Shanghai Refire to Widen Losses in 2024

MT Newswires Live

2025/03/17

Shanghai Refire Group (HKG:2570) expects a wider attributable loss of between 670 million yuan and 770 million yuan for the year 2024, compared with 529 million yuan a year earlier, a Friday filing with the Hong Kong bourse said.

The Chinese fuel cells manufacturer attributed the wider anticipated loss mainly to an increase in share-based payment expenses and fluctuations in customers' demands and orders.

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