Guangqiang Chen - Recon Technology CTO and Director
| RCON Stock | USD 2.44 0.13 5.63% |
Director
Mr. Chen Guangqiang is Chief Technology Officer, Director of Recon Technology, Ltd. Mr. Chen was a geological engineer for the Fourth Oil Extraction Plant of Huabei Oil Field from 1985 through 1993. From 1993 through 1999, Mr. Chen was a chief engineer for Xinda Company, CNPC Development Bureau. From 1999 through 2003, Mr. Chen served as the general manager of Beijing Adar. Mr. Chen received his bachelors degree in 1985 from Southwest Petroleum Institute. Mr. Chen was chosen as a director because he is one of the founders of the Company and we believe we can benefit from his years of engineering experience and management experience in the oil extraction industry.
| Age | 61 |
| Address | No. 1 Shui'an South Street, Beijing, China, 100012 |
| Phone | 86 10 8494 5799 |
| Web | https://www.recon.cn |
Recon Technology Management Efficiency
The company has return on total asset (ROA) of (0.0826) % which means that it has lost $0.0826 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1106) %, meaning that it created substantial loss on money invested by shareholders. Recon Technology's management efficiency ratios could be used to measure how well Recon Technology manages its routine affairs as well as how well it operates its assets and liabilities. As of the 1st of December 2024, Return On Tangible Assets is likely to drop to -0.09. In addition to that, Return On Capital Employed is likely to grow to -0.13. At this time, Recon Technology's Total Assets are very stable compared to the past year. As of the 1st of December 2024, Total Current Assets is likely to grow to about 531.8 M, while Non Current Assets Total are likely to drop about 26.3 M.Similar Executives
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Management Performance
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.0826 |
Recon Technology Management Team
Elected by the shareholders, the Recon Technology's board of directors comprises two types of representatives: Recon Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Recon. The board's role is to monitor Recon Technology's management team and ensure that shareholders' interests are well served. Recon Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Recon Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Guangqiang Chen, CTO and Director | ||
| Jia Liu, CFO and Secretary | ||
| Shenping Yin, Chairman and CEO |
Recon Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Recon Technology a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.0826 | ||||
| Profit Margin | (0.72) % | ||||
| Operating Margin | (2.07) % | ||||
| Current Valuation | 46.49 M | ||||
| Shares Outstanding | 7.99 M | ||||
| Shares Owned By Insiders | 24.43 % | ||||
| Shares Owned By Institutions | 0.96 % | ||||
| Number Of Shares Shorted | 42.07 K | ||||
| Price To Earning | 2.26 X |
Pair Trading with Recon Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Recon Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Recon Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Recon Stock
| 0.63 | FTK | Flotek Industries | PairCorr |
| 0.61 | NGS | Natural Gas Services | PairCorr |
| 0.58 | EFXT | Enerflex | PairCorr |
| 0.58 | SEI | Solaris Energy Infra Symbol Change | PairCorr |
| 0.56 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
The ability to find closely correlated positions to Recon Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Recon Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Recon Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Recon Technology to buy it.
The correlation of Recon Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Recon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Recon Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Recon Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Recon Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Recon Technology. If investors know Recon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Recon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.08) | Revenue Per Share 13.637 | Quarterly Revenue Growth 0.095 | Return On Assets (0.08) | Return On Equity (0.11) |
The market value of Recon Technology is measured differently than its book value, which is the value of Recon that is recorded on the company's balance sheet. Investors also form their own opinion of Recon Technology's value that differs from its market value or its book value, called intrinsic value, which is Recon Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Recon Technology's market value can be influenced by many factors that don't directly affect Recon Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Recon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Recon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Recon Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.