Shanghai REFIRE Group Limited (HKG:2570)

Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Hydrogen fuel cell systems	304.47M	330.52M	637.18M	423.27M	452.73M
Hydrogen fuel cell systems Growth	-7.88%	-48.13%	50.54%	-6.51%	-
Components	225.36M	235.56M	220.08M	150.30M	61.02M
Components Growth	-4.33%	7.03%	46.43%	146.32%	-
Hydrogen Production Systems and Related Components	28.16M	1.93M	7.68M	-	-
Hydrogen Production Systems and Related Components Growth	1358.16%	-74.86%	-	-	-
Others	20.88M	17.54M	6.90M	4.61M	3.12M
Others Growth	19.00%	154.42%	49.47%	48.04%	-
Fuel cell engineering and technical services	16.33M	63.22M	23.44M	26.47M	7.25M
Fuel cell engineering and technical services Growth	-74.17%	169.65%	-11.44%	265.09%	-
Total	595.19M	648.78M	895.28M	604.65M	524.11M
Total Growth	-8.26%	-27.53%	48.07%	15.37%	-

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Chinese Mainland	548.80M	590.35M	-	604.65M	524.11M
Chinese Mainland Growth	-7.04%	-	-	15.37%	-
Other Countries	46.38M	58.43M	-	-	-
Other Countries Growth	-20.61%	-	-	-	-
Mainland China	-	-	872.07M	-	-
Other Countries/Regions	-	-	23.21M	-	-
Total	595.19M	648.78M	895.28M	604.65M	524.11M
Total Growth	-8.26%	-27.53%	48.07%	15.37%	-

Source: S&P Global Market Intelligence.