Recon Technology, Ltd Reports Financial Results for the First Six Months of Fiscal Year 2026

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March 13, 2026

BEIJING, March 13, 2026 /PRNewswire/ — Recon Technology, Ltd (NASDAQ: RCON) (“Recon” or the “Company”), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for the first six months of fiscal year 2026.

First Six Months of Fiscal 2026 Financial Highlights:

Total revenue increased to RMB85.0 million ($12.2 million) for the six months ended December 31, 2025, from RMB42.0 million ($5.8 million) for the same period in 2024.
Gross profit increased to RMB28.5 million ($4.1 million) for the six months ended December 31, 2025, from RMB13.4 million ($1.9 million) for the same period in 2024.
Gross margin increased to 33.5% for the six months ended December 31, 2025 from 31.7% for the same period in 2024.
Net loss was RMB7.2 million ($1.0 million) for the six months ended December 31, 2025, a decrease of RMB13.5 million ($1.9 million) from net loss of RMB20.7 million ($3.0 million) for the same period of 2024.

	For the Six Months Ended
	December 31,
(in RMB millions, except earnings per share; differences due to rounding)	2025		2024		Increase /(Decrease)		Percentage Change
Revenue	RMB	85.0	RMB	42.0	RMB	43.0	102.2 %
Gross profit		28.5		13.4		15.1	113.2 %
Gross margin		33.5 %		31.7 %		1.8 %	—
Net loss		(7.2)		(20.7)		(13.5)	65.2 %
Net loss per share – Basic and diluted		(0.61)		(2.29)		(1.68)	73.3 %

Management Commentary

Mr. Shenping Yin, Founder and CEO of Recon, stated: “We are encouraged by the significant progress the Company has made during the first half of fiscal year 2026. For the six months ended December 31, 2025, Recon’s core business remained stable and achieved substantial growth, primarily driven by the successful execution of overseas oilfield projects and the recovery of domestic oilfield production activities. Furthermore, Recon remains committed to diversifying its revenue streams and seizing opportunities in the circular economy. The Company’s plastic chemical recycling project, launched in 2023, continues to progress on schedule. The project, which is expected to be fully completed by July 2026, will position Recon to capitalize on the growing demand for sustainable and recycled materials, aligning with global ESG trends and creating long-term value for shareholders. “

Mr. Yin continued, “Amid a dynamic global energy market characterized by supply-demand rebalancing and evolving industry changes, the Company has demonstrated resilience and adaptability, leveraging its core strengths to drive revenue growth while navigating operational challenges. Our focus on high-value-added services, strategic diversification, and operational excellence will continue to guide our decisions as we pursue our long-term growth objectives.”

Recon Technology remains committed to delivering innovative, reliable solutions to its customers while upholding the highest standards of corporate governance and social responsibility. The Company will continue to provide timely updates on its business progress and financial performance as it executes its strategic plan.

First Six Months Fiscal 2026 Financial Results:

Revenue

Total revenues for the six months ended December 31, 2025 were approximately RMB85.0 million ($12.2 million), an increase of approximately RMB43.0 million ($6.2 million) or 102.2% from RMB42.0 million ($6.0 million) for the same period in 2024.

Revenue from automation product and software increased by RMB41.4 million ($5.9 million) or 197.6%. For the six months ended December 31, 2025, the increase in revenue from automation products and software was primarily driven by the Company’s RMB44.2 million overseas oilfield projects during the period. This was a consequence of the second phase of oilfield capacity construction and the launch of a major automation service and maintenance project that we secured outside China in 2012. The growth was partially offset by a decline of RMB2.7 million in the domestic oilfield business, due to reduced maintenance efforts in the domestic market during the six months period, as our focus shifted towards overseas projects. Looking ahead, we will be making a particular shift in our personnel, moving them from overseeing markets to strengthening our domestic market maintenance.
Revenue from equipment and accessories increased by RMB1.6 million ($0.2 million) or 10.2 %. For the six months ended December 31, 2025, the increase was primarily driven by a RMB4.1 million growth contributed by offshore oilfield operations, as well as revenues of about RMB1.2 million from new onshore oilfield customers. This increase offset some of the RMB3.7 million revenue decline due to reduced business from some occasional orders we achieved in the compared period.
Revenue from oilfield environmental protection services increased by RMB2.8 million ($0.4 million), or 101.3%. This growth was primarily driven by the increase of settlement prices of some wastewater treatment clients.
Revenue from platform outsourcing services decreased by RMB2.7 million ($0.4 million) or 100%. FGS’s operations were materially and adversely affected by strategic shifts in its major clients’ business decisions to terminate online cooperation of third-party companies and unfavorable changes in domestic industry policies. Consequently, FGS’s revenue and active business activities declined precipitously, resulting in zero revenue for the six months ended December 31, 2025.

Cost of revenue

Cost of revenues increased from RMB28.7 million ($4.1 million) for the six months ended December 31, 2024 to RMB56.6 million ($8.1 million) for the same period in 2025.

For the six months ended December 31, 2024 and 2025, cost of revenue from automation product and software was approximately RMB12.4 million and RMB40.7 million ($5.8 million), respectively, representing an increase of approximately RMB28.3 million ($4.0 million) or 228.6%. The increase in cost of revenue from automation product and software was primarily attributable to increased revenue of automation products and software.
For the six months ended December 31, 2024 and 2025, cost of revenue from equipment and accessories was approximately RMB11.2 million and RMB13.2 million ($1.9 million), respectively, representing an increase of approximately RMB2.0 million ($0.3 million) or 18.0%. The increase in costs of revenue was primarily driven by expanded business activity, mirroring the same factor behind the growth in revenue.
For the six months ended December 31, 2024 and 2025, cost of revenue from oilfield environmental protection was approximately RMB4.8 million and RMB2.7 million ($0.4 million), respectively, representing a decrease of approximately RMB2.1 million ($0.3 million) or 43.7%. While actively pursuing new business opportunities in a constrained market, the Company undertook testing projects. Given their high uncertainty, equipment costs for these projects were fully costing upon purchase in the prior period, resulting in lower costs in the current period compared to the prior period.
For the six months ended December 31, 2024 and 2025, the reason for the decrease is consistent with that of the revenue decline.

