Core Viewpoint - China Duty Free Group has secured significant contracts for duty-free operations at major airports, enhancing its market position and expected to positively impact future performance [1][2] Group 1: Recent Contracts - China Duty Free Group's subsidiary won the bid for the duty-free project at Beijing Capital International Airport, with a minimum operating fee of 480 million yuan in the first year and a sales commission of 5% [1] - The company also won contracts for duty-free stores at Shanghai Pudong and Hongqiao International Airports, establishing a joint venture with Shanghai Airport, where it holds a 51% stake [2] Group 2: Financial Performance - In the first three quarters of the year, China Duty Free Group reported revenues of 39.86 billion yuan and a net profit of 4.42 billion yuan, reflecting year-on-year declines of 7.34% and 18.89% respectively [3] Group 3: Business Strategy - The company is optimizing its product offerings, shifting focus from traditional categories like cosmetics and tobacco to high-demand items such as electronics and health products [3] - Membership numbers have exceeded 45 million, with increasing engagement and repurchase rates, indicating a strong customer loyalty strategy [3] Group 4: Policy and Market Adaptation - The company is actively involved in providing feedback on operational challenges to government departments, aiming for continuous policy improvements that align with market needs [4] - Recent sales data from Hainan's duty-free market shows positive growth, attributed to product optimization, enhanced customer experience, and effective marketing strategies targeting younger consumers [4]

2025年12月18日，海南自由贸易港迎来全岛封关的历史性时刻，标志着海南对外开放迈入全新阶段，离岛免税产业也将登上更大的展示舞台。在此关键节 点，中免集团"封关启航"仪式在其标志性建筑"天际秘林"隆重举行。海南省人民政府副秘书长陈万馨、中国旅游集团副总经理刘昆出席活动，仪式标志着中 免集团旗下免税店将以全新姿态，积极迎接海南全岛封关运作的历史性机遇。中免集团以一场前所未有的消费盛事，将政策红利转化为惠及全球消费者的切 实福利，共迎自贸港新篇章。 中免将投入1.218亿元礼券于全岛发放，活动期间，使用指定支付方式可享"满1000元立减100元"优惠，海南居民凭有效证件更可专享中免海南门店免税购物 88折 。封关启动日当天，首单消费满100元即可获赠100中免积分。此外，12月18日至22日，支付宝"碰一下"支付顾客均有机会成为幸运"锦鲤"，赢取最高 1218元的随机免单。 本次年终盛典还特别设计了贯穿封关及跨年节庆的礼遇升级。2025年12月18日至2026年1月4日，覆盖香化、食品百货含金量十足的"低价换购"亦将在全岛六 店同步上线，进一步放大消费价值。 封关启航，中免集团以多维礼遇献礼时代新程 为迎接封关 ...

Group 1 - The stock price of China Duty Free Group (中国中免) on July 30 was 66.28 yuan, with a slight increase of 0.05 yuan, representing a 0.08% rise. The trading volume reached 267,870 hands, with a transaction amount of 1.78 billion yuan [1] - China Duty Free Group is a leading duty-free operator in China, primarily engaged in the retail of duty-free goods. The company operates duty-free stores in key cities and tourist destinations across the country, covering various categories such as cosmetics, luxury goods, clothing, and electronics [1] - Haikou Customs has recently implemented smart supervision measures, significantly enhancing the customs clearance efficiency of offshore duty-free goods through technologies like electronic tags and remote video inspections. Data shows that the time from warehousing to shelf for duty-free goods can be as short as 2 hours, saving 1.4 days compared to traditional methods. Since 2025, Sanya Customs has inspected 329 batches of offshore duty-free imported goods, with 80% adopting facilitation policies [1] Group 2 - On July 30, the net outflow of main funds for China Duty Free Group was 16.5697 million yuan, accounting for 0.01% of the circulating market value [2]