Shang Hai Zheng Quan Bao·2025-12-17 19:20Core Viewpoint - China Tourism Group Duty Free Co., Ltd. has won the bid for duty-free shop projects at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport, enhancing its market position in domestic core airports [1][8]. Project Details - Project Name: Duty-free shop projects at Shanghai Pudong and Hongqiao International Airports [1]. - Bid Sections: Section Two for Pudong Airport (T2 terminal and S2 satellite hall) and Section Three for Hongqiao Airport (T1 terminal) [1][2]. - Winning Entity: China Duty Free Group [1]. - Fee Structure: Monthly fixed fee for Pudong is ¥3,090 per square meter, with commission rates from 8% to 24%; for Hongqiao, the fixed fee is ¥2,827 per square meter, with commission rates from 8% to 22% [1][5]. Contract Terms - Contract Duration: 5+3 years, starting from January 1, 2026, to December 31, 2033 [3][4]. - Area: Pudong Airport covers 9,630.98 square meters; Hongqiao Airport covers 2,470.55 square meters [2][7]. Financial Impact - The project is expected to enhance the company's channel advantages at key domestic airports, catering to diverse shopping needs of inbound and outbound travelers, thus promoting high-quality development of airport duty-free business [8]. Joint Venture - The company will invest ¥102 million to establish a joint venture with Shanghai Airport, holding 51% of the shares [7].