Construction Machinery and Heavy Transportation Equipment

REFIRE

Reshape Energy Proposes to Issue 10M Non-Listed Warrants to Macquarie Bank, Aiming to Raise Approx HKD 2.83 Billion

Shanghai Refuel Energy Allocates 200 Million HKD and 100 Million RMB Raised to Working Capital

Shanghai Roush Energy Group Holds Annual Shareholders' Meeting to Discuss Expansion Strategy

Exane BNP Paribas Maintains Buy Rating on Shanghai Rui Sheng Energy Group's H Shares

Rebuild Energy Reports Narrowed Loss in 2025 Annual Report

REFIRE released FY2024 Q3 earnings on March 27 (BJT), actual revenue HKD 293.76 M, actual EPS HKD -1.8318

REFIRE released FY2025 Q3 earnings on March 27 (BJT), actual revenue HKD 266.86 M, actual EPS HKD -1.7035

REFIRE released FY2025 9 Months Earnings on March 27 (BJT), actual revenue HKD 382.66 M, actual EPS HKD -5.8844

REFIRE released FY2024 9 Months Earnings on March 27, 2026 (BJT), with actual revenue of HKD 421.89 M and EPS of HKD -8.0213

REFIRE released FY2024 Q4 earnings on March 27 (BJT), actual revenue HKD 281.94 M, actual EPS HKD -1.7581

REFIRE released FY2025 Annual Earnings on March 27 After-Market (BJT), actual revenue HKD 650.51 M (forecast HKD 702.8 M), actual EPS HKD -7.6244 (forecast HKD -6.7277)

REFIRE released FY2025 Q4 earnings on March 27 After-Market (BJT), actual revenue HKD 271.47 M, actual EPS HKD -1.735

REFIRE to Release FY2025 Earnings on March 27 After-Market (BJT), Forecast Revenue HKD 717.69 M, EPS HKD -6.8703

Rebuild Energy Successfully Places 4.536 Million Shares

Shanghai Reconergy Group Announces Private Placement of H-Shares

CICC Maintains Buy Rating for Shanghai RuiShi Energy Group H Shares with Target Price

ReShape Energy Receives CSRC Approval for 定向 Issuance of Shares to Specific Parties

Renu Energy Receives A Rating in Huazheng Index's Latest ESG Ranking, Placing 10th Among HK Listed Machinery Manufacturing Companies

Reform Energy repurchased 4,000 shares for HKD 575,600

SOFTMEDX

SYNERTONE

WING FUNG GROUP

BIOSTAR PHARM-B

HIPINE

BJ DIGITAL

WANJIA GROUP

CHINA PPT INV

XI2CSOPMSTR-U

02570

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159611

GRID

Shanghai REFIRE Group Ltd. has scheduled its annual general meeting for May 18, 2026, to discuss the 2025 work report, financial statements, and profit distribution. The agenda includes authorizing financial assistance to subsidiaries, approving changes in capital use, and granting a mandate to issue up to 20% additional shares. These measures aim to enhance financial flexibility and support the company's expansion strategy in the clean-energy sector. The latest analyst rating for REFIRE stock is a Buy with a target price of HK$80.00.

Tip Ranks

E Fund CSI Green Power ETF

GF CSI All Share Power Public Service ETF

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

Shanghai REFIRE sets 2026 AGM to seek funding flexibility and new share mandate

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002353

The gas turbine industry is entering a high prosperity cycle, with Jereh Group signing a contract for gas turbine generator sets worth RMB 2.359 billion. International giants such as Siemens Energy have delivery schedules extending to 2030, highlighting the tension between robust industry orders and delivery constraints. The large-scale construction of Artificial Intelligence Data Centers (AIDC) is driving electricity demand, and gas turbines, with their advantages of rapid installation and flexible adjustability, are becoming the preferred power solution for AIDCs

Wallstreetcn

CSG Energy

Siemens Energy AG

Jereh Group

AI Power Shortage Logic Continues to Play Out, Gas Turbine Demand Surges

Exane BNP Paribas has maintained a Buy rating on Shanghai REFIRE Group Ltd. Class H (2570), setting a price target of HK$86.00. The shares closed at HK$39.82, with an analyst consensus of Moderate Buy and a price target consensus of HK$83.00.