Gross profit

Gross profit increased to RMB28.5 million ($4.1 million) for the six months ended December 31,2025 from RMB13.4 million ($1.9 million) for the same period in 2024. Our gross profit as a percentage of revenue increased to 33.5% for the six months ended December 31, 2025 from 31.7% for the same period in 2024.

For the six months ended December 31, 2024 and 2025, gross profit from automation products and software was approximately RMB8.5 million and RMB21.6 million ($3.1 million), respectively. This represents an increase of approximately RMB13.1 million ($1.9 million), or 152.8%, primarily driven by the Company’s overseas oilfield projects. However, the overall gross margin declined during the period due to a higher proportion of hardware revenue, which carries a lower gross margin.
For the six months ended December 31, 2024 and 2025, gross profit from equipment and accessories was approximately RMB4.5 million and RMB4.1 million ($0.6 million), respectively, representing a decrease of approximately RMB0.4 million ($0.1 million) or 8.8%. The gross margin for automation equipment and accessories has remained relatively stable in this period.
For the six months ended December 31, 2024 and 2025, gross profit from oilfield environmental protection services was approximately negative RMB2.1 million and RMB2.7 million ($0.4 million), respectively, representing an increase of RMB4.9 million ($0.7 million), or 229.1%. The higher costs in the prior period were primarily due to testing projects conducted in 2024, for which equipment costs were fully expensed upon purchase.
For the six months ended December 31, 2024 and 2025, gross profit from platform outsourcing services was approximately RMB2.4 million and nil, respectively, representing a decrease of approximately RMB2.4 million ($0.3 million), or 100%, primarily due to the suspension of operations.

Operating expenses

Selling expenses decreased by 16.2%, or RMB0.9 million ($0.1 million), from RMB5.2 million for the six months ended December 31, 2024 to RMB4.3 million ($0.6 million) in the same period of 2025.

General and administrative expenses increased by 19.3%, or RMB4.6 million ($0.7 million), from RMB24.0 million for the six months ended December 31, 2024 to RMB28.7 million ($4.1 million) in the same period of 2025.

The Company also recorded allowance for credit losses of RMB0.9 million for the six months ended December 31, 2024 as compared to net recovery of credit losses of RMB0.02 million ($0.003 million) for the same period in 2025.

Research and development expenses decreased by 22.1%, or RMB2.2 million ($0.3 million) from RMB10.2 million for the six months ended December 31, 2024 to RMB7.9 million ($1.1 million) for the same period of 2025.

Loss from operations

Loss from operations was RMB12.4 million ($1.8 million) for the six months ended December 31, 2025, compared to a loss of RMB26.9 million for the same period of 2024. This RMB14.5 million ($2.1 million) decrease in operating losses was mainly driven by higher operating gross profit, as previously discussed.

Change in fair value of warrant liability

The Company classified the warrants issued in connection with common share offering as liabilities at their fair value and adjusted the warrant instrument to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in our statement of operations. Change in fair value changes of warrant liability was negative RMB10,327 and RMB584.0 ($84.0) for the six months ended December 31, 2024 and 2025, respectively. The primary reason for the decrease in the fair value loss of the warrant liability was the change in the fair value assessment price.

Interest income

Net interest income was RMB6.4 million ($0.9 million) for the six months ended December 31, 2025, compared to net interest income of RMB6.6 million for the same period of 2024. Interest income remained relatively stable.

Other expenses, net.

Other net expenses amounted to RMB1.2 million ($0.2 million) for the six months ended December 31, 2025, compared to RMB0.4 million for the same period in 2024, representing an increase of RMB0.8 million ($0.1 million). The increase was primarily due to the closure of Qinghai BHD and the disposal of 51% equity interest in MSJ, which together resulted in a total loss on equity shares investments of RMB1.1 million.

Net loss

As a result of the factors described above, net loss was RMB7.2 million ($1.0 million) for the six months ended December 31, 2025, a decrease of RMB13.5 million ($1.9 million) from net loss of RMB20.7 million for the same period of 2024.

Cash and short-term investment

As of December 31, 2025, we had cash in the amount of approximately RMB75.1 million ($10.7 million).As of June 30, 2025, we had cash in the amount of approximately RMB98.9 million ($14.1 million) and short-term investment in bank fixed income product of approximately RMB3.6 million ($0.5 million).

About Recon Technology, Ltd (“RCON”)

Recon Technology, Ltd (NASDAQ: RCON) is the People’s Republic of China’s first NASDAQ-listed non-state owned oil and gas field service company. Recon supplies China’s largest oil exploration companies, with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, RCON has taken leading positions within several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: http://www.recon.cn/.

Forward-Looking Statements

Recon includes “forward-looking statements” within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as “scheduled,” “may,” “will,” “could,” “should,” “would,” “expect,” “believe,” “anticipate,” “project,” “plan,” “estimate,” “forecast,” “goal,” “objective,” “committed,” “intend,” “continue,” or “will likely result,” and similar expressions that concern Recon’s strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon’s operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in Recon’s most recent Annual Report on Form 20‑F and any subsequent half-year financial filings on Form 6‑K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.

