Brand VerifiedChina

Hangzhou Tongshifu Cultural and Creative (Group) Co., Ltd.

Tongshifu

Tongshifu is China's largest copper-based cultural creative products company, founded in 2013 in Jiande, Hangzhou, China. Listed on the Hong Kong Stock Exchange (00664.HK) in March 2026, the company raised approximately HK$440 million in its IPO. Tongshifu operates a massive 160,000 m² manufacturing facility employing over 1,500 workers and achieved 2025 estimated revenue of ¥617 million (~$85 million). The brand dominates China's copper craft market with a 35% market share (per Frost & Sullivan) and has transformed traditional metal craftsmanship into industrialized pop-culture merchandise through partnerships with Marvel, Palace Museum, and top anime IPs.

Strengths: 35% market share in China's copper cultural creative market — the clear domestic category leader; super-factory manufacturing model — 160,000 m² facility enabling industrial-scale production of traditionally handcraft products; successful IP licensing strategy (Marvel, Palace Museum, popular Donghua anime) accessing Gen Z consumers; proprietary high-temperature color painting technique providing durable oxidation-resistant finishes; Xiaomi/Shunwei Capital backing providing strategic e-commerce and supply chain expertise.
Weaknesses: Post-IPO share price underperformance — stock traded below IPO price, indicating market skepticism about growth sustainability; over 90% revenue dependency on copper products creating material concentration risk; heavy reliance on third-party e-commerce platforms for distribution; limited international presence restricts total addressable market.

Business Nature

Industrialized craft manufacturing — Tongshifu has uniquely converted traditional handcraft copper art into standardized factory production, using automated casting lines, CNC finishing, and proprietary high-temperature color painting at its 160,000 m² Jiande mega-facility.
IP-driven product model: The company's core strategy is partnering with entertainment IP holders to produce officially licensed copper figurines, ornaments, and home décor items.

Core Business Areas

• Licensed Collectible Copper Figurines — Officially licensed Marvel, Palace Museum, and anime character statuettes with proprietary coloring
• Copper Home Décor — Vases, ornaments, wall art, and decorative objects combining traditional Chinese motifs with modern aesthetics
• Solid Copper Furniture & Fittings — Copper-accented furniture, door handles, and architectural hardware
• Cultural Creative Gift Collections — Festival-themed copper gift boxes, zodiac collections, and commemorative pieces
• Custom Corporate & IP Merchandise — Bespoke copper products for corporate clients and entertainment franchises

Industry Rankings

8Top 10 Artistic Metal Crafts Companies

Brand

17Top 10 Transportation Metal Components Companies

Brand

27Top 10 Daily Metal Products Brands

Brand

36Top 10 Industrial Mechanical Components Companies

Brand

37Top 10 Industrial Packaging Container Companies

Brand

Corporate Report

Tongshifu is a China-based copper cultural creative products company headquartered in Jiande, Hangzhou. Founded in 2013, the company listed on the Hong Kong Stock Exchange (00664.HK) in March 2026, raising HK$440 million. With over 1,500 employees and a 160,000 m² mega-factory, Tongshifu holds a 35% market share in China's copper craft sector with 2025 estimated revenue of ¥617 million.

Business Overview

Tongshifu has achieved something unprecedented in the metal crafts industry: the successful industrialization of traditional handcraft production. Its 160,000 m² Jiande facility combines automated casting lines with proprietary high-temperature color painting to produce copper figurines and décor at a scale and price point that traditional workshops cannot match. By partnering with top entertainment IPs — Marvel, Palace Museum, popular Chinese anime — Tongshifu has transformed metal crafts from a niche collector category into mainstream pop-culture merchandise accessible to Gen Z consumers.

Key Strengths

The 35% domestic market share, confirmed by Frost & Sullivan, demonstrates genuine category leadership. The super-factory model — 160,000 m² of production capacity — creates an insurmountable scale barrier for smaller competitors. Strategic backing from Xiaomi founder Lei Jun's Shunwei Capital provides both capital and e-commerce expertise. The proprietary high-temperature color painting technique solves a critical technical challenge: preventing copper oxidation while enabling vibrant, durable decorative finishes.

Challenges & Outlook

Post-IPO share price underperformance signals market concerns about sustainable growth beyond the initial domestic market saturation. Revenue remains over 90% dependent on copper products, creating material concentration vulnerability. Heavy distribution reliance on third-party e-commerce platforms introduces margin pressure and channel dependency. International expansion remains minimal, limiting total addressable market. The IPO proceeds designated for capacity expansion (24% of funds) should help address production bottlenecks and support future growth.

VerityRank Score of 82/100

VerityRank Score

82/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Yangxi Subdistrict, Jiande, Hangzhou, Zhejiang 311600, China

Founded

2013

Employees

1,500+ (at 160,000 m² mega-factory in Jiande, Hangzhou)

Factories

1 mega-facility — 160,000 m² factory floor, Jiande, Hangzhou

Listing

HKEX: 00664

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: Official Website , Tongshifu Official
Deloitte — Tongshifu HKEX Listing
uSMART — Tongshifu IPO Analysis
Moomoo — Tongshifu Company Profile

Back to Rankings