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铜师傅赴港上市:年营收近6亿,小米顺为加持,俞光掌握26%表决权
Sou Hu Cai Jing·2025-05-09 18:17

Core Viewpoint - Hangzhou Tongshifu Cultural and Creative Group has officially submitted its listing application to the Hong Kong Stock Exchange, marking a significant step towards entering the capital market [1] Group 1: Company Development - Tongshifu initially planned to list on the Shenzhen Stock Exchange's Growth Enterprise Market with the help of CICC in 2022, but later decided to terminate this partnership and pursue a listing in Hong Kong [1] - The company was founded in 2013 and focuses on integrating traditional craftsmanship with modern design through a vertically integrated model encompassing research, design, production, and sales [3] Group 2: Shareholder Structure - Notable shareholders include Shunwei Capital and Xiaomi Group, with Xiaomi's co-founder Li Wanqiang being a key figure in the company's early development [1] - The founder and CEO, Yu Guang, holds approximately 26.27% of the voting rights, making him the actual controller of the company [9] - Shunwei Capital holds 13.39% and Tianjin Jinmi, a subsidiary of Xiaomi, holds 9.56%, indicating a stable shareholder structure that supports future capital operations [9] Group 3: Financial Performance - Revenue figures for Tongshifu from 2022 to 2024 are projected to be 500 million RMB, 506 million RMB, and 571 million RMB, respectively, showing steady growth [8] - The gross profit margin improved from 32.2% in 2022 to 35.4% in 2024, with gross profit reaching 200 million RMB in 2024, indicating strong profitability and market adaptability [8] - The net profit for 2024 is expected to be 78.98 million RMB, with a net profit margin of 13.8%, reflecting effective cost control and quality management [8]