Core Viewpoint - Wangfujing Group has won the bid for the duty-free project at Beijing Capital International Airport, marking a significant expansion into a major international hub [1] Summary by Relevant Sections Bid Announcement - On December 26, Wangfujing received a bid notification from China National Tendering Co., Ltd., confirming its status as the winning bidder for the duty-free project at Terminal 2 of Beijing Capital International Airport [1] Financial Terms - The guaranteed operating fee for the first year is set at 113 million yuan, with a sales commission rate of 5% for the first year [1] - The operating period is from the contract start date until February 10, 2034, not exceeding 8 years [1] Strategic Implications - This project represents Wangfujing's first establishment in a super-large international hub airport, which is expected to enhance the scale and market share of its duty-free business [1] - The company stated that this bid win will not impact its performance in the fiscal year 2025 [1] Contractual Uncertainty - The project is still pending the signing of a formal contract, and the terms remain uncertain until the final contract is executed [1]
王府井中标首都机场T2免税标段,首年保底经营费1.13亿元