For more information, please contact:

The Company
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5799
Email: info@recon.cn

RECON TECHNOLOGY, LTD CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS

	As of June 30,		As of December 31,		As of December 31,
	2025		2025		2025
	RMB		RMB		US Dollars
ASSETS				(UNAUDITED)		(UNAUDITED)
Current assets
Cash	¥	98,874,577	¥	75,084,982	$	10,737,010
Restricted cash		8,204		8,204		1,173
Short-term investments		3,599,211		—		—
Notes receivable		—		178,200		25,482
Accounts receivable, net		35,852,484		77,585,955		11,094,644
Inventories, net		1,344,588		654,915		93,652
Other receivables, net		3,760,881		6,252,762		894,133
Other receivables – related parties		67,976		67,976		9,720
Loans to third parties		141,564,073		145,778,591		20,846,061
Purchase advances, net		14,619,556		13,460,083		1,924,766
Contract costs, net		53,547,408		26,519,752		3,792,274
Prepaid expenses		389,216		36,773		5,258
Deferred offering cost		2,529,724		—		—
Total current assets		356,157,898		345,628,193		49,424,173

Property and equipment, net		19,986,635		18,511,089		2,647,051
Construction in progress		12,000,900		40,370,158		5,772,856
Investment in unconsolidated entity, net		—		1,474,974		210,918
Long-term loan to third parties		118,500,000		119,475,040		17,084,703
Operating lease right-of-use assets, net (including RMB696,851 and RMB119,411 ($17,075) from related parties as of June 30, 2025 and December 31, 2025, respectively)		18,975,692		17,537,008		2,507,759
Total Assets	¥	525,621,125	¥	542,996,462	$	77,647,460

LIABILITIES AND EQUITY

Current liabilities
Short-term bank loans	¥	11,582,336	¥	15,585,806	$	2,228,741
Accounts payable		19,398,669		37,422,742		5,351,381
Other payables		6,154,889		5,148,841		736,274
Other payable- related parties		2,927,377		1,290,556		184,547
Contract liabilities		4,719,255		1,273,179		182,062
Contract liabilities- related parties		—		400,000		57,199
Accrued payroll and employees’ welfare		3,212,227		5,813,397		831,305
Taxes payable		795,629		2,855,083		408,271
Short-term borrowings – related parties		10,017,250		10,018,208		1,432,585
Operating lease liabilities – current (including RMB355,601 and RMB119,411 ($17,075) from related parties as of June 30, 2025 and December 31, 2025, respectively)		1,761,231		1,759,435		251,596
Warrant liability – current		—		98		14
Total Current Liabilities		60,568,863		81,567,345		11,663,975

Operating lease liabilities – non-current (including nil and nil from related parties as of June 30, 2025 and December 31, 2025, respectively)		1,081,827		363,277		51,948
Long-term borrowings – related party		10,000,000		10,000,000		1,429,981
Warrant liability – non-current		688		—		—
Total Liabilities	¥	71,651,378	¥	91,930,622	$	13,145,904

Commitments and Contingencies

Shareholders’ Equity
Class A Ordinary Shares, $0.0001 US dollar par value, 500,000,000 shares authorized; 10,627,426 shares and 10,627,426 shares issued and outstanding as of June 30, 2025 and December 31, 2025, respectively		101,548		101,548		14,521
Class B Ordinary Shares, $0.0001 US dollar par value, 80,000,000 shares authorized; 20,000,000 shares and 20,000,000 shares issued and outstanding as of June 30, 2025 and December 31, 2025, respectively		14,038		14,038		2,007
Additional paid-in capital		692,569,747		698,913,255		99,943,266
Statutory reserve		4,148,929		4,148,929		593,289
Accumulated deficit		(262,900,639)		(268,723,654)		(38,426,971)
Accumulated other comprehensive income		33,493,895		29,922,499		4,278,860
Total Recon Technology, Ltd’ equity		467,427,518		464,376,615		66,404,972
Non-controlling interests		(13,457,771)		(13,310,775)		(1,903,416)
Total shareholders’ equity		453,969,747		451,065,840		64,501,556
Total Liabilities and Shareholders’ Equity	¥	525,621,125	¥	542,996,462	$	77,647,460

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

RECON TECHNOLOGY, LTD CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)

	For the six months ended
	December 31,
	2024		2025		2025
	RMB		RMB		USD

Revenue		42,069,270		85,048,921		12,161,834
Cost of revenue		28,714,468		56,571,163		8,089,569
Gross profit		13,354,802		28,477,758		4,072,265

Selling and distribution expenses		5,177,944		4,340,014		620,614
General and administrative expenses		24,038,744		28,677,355		4,100,807
Allowance for (Reversal of) credit losses		870,714		(18,355)		(2,625)
Research and development expenses		10,167,182		7,921,405		1,132,746
Operating expenses		40,254,584		40,920,419		5,851,542

Loss from operations		(26,899,782)		(12,442,661)		(1,779,277)

Other income (expenses)
Subsidy income		21,045		23,606		3,376
Interest income		7,136,259		6,909,801		988,088
Interest expense		(580,977)		(527,976)		(75,500)
Loss on equity shares investments		—		(1,102,361)		(157,636)
Gain (loss) in fair value changes of warrants liability		(10,327)		584		84
Foreign exchange transaction loss		(313,263)		(8,718)		(1,247)
Other expenses		(80,945)		(75,885)		(10,851)
Other income, net		6,171,792		5,219,051		746,314
Loss before income tax		(20,727,990)		(7,223,610)		(1,032,963)
Income tax expenses (benefits)		1,609		(1,609)		(230)
Net loss		(20,729,599)		(7,222,001)		(1,032,733)

Less: Net loss attributable to non-controlling interests		(141,270)		(1,398,986)		(200,052)
Net loss attributable to Recon Technology, Ltd	¥	(20,588,329)	¥	(5,823,015)	$	(832,681)

Comprehensive income (loss)
Net loss		(20,729,599)		(7,222,001)		(1,032,733)
Foreign currency translation adjustment		1,207,501		(3,571,396)		(510,703)
Comprehensive loss		(19,522,098)		(10,793,397)		(1,543,436)
Less: Comprehensive loss attributable to non- controlling interests		(141,270)		(1,398,986)		(200,052)
Comprehensive loss attributable to Recon Technology, Ltd	¥	(19,380,828)	¥	(9,394,411)	$	(1,343,384)

Loss per share – basic and diluted	¥	(2.29)	¥	(0.61)	$	(0.09)

Weighted – average shares -basic and diluted		8,978,328		9,475,344		9,475,344

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

RECON TECHNOLOGY, LTD CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED)

