Core Viewpoint - China Duty Free Group, a wholly-owned subsidiary of China National Duty Free Group, has won the bid for the duty-free project at Beijing Capital International Airport, with a minimum operating fee of 480 million yuan for the first year and a sales commission rate of 5% for the first year [1] Group 1 - The project contract duration is from the start date specified in the contract until February 10, 2034, not exceeding 8 years [1] - Winning this bid will enhance the company's channel advantages in core domestic airports, catering to the diverse shopping needs of inbound and outbound travelers [1] - The project aims to improve the diversified duty-free shopping experience, thereby promoting high-quality development of airport duty-free business [1]

Core Viewpoint - China Duty Free Group, a wholly-owned subsidiary of China National Duty Free, has won the bid for the duty-free project at Beijing Capital International Airport, with a guaranteed operating fee of 480 million yuan for the first year and a sales commission rate of 5% for the first year [1] Group 1 - The contract duration is set from the start date specified in the agreement until February 10, 2034 [1] - Winning this project will enhance the company's channel advantages at core domestic airports, catering to the diverse shopping needs of inbound and outbound travelers [1] - The successful implementation of this project is expected to positively impact the company's future operating performance [1]

Core Viewpoint - China Duty Free Group has secured significant contracts for duty-free operations at major airports, enhancing its market position and expected to positively impact future performance [1][2] Group 1: Recent Contracts - China Duty Free Group's subsidiary won the bid for the duty-free project at Beijing Capital International Airport, with a minimum operating fee of 480 million yuan in the first year and a sales commission of 5% [1] - The company also won contracts for duty-free stores at Shanghai Pudong and Hongqiao International Airports, establishing a joint venture with Shanghai Airport, where it holds a 51% stake [2] Group 2: Financial Performance - In the first three quarters of the year, China Duty Free Group reported revenues of 39.86 billion yuan and a net profit of 4.42 billion yuan, reflecting year-on-year declines of 7.34% and 18.89% respectively [3] Group 3: Business Strategy - The company is optimizing its product offerings, shifting focus from traditional categories like cosmetics and tobacco to high-demand items such as electronics and health products [3] - Membership numbers have exceeded 45 million, with increasing engagement and repurchase rates, indicating a strong customer loyalty strategy [3] Group 4: Policy and Market Adaptation - The company is actively involved in providing feedback on operational challenges to government departments, aiming for continuous policy improvements that align with market needs [4] - Recent sales data from Hainan's duty-free market shows positive growth, attributed to product optimization, enhanced customer experience, and effective marketing strategies targeting younger consumers [4]

Group 1 - The core point of the article is that China Duty Free Group, a wholly-owned subsidiary of China National Duty Free Corporation, has won the bid for the duty-free project at Beijing Capital International Airport, confirming its position as the contractor for the project [1] - The guaranteed operating fee for the first year is set at 480 million yuan, indicating a significant financial commitment from the company [1] - The sales commission rate for the first year is established at 5%, which will contribute to the company's revenue from this project [1]

证券代码：601888 证券简称：中国中免 公告编号：临2025-039 中国旅游集团中免股份有限公司 关于全资子公司项目中标的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025 年 12 月 26 日，中国旅游集团中免股份有限公司（以下简称"公司"） 收到中招国际招标有限公司发来的《中标通知书》，确认公司全资子公司中国免 税品（集团）有限责任公司为北京首都国际机场免税项目 01 标段的中标人。具体 情况如下： 一、中标项目情况 （五）经营期限：自合同约定的起始日起至 2034 年 2 月 10 日止（不超过 8 年） （一）项目名称：北京首都国际机场免税项目 （二）中标标段：01 标段，T3 航站楼 （三）中标人：中国免税品（集团）有限责任公司 （四）中标金额：首年保底经营费 48,027 万元，首年销售额提成比例 5% 1 特此公告。 二、对公司的影响 上述项目签约后，公司于国内核心机场的渠道优势将进一步提升，有利于满 足出入境旅客多层次、多样化的购物需求，提升多元化免税购物体验，进而推动 机场免税业务高质量发 ...

Core Viewpoint - China Duty Free Group, a wholly-owned subsidiary of China National Duty Free, has won the bid for the duty-free project at Beijing Capital International Airport, with a guaranteed operating fee of 480 million yuan for the first year and a sales commission rate of 5% for the first year [1] Group 1 - The project will enhance the company's channel advantages in key domestic airports [1] - It is expected to promote the high-quality development of airport duty-free business [1] - The operating period of the contract is from the agreed start date until February 10, 2034 [1] Group 2 - The contract terms still contain uncertainties, with specific details to be confirmed in the final signed contract [1]

Core Viewpoint - China Duty Free Group has won the bid for the duty-free project at Beijing Capital International Airport, which is expected to enhance the company's channel advantages and improve the shopping experience for travelers [1] Group 1: Project Details - The project bid amount is approximately 480 million yuan for the first year, with a sales commission rate of 5% for the first year [1] - The operational period of the contract is set from the start date until February 10, 2034, not exceeding 8 years [1] Group 2: Strategic Implications - Winning this project will further strengthen the company's position in core domestic airport channels, catering to diverse shopping needs of inbound and outbound travelers [1] - Successful implementation of the project is anticipated to positively impact the company's future operational performance [1] Group 3: Contract Status - The company has not yet signed a formal contract, and the terms remain uncertain until the final contract is executed [1] - The company will continue to monitor the project's progress and fulfill information disclosure obligations as required by domestic and international laws [1]

Core Viewpoint - The company, China Duty Free Group, has won a bid for the duty-free project at Beijing Capital International Airport, which is expected to enhance its core airport channel advantages and promote the development of airport duty-free business [1] Summary by Sections Project Details - The company’s wholly-owned subsidiary, China Duty Free Group Co., Ltd., won the bid for the duty-free project at Terminal 3 of Beijing Capital International Airport [1] - The bid amount includes a guaranteed operating fee of 480.27 million yuan for the first year and a sales commission rate of 5% for the first year [1] - The operating period for the project is set to last until 2034 [1] Strategic Implications - Winning this bid is expected to enhance the company's competitive position in domestic core airport channels [1] - The project is anticipated to drive the growth of the airport duty-free business [1] Contractual Status - The company has not yet signed a formal contract, indicating that there are uncertainties regarding the terms [1]

| 601888 中国中免 | 2.771Z | 3.05% | 代码 名称 主力净流入 (元) 主力净占比 游资净流入 (元) 游资净占比 散户净占比 -3984.24万 | -0.44% | -2.37 Z | -2.61% | | --- | --- | --- | --- | --- | --- | --- | | --- | | | | | | | 证券之星消息，12月26日旅游零售板块较上一交易日上涨8.32%，中国中免领涨。当日上证指数报收于 3963.68，上涨0.1%。深证成指报收于13603.89，上涨0.54%。旅游零售板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | --- | | 601888 | 中国中免 | 92.30 | 8.32% | | 100.83万 | | 90.84亿 | 从资金流向上来看，当日旅游零售板块主力资金净流入2.77亿元，游资资金净流出3984.24万元，散户资 金净流出2.37亿元。旅游零售板块个股资金流 ...

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