---
title: "《The Most Stable IPO Play for the 2026 Hong Kong Market: Buying Leading Stocks That \"Come with Gold and Silver\" - Is Copper Master's IPO Worth a Ride?》"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39510476.md"
description: "Honestly, the market recently has made people scared of IPOs. Either the stock breaks issue price and plummets, or you find out the company has nothing but a PPT, with cash flow cleaner than your face. At a time like this, if there's a company where buying its stock is equivalent to storing actual refined copper, silver, and gold in its warehouse for you, doesn't that feel much more reassuring instantly? This is Copper Master's "reassurance pill" — you buy stocks for expectations, but you buy the material for value preservation. What do retail investors fear most about a tangible "ballast stone"? They fear concepts, stories, and hot air. Copper Master is different, when you buy its stock..."
datetime: "2026-03-25T11:27:10.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39510476.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39510476.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39510476.md)
author: "[付轶啸](https://longbridge.com/en/profiles/4968.md)"
---

# 《The Most Stable IPO Play for the 2026 Hong Kong Market: Buying Leading Stocks That "Come with Gold and Silver" - Is Copper Master's IPO Worth a Ride?》

Honestly, the market recently has made people afraid of IPOs. Either they break issue price and plummet, or you discover the company has nothing but a PPT, with cash flow cleaner than your face. At a time like this, if there's a company where buying its stock is equivalent to storing real refined copper, silver, and gold in its warehouse for you, doesn't that instantly feel much more secure?

This is Tong Shifu's "reassurance pill" — stocks buy expectations, but materials buy value preservation.

The Tangible "Ballast Stone"

What do retail investors fear most? Concepts, stories, hot air. Tong Shifu is different. When you buy its stock, it corresponds to piles of copper lumps, silver ingots, and gold bricks in the warehouse.

Look at their product lines: copper cultural and creative products are the foundation, gold cultural and creative products (Xijiang Gold Shop) are the growth driver, plus silver and wood product lines. These aren't virtual membership points or software code that can become obsolete anytime; they are genuine precious metals and hard assets. Even in the worst-case scenario of company liquidation, melting down these copper materials, gold, and silver can recover a significant portion of the investment.

What do you call this? This is the "ballast stone of physical assets." Compared to those consumer stocks purely driven by concept hype, Tong Shifu's products inherently carry precious metal residual value. The copper gourd you bought for a thousand yuan, even if you dislike it after ten years, the copper price is still there; the gold Buddha you bought for thirty thousand yuan, you can secretly rejoice when the gold price rises. This "floor on losses" safety cushion is too important for risk-averse retail investors.

Lei Jun has invested, what are you afraid of?

Following smart money usually doesn't go too far wrong. The prospectus shows that Lei Jun-affiliated Shunwei Capital and Tianjin Jinmi are both significant shareholders of Tong Shifu. What's Lei Jun's investment style? Either companies that change life like Xiaomi, or those that change mobility like Nio.

What does he see in Tong Shifu? He sees that this bronze horse, this gold gourd, can enter the desks and living rooms of thousands of households. As the absolute leader in the copper cultural and creative market (35.0% market share), Tong Shifu isn't the type of company that burns cash for growth, but a business that genuinely sells products and steadily makes money. With a net profit of 79 million yuan in 2024 and a gross margin of over 35%, this kind of "self-sustaining" company is a scarce resource in today's Hong Kong stock market.

Not Just a String of Code, But a Cultural Heritage

For retail investors, the biggest fear when buying stocks is becoming "a string of cold code." But Tong Shifu is different. Buying its stock feels like storing a batch of artworks in your own warehouse.

Even better, this is also a dividend play on the overseas expansion of traditional Chinese culture. The prospectus clearly states they have begun laying out in Taiwan and the US, with plans to enter Southeast Asia next. Imagine stores on New York's Fifth Avenue or Tokyo's Ginza displaying not European antiques, but Chinese craft copper sculptures and gold Buddha statues—this isn't just an investment, it's participating in a cultural export.

Hedging + Growth, This is Retail Investors' "Steady Happiness"

In the current market environment, purely high-risk plays are too scary to touch, and purely low-yield ones are unappealing. Tong Shifu happens to be at this golden intersection of "hedging + growth";

\- Hedging: The warehouse has real gold, silver, copper, and iron; the materials preserve value，不怕归零；

\- Growth: Offline hundred-store expansion plan, gold category explosion, cultural 出海增量。

For retail investors, applying for the Tong Shifu IPO isn't about gambling on an elusive story, but owning tangible physical assets and sharing the growth 红利 of a 细分龙头。

A bronze horse, a share of hope; with copper in hand, the heart is calm. In this turbulent market, this might be the "steady happiness" we need most.$TONGSHIFU(00664.HK) $EXTREME VISION(06636.HK) $LAOPU GOLD(06181.HK)

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## Comments (1)

- **dgjkh · 2026-04-02T01:24:15.000Z**: How has the teacher's recent performance been?