	For the six months ended December 31,
	2024		2025		2025
	RMB		RMB		US Dollars
Cash flows from operating activities:
Net loss	¥	(20,729,599)	¥	(7,222,001)	$	(1,032,733)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		1,724,066		1,438,445		205,695
Loss from disposal of equipment		9,607		314		45
Gain (loss) in fair value changes of warrants liability		10,327		(584)		(84)
Allowance (Reversal of) for credit losses		870,714		(18,355)		(2,625)
Allowance (Reversal of) for slow moving inventories		(523,228)		267,498		38,252
Amortization of right-of-use assets		1,532,232		1,438,684		205,729
Restricted shares issued for management and employees		5,353,151		6,343,508		907,110
Loss on equity shares investments		—		1,102,361		157,636
Cash position changes due to the decrease of ownership interest		—		(32,811)		(4,692)
Accrued interest income from loans to third parties		(6,779,697)		(6,027,268)		(861,888)
Expensing of deferred financing costs		—		2,529,724		361,746
Changes in operating assets and liabilities:
Notes receivable		(1,864,913)		(178,200)		(25,482)
Accounts receivable		(3,348,819)		(43,275,450)		(6,188,307)
Inventories		(718,490)		244,960		35,029
Other receivables		(358,057)		(2,454,191)		(350,945)
Other receivables-related parties		(4,000)		—		—
Purchase advances		81,256		784,301		112,154
Contract costs		8,057,774		28,736,194		4,109,221
Prepaid expense		(295,291)		352,443		50,399
Operating lease liabilities		(1,039,360)		(720,346)		(103,008)
Accounts payable		3,913,353		4,241,036		606,460
Other payables		(1,194,817)		(939,715)		(134,377)
Other payables-related parties		(511,754)		(1,636,821)		(234,062)
Contract liabilities		2,277,655		(3,446,076)		(492,782)
Contract liabilities-related parties		—		400,000		57,198
Accrued payroll and employees’ welfare		179,209		2,601,170		371,962
Taxes payable		691,901		2,008,157		287,163
Net cash used in operating activities		(12,666,780)		(13,463,023)		(1,925,186)

Cash flows from investing activities:
Investment in unconsolidated entity		—		(350,000)		(50,049)
Purchases of property and equipment		(455,380)		(227,699)		(32,561)
Proceeds from disposal of equipment		—		3,580		512
Collection of loans to third parties		2,904,352		1,681,400		240,437
Payments made for loans to third parties		(36,897,900)		(3,200,000)		(457,594)
Payments and prepayments for construction in progress		(5,337,873)		(14,586,221)		(2,085,802)
Redemption of short-term investments		88,892,092		3,496,550		500,000
Net cash generated by (used in) investing activities		49,105,291		(13,182,390)		(1,885,057)

Cash flows from financing activities:
Proceeds from short-term bank loans		—		4,000,000		571,992
Repayments of short-term bank loans		(843,487)		—		—
Deferred offering costs		(810,082)		—		—
Capital contribution by controlling shareholders		10,000		—		—
Net cash generated by (used in) financing activities		(1,643,569)		4,000,000		571,992

Effect of exchange rate fluctuation on cash and restricted cash		(343,038)		(1,144,182)		(163,616)

Net increase (decrease) in cash and restricted cash		34,451,904		(23,789,595)		(3,401,867)
Cash and restricted cash at beginning of period		110,840,610		98,882,781		14,140,050
Cash and restricted cash at end of period	¥	145,292,514	¥	75,093,186	$	10,738,183

Supplemental cash flow information
Cash paid during the period for interest	¥	518,086	¥	518,417	$	74,133
Cash paid during the period for taxes	¥	1,363,403	¥	—		—

Reconciliation of cash and restricted cash, beginning of period
Cash	¥	109,991,674	¥	98,033,845	$	14,018,654
Restricted cash		848,936		848,936		121,396
Cash and restricted cash, beginning of period	¥	110,840,610	¥	98,882,781	$	14,140,050

Reconciliation of cash and restricted cash, end of period
Cash	¥	145,284,391	¥	75,084,982	$	10,737,010
Restricted cash		8,123		8,204		1,173
Cash and restricted cash, end of period	¥	145,292,514	¥	75,093,186	$	10,738,183

Non-cash investing and financing activities
Payable for construction in progress		—		13,783,037		1,970,948
Investment in unconsolidated entity resulting from transfer out of control		—		1,124,974		160,869

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

BioDlink Named “Emerging CDMO of the Year” at the 2026 Asia-Pacific Biopharma Excellence Awards

By

Advertorial Desk

-

March 13, 2026

BioDlink has been named “Emerging CDMO of the Year” for its innovation in complex biologics and ADC development.
The award recognizes its proprietary technology platforms, scalable manufacturing, and a proven quality system with over 100 audits completed.

SUZHOU, China, March 13, 2026 /PRNewswire/ — BioDlink, an innovation-driven Contract Development and Manufacturing Organization (CDMO), today announced that it has been named “Emerging CDMO of the Year” at the Asia-Pacific Biopharma Excellence Awards, organized by IMAPAC.

Presented by IMAPAC, the Asia-Pacific Biopharma Excellence Awards celebrate excellence and innovation across the biopharmaceutical industry in the Asia-Pacific region. The awards recognize organizations that demonstrate outstanding technological capabilities, operational excellence, and leadership in advancing biopharma development and manufacturing. By honoring these achievements, the program highlights companies that are shaping the future of the global biopharma ecosystem.

The recognition underscores BioDlink’s growing role as a trusted development and manufacturing partner for global biopharmaceutical innovators. The company provides integrated solutions for complex biologics and antibody-drug conjugates (ADCs), supporting programs from early research and technology evaluation through process development, analytical development and manufacturing.

