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Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) has provided an update.
Shanghai REFIRE Group Ltd. reported a significant decrease in total revenue for the year ended December 31, 2024, with a 27.5% drop compared to the previous year. Despite this, the company saw a remarkable increase in revenue from overseas markets and non-vehicle hydrogen fuel cell systems. The company also reported a higher loss attributable to owners, but a reduced adjusted net loss and a significant decrease in net cash outflow from operating activities. No dividends were declared for the year.
More about Shanghai REFIRE Group Ltd. Class H
Shanghai REFIRE Group Ltd. operates in the hydrogen fuel cell industry, focusing on the development and sale of hydrogen fuel cell systems, particularly for non-vehicle applications. The company is based in the People’s Republic of China and has been expanding its market reach, notably increasing its revenue from overseas regions.
YTD Price Performance: 23.46%
Average Trading Volume: 59,019
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