WUSHANG GROUP(SZ:000501) Chang Jiang Shang Bao·2025-05-19 23:29Core Viewpoint - The establishment of Wuhan's first city duty-free shop marks a significant development in the retail landscape, aligning with new government policies aimed at boosting consumer spending and tourism [2][3][4]. Group 1: City Duty-Free Shop Launch - Wuhan's first city duty-free shop will begin trial operations on May 30, making it the first of its kind to open following the new policy [2]. - The city duty-free shop is designed to sell duty-free goods to international travelers about to depart, with plans for similar shops in eight other cities [2]. Group 2: Investment and Operations - A joint venture agreement was signed between Wushang Group and Wangfujing to establish a city duty-free shop in Wuhan, with a registered capital of 80 million yuan, where Wushang holds 49% and Wangfujing 51% [3]. - The shop will offer a variety of consumer goods, including food, clothing, accessories, and electronics, catering to both international travelers and local citizens [3]. Group 3: Strategic Alignment and Financial Performance - The opening of the city duty-free shop aligns with Wushang Group's strategic goals to expand into new markets and enhance consumer spending [4]. - In Q1, Wushang Group reported total revenue of 1.787 billion yuan, a decrease of 8.62% year-on-year, while net profit attributable to shareholders increased by 2.85% to 143 million yuan [4].