Deloitte China assists the listing of Tongshifu on SEHK
Deloitte China supported the listing of Hangzhou Tongshifu Cultural and Creative (Group) Co. – H Shares (Tongshifu, stock code: 00664.HK) on the Stock Exchange of Hong Kong (SEHK) on 31 March 2026.
In this global offering, Tongshifu offered 7.4 million H shares at HKD60 each, raising approximately HKD444 million.
(6th from the left) Sunchao Gao, David Leung, Eastern Region Offering partners of Capital Market Services Group (CMSG) of Deloitte China; Yu Guang, Chairman of the Board, executive director and general manager of Tongshifu; Dick Kay, National leader of CMSG of Deloitte China; Tommy Chan, Eastern Region offering partner of CMSG; Jonathan Zhao, Eastern Region A-Share offering service leader of CMSG; Maggie Shun, Audit & Assurance (A&A) senior manager; Claire Cao, A&A manager; Daisy Hu, Oscar Jiang, senior auditor, attend the Tongshifu’s listing ceremony at Hong Kong Stock Exchange together with representatives from other intermediary organizations.
(from left) Tommy Chan, Jonathan Zhao, Dick Kay, David Leung, Luo Renxiang, executive director, deputy general manager and financial director of Tongshifu, Sunchao Gao, Claire Cao, Maggie Shun, Daisy Hu and Oscar Jiang attend the listing ceremony of Tongshifu at Hong Kong Stock Exchange.
Client overview
Originating as a copper workshop steeped in classical Chinese techniques, Tongshifu has evolved into a cultural brand that focuses on original design and research and development. The company offers four core categories: copper, silver, gold cultural products, and plastic figurines and toys, integrating traditional craftsmanship with modern technology to meet diverse consumer and market needs.
By combining traditional culture with contemporary intellectual properties (IP) through mythology, museums, animation and entertainment, and cooperating with top cultural IPs including the Palace Museum and Dunhuang, the brand enhances product cultural value and market competitiveness. Its IP strategy not only drives short-term popularity but also builds emotional connections and cultural identity, ensuring long-term brand development.
According to the F&S Report, Tongshifu ranked 1st in China’s copper-based cultural and creative crafts market in terms of overall revenue for the year ended 31 December 2024, with a market share of 35%.
Deloitte's role
The Tongshifu listing spanned industry cycles, bearing witness to the resilience of the company and Deloitte's service teams. As a core service institution of this new listing engagement, Deloitte China has been deeply involved in the entire process of this IPO. This successful listing demonstrates Deloitte’s rich professional expertise and cross-market service capabilities. The engagement team worked closely with various professional parties, provided high-quality services with rich industry experience and excellent professional capabilities to assist Tongshifu list on the Main Board of the SEHK.
Deloitte China congratulates Tongshifu on its successful listing on the SEHK. We will continue to provide high-quality professional services and outstanding resource integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.
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