CTG DUTY-FREE(SH:601888) Huan Qiu Wang·2025-09-19 04:33Group 1 - The core advantage of China Duty Free Group (CDFG) lies in its state-owned enterprise brand and strong resource integration capabilities, which enhance its global competitiveness [1][2] - CDFG has signed contracts with over 400 Chinese brands since the establishment of the "National Tide Going Abroad Project Team" in 2024, creating a new path for internationalization from a product perspective [1][2] - The company has adopted innovative cooperation models and upgraded resource integration strategies, leading to optimized resource allocation and improved market competitiveness [2][3] Group 2 - CDFG's international business growth is supported by three innovative features: breakthrough cooperation models, upgraded resource integration, and strengthened strategic attributes [3][5] - The Colombo Port City duty-free store in Sri Lanka offers over 400 international brands and has adjusted its product structure to meet local consumer preferences, effectively driving local consumption [3][6] - The temporary store of Chow Tai Fook in Tokyo exemplifies CDFG's "brand reverse linkage" strategy, showcasing its ability to assist Chinese brands in entering international markets [5][6] Group 3 - The global duty-free market is projected to reach 743.7 billion yuan by 2026, with China's share expected to rise to 44.8%, presenting significant growth opportunities for the industry [6][7] - CDFG aims to establish a dual-cycle pattern of "local deep cultivation + international expansion" to become a globally competitive tourism retail operator [7][9] - The company plans to implement a dual-track regional layout strategy, focusing on deepening core markets while testing mature markets with low-risk approaches [7][9]