Zhi Tong Cai Jing·2025-12-17 14:46Core Viewpoint - China Duty Free Group has been awarded the contract for duty-free shops at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport, enhancing its market position and operational capabilities in key domestic airports [1] Group 1: Contract Award and Joint Venture - The company received a "Notice of Winning Bid" from Shanghai International Airport Co., confirming that its subsidiary, China Duty Free Group, is the winning bidder for duty-free shop projects at both airports [1] - A joint venture has been established with an investment of RMB 102 million, where China Duty Free Group holds a 51% stake and Shanghai Airport holds 49% [1] - The joint venture will operate duty-free shops at specified terminals in both airports, enhancing the company's operational footprint in the region [1] Group 2: Business Impact and Growth Potential - The successful implementation of this project is expected to improve the company's channel advantages at core domestic airports [1] - The initiative aims to meet the diverse shopping needs of inbound and outbound travelers, thereby enhancing the overall duty-free shopping experience [1] - This development is anticipated to positively impact the company's future operational performance and drive high-quality growth in airport duty-free business [1]