Jin Rong Jie·2025-12-18 04:11Core Viewpoint - China Duty Free Group (01880.HK) has won the bid for duty-free store projects at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport, with an operation transfer period of 5+3 years from January 1, 2026, to December 31, 2033 [1] Group 1 - The company will invest RMB 102 million to establish a joint venture with Shanghai Airport, where China Duty Free Group holds a 51% stake and Shanghai Airport holds 49% [1] - The joint venture will operate duty-free stores at the international areas of Terminal 2 and S2 Satellite Hall of Shanghai Pudong International Airport and Terminal 1 of Shanghai Hongqiao International Airport [1] - Winning this project will enhance the company's channel advantages at core domestic airports, catering to the diverse shopping needs of inbound and outbound travelers, and improving the overall duty-free shopping experience [1] Group 2 - Successful implementation of the project is expected to positively impact the company's future operating performance [1]