Beijing Capital International Airport (00694) is down more than 5%, and as of this writing, it is down 4.98% at HKD 2.67, with a turnover of HKD 31.9665 million.
According to the WiseNews APP, Beijing Capital International Airport (00694) is down more than 5%, and as of this writing, it is down 4.98% at HKD 2.67, with a turnover of HKD 31.9665 million.
According to the news, China Tourism Group Duty Free Corporation recently released performance reports. Benefiting from the continuous recovery of international flights and passenger flow, the company's domestic and overseas duty-free stores' revenue has increased by more than 100% year-on-year, and profitability continues to improve. Among them, the revenue of duty-free stores at Beijing International Airport has increased by more than 200% year-on-year, and the revenue of duty-free stores at Shanghai International Airport has almost doubled. Net income has increased significantly.
Soochow Securities issued research reports stating that on December 26, 2023, China Tourism Group Duty Free Corporation separately announced the airport rental supplement agreements signed with Shanghai International Airport and Beijing Capital International Airport. Looking at the first complete quarter after the contract adjustment, the revenues of Shanghai International Airport and Beijing Capital International Airport have decreased sequentially. Considering the degree of recovery of international passenger flow, the amount of tax-free consumption per passenger, and the rental mechanism, a conditional calculation of tax-free sales and rental income for major airports in 2024 was made. For Beijing Capital International Airport, the pessimistic/neutral/optimistic assumptions corresponded to rental income of CNY 0.56/0.7/1.08 billion yuan in 2024.