杭州铜师傅文创（集团）股份有限公司2025年度报告

杭州銅師傅文創（集團）股份有限公司 HANGZHOU TONGSHIFU CULTURAL AND CREATIVE (GROUP) CO., LTD. (A joint stock company incorporated in the People’s Republic of China with limited liability)（於中華人民共和國註冊成立的股份有限公司） Stock Code : 0664 股份代號 : 0664 Contents 2Definitions6Corporate Information9Chairman’s Statement11Financial Highlights12Business Review and Outlook16Management Discussion and Analysis28Profiles of Directors and Senior Management36Report of the Board of Directors58Corporate Governance Report93Environmental, Social and Governance Report141Independent Auditor’s Report147Consolidated Statement of Profit or Loss and OtherComprehensive Income148Consolidated Statement of Financial Position150Consolidated Statement of Changes in Equity151Consolidated Statement of Cash Flows153Notes to the Consolidated Financial Statements Definitions In this annual report, unless otherwise indicated in the context, the following expressions have the meanings set outbelow: Definitions “Mr. Yu” or “Single LargestShareholder” “PRC” or “China” “Remuneration and AppraisalCommittee” “Reporting Period” or “Year” Renminbi, the lawful currency of the PRC “RMB” Certain amounts and percentage figures included in this annual report have been subject to rounding. Accordingly,figures shown as totals in certain tables may not be an arithmetic aggregation of the figures preceding them. Anydiscrepancies in any table or chart between the total shown and the sum of the amounts listed are due to rounding. Corporate Information THE BOARD Executive Directors Mr. Yu Guang(Chairman)Mr. Luo RenxiangMr. He YunMs. Wang XiaoxiaMr. Chen Ruiguang(Employee Representative Director) Non-Executive DirectorMr. Xiao Feng Independent Non-Executive Directors Mr. Tu BishengDr. Huang WenliMr. Fong Chun Fai AUDIT COMMITTEE Mr. Fong Chun Fai(Chairman)Mr. Xiao FengMr. Tu Bisheng REMUNERATION AND APPRAISALCOMMITTEE Dr. Huang Wenli(Chairman)Mr. Tu BishengMr. Luo Renxiang NOMINATION COMMITTEE Dr. Huang Wenli(Chairman)Ms. Wang XiaoxiaMr. Fong Chun Fai STRATEGY COMMITTEE Mr. Yu Guang(Chairman)Mr. Luo RenxiangDr. Huang Wenli JOINT COMPANY SECRETARIES Ms. Xu JiayingMs. Leung Hoi Yan Corporate Information AUTHORISED REPRESENTATIVES Mr. Luo RenxiangMs. Leung Hoi Yan AUDITOR •8835 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35/F, One Pacific Place88 QueenswayHong Kong HONG KONG LEGAL ADVISER 17 Jun He Law Offices7/F, AIA Central1 Connaught Road CentralCentralHong Kong COMPLIANCE ADVISER 12813B Innovax Capital LimitedUnit B, 13/F, Neich Tower128 Gloucester RoadWanchai, Hong Kong REGISTERED OFFICE AND HEAD OFFICE INTHE PRC 777 No. 777 Yading Road, Yangxi SubdistrictJiande CityZhejiang ProvincePRC 16 PRINCIPAL PLACE OF BUSINESS IN HONGKONG REGISTERED UNDER PART 16 OF THECOMPANIES ORDINANCE 18346 46/FHopewell Centre183 Queen’s Road EastWan ChaiHong Kong Corporate Information H H SHARE REGISTRAR 183171712-1716 Computershare Hong KongInvestor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road East, Wan ChaiHong Kong PRINCIPAL BANKS 1289 China CITIC Bank Corporation LimitedHangzhou Jiande BranchNo. 1289 Yanzhou AvenueJiande City, HangzhouZhejiang Province, PRC 193 Bank of China Corporation LimitedHangzhou Jiande BranchNo. 193 Xin’an RoadXin’anjiang StreetJiande City, HangzhouZhejiang Province, PRC 0664 STOCK CODE 0664 www.tongshifu.com COMPANY WEBSITEwww.tongshifu.com 2025w a s a p i v o t a l y e a r f o r t h e C o m p a n y a s w e d i l i g e n t l ystrengthenedour core competencies and built momentum forlong-term development. In the face of a complex and volatile marketenvironment,all our colleagues worked together as one,stayingfocused on our main business, operating steadily, and keeping an eyeon the long-term future. Since the second half of 2025, the Companyhas launched a series of forward-looking initiatives centered aroundthreecore elements,namely,“production capacity,products,andchannels”, aimed at breaking through development bottlenecks andlaying a solid foundation for the Company’s leapfrog growth. 20252025 20263310664 Afteryears of dedication and relentless efforts,the Company wassuccessfully listed on the Main Board of The Stock Exchange of HongKong Ltd. on 31 March 2026 (stock code: 0664), officially steppingonto the international capital market stage and opening a new chapterof high-quality development. 2025202630%50% To address growing market demand, optimize delivery efficiency, andbreak through the long-standing production capacity constraints thathave limited sales, the Company officially commenced the preparatoryworkfor its second production center in the second half of 2025,which is expected to commence operations in the second quarter of2026. By then, the Company’s total production capacity is expected toincrease by 30% to 50%, significantly enhancing our product deliverycapabilities. 202540 Innovationis the driving force behind the C