Shanghai REFIRE Group Ltd
Shanghai REFIRE Group Ltd (HKSE: 2570) is trading at HK$6.97, about ₹85 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, down 4.78% today. Indian residents can buy Shanghai REFIRE from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$5.00
Today's high
HK$7.65
52 week low
HK$5.00
52 week high
HK$179.20
2570 opened at HK$5.00, closed previously at HK$7.32, and has traded between HK$5.00 and HK$179.20 over the past 52 weeks.
About
Shanghai REFIRE Group Ltd is a Chinese enterprise dedicated to the research, development, manufacturing, and commercialization of hydrogen fuel cell systems, hydrogen production systems, and their related components. The company's business activities are categorized into several key areas: the sale of hydrogen fuel cell systems and components, the provision of engineering and technical services for fuel cells, and the sales of hydrogen production systems and their associated parts. Its primary offerings include electrolysis-based systems and critical components for converting electricity into hydrogen, as well as hydrogen fuel cell systems and essential parts for generating electricity from hydrogen. These advanced solutions are deployed worldwide, providing comprehensive hydrogen technology across various sectors such as commercial vehicles, power generation facilities, construction equipment, and hydrogen production.
Key statistics
Avg. volume
619.49K
Market cap
HK$618.53M
P/E Ratio
-0.88
Price-to-sales ratio
0.91
Enterprise value
CN¥1.49B
Free cash flow yield
-88.39%
Debt-to-equity ratio
0.82
Return on equity
-30.62%
ROIC
-10.98%
Beta
1.36
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥579.78M
Earnings per share
-CN¥6.80
Free cash flow
-CN¥467.13M
Net profit margin
-101.28%
Gross margin
11.54%
EBITDA
-CN¥416.20M
Revenue growth
-10.63%
Similar securities
This is not an investment recommendation
How to buy Shanghai REFIRE from India
Indian residents can buy Shanghai REFIRE shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Shanghai REFIRE and place an order
Find Shanghai REFIRE by name or by its ticker, 2570, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Shanghai REFIRE trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Shanghai REFIRE position in HKD and INR. Shanghai REFIRE pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Shanghai REFIRE from India
Trading and taxes when buying Shanghai REFIRE from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneShanghai REFIRE does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Shanghai REFIRE stock?
Yes. Shanghai REFIRE (2570) has been listed on the Hong Kong Stock Exchange since 2024, in the Industrial - Machinery industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Shanghai REFIRE share cost in rupees?
One Shanghai REFIRE share is HK$6.97 — about ₹85 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the Shanghai REFIRE price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Shanghai REFIRE from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Shanghai REFIRE?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Shanghai REFIRE shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Shanghai REFIRE price. Paasa issues a capital-gains statement for your return.
Does Shanghai REFIRE pay a dividend?
No. Shanghai REFIRE does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Shanghai REFIRE from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is Shanghai REFIRE a Hong Kong SAR China company, and does that change how it is taxed?
Shanghai REFIRE trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Shanghai REFIRE trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Shanghai REFIRE shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Shanghai REFIRE holding, its cost and its closing value.
How do I sell Shanghai REFIRE and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.