A hub shell is used as a part of a bicycle generator hub. The hub shell comprises a main body and a magnet arrangement section. The main body has a tubular shape with an internal circumferential surface. The magnet arrangement section is provided on the internal circumferential surface of the main body to arrange a magnet formed therein by injection molding. The magnet arrangement section includes an even section and a non-even section, the non-even section being configured as one of a recess and a protrusion with respect to the even section.