Core Viewpoint - The departure of Sunrise Duty Free marks the end of its dominance in the duty-free market at Beijing and Shanghai airports, with new operators taking over key projects, leading to increased competition in the industry [1][3][4]. Group 1: Company Developments - Wangfujing has won the bid for the duty-free project at Beijing Capital Airport's T2 terminal, with a guaranteed operating fee of 113 million yuan in the first year and a sales commission rate of 5% [3]. - China Duty Free Group has secured the T3 terminal project at Beijing Capital Airport, with a contract duration until February 10, 2034, enhancing its channel advantages in core domestic airports [3][4]. - The operating area for the duty-free projects at Shanghai airports has expanded significantly, with the total area at Pudong Airport increasing by approximately 1,181 square meters [5]. Group 2: Changes in Revenue Model - The revenue model for duty-free operations at Shanghai airports has shifted to a "fixed rent + commission" structure, moving away from the previous model of higher of minimum sales commission or actual sales commission [5][6]. - The fixed monthly fees for the new contracts at Pudong Airport range from 2,827 to 3,141 yuan per square meter, with commission rates varying between 8% and 24% depending on the product category [5][6]. Group 3: Market Dynamics - The duty-free market at Beijing and Shanghai airports is transitioning from a monopoly by Sunrise Duty Free to a "three-legged" competitive structure, allowing multiple operators to participate [9]. - The bidding process for airport duty-free projects has been designed to prevent any single operator from dominating, promoting a more market-oriented development in the industry [9][10]. - Experts believe that increased competition will enhance product offerings and service experiences for consumers, leading to a healthier development of the duty-free industry [10].

Core Viewpoint - Wangfujing Group has won the bid for the duty-free project at Beijing Capital International Airport, marking a significant expansion into a major international hub [1] Summary by Relevant Sections Bid Announcement - On December 26, Wangfujing received a bid notification from China National Tendering Co., Ltd., confirming its status as the winning bidder for the duty-free project at Terminal 2 of Beijing Capital International Airport [1] Financial Terms - The guaranteed operating fee for the first year is set at 113 million yuan, with a sales commission rate of 5% for the first year [1] - The operating period is from the contract start date until February 10, 2034, not exceeding 8 years [1] Strategic Implications - This project represents Wangfujing's first establishment in a super-large international hub airport, which is expected to enhance the scale and market share of its duty-free business [1] - The company stated that this bid win will not impact its performance in the fiscal year 2025 [1] Contractual Uncertainty - The project is still pending the signing of a formal contract, and the terms remain uncertain until the final contract is executed [1]

每经头条（nbdtoutiao）——涨疯了！黄金、铂金、白银通通创历史新高，美元大贬值！专家：美联储 独立性遭干预引发危机；前美联储理事：大幅降息重启房地产市场 （记者 曾健辉） 每经AI快讯，王府井（SH 600859，收盘价：15.46元）12月28日晚间发布公告称，王府井集团股份有限 公司于2025年12月26日收到招标代理机构中招国际招标有限公司发来的《中标通知书》，确定公司成为 北京首都国际机场免税项目02标段中标人。 2025年1至6月份，王府井的营业收入构成为：百货零售业占比85.22%，租赁占比14.78%。 截至发稿，王府井市值为174亿元。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 ...

证券代码：600859 证券简称：王府井 编号：临 2025－091 中标人：王府井集团股份有限公司； 首年保底经营费：11,300 万元； 首年销售额提成比例：5%； 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）。 王府井集团股份有限公司 关于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。 王府井集团股份有限公司（以下简称"公司"）于 2025 年 12 月 26 日收到招 标代理机构中招国际招标有限公司发来的《中标通知书》，确定公司成为北京首 都国际机场免税项目 02 标段中标人，现将有关情况公告如下： 一、项目中标概况 项目名称：北京首都国际机场免税项目； 中标标段：02 标段，T2 航站楼； 二、对公司的影响 如本项目签订正式合同并正常实施，将实现公司在国内超大型国际枢纽机场 的首次布局，有利于提升公司免税业务的规模及市场份额。 三、风险提示 本次中标事项不会对公司 2025 年度业绩产生影响。由于本次中标项目尚未 签订正式合同，合同条款尚存在不确定性，具体内 ...

