研控科技 2025年年度报告和过渡报告

(Mark One) OR Date of event requiring this shell company report RECON TECHNOLOGY, LTD ☐Yes☒No Table of Contents If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant toSection13 or15(d)of the Securities Exchange Act of1934. ☐Yes☒No Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (orfor such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90days. ☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter periodthat the registrant was required to submit such files). ☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or anemerging growth company. See definition of “large accelerated filer, “accelerated filer,” and “emerging growth company” inRule12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒ Emerging growth company☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark ifthe registrant has elected not to use the extended transition period for complying with any new or revised financial accountingstandards† provided pursuant to Section13(a)of the Exchange Act.☐ † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting StandardsBoard to its Accounting Standards Codification after April5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included inthisfiling: U.S.GAAP☒International Financial Reporting Standards as issuedby the International Accounting Standards Board☐Other☐ If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item theregistrant has elected tofollow. ☐Item17☐Item18 If this is an annual report, indicate by check mark whether the registrant is a shell company (asdefined in Rule12b-2 of theSecurities Exchange Act of1934). ☐Yes☒No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVEYEARS) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections12, 13or15(d)of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by acourt. ☐Yes☐No Table of Contents PagePART I5ITEM 1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS5ITEM 2.OFFER STATISTICS AND EXPECTED TIMETABLE5ITEM 3.KEY INFORMATION5ITEM 4.INFORMATION ON THE COMPANY36ITEM 4A.UNRESOLVED STAFF COMMENTS64ITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECTS65ITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES80ITEM 7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS87ITEM 8.FINANCIAL INFORMATION90ITEM 9.THE OFFER AND LISTING90ITEM 10.ADDITIONAL INFORMATION91ITEM 11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK101ITEM 12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES101PART II102ITEM 13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES102ITEM 14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OFPROCEEDS102ITEM 15.CONTROLS AND PROCEDURES102ITEM15T.CONTROLS AND PROCEDURES104ITEM 16.[RESERVED]105ITEM16A.AUDIT COMMITTEE FINANCIAL EXPERT105ITEM16B.CODE OF ETHICS105ITEM16C.PRINCIPAL ACCOUNTANT FEES AND SERVICES105ITEM16D.EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES106ITEM16E.PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS106ITEM 16F.CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT106ITEM16G.CORPORATE GOVERNANCE107ITEM16H.MINE SAFETY DISCLOSURE107ITEM 16I.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS107ITEM 16J.INSIDER TRADING POLICI