Shanghai REFIRE Group Limited (HKG:2570)

Shanghai REFIRE Group Revenue

Shanghai REFIRE Group had revenue of 105.03M CNY in the half year ending June 30, 2026, a decrease of -11.54%. This brings the company's total for the last twelve months to 593.27M, down -6.86% year-over-year. In the year 2025, Shanghai REFIRE Group had annual revenue of 595.19M, down -8.26%. That makes Shanghai REFIRE Group the 23,736th largest company in the world by revenue and 1,407th in Hong Kong.

• Revenue (ttm): 593.27M CNY
• Revenue Growth: -6.86%
• P/S Ratio: 0.80
• Revenue / Employee: 2.10M CNY
• Employees: 283
• Market Cap: 547.64M HKD

Revenue Chart

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* This company reports financials in CNY.

Revenue by Segment

By Segment

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• Hydrogen fuel cell systems 304.47M 51.2%
• Components 225.36M 37.9%
• Hydrogen Production Systems and Related Components 28.16M 4.7%
• Others 20.88M 3.5%
• Fuel cell engineering and technical services 16.33M 2.7%

By Geography

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• Chinese Mainland 548.80M 92.2%
• Other Countries 46.38M 7.8%

Fiscal year ended Dec 31, 2025 See the full Shanghai REFIRE Group breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	595.19M	-53.59M	-8.26%
Dec 31, 2024	648.78M	-246.50M	-27.53%
Dec 31, 2023	895.28M	290.63M	48.07%
Dec 31, 2022	604.65M	80.54M	15.37%
Dec 31, 2021	524.11M	-88.58M	-14.46%

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 2026

Revenue data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Oct 29, 2026

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