Recon Technology, Ltd. (RCON)

[Maarten]

With oil prices rising, I hope we're good here. Bottomed here?

Let's focus on the CEO's words:

"During the six months period ended December 31, 2020, our management focused on fund reserve and cash management to prepare for a rapid development in the coming year. We believe oil companies in China will continue to increase their capital expenditures in 2021. We expect more orders to be released in year 2021 which might be a busy year of the overall oil industry. We expect our business will benefit from this trend and our numbers will be improved from the second half year of calendar 2021."

https://www.nasdaq.com/press-release/recon-technology-ltd-reports-financial-results-for-the-first-six-months-of-fiscal

https://www.nasdaq.com/press-release/recon-technology-announces-corporate-headquarters-relocation-to-accommodate-expansion