Shanghai REFIRE Group Ltd. Class H (HK:2570)
:2570
Want to see HK:2570 full AI Analyst Report?
Top Page
Shanghai REFIRE Group Ltd. Class H
(2570)
Select Model
Select Model
Rating:43Neutral
Price Target:
HK$38.00
▼(-14.07% Downside)
Action:ReiteratedDate:04/29/26
The score is primarily constrained by weak financial performance (persistent losses and continued cash burn), with technicals also unfavorable given a clear downtrend and negative MACD. Valuation is not supportive because the company is loss-making (negative P/E) and offers no dividend yield.
Positive Factors
Improved leverage / manageable capital structure
The materially lower debt-to-equity since 2022 implies reduced refinancing pressure and a more manageable capital structure for a capital-intensive renewables operator. Improved leverage increases financial flexibility for project funding and reduces short-term default risk if trends persist.
Negative Factors
Persistent, deep net losses
Sustained, severe net losses and near -100% margins indicate the company remains far from profitable operations. Over months, such losses erode retained earnings, impair reinvestment capacity, and increase reliance on external funding, threatening long-term viability without structural change.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage / manageable capital structure
The materially lower debt-to-equity since 2022 implies reduced refinancing pressure and a more manageable capital structure for a capital-intensive renewables operator. Improved leverage increases financial flexibility for project funding and reduces short-term default risk if trends persist.
Read all positive factors
Shanghai REFIRE Group Ltd. Class H (2570) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.79B
Dividend YieldN/A
Average Volume (3M)123.44K
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees414
SectorReal Estate
Sector Strength53
IndustryRenewable Utilities
Share Statistics
EPS (TTM)N/A
Shares Outstanding62,149,536
10 Day Avg. Volume83,639
30 Day Avg. Volume123,441
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)2.80
Price to Sales (P/S)8.68
P/FCF Ratio-11.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$83.00Price Target Upside87.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shanghai REFIRE Group Ltd. Class H Business Overview & Revenue Model
Company Description
Shanghai REFIRE Group Ltd is a China-based company mainly focused on the design, development, manufacture, and sales of hydrogen fuel cell systems, hydrogen production systems, and related components. The Company operates three segments, including...
How the Company Makes Money
null...
Shanghai REFIRE Group Ltd. Class H Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
54
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 579.78M | 648.77M | 895.28M | 604.65M | 524.11M |
| Gross Profit | 66.92M | 111.77M | 179.62M | 49.82M | 61.78M |
| EBITDA | -220.45M | -600.13M | -411.22M | -390.08M | -513.78M |
| Net Income | -587.23M | -737.30M | -529.47M | -505.97M | -572.80M |
Balance Sheet | |||||
| Total Assets | 4.27B | 4.69B | 4.04B | 4.14B | 2.49B |
| Cash, Cash Equivalents and Short-Term Investments | 536.66M | 974.39M | 664.51M | 1.47B | 276.22M |
| Total Debt | 1.47B | 1.60B | 1.36B | 1.07B | 1.15B |
| Total Liabilities | 2.57B | 2.75B | 2.29B | 1.90B | 1.96B |
| Stockholders Equity | 1.80B | 2.04B | 2.01B | 2.27B | 566.02M |
Cash Flow | |||||
| Free Cash Flow | -467.13M | -454.90M | -862.46M | -854.56M | -934.79M |
| Operating Cash Flow | -201.64M | -393.22M | -718.40M | -728.06M | -768.21M |
| Investing Cash Flow | -339.79M | -210.03M | 116.80M | -560.34M | -185.47M |
| Financing Cash Flow | 177.47M | 821.62M | 181.41M | 2.09B | 368.35M |
Shanghai REFIRE Group Ltd. Class H Technical Analysis
Neutral
44.22
Price Trends
46.79
Negative
66.15
Negative
109.95
Negative
Market Momentum
-1.17
Negative
51.88
Neutral
64.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2570, the sentiment is Neutral. The current price of 44.22 is above the 20-day moving average (MA) of 40.86, below the 50-day MA of 46.79, and below the 200-day MA of 109.95, indicating a neutral trend. The MACD of -1.17 indicates Negative momentum. The RSI at 51.88 is Neutral, neither overbought nor oversold. The STOCH value of 64.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2570.
Shanghai REFIRE Group Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$17.39B | 10.46 | 15.06% | 4.43% | 4.84% | 4.54% | |
71 Outperform | HK$4.07B | 9.48 | 18.70% | 5.77% | 17.65% | 9.60% | |
71 Outperform | HK$14.28B | 15.46 | 11.18% | 2.78% | 6.95% | 28.21% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$15.57B | 11.52 | 74.40% | ― | 6.46% | -3.32% | |
61 Neutral | HK$5.40B | 6.75 | 6.10% | 5.22% | 477.74% | 332.86% | |
43 Neutral | HK$3.79B | -8.57 | ― | ― | ― | ― |
* Real Estate Sector Average
HK:2570
Shanghai REFIRE Group Ltd. Class H
40.64
-126.36
-75.66%
HK:2156
C&D Property Management Group Co., Ltd.
2.89
0.48
19.92%
HK:0258
Tomson Group Limited
2.39
-0.34
-12.45%
HK:2869
Greentown Service Group Co. Ltd.
4.53
0.28
6.59%
HK:6049
Poly Property Services Co., Ltd. Class H
31.42
1.76
5.93%
HK:6666
Evergrande Property Services Group Ltd.
1.44
0.71
97.26%
Shanghai REFIRE Group Ltd. Class H Corporate Events
Shanghai REFIRE sets 2026 AGM to seek funding flexibility and new share mandate
Apr 24, 2026
Shanghai REFIRE Group Limited has convened its annual general meeting for May 18, 2026 in Shanghai, where shareholders will review the board’s 2025 work report, audited consolidated financial statements, annual report, and profit distributio...
Shanghai REFIRE to Reallocate IPO and Subscription Proceeds Toward Working Capital
Apr 24, 2026
Shanghai REFIRE Group Limited plans to reallocate part of the funds raised from its Hong Kong global offering and prior share subscriptions to strengthen working capital. The board proposes diverting HK$200 million originally earmarked for RD and ...
Shanghai REFIRE Secures CSRC Filing for H Share Full Circulation Plan
Apr 24, 2026
Shanghai REFIRE Group Limited has received a filing notice from the China Securities Regulatory Commission confirming completion of the filing for its H share full circulation conversion and listing plan. The notice stipulates that if the company ...
Shanghai REFIRE Narrows Annual Loss but Revenue and Margins Weaken in 2025
Mar 27, 2026
Shanghai REFIRE Group Limited, a Hong Kong–listed hydrogen fuel cell technology provider, reported softer top-line performance in 2025 amid ongoing market and operational challenges. The company focuses on fuel cell systems and services that...
Shanghai REFIRE Sets March 27 Board Meeting to Approve 2025 Annual Results
Mar 16, 2026
Shanghai REFIRE Group Limited has scheduled a board meeting for March 27, 2026 to review and approve its annual results for the financial year ended December 31, 2025. The board will also consider the proposed publication of these results and eval...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.