WUSHANG GROUP(SZ:000501) Jing Ji Guan Cha Wang·2025-05-30 05:06Group 1: Core Insights - The opening of the first city duty-free shop in Wuhan marks a significant milestone in the city's commercial landscape, following the implementation of the "Hubei Province Consumption Promotion Special Action Implementation Plan" [2] - The city duty-free shop is located in the high-end shopping center, Wushang MALL, which is recognized as the "first business circle in Central China" and is expected to attract over 32 million visitors in 2024, contributing to a sales volume exceeding 10 billion [3] - The joint venture company has signed contracts for over 100 international brands across various categories, including cosmetics, fine wines, and cultural products, promoting local heritage items through the duty-free shop [3] Group 2: Operational Details - The duty-free shop successfully passed customs inspection on May 16, meeting all regulatory requirements for sales areas, warehouses, and information systems, and is equipped with nearly 200 surveillance cameras to ensure the security of the sales process [4] - The project is expected to cater to the consumption needs of over 2 million international travelers annually in Hubei [4] - A self-developed itinerary verification system has been launched to enhance the shopping experience for outbound tourists, ensuring efficient and secure pickup of duty-free goods [3]