BioDlink’s capabilities are supported by a portfolio of proprietary technology platforms designed to enhance development efficiency and scalability. These include GL-DisacLink^®, a co-developed conjugation platform that simplifies ADC manufacturing through a streamlined enzyme-based conjugation strategy; BDKcell™, a cell line development platform delivering high-expression performance in standard fed-batch processes across multiple biologic modalities, including monoclonal antibodies, bispecific antibodies, fusion proteins, and nanobodies; and BDKLyo, a digital-intelligent lyophilization process calculation platform that uses predictive modeling to accelerate development and enable more efficient scale-up, helping partners reach critical production milestones with greater speed and confidence.

Complementing technology platforms, BioDlink continues to expand its development and manufacturing infrastructure to support global programs across multiple development stages. The company offers scalable production capabilities for complex biologics, enabling efficient progression from early development to manufacturing while maintaining consistent quality standards.

Quality remains central to BioDlink’s operations. The company operates under a robust quality management system aligned with international regulatory expectations, with a successful track record of more than 100 client and regulatory audits, supporting reliable development, manufacturing consistency, and regulatory readiness for global programs.

As demand for advanced biologics and antibody-drug conjugates continues to grow worldwide, BioDlink remains committed to strengthening its technology platforms, expanding manufacturing capabilities, and deepening collaborations with partners across the global biopharmaceutical ecosystem to help bring innovative therapies to patients faster.

About BioDlink Biopharm Co., Ltd.

BioDlink (1875.HK) is a leading global CDMO specializing in biologics and bioconjugates (ADCs/XDCs). Headquartered in Suzhou with centers in Shanghai and Beijing, the company provides fully integrated, end-to-end services spanning early R&D through commercial manufacturing.

With its one-base integrated platform and proprietary technologies—such as BDKcell® for rapid cell line development and GL-DisacLink® for site-specific conjugation—BioDlink helps partners accelerate development, improve efficiency, and reduce costs.

The company operates four commercial manufacturing lines with large-scale sterile fill-finish capabilities, backed by a global GMP-aligned quality system that has earned PMDA accreditation in Japan and supported product approvals across China, Indonesia, Nigeria, Pakistan, Colombia and Bolivia.

Guided by the philosophy of “Quality First, Innovation Driven, Success Together,” BioDlink is committed to advancing global access to next-generation biologics and building trusted partnerships worldwide.

For more information, please visit: https://www.biodlink.com/

MOVA Unveils the “Infinite Smart Universe” at AWE, Presenting the Vision of All-Scenario Smart Living

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Advertorial Desk

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March 13, 2026

SHANGHAI, March 13, 2026 /PRNewswire/ — After its stunning debut at AWE last year, global premium smart technology brand MOVA is set to make a strong return in 2026 with significant technological and brand evolution. This year, MOVA’s exhibition scale has expanded sixfold compared to its debut, unveiling a 768㎡ “Infinite Smart Living Pavilion” and a 744㎡ “Immersive Technology Experience Pavilion”. From deep specialization in the cleaning sector, MOVA now extends across multiple product domains, including major kitchen appliances, consumer electronics, and eVTOLs. This expansion goes far beyond physical scale, representing the strategic concentration of MOVA’s technological innovation and ecological vision. The brand is evolving from a creator of excellent products into a builder of a smart ecosystem that is shaping future lifestyles.

This year, two themed Pavilions are designed to work in synergy to present MOVA’s comprehensive ecosystem. At the Infinite Smart Living Pavilion, the famous Chinese actor Song Weilong will engage with MOVA products and share his user experience, offering a personal perspective on how technology enhances daily life. Meanwhile, the Immersive Tech Pavilion debuts the MOVA chip.

Deep Evolution: From Single-Task Cleaning to All-Scenario Awareness in an Infinite Smart Ecosystem

At this year’s AWE, MOVA’s 768㎡ “Infinite Smart Living Pavilion” fully showcases the brand’s strategic evolution from a leader in smart cleaning to a builder of comprehensive smart living. The pavilion brings together 20 product lines, including cleaning appliances and kitchen appliances, forming an integrated ecosystem spanning cleaning, dining, creation, and climate control. This expansion underscores MOVA’s transformation from a single-category technology leader into a comprehensive architect of full-scenario smart living.

After attracting global attention at CES, the MOVA Pilot 70 overcomes the single-floor cleaning limitations of traditional robot vacuums through the innovative integration of a drone and a transport module. The drone is equipped with a flight control system, a fusion perception system, and a 6-fold active protection design, enabling it to safely and precisely transport the vacuum to upper floors, balconies, or even glass-roofed sunrooms. This breakthrough significantly extends cleaning coverage to previously inaccessible areas.

MOVA unveils its new flagship robot vacuum, the Z70 Pro, delivering a smart evolution in whole-home cleaning with three MOVA-first* innovations. The Z70 Pro features MOVA’s first InfiniteEye™ technology, allowing users to label specific objects and customize cleaning strategies—getting closer to trash cans and table legs for deep coverage while keeping a safe distance from vases and mirrors to avoid collisions. For battery performance, it introduces MOVA’s first* Smart-Protect Fast Charging Technology. A 6,400mAh battery with intelligent temperature control enables 30%* faster charging and smart recharging during cleaning cycles, extending runtime and lifespan. To address edge-cleaning challenges, MOVA’s AI-Powered Dynamic Edge Technology automatically retracts the roller by 10mm* upon wall contact, ensuring thorough edge coverage while protecting walls.

Designed to tackle the challenges of deep cleaning, the X60 Ultra Steam floor washer resolves three major pain points: sterilization and stain removal, edge-to-edge coverage, and flexible maneuverability. It debuts* a dual-mode steam and hot water cleaning system, combining the sanitizing power of 200°C* steam with the rapid stain-dissolving ability of 90°C* hot water. The result is ultra-hygienic deep cleaning—instantly breaking down stubborn grease and sauce stains while delivering bacterial removal. The product features the industry-leading Fin AI Mechanical Arm and Running Water Cleaning Disc, breaking the structural limitations of traditional floor washers to achieve zero-gap* edge cleaning on the left, right, and front sides. With an ultra-slim 9.9cm body design, it can easily reach traditional cleaning blind spots such as under beds and cabinets.

