Shanghai Refire FY26 H1 loss attributable to owners narrows 18.4% to RMB 271.5 million; revenue slips 1.8% to RMB 105 million

• Shanghai Refire posted a loss attributable to owners of RMB 271.5 million, narrowing 18.4% year over year.
• Revenue slipped 1.8% to RMB 105 million, while overseas revenue rose to RMB 65.1 million from a low base.
• Gross profit swung to RMB 10 million from a gross loss, lifting gross margin to 9.5% from -12.6%.
• Fuel cell engineering and technical services revenue climbed 465.6% to RMB 34.7 million on a new overseas development-services contract.
• Outlook calls for deeper overseas expansion, product iteration for heavy-duty trucks, and faster push into marine, power generation, hydrogen production equipment.

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 regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260828-12305375), on August 28, 2026, and is solely responsible for the information contained therein.