Shanghai Refire publishes 2025 annual report

PUBT·04/24/2026 14:41:39

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Shanghai Refire published its 2025 annual report, highlighting slower momentum in hydrogen application build-out that weighed on demand for fuel cell systems and components.
Commercial rollout of hydrogen-powered heavy-duty trucks expanded across multiple Chinese regions, targeting high-intensity logistics use cases such as steel and coal transport.
Green hydrogen push advanced with construction start of a multi-technology hydrogen equipment testing platform in Taiyangshan, Wuzhong, Ningxia, designed to validate ALK, PEM, AEM electrolysis routes.
Product development focused on higher-power fuel cell platforms, including a 300 kW system, with validation work extending to -40°C cold-start capability and high-altitude operation.
International activity broadened through project deliveries and deployments in South Korea, Hong Kong, Chile, Canada, alongside a strategic partnership with Hy24 to accelerate hydrogen mobility applications in Europe.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Refire Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260424-12123293), on April 24, 2026, and is solely responsible for the information contained therein.

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