In the vacuum category, MOVA has unveiled its next-generation flagship model, the Z200 Ultra, featuring the revolutionary “Handheld Station” technology. The core breakthrough lies in MOVA’s first* handheld vacuum with a large-capacity integrated dust bag. It eliminates the need for frequent dust cup emptying, enabling vacuuming and dust collection in one go. The innovative dust bag design, combined with a dedicated hygiene mode and H14-grade HEPA filtration, forms a comprehensive hygiene protection system that maintains a consistently clean internal environment. Users can enjoy up to 45 days* of maintenance-free operation, making daily cleaning more effortless and worry-free. In addition, the Z200 Ultra is equipped with MOVA’s first* Dynamic Dual-Action Pressure System, which automatically adjusts brush performance to different floor conditions, enhancing cleaning efficiency with every push and pull. Working in tandem with the front-mounted mechanical arm structure, it further improves front-edge precision cleaning, making it easier to reach tight areas such as corners and table legs for a more effortless and efficient cleaning experience.

MOVA T1 Station window cleaning robot elevates the cleaning dimension from horizontal surfaces to vertical facades. T1 Station introduces MOVA’s first* warm water window cleaning technology, using 40°C water to soften stains and adhesive residue on glass surfaces for deep cleaning. It is equipped with NooksErasing™ edge-cleaning technology—integrating side brushes into the four corners of the square cleaning pad to ensure real-time edge-to-edge fit along window frames, significantly improving edge coverage. The BoostBay™ multi-function base station supports long runtime and automatic cable retraction for enhanced convenience.

At the “Infinite Smart Living Pavilion,” visitors will experience a reality: true smart living begins with cleaning, yet opens up infinite possibilities.

Beyond Boundaries: From Chip-Level Innovation to an Expanding Smart Ecosystem

MOVA has unveiled not only the Infinite Smart Living Pavilion but also a dedicated Immersive Technology Experience Zone, showcasing its cross-category ecosystem expansion. The zone brings together multiple product lines—including 3D printing, energy storage, and eVTOLs. Through interactive displays, the space transforms into a hands-on “tech museum”. One of the highlights of this experience zone is the MOVA chip—the brand’s first publicly showcased ecosystem core.

As a key part of MOVA’s cross-category ecosystem, the Palette 300 3D printer—developed under the Atomform ecosystem brand—fully demonstrates the company’s technical expertise in precision control and system coordination. Featuring 12 fully automatically switching nozzles in a dedicated one-filament-one-nozzle configuration, it supports up to 12 materials and 36 colors when paired with six RFD-6 filament boxes, along with four different nozzle diameter options—offering unprecedented creative freedom. The streamlined design of the self-developed integrated nozzle, combined with a high-precision positioning system, ensures consistent precision during nozzle transitions. Over 50 embedded sensors and four cameras work in concert to enable five key perception systems that cover filament delivery, thermal regulation, and system stability throughout the printing process.

MOVA also introduced the MOVA LumeGret A4000 Solar Power System, an intelligent, plug-and-play home energy solution designed to maximize solar efficiency and flexibility. Featuring an integrated microinverter, battery, and solar charge controller, the system simplifies installation while supporting up to 3600W PV input and 4–20kWh scalable storage to adapt to different household energy needs. Featuring 2500W off-grid backup power, built with LumeGret Orbit™ technology, a 20-year design lifespan with up to 10,000 battery cycles, and smart energy management through app control and dynamic tariff optimization, the system helps households significantly reduce electricity costs. Under typical conditions, the system can achieve up to 79% self-consumption, enabling annual savings of over €1,500 and delivering an estimated 2–3 year payback period.

From cleaning to creation—MOVA is advancing through its core technological strengths to connect every dimension of smart living.

Towards Infinity, Defining the Ecosystem—MOVA embodies the vision of “Infinite Smart Universe,” transforming its deep expertise in cleaning into the foundation of an interconnected ecosystem. The unveiling of the two experience pavilions not only showcases MOVA’s strategic leap from a single category to full-scenario coverage but also marks the brand’s evolution into an architect and shaper of smart lifestyles. Here, technological breakthroughs are integrated into daily life, and product innovations evolve toward ecosystem synergy. A truly human-centric, borderless new world of smart living is unfolding.

NYSE Content Update: Two-time Olympic Champions Have a Bell Moment on the Trading Floor

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Advertorial Desk

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March 13, 2026

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, March 13, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.

ICE Brent Crude oil holds above $100 a barrel.

Ashley Mastornardi delivers the pre-market update on March 13th

U.S. stock market indices are on track for weekly losses as ICE Brent Crude oil, the international benchmark, rises amid the conflict in Iran.
On NYSE Live, Bitcoin Standard Treasury Company Co-Founder and CIO Sean Bill will share how his company is working to maximize bitcoin’s value.
Rugby will meet the NYSE as the ramp‑up begins for HSBC SVNS New York, with interviews from rugby executive Alan Gilpin and retired player Naya Tapper.
U.S. Figure Skating power couple Madison Chock and Evan Bates enjoy a NYSE Bell Moment after taking home gold and silver at the Milan Cortina Winter Games.

Opening Bell
ServiceNow (NYSE: NOW) CEO Bill McDermott opens US Markets

Closing Bell
EltaMD Skin Care, a Colgate-Palmolive Company (NYSE: CL) brand, in recognition of the 3rd Annual National Dermatologist Day

Click to relive Olympic Champions Madison Chock and Evan Bates visit: youtube.com/@NYSEofficial

U.S. figure skaters Madison Chock and Evan Bates interviewed at the NYSE.

Petal & Pup Celebrates Australian Roots and Global Growth with New Brand Identity

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Advertorial Desk

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March 13, 2026

New brand campaign marks the evolution of the women-led brand and its connection to women everywhere.

