Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Recon Technology, Ltd. is a China-based oilfield services company that provides equipment, automation solutions, and technical services to companies operating in the petroleum and natural gas industry. The company primarily serves upstream and midstream operators by supporting exploration, production, and transportation activities. Its core offerings focus on improving operational efficiency, safety, and digitalization within oil and gas field operations.
Founded in 2004, Recon Technology originally specialized in automation systems for oilfield production and transportation. Over time, it expanded into integrated oilfield services, environmental protection solutions, and equipment manufacturing. The company is listed on the NASDAQ Capital Market under the ticker RCON and has evolved through a combination of organic growth and acquisitions aimed at broadening its technical capabilities and service scope within China’s energy sector.
Business Operations
Recon Technology generates revenue through multiple operating segments that include oilfield specialized equipment, automation systems and software, and oilfield environmental protection services. The company provides automation control systems, equipment maintenance, monitoring solutions, and customized technical services primarily to state-owned and regional oil and gas producers. Its solutions are designed to support production optimization, pipeline transportation, and field-level digital management.
The company’s operations are predominantly domestic, with nearly all revenue derived from customers in China. Recon Technology controls proprietary automation technologies, oilfield monitoring software, and specialized equipment manufacturing capabilities. It operates through several wholly owned subsidiaries, including Beijing BHD Petroleum Technology Co., Ltd. and Nanjing Recon Technology Co., Ltd., which serve as key platforms for engineering, equipment integration, and service delivery.
Strategic Position & Investments
Recon Technology’s strategic direction emphasizes expanding its role as an integrated service provider combining equipment, automation, and environmental solutions. Growth initiatives have focused on increasing penetration among state-owned oil companies, enhancing recurring service revenue, and expanding environmental protection and digital oilfield offerings aligned with regulatory and efficiency trends in China’s energy sector.
The company has pursued selective acquisitions to strengthen its technical portfolio and customer base, including acquisitions of regional oilfield service providers and technology-focused subsidiaries. Recon Technology has also invested in emerging areas such as intelligent oilfield systems, energy-saving technologies, and environmentally compliant treatment solutions, positioning itself to benefit from modernization and sustainability-driven investments in China’s oil and gas industry.
Geographic Footprint
Recon Technology is headquartered in China, with its principal executive offices located in Beijing. The company operates across major oil- and gas-producing regions within the country, supporting onshore oilfields, pipeline networks, and related infrastructure.
While Recon Technology has limited direct international operations, its business activities influence multiple regions within Asia through partnerships with large Chinese energy companies whose assets span several provinces. The company’s geographic focus remains concentrated in mainland China, reflecting both its customer base and regulatory environment.
Leadership & Governance
Recon Technology was founded by Shengping Liu, who continues to play a significant role in shaping the company’s long-term strategy and technical direction. The leadership team emphasizes disciplined growth, technological innovation, and long-term partnerships with major energy producers.
Key executives include:
- Shengping Liu – Chief Executive Officer and Chairman of the Board
- Shuai Wang – Chief Financial Officer
- Xiaojun Li – Chief Operating Officer
- Yunfeng Zhang – Vice President of Engineering
The company is governed by a board of directors that includes executive and independent members, with oversight of financial reporting, risk management, and strategic planning consistent with U.S. public company governance standards.