新股消息 | 铜师傅递表港交所 2024年中国铜质文创工艺产品市场按总收入计位列第一

Core Insights - The company, Tong Shifu, is a leading cultural and creative product brand rooted in Chinese cultural heritage, holding the top position in the copper cultural craft product market in China with a market share of 35.0% as of December 31, 2024 [2] - The copper cultural craft products remain the core category of Tong Shifu's product matrix, with the top three market participants collectively accounting for over 71.9% of the market by revenue as of December 31, 2024 [2] Financial Performance - For the years 2022, 2023, and 2024, Tong Shifu's revenues were approximately RMB 503.2 million, RMB 506.4 million, and RMB 571 million respectively, with net profits of RMB 56.9 million, RMB 44.1 million, and RMB 78.0 million [6][8] - The revenue from copper cultural products for the same years was approximately RMB 480 million, RMB 488 million, and RMB 551 million, representing 95.4%, 96.3%, and 96.6% of total revenue respectively [5][6] Product Offering and Market Strategy - As of December 31, 2024, the company offered 2,485 SKUs, with new SKUs launched each year being 464, 382, and 574 respectively [9] - The company relies heavily on online sales, with online direct sales and online distribution channels accounting for over 80% of total revenue in 2022, approximately 79% in 2023, and about 77% in 2024, indicating a continued strategic reliance on digital platforms [9] Intellectual Property and R&D - As of December 31, 2024, Tong Shifu has obtained 1,575 copyrights, 285 design patents, 12 utility model patents, 9 software copyrights, and 2 invention patents [6] - The company has established a dedicated creative R&D system supported by 119 R&D personnel to bolster its IP strategy [6]