Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) has shared an update.
Shanghai REFIRE Group Ltd. has issued a profit warning, anticipating a significant loss for the fiscal year 2024, ranging from RMB670 million to RMB770 million, compared to the previous year’s loss of RMB529 million. The increased loss is attributed to higher share-based payment expenses aimed at talent retention and fluctuations in customer demand as the hydrogen energy industry evolves. Despite the expected loss, the company projects a reduction in net loss when excluding certain expenses, indicating potential operational improvements.
More about Shanghai REFIRE Group Ltd. Class H
Shanghai REFIRE Group Ltd. is a company based in China, operating in the hydrogen energy industry. It focuses on developing products and services related to hydrogen energy, which is transitioning from a policy-driven to a market-driven industry.
YTD Price Performance: 53.33%
Average Trading Volume: 38,208
See more insights into 2570 stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com