TONGSHIFU
| Register Close | 2026/03/26 IPO Closing in 2 Days |
| Listing Date | 2026/03/31 |
| Register Close | 2026/03/26 IPO Closing in 2 Days |
| Listing Date | 2026/03/31 |
Hangzhou Tongshifu Cultural and Creative (Group) Co. has focused on developing copper-based cultural and creative products by integrating traditional techniques with modern design and usage scenarios since its inception. According to the report, the Group ranked No. 1 in China’s copper-based cultural and creative crafts market in terms of overall revenue for the year ended December 31, 2024, with a market share of 35%.
The Group’s products can be classified into four main categories based on material and craftsmanship: copper-based cultural and creative products, plastic figures and toys, silver cultural and creative products, and gold cultural and creative products. Copper-based cultural and creative products remain at the core of the Group’s offerings. Two of the Group’s most iconic and best-selling copper ornament series are the Copper Gourd series and the Great Sage series.
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As of September 30, 2025, the Group had obtained 1,776 artistic copyrights, 171 design patents, 12 utility model patents, 9 software copyrights and 3 invention patents.
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The Group’s in-house production is conducted at its Hangzhou Facility. Given that a substantial majority of the Group’s revenue is derived from its online flagship stores, the vast majority of its customers are individual end consumers.
| Market | Hong Kong (Main Board) |
| Business Nature | Household & Personal Products |
| Major Business Area | China |
| Board Lot | 100 |
| No. of Offer Shares | 7.41M H shares |
| No. of International Offer Shares | 6.67M H shares |
| No. of HK Offer Shares | 0.74M H shares |
| Offer Price | $60.00 - $68.00 |
| Stock Code | 664 |
| Sponsor(s) | CMB International Capital Limited |
| Underwriter(s) | CMB International Capital Limited, CLSA Limited, ABCI Securities Company Limited, China Everbright Securities (HK) Limited, Livermore Holdings Limited, Futu Securities International (Hong Kong) Limited, Patrons Securities Limited |
| Application Period | Mar 23 (Mon) - noon, Mar 26 (Thu) |
| Price Determination Date | Mar 27 (Fri) |
| Result Announcement Date | On or before Mar 30 (Mon) |
| Result Announcement Date | On or before Mar 30 (Mon) |
| Result Announcement Date | On or before Mar 31 (Tue) |
| Dealings in Shares commence on | Mar 31, 2026. (Tue) |
| Offer Price | $60.00 - $68.00 |
| Capitalization | 3.86B - 4.38B |
| NAV / share ($) | $14.09 - $14.97 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 64, the net proceeds raised would be HKD 417.90M, of which |
| 38% : Invest in product development and design capabilities |
| 24% : Enhance production capacity and fulfillment agility |
| 24% : Strengthen sales channels and marketing capabilities |
| 4% : Upgrade digital and information infrastructure |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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