Shanghai REFIRE Group Ltd. Class H (2570) Gets a Buy from Exane BNP Paribas

REFIRE announced its annual results for 2025, with revenue recorded at 595 million RMB, a year-on-year decrease of 8.3%. The loss narrowed from 737 million RMB in the previous year to 603 million RMB, with a loss per share of 6.98 RMB. No final dividend will be distributed

AASTOCKS

REFIRE's annual loss narrowed to 603 million RMB

561360

159731

Saudi Aramco has commenced commercial sales of condensate from its Jafurah gas project, with the first cargo shipped to Thailand and India. The Jafurah project, the largest liquid-rich shale gas field in the Middle East, aims to produce 2 billion cubic feet per day of sales gas by 2030. While the condensate's impact on the refined products market is expected to be limited, the rise in production may affect the LPG market due to oversupply concerns. The Amiral petrochemical complex, set to start in 2027, may help mitigate future oversupply risks.

MorningStar

Guotai CSI Oil & Gas Industry ETF

VG Energy

ChinaAMC CSI Petrochemical Industry ETF

SolaX Power

Yinhua CSI Oil & Gas Resources ETF

SPDR O&G Ex & Prd

ISHRS S&P Glb Engy

SPDR Energy Select

E Fund CSI Petrochemical Industry ETF

TotalEnergies SE

VanEck Oil Refiners ETF

Alerian Energy Infrastructure ETF

China Universal CSI Oil & Gas Resources ETF

Bosera CSI Oil & Gas Resources Index ETF

Aramco Ships First Jafurah Condensate to Asia Following Phase 1 Launch — OPIS

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GUANZE MEDICAL(02427) rose 48.83%, with a trading turnover 119.8 Million HKD, and a year-to-date rose 739.6%. KNOWLEDGE ATLAS(02513) rose 42.72%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 523.9%. HAIZHI TECH GP(02706) rose 28.42%, with a trading turnover 1.3 Billion HKD, and a year-to-date rose 469.5%.

Top Gainers&Losers

GUANZE MEDICAL

KNOWLEDGE ATLAS

HAIZHI TECH GP

DOBOT

AXERA

GUOFUHEE

GLOBAL CHI BC

CNNC International

MINIMAX-W

Top 10 HK Stock Gainers (2.20)

REFIRE rose 15.94%; Weichai Power's transaction volume reached HKD 399 million; SANY International rose 2.73%, with a transaction volume of HKD 133 million; China National Heavy Duty Truck Group rose 2.45%, with a transaction volume of HKD 50.67 million; SANY Heavy Industry fell 0.61%, with a market value of HKD 241.3 billion

HK Stock Alerts

Hong Kong Stock Movement: REFIRE rises 15.94%, with clear capital flow, market volatility attracts attention

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GUOFUHEE(02582) rose 18.76%, with a trading turnover 501.3 Million HKD, and a year-to-date rose 28%. REFIRE(02570) rose 12.09%, with a trading turnover 291.3 Million HKD, and a year-to-date fell 20.3%. YANCOAL AUS(03668) rose 11.05%, with a trading turnover 246.7 Million HKD, and a year-to-date rose 36.5%.

YANCOAL AUS

YANKUANG ENERGY

SEAZEN

COSCO SHIP INTL

EASTROC

Sunac China

5100 XIZANG

COSCO SHIP ENGY

Top 10 HK Stock Gainers (2.4)

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Today, the Hong Kong stock market closed with a mixed performance. The Hang Seng Index rose slightly, while the Technology Index saw a significant decline. Sectors such as internet and retail faced pressure, with funds favoring new energy, hydrogen energy, and AI tracks. Trading activity was concentrated in emerging sectors. Core leaders Tencent Holdings and Alibaba experienced clear declines, and overall market sentiment remained cautious, with hotspots revolving around the rotation of individual stocks in emerging industries. Macro funds focused on manufacturing and trade balance impacts

- Hong Kong's stock market showed mixed results, with the Hang Seng Index closing at 26,847.32, up 0.05%, while the Hang Seng Tech Index fell 1.84%.  
- Key sectors like Internet content saw declines led by Tencent, down 3.96%, amid concerns over regulatory impacts on its WeChat services and overall lack of strong market drivers.  
- The retail sector weakened, with Alibaba and JD.com experiencing declines, while macroeconomic factors including fluctuating exchange reserves and PMI data have overshadowed market sentiment.

Market Pulse

TENCENT

KUAISHOU-W

BIDU-SW

BABA-W

JD-SW

MNSO

XIAOMI-W

LENOVO GROUP

LONGCHEER

ASIA TELE-NET

SPT ENERGY

MEITUAN

SMIC

Hong Kong Stock Market Closing | Hang Seng Index Slightly Up, Technology Index Declines Significantly, Guofu Hydrogen Energy Leads in Gains, Hotspots Concentrated in New Energy

REFIRE(02570.HK)