Core Viewpoint - The company is focused on deepening its presence in the commercial services industry, leveraging a dual engine of tax and duty-free operations to strengthen its development foundation [2] Group 1: Business Strategy - The company aims to enhance its retail ecosystem by promoting deep integration and collaborative empowerment across various formats such as outlets, shopping centers, department stores, and duty-free operations [2] - The company is committed to expanding through a multi-channel approach that integrates online and offline strategies, utilizing digital transformation to reshape its operational system and activate growth momentum [2] Group 2: Innovation and Consumer Focus - The company is dedicated to continuous innovation and transformation, driving iterative upgrades in its business model and extending its value boundaries to meet consumer demands for a better quality of life [2] - The company emphasizes the importance of maintaining investor interests while pursuing its growth objectives [2]

Core Viewpoint - The company emphasizes its commitment to digital transformation and the integration of new technologies into its business operations, particularly through innovative projects like the Wangfujing Art Cloud Digital Art Center [1] Group 1: Digital Transformation Initiatives - The company is actively exploring the application of new technologies in business scenarios, including the introduction of the Wangfujing Art Cloud Digital Art Center at its flagship store, which aims to create a new cultural landmark [1] - The project focuses on developing immersive interactive experiences that blend digital art with commercial spaces, enhancing consumer engagement and creating a new green consumption experience [1] Group 2: Customer Service and Experience Enhancement - The company is working on upgrading its customer service system through intelligent automation, leveraging omnichannel capabilities to connect online and offline shopping experiences [1] - Efforts include optimizing key processes such as shopping consultations and after-sales services, with AI-driven product recommendations aimed at improving customer experience and commercial conversion rates [1] Group 3: New Media and Content Innovation - The company is experimenting with intelligent products and new technologies to develop an intelligent editing model for its new media channels, enhancing the quality of promotion, service, and content creation [1] - The use of AI tools for creating graphic content and creative videos is part of the company's strategy to innovate and elevate its media presence [1]

证券日报网讯 2月11日，王府井在互动平台回答投资者提问时表示，公司目前没有收到或发布过关于中 国中免收购王府井的相关信息。公司当前经营正常，控股股东及实际控制人未有变动计划。建议投资者 关注公司官方公告，避免误信不实信息。 （编辑 丛可心） ...

证券日报网讯 2月11日，王府井在互动平台回答投资者提问时表示，公司目前的发展战略聚焦于深耕国 内零售市场，持续推动百货、购物中心、奥特莱斯及免税等业态的融合发展，未涉及该领域的发展规 划。 （文章来源：证券日报） ...

Core Viewpoint - The company clarified that the Wuhan project mentioned by an investor is not an investment project of the company [1] Group 1 - An investor inquired about the progress and expected operational date of the Wangfujing Shopping Park project in Wuhan [1] - The company responded that the project in question is not associated with its investments [1]

Core Viewpoint - The event of "Chinese Shrimp King" Gao Gui Shrimp making its debut in Beijing's Wangfujing marks a significant promotional effort to introduce high-quality seafood from the Guangdong-Hong Kong-Macao Greater Bay Area to northern consumers during the Spring Festival [9][10][15]. Group 1: Event Overview - On February 11, as the Spring Festival approaches, a giant LED screen in Wangfujing features a blue-armored shrimp, attracting numerous visitors [6][7]. - This is the first time Gao Gui Shrimp, themed as "Chinese Shrimp King," has showcased in Beijing, enhancing the festive atmosphere and promoting regional products [9][10]. - The event aims to familiarize northern consumers with Gao Gui Shrimp, facilitating its entry into the Beijing and Tianjin-Hebei markets [14][15]. Group 2: Product and Market Insights - Gao Gui Shrimp is known for its firm, sweet, and bouncy texture, named after the cinnamon component in its feed, symbolizing prosperity [17][18]. - The shrimp is produced in Zhaoqing Gao Yao, recognized as the "Hometown of Chinese Macrobrachium" and has a farming area of 130,000 acres, with an annual output exceeding 52,000 tons [19][20]. - The region accounts for over 30% of the national output and value, with a comprehensive output value surpassing 10 billion yuan, benefiting over 80,000 workers [20][21]. Group 3: Agricultural and Economic Impact - The event represents a dual approach of "New Year flavor + brand" and showcases the ecological farming methods that enhance shrimp quality [22][23]. - Technological advancements have improved shrimp survival rates from 10% to over 90%, and value-added processing has increased the price by 20 to 30 yuan per kilogram [24][25]. - By 2025, Gao Yao's shrimp is expected to be listed among national specialty agricultural products, with a brand value of 760 million yuan, exemplifying the agricultural market system in Guangdong [26]. Group 4: Marketing and Cultural Significance - The showcase at Wangfujing is not only a branding highlight but also a vivid integration of Guangdong's agricultural strength and New Year cultural narratives [27][28]. - Following a feature on CCTV's financial channel, this marketing initiative aims to leverage Wangfujing's influence as a national consumption trendsetter, promoting the "fresh sweetness of the Greater Bay Area" in the Beijing-Tianjin-Hebei region [29][30]. - The event is a strategic move to deepen agricultural collaboration and brand co-construction between Guangdong and Beijing [31].

