Zhou Yi, shanghai airport word board drops stop. Up to distribute news dispatches, drop stop board those who seal sheet to be as high as 450 thousand hand is gigantic, already clinched a deal amount 450 million yuan.
Message face, last week, be avoided in China and Shanghai airport issues announcement at the same time, both sides signed the compensatory agreement about duty-free inn hire, according to the agreement, avoid in China handed in hire to decrease compared to the same period to Shanghai airport last year 7 into.
In the meantime, company announcement wall bulletin of 2020 outstanding achievement, predicting implementation puts in parent net 's charge to be - 12.9 to - 1.21 billion yuan, buckle be not net putting in a mother 's charge to be - 14.1 to - 1.33 billion yuan.
On July 19, 2018, avoid in China accuse share company day to go up duty-free travel (Shanghai) limited company is chosen Shanghai Pudong International Airport is duty-free inn project, be in in those days both sides will sign duty-free inn right of administration to make over a contract on September 7.
2020, suffer the effect that breaks out the element such as communal and wholesome incident