RCON (RCON) financial statements

· Market cap $101M

RCON reported revenue of 110M CNY in fiscal 2026, up 6.9% a year over 9 years.

Net income was -30M CNY and the operating margin -37.5%, against -51.0% in 2017.

The diluted share count fell 98% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

-0.100.10.10.12017201820192020202120222023202420252026RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from RCON's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Revenue60M CNY85M CNY102M CNY66M CNY48M CNY84M CNY67M CNY69M CNY66M CNY110M CNY
Cost of revenue44M CNY81M CNY73M CNY46M CNY41M CNY64M CNY48M CNY48M CNY51M CNY73M CNY
Gross profit16M CNY4M CNY30M CNY20M CNY7M CNY19M CNY19M CNY21M CNY15M CNY36M CNY
Research and development8M CNY3M CNY3M CNY7M CNY6M CNY9M CNY9M CNY14M CNY16M CNY13M CNY
Selling, general and admin37M CNY43M CNY50M CNY31M CNY54M CNY93M CNY87M CNY74M CNY59M CNY61M CNY
Operating income-31M CNY-41M CNY-24M CNY-20M CNY-62M CNY-82M CNY-69M CNY-72M CNY-57M CNY-41M CNY
Interest expense548,878 CNY897,521 CNY2M CNY1M CNY2M CNY2M CNY3M CNY1M CNY1M CNY1M CNY
Pre-tax income-31M CNY-45M CNY-25M CNY-20M CNY-26M CNY94M CNY-61M CNY-51M CNY-19M CNY-28M CNY
Income tax307,900 CNY16,230 CNY398,477 CNY282,322 CNY-524,251 CNY-613,874 CNY18,339 CNY30 CNY1,580 CNY-1,609 CNY
Net income-31M CNY-44M CNY-25M CNY-19M CNY-23M CNY96M CNY-59M CNY-50M CNY-43M CNY-30M CNY
EPS (diluted)-4.90 CNY-19.19 CNY-6.49 CNY-4.16 CNY-30.04 CNY55.52 CNY-27.43 CNY-1,974.16 CNY-936.18 CNY-266.52 CNY
Diluted shares6M2M4M5M1M2M2M0M0M0M
Gross margin26.6%4.9%29.2%29.8%15.1%23.2%28.1%30.3%23.0%33.2%
Operating margin-51.0%-48.3%-23.7%-30.7%-128.5%-98.3%-103.3%-104.0%-86.5%-37.5%
Net margin-52.4%-52.0%-24.8%-29.3%-47.6%114.1%-88.2%-72.4%-64.3%-27.0%

Balance sheet

Fiscal years, in CNY, from RCON's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Cash and short-term investments45M CNY45M CNY5M CNY30M CNY344M CNY317M CNY288M CNY198M CNY102M CNY39M CNY
Receivables39M CNY24M CNY69M CNY48M CNY27M CNY23M CNY27M CNY39M CNY36M CNY46M CNY
Inventory3M CNY7M CNY1M CNY2M CNY4M CNY4M CNY6M CNY1M CNY1M CNY1M CNY
Total current assets68M CNY101M CNY98M CNY129M CNY489M CNY446M CNY504M CNY506M CNY356M CNY229M CNY
Property, plant and equipment3M CNY3M CNY4M CNY30M CNY27M CNY25M CNY25M CNY———
Goodwill————7M CNY5M CNY————
Total assets71M CNY122M CNY157M CNY194M CNY567M CNY490M CNY532M CNY552M CNY526M CNY639M CNY
Total current liabilities29M CNY26M CNY42M CNY65M CNY76M CNY53M CNY61M CNY47M CNY61M CNY84M CNY
Total liabilities29M CNY35M CNY50M CNY74M CNY279M CNY77M CNY93M CNY61M CNY72M CNY87M CNY
Shareholders' equity33M CNY76M CNY96M CNY110M CNY295M CNY421M CNY449M CNY503M CNY467M CNY566M CNY
Net debt-45M CNY-45M CNY-5M CNY-30M CNY-344M CNY-317M CNY-104M CNY-110M CNY-99M CNY-30M CNY

Cash flow

Fiscal years, in CNY, from RCON's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Operating cash flow-7M CNY-20M CNY-32M CNY-5M CNY-34M CNY-26M CNY-52M CNY-44M CNY-34M CNY-59M CNY
Capital spending638,119 CNY2M CNY6M CNY4M CNY522,416 CNY999,652 CNY————
Free cash flow-8M CNY-21M CNY-39M CNY-9M CNY-35M CNY-27M CNY————
Stock-based compensation2M CNY840,286 CNY10M CNY———————
Net borrowing——-684,191 CNY-747,630 CNY-816,952 CNY-892,701 CNY-1M CNY0 CNY——
Free cash flow margin-13.4%-24.9%-37.7%-13.8%-72.1%-32.5%————
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Questions

What was RCON's revenue in 2026?

110M CNY in fiscal 2026, from its 10-K filing.

From RCON's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.