Group 1 - Wangfujing Duty-Free officially opened its store at Beijing Capital International Airport on February 11, marking its entry into the Beijing-Tianjin-Hebei international aviation hub and the core duty-free market [1][3] - The new store features a wide range of popular duty-free categories including perfumes, cosmetics, alcoholic beverages, and travel essentials, showcasing both international luxury brands and domestic products [3] - The opening of the airport store signifies the establishment of a comprehensive consumption loop for Wangfujing, from inbound first purchases to in-city repurchases and outbound supplementary purchases [3] Group 2 - The duty-free industry in Beijing is experiencing a recovery alongside the increase in international inbound and outbound passenger flow, with 5% growth in passenger throughput at the capital airport [4] - In 2025, Beijing received 5.48 million inbound tourists, representing a 39% increase, contributing to the growth of Wangfujing's sales in the region [4] - The company anticipates continued sales growth this year, driven by the rising number of inbound tourists and effective conversion of international customer flow into a comprehensive customer asset [4]

Core Insights - Wangfujing Duty-Free officially opened its duty-free store at Beijing Capital Airport T2, marking its first presence in a major international hub in China [1][4] - The T2 project is seen as a strategic move to enhance the international consumption center in Beijing, with a focus on high customer spending and unique shopping experiences [3][7] Group 1: Business Strategy - The T2 duty-free store is part of Wangfujing Group's dual-driven strategy of "taxable + duty-free" and aims to expand into high-end consumer markets [4][8] - The store features a mix of popular categories including imported cosmetics, domestic and international beverages, travel goods, and electronics, catering to diverse consumer needs [4][8] Group 2: Competitive Advantage - The competitive edge of the T2 duty-free store lies in its precise product mix, unique brand experiences, and deep integration of omnichannel services, transitioning from traditional retail to value experiences [7] - The store emphasizes the introduction of domestic trendy products and cultural IP items, enhancing its appeal to consumers [4][7] Group 3: Future Developments - Wangfujing Group has been rapidly expanding its duty-free operations since obtaining a license in 2020, with plans for further projects in Harbin and Mudanjiang airports, filling gaps in Northeast China [8] - The collaboration between Wangfujing Group, Shougang Group, and Capital Airport Group aims to optimize store operations and innovate consumer experiences, promoting high-quality development in the airport duty-free sector [8]

Core Insights - The opening of two new duty-free shops at Beijing Capital International Airport marks a significant upgrade in the airport's duty-free business, aligning with national strategies to boost consumption and enhance Beijing's role as an international consumption and communication center [1][4]. Group 1: Duty-Free Shop Overview - The new duty-free shops cover approximately 14,200 square meters of core commercial space and feature a wide range of international and domestic brands, offering nearly 1,000 selected products [3]. - The shops have upgraded their product categories, expanding from traditional strengths in cosmetics, tobacco, and food to include international luxury goods and "Guochao" (national trend) products [1][3]. Group 2: Operational Transition and Strategy - The transition from old to new operators was seamless, supported by various government departments, ensuring a smooth service experience for travelers [4]. - Future plans for the duty-free shops include optimizing the product matrix, ensuring high-end product availability, enhancing price competitiveness, and improving customer shopping experiences through innovative store designs and digital services [4].

Core Viewpoint - The collaboration between Beijing Capital Airport and Daxing Airport to host a New Year cultural market aims to enhance the consumer experience and promote Beijing as an international consumption center [1][2]. Group 1: New Year Cultural Market - The New Year cultural market, named "Fuyou Jinghua Legou New Spring," runs from February 10 to 16, featuring 14 well-known brands including Yili and Beibingyang, offering a variety of products such as food, cultural creations, and clothing [2]. - This initiative is designed to provide travelers with an immersive experience that combines cultural elements with high-quality service [2]. Group 2: Duty-Free Business Upgrade - Starting February 11, the duty-free operations at Terminal 2 will transition to China Duty Free Group and Wangfujing Group, marking Wangfujing's first entry into the Beijing-Tianjin-Hebei international aviation hub [2][4]. - The new operators plan to introduce more international perfumes, cosmetics, and local specialty products, enhancing the shopping experience through digital systems [2]. Group 3: Growth in Inbound Consumption - In January 2026, the customs at Capital Airport processed 7,966 tax refund applications, totaling approximately 125 million yuan, reflecting a year-on-year increase of 469.81% and 43.68% respectively [3]. - The average daily passenger flow has increased from 40,000 to 55,600, indicating a significant rise in traveler numbers during the Spring Festival [3]. Group 4: Streamlined Processes - The airport customs established a green channel for merchants unfamiliar with strict approval processes, significantly reducing the time required for necessary permits [4]. - A comprehensive handover of over 12,900 square meters of retail space and inventory was conducted efficiently to ensure a smooth transition [4]. Group 5: Enhanced Regulatory Measures - The customs authority implemented a dual approach of "regulation + service" to oversee the entire operation cycle of the market, including regular inspections of food sourcing and quality checks [5]. - A combination of on-site supervision and remote video monitoring was introduced to ensure transparency and traceability in the supply chain [7]. Group 6: Commitment to Service Innovation - The customs department is focused on continuous service innovation and regulatory optimization to enhance service quality and support the establishment of diverse consumer business models [8].