SAN FRANCISCO, March 13, 2026 /PRNewswire/ — a.k.a. Brands Holding Corp. (NYSE: AKA), a portfolio of next generation fashion brands, today announces the launch of Petal & Pup’s global evergreen brand campaign and the official debut of the brand’s evolved identity.

Rooted in Petal & Pup’s carefree Australian spirit, the evergreen campaign invites women everywhere to see themselves reflected in a shared joy for dressing up, connection, and the beauty found in life’s moments, big and small. The campaign marks a defining chapter in the brand’s evolution and reinforces its confidence, longevity, and growing global presence.

The campaign introduces Petal & Pup’s refreshed brand identity, blending its Australian beginnings with its position as an international fashion destination. True to the brand’s women first philosophy, the campaign was created entirely by women, from models and creatives to production teams, embodying Petal & Pup’s commitment to being a brand imagined by women for women.

“As we continue to grow globally, this campaign signals our long-term vision, confidence, and belief in building a brand that feels warm, emotive, and deeply connected to its community,” said Victoria Estella Perry, President of Petal & Pup. “Petal & Pup was born in Australia, and while the campaign is rooted in where we began, its message is universal. It celebrates togetherness, femininity, and the shared joy of dressing for life’s moments with women everywhere.”

Shot entirely in Australia, the campaign proudly celebrates Petal & Pup’s Aussie heritage through joyful, optimistic storytelling and nature inspired visuals, including Australian florals such as the brand’s signature Protea. The launch also introduces the brand’s new tagline, “Aussie Born. Loved Everywhere”. A refined logo, refreshed color palette, and evolved visual language anchor the brand’s next chapter and reflect its long-term growth opportunity, underscored by successful wholesale and retail partnerships with Nordstrom and David Jones.

The global campaign launched February 9 in Australia and March 9 in the United States.

Press Kit Imagery can be viewed here. Campaign Video can be viewed here.

To shop Petal & Pup online, visit petalandpup.com

About Petal & Pup

Founded in Queensland, Australia in 2014, Petal & Pup is a global fashion brand known for its effortlessly feminine, trend-forward designs made for life’s moments — big and small. With offices in Australia and the United States, the brand creates attainable, feel-good pieces that celebrates femininity and makes getting dressed feel easy and joyful.

www.petalandpup.com | www.petalandpup.com.au

About a.k.a. Brands
a.k.a. Brands maintains a portfolio of global fashion brands, Princess Polly, Culture Kings, Petal & Pup and mnml. Through these brands we reach a broad audience of next-generation consumers who seek fashion inspiration on social media and primarily shop online. Our brands are hyper-focused on the customer and serving them newness and a seamless experience throughout the entire shopping journey. We leverage a data-driven ‘test and repeat’ merchandising model that allows us to introduce new and exclusive fashion weekly, so our customers are always on-trend. We leverage innovative data-driven insights to authentically connect and engage with customers across the latest marketing platforms. Further, we are committed to showing up for customers wherever they shop, whether that’s online, in-stores or through wholesale channels. Leveraging our industry expertise and operational synergies, we help accelerate our brands so they can grow faster, reach broader audiences, achieve greater scale and enhance their profitability. We believe we are disrupting the status quo and pioneering a new approach to fashion.

Petal & Pup Evergreen Campaign

Petal & Pup Evergreen Campaign NYC

Logo – https://laotiantimes.com/wp-content/uploads/2026/03/pp_brandid__pp_wm_horizontal_lg_logo.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2026/03/petal_pup_evergreen_hero.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2026/03/petal_pup_nyc_ooh_6.jpg

HeyGears Launches New Clear Resin and Transparent 3D Printing Solution – Now Available on Amazon

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Advertorial Desk

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March 13, 2026

IRVINE, Calif., March 13, 2026 /PRNewswire/ — HeyGears has launched its first clear 3D printing resin for Reflex RS & RS Turbo 3D printers, UltraPrint Production PAF10 Clear, alongside its Transparent Solution – featuring step-by-step workflows to create outstanding transparent 3D printed effects. This enables more users to 3D print high-clarity models with premium-level results. The company has also launched its HEYGEARS Official Store on Amazon, expanding access to HeyGears’ professional 3D printing products.

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PAF10 Clear Resin: Achieve Superior Clarity and Precision for Every Print

PAF10 Clear resin offers 82% light transmittance, allowing 3D printed parts to achieve crystal-like clarity. It provides stunning transparency, enhancing the visual presentation of prototypes or display models. With ultra-fine detail down to 0.08 mm, it is ideal for intricate designs that require sharp edges.

PAF10 Clear resin is also formulated with yellowing resistance, for long-lasting clarity even with prolonged use. With 46% elongation at break, the resin offers an optimal balance of flexibility and strength, making it ideal for delicate accessories, miniatures, and small structures that need both resilience and precision.

The HeyGears Transparent Solution: Complete Workflows for Transparent Parts

Along with the new PAF10 Clear resin, HeyGears has introduced its Transparent Solution, offering a complete workflow for premium-grade clear 3D printed products. The Transparent Solution includes standardized processes from design guidelines to finished part post-processing steps, including sanding, dying and coating.

By following these workflows, users can efficiently turn their creative designs and models into professional-quality products with crystal-like transparency, matte transparency and colored transparent effects that can meet final expectations. HeyGears’ Transparent Solution is perfect for individual makers as well as businesses looking to reliably produce high-quality transparent 3D printed parts, such as consumer products and gaming miniatures. For more details about this solution, visit: https://store.heygears.com/pages/transparent-solutions

Shop HeyGears Products on Amazon

HeyGears has also launched its official Amazon storefront, further expanding access to its professional 3D printers, materials, and accessories, including the new PAF10 Clear resin with special savings including up to 40% off the Reflex RS, up to 30% off the Reflex RS Turbo 3D printers, up to 26% off the new PAF10 Clear resin, and even more discounts.

Explore more on Amazon.

