In 2016, the number of outbound tourists in China reached 122 million, ranking the world champion. With the rise of outbound travel, overseas consumption of Chinese residents has increased year by year. "Generally, they will buy some things in duty-free shops," Ms. Liu, who loves outbound travel, told Securities Daily.
The largest duty-free shop in Terminal T3 of Beijing Capital Airport is China duty free goods (Group) Co., Ltd., a wholly-owned subsidiary of CITS, and Japan duty-free line. According to the latest news, the company has held 51% of the shares of Japan duty-free bank. At the same time, the company plans to participate in the bidding project of duty-free business in the international area of capital airport.
The strategic goal set by the company is "to enter the top five tax-free enterprises in the world in the next few years."
CMAC contributes more than 90% of net profit
On April 28, CITS released its 2016 annual report. During the reporting period, CITS achieved a revenue of 22.390 billion yuan, a year-on-year increase of 5.16%; and the net profit attributable to shareholders of listed companies was 1.808 billion yuan, with a year-on-year growth of 20.07%. As a wholly-owned subsidiary of CITS, CMAC contributed 1.73 billion yuan of net profit to the owners of its parent company in 2016, accounting for more than 90% of CITS's annual net profit.
Duty free business has always been the most profitable part of CITS and even CITS group. According to the 2016 half year report of CITS, the profit of its tourism service business is about 540 million yuan, while the operating profit of duty-free goods sales is about 2.12 billion yuan, and the gross profit rate of duty-free goods is 46.31%, while the gross profit rate of outbound tourism, inbound tourism and domestic tourism is 6.04%, 13.16% and 6.39% respectively.
It is worth noting that CITS announced previously that the wholly-owned subsidiary of CITS has obtained the business license for tobacco and alcohol products at Hong Kong International Airport, China, and has won the right to operate tobacco and alcohol commodities in the next eight years, and will take over the stores of the original operator in November this year. In response to this, the company admitted that the biggest competitiveness of the company is to understand the needs of Chinese consumers. "When bidding at the Hong Kong airport, China immune is not the most advantageous enterprise in terms of price, but has the largest travel agency and the largest network system and member system." the biggest core competitiveness of China immunity is resources and customers I understand. "
Recently, the most interesting thing is that China National immunity Corporation (CMAC) has participated in the bidding project of duty-free business in the international area of capital airport, and the day duty-free bank, which holds 51% of the equity of the company, is the operator of duty-free shops in capital airport. In February this year, the duty-free business of capital airport was publicly invited in China. Both China National immunity Corporation and Japan duty-free bank were bidders.
In an interview with the Securities Daily reporter, the person in charge of China immunity Corporation said that if we can win the operation right of duty-free business of Capital International Airport, it will play a positive role in promoting the revenue scale, procurement scale and gross profit rate of the company. Besides Sanya International duty-free city and Hong Kong International Airport, it will become a new business growth point of the company.
"We will also pay close attention to the development of duty-free business at Shanghai Hongqiao and Pudong international airports, and are very willing to cooperate with Shanghai airport authorities through various opportunities." The person in charge added.
Accelerating epitaxial expansion
In recent years, the government is actively studying the relevant measures to attract overseas consumption. On the one hand, the active introduction of tax-free policies on outlying islands and the development of tax-free business can attract overseas consumption; on the other hand, it is necessary to cultivate and support China's tax-free enterprises to become stronger and bigger and enhance their global competitiveness.
Under the above background, China immune Corporation seizes the opportunity to promote the extension development of the enterprise through new policies, new business and new measures. In an interview with the Securities Daily reporter, the relevant person in charge of China immunity Corporation said that in addition to obtaining the business license of tobacco and alcohol products of Hong Kong International Airport and participating in the bidding project of duty-free business in the international area of capital airport, CMAC has already begun its extensive expansion. Specifically, firstly, the company has actively cooperated with the national ministries and commissions and Hainan government to actively promote the tax-free business in the outlying islands Sanya Haitang Bay has opened the world's largest single duty-free shop; second, it has actively participated in the bidding for import duty-free shops, and has obtained the operation rights of import duty-free shops in six airports including Guangzhou, Kunming and Nanjing; third, China National immunity Corporation has accelerated the pace of overseas expansion, expanding duty-free business in Hong Kong, Macao and Taiwan, and successively in Siem Reap and Sihanouk in Cambodia Hong Kong and Phnom Penh have opened three duty-free shops in the city.
The person in charge of the company said that the company's business planning in the future mainly includes the following: first, continue to seize the opportunities of major airports in China to continuously expand the airport tax-free business; second, take advantage of the opportunity of inbound duty-free shops and reopen duty-free shops in the city to do a good job in increasing the volume of development; third, continue to steadily promote overseas expansion and set up tax rebates in key European tourist cities The fourth is to actively develop the cruise tax-free business by taking advantage of the cruise economy; the fifth is to adapt to the changing shopping habits of the majority of tourists, and carry out online duty-free reservation business to drive the development of inbound and outbound tax-free business; sixth, to make use of the advantages of the parent company's tourism industry chain to deepen the exploration of the tourism + tax-free business model.
"From the overall perspective, the company will rely on the industrial resources, tourist resources and cooperation resources in the tourism industry of China Tourism Group, and actively follow the steps of Chinese consumers in overseas tourism. Where there are more Chinese tourists and greater shopping demand, we will open duty-free shops." According to the head of China National immunity Corporation, the recent company