Futu news reported on December 5th, $REFIRE (02570.HK)$ Today, the dark market opened lower, currently down 8.44%, reported at 134.60 Hong Kong dollars, with a transaction amount of 0.0347 million Hong Kong dollars and a total market value of 11.594 billion Hong Kong dollars. For this listing, the price range for Reshape Energy’s shares is set between 145.0 and 165.0 Hong Kong dollars.

Market source: Futu Securities.

Company overview

As a leading hydrogen energy technology company in China, Reshape Energy focuses on the design, development, manufacturing, and sales of hydrogen fuel cell systems, hydrogen equipment, and related components, while providing hydrogen fuel cell engineering development services that meet customer needs, enabling the company to offer one-stop solutions for hydrogen production and end applications. Regarding hydrogen fuel cell systems, the company mainly focused on the hydrogen fuel cell systems installed in heavy trucks during the historical performance period.

According to Frost & Sullivan's data, based on the sales output power of hydrogen fuel cell systems in 2023, Reshape Energy ranks first in China’s hydrogen fuel cell system market, with a market share of 23.8%. In terms of the total sales output power of hydrogen fuel cell systems installed in heavy trucks in 2023, the company ranks first in China’s hydrogen fuel cell system market, with a market share of 42.4%.

Financial overview

In terms of finance, for the fiscal years 2021, 2022, and 2023, the revenue from reshaping energy was approximately 0.524 billion yuan, 0.605 billion yuan, and 0.895 billion yuan respectively, with a compound annual growth rate of 30.70%; during the same period, the gross profit was 61.785 million yuan, 49.823 million yuan, and approximately 0.18 billion yuan.

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Editor/Hao