With the launch of PAF10 Clear resin, the introduction of the Transparent Solution, and the debut of HEYGEARS Official Store on Amazon, HeyGears is further strengthening its ecosystem for professional 3D printing. These new offerings provide users with a more complete path to high-quality transparent parts, combining advanced 3D printing materials, practical workflow guidance, and broader product access worldwide.

To learn more about HeyGears products, visit store.heygears.com or contact contact@heygears.com.

Hancom Tops Open-Source PDF Benchmarks with OpenDataLoader PDF v2.0

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Advertorial Desk

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March 13, 2026

– Tops in benchmark test, including reading order, tables, and title inference.

– Offers a perfect local security environment with the hybrid engine that combines AI and direct extraction heuristic engine

– Four AI functions via free AI add-ons; OCR, Table AI, Chart and Formula AI

– Change to Apache-2.0 licensing from MPL-2.0

SEOUL, South Korea, March 13, 2026 /PRNewswire/ — Hancom, the South Korean software company behind the widely used Hangul word processor, has released OpenDataLoader PDF v2.0 — and the benchmark numbers back up the claim. In the company’s own internal testing, OpenDataLoader PDF outperformed competing open-source tools across reading order recognition, table extraction, and heading inference. Hancom has published the full benchmark dataset and reproducible code on its official GitHub repository, allowing developers to verify the results independently.

Hancom Tops Open-Source PDF Benchmarks with OpenDataLoader PDF v2.0

The headline engineering move is a hybrid extraction engine that pairs AI-based parsing with direct extraction. The practical upside: enterprises and developers get high-accuracy PDF data extraction that runs entirely on-premise, with no data leaving the local environment. For organizations handling sensitive documents — legal, financial, medical — that’s not a minor footnote.

Four Free AI Add-ons, Out of the Box

OpenDataLoader PDF PDF v2.0 includes the following four AI features as add-ons at no additional cost:

OCR— improves text recognition on image-based and scanned PDFs
Table Extraction— a lightweight AI model that handles merged cells and complex table structures with precision
Formula Extraction— recognizes mathematical and scientific notation locally, without a cloud call
Chart Analysis— converts chart visuals into natural-language descriptions

All four are built for compatibility with third-party open-source models, including Docling. Hancom is clear that no formal partnership or sponsorship is in place — the compatibility is purely technical, designed so developers can slot OpenDataLoader PDF into existing pipelines without rebuilding their stack.

Apache 2.0: Lowering the Barrier, Expanding the Ecosystem

The project has also shed its MPL 2.0 license in favor of Apache 2.0 — one of the most permissive open-source licenses available. The move directly reduces friction for commercial use, making it easier for global developers and enterprises to build on top of OpenDataLoader PDF without navigating license compatibility headaches. Hancom expects this to accelerate downstream business models including WebApp and SaaS applications built on the engine.

Ecosystem Expansion: LangChain Is In, More Integrations Coming

LangChain integration shipped in 2025. In 2026, Hancom is targeting Langflow, LlamaIndex, and Gemini CLI, plus MCP (Model Context Protocol) support for agentic AI workflows. The roadmap positions OpenDataLoader PDF as infrastructure for the autonomous AI agent era, not just a standalone parsing tool.

Later in 2026, a commercial AI add-on is planned — described as a concentration of Hancom’s proprietary document AI technology.

AI based auto-tagging to Tagged PDF: Start The Accessibility Play

Perhaps the most forward-looking item on the roadmap is PDF accessibility. With the European Accessibility Act (EAA) now in force, South Korea’s anti-discrimination legislation tightening, and accessibility regulations expanding globally, compliance has become a real operational burden for enterprises. Hancom says OpenDataLoader PDF will be the first open-source PDF tool to include AI-generated accessibility tagging — This will be the first open-source solution to provide a key step toward PDF/UA compliance.

What Hancom’s CTO Said

“OpenDataLoader PDF v2.0 has evolved into an open PDF data platform that anyone can freely use and build upon, through its AI hybrid engine and transition to Apache 2.0,” said Jihwan Jeong, CTO of Hancom. “With upcoming commercial AI add-ons and accessibility solutions, we aim to lead the global ecosystem — making PDF documents not only AI-ready, but accessible to everyone.”

OpenDataLoader PDF PDF v2.0 is available now. Source code, benchmark datasets, and documentation are published at the OpenDataLoader PDF official GitHub repository.

Hancom Tops Open-Source PDF Benchmarks with OpenDataLoader PDF v2.0

By

Advertorial Desk

-

March 13, 2026

– Tops in benchmark test, including reading order, tables, and title inference.

– Offers a perfect local security environment with the hybrid engine that combines AI and direct extraction heuristic engine

– Four AI functions via free AI add-ons; OCR, Table AI, Chart and Formula AI

– Change to Apache-2.0 licensing from MPL-2.0

SEOUL, South Korea, March 13, 2026 /PRNewswire/ — Hancom, the South Korean software company behind the widely used Hangul word processor, has released OpenDataLoader PDF v2.0 — and the benchmark numbers back up the claim. In the company’s own internal testing, OpenDataLoader PDF outperformed competing open-source tools across reading order recognition, table extraction, and heading inference. Hancom has published the full benchmark dataset and reproducible code on its official GitHub repository, allowing developers to verify the results independently.

Hancom Tops Open-Source PDF Benchmarks with OpenDataLoader PDF v2.0

The headline engineering move is a hybrid extraction engine that pairs AI-based parsing with direct extraction. The practical upside: enterprises and developers get high-accuracy PDF data extraction that runs entirely on-premise, with no data leaving the local environment. For organizations handling sensitive documents — legal, financial, medical — that’s not a minor footnote.

Four Free AI Add-ons, Out of the Box

OpenDataLoader PDF PDF v2.0 includes the following four AI features as add-ons at no additional cost:

OCR— improves text recognition on image-based and scanned PDFs
Table Extraction— a lightweight AI model that handles merged cells and complex table structures with precision
Formula Extraction— recognizes mathematical and scientific notation locally, without a cloud call
Chart Analysis— converts chart visuals into natural-language descriptions