Yen 316,974,857 Yen 104,125,800 $ 14,328,187 Restricted cash -- 723,560 731,545 100,664 ------------- --- ------------- --- ------------- ------------ Cash and restricted cash, beginning of year Yen 343,998,570 Yen 317,698,417 Yen 104,857,345 $ 14,428,851 === ============= === ============= === ============= ============ Reconciliation of cash and restricted cash, end of year Cash Yen 316,974,857 Yen 104,125,800 Yen 109,991,674 $ 15,135,362 Restricted cash 723,560 731,545 848,936 116,817 ------------- --- ------------- --- ------------- ------------ Cash and restricted cash, end of year Yen 317,698,417 Yen 104,857,345 Yen 110,840,610 $ 15,252,179 === ============= === ============= === ============= ============ Non-cash investing and financing activities Cancellation of shares issued to Starry Lab Yen (27,675,450) Yen -- Yen -- $ -- Right-of-use assets obtained in exchange for operating lease obligations Yen 937,672 Yen 75,182 Yen 8,303,099 $ 1,145,050 Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement Yen -- Yen 62,357 Yen 61,301 $ 8,454 Inventories transferred to and used as fixed assets Yen -- Yen (65,456) Yen -- $ -- Receivable for disposal of property and equipment Yen 3,000 Yen -- Yen -- $ -- Other payable due to non-controlling interest converted into capital contribution Yen 1,130,000 Yen -- Yen $