铜师傅递表港交所 招银国际为独家保荐人

Core Viewpoint - Tongshifu has submitted an application for listing on the Hong Kong Stock Exchange, with CMB International acting as the sole sponsor for the listing [1] Company Summary - Tongshifu is the market leader in China's copper cultural and creative products market, holding a market share of 35.0% [1] - The copper cultural and creative products are the core category of Tongshifu's product line, with the top three participants accounting for over 71.9% of the market share [1] - The company's strengths lie in its creative and manufacturing model, strong brand, and active consumer community [1] - Revenue from copper cultural and creative products has consistently accounted for over 90% of the company's total revenue from 2022 to the first half of 2025 [1] - Tongshifu has expanded its business to include plastic trendy toys, silver cultural products, and gold cultural products to meet consumer demand for diverse and culturally expressive products [1] Industry Summary - The market size of China's metal cultural and creative products is projected to grow from 23.1 billion yuan in 2019 to 25.2 billion yuan in 2024, with a compound annual growth rate (CAGR) of 1.8% [1] - The copper craft products segment is expected to experience the strongest growth, with a CAGR of 7.3% from 2019 to 2024, and is projected to maintain a growth rate of 7.7% from 2024 to 2029, reaching 2.3 billion yuan [1] - The overall metal craft products market is expected to reach 29.4 billion yuan by 2029 [1]