如本项目签订正式合同并正常实施，将实现公司在国内超大型国际枢纽机场的首次布局，有利于提升公 司免税业务的规模及市场份额。 格隆汇12月28日丨王府井(600859.SH)公布，公司于2025年12月26日收到招标代理机构中招国际招标有 限公司发来的《中标通知书》，确定公司成为北京首都国际机场免税项目02标段中标人，首年保底经营 费11,300万元；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）。 ...

南财智讯12月28日电，王府井公告，公司于2025年12月26日收到招标代理机构中招国际招标有限公司发 来的《中标通知书》，确定公司成为北京首都国际机场免税项目02标段中标人。项目名称为北京首都国 际机场免税项目，中标标段为02标段，T2航站楼，首年保底经营费1.13亿元，首年销售额提成比例 5%，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）。如本项目签订正式合同并正 常实施，将实现公司在国内超大型国际枢纽机场的首次布局，有利于提升公司免税业务的规模及市场份 额。本次中标事项不会对公司2025年度业绩产生影响。由于本次中标项目尚未签订正式合同，合同条款 尚存在不确定性，具体内容以最终签署的合同为准。公司将根据项目的进展情况，按照相关法律法规及 上海证券交易所的相关规定，及时履行信息披露义务，敬请广大投资者谨慎决策，注意防范投资风险。 ...

Core Viewpoint - The company has been awarded the bid for the duty-free project at Beijing Capital International Airport, specifically for the T2 terminal, with a guaranteed operating fee and a sales commission structure [1] Group 1: Bid Announcement - The company received a bid notification from China National Tendering Co., Ltd. on December 26 [1] - The company is confirmed as the winning bidder for the duty-free project, specifically for section 02 at the airport [1] Group 2: Financial Terms - The guaranteed operating fee for the first year is set at 113 million yuan [1] - The sales commission rate for the first year is 5% of sales [1] - The operating period of the contract extends until February 10, 2034, with a maximum duration of 8 years [1]

Core Viewpoint - The company, Wangfujing (600859.SH), has been awarded the bid for the duty-free project at Beijing Capital International Airport, marking a significant business opportunity for the company in the retail sector [1] Group 1: Bid Announcement - The company received the bid notification from China National Tendering Co., Ltd. on December 26, 2025 [1] - The company is confirmed as the winning bidder for the duty-free project, specifically for section 02 [1] Group 2: Financial Implications - The guaranteed operating fee for the first year is approximately 113 million yuan [1] - The sales commission rate for the first year is set at 5% [1]

人民财讯12月28日电，王府井（600859）12月28日公告，公司于2025年12月26日收到《中标通知书》， 确定公司成为北京首都国际机场免税项目02标段中标人，首年保底经营费1.13亿元；首年销售额提成比 例5%；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)。如本项目签订正式合同并正常 实施，将实现公司在国内超大型国际枢纽机场的首次布局，有利于提升公司免税业务的规模及市场份 额。 ...

Core Insights - The company has been awarded the bid for the duty-free project at Beijing Capital International Airport, specifically for section 02 [1] - The guaranteed operating fee for the first year is approximately 113 million yuan, with a sales commission rate of 5% for the first year [1] Summary by Categories Company Announcement - The company received the bid notification from China National Tendering Co., Ltd. on December 26, 2025 [1] - The company is now the successful bidder for the duty-free project at Beijing Capital International Airport [1] Financial Implications - The first-year guaranteed operating fee is about 113 million yuan [1] - The sales commission for the first year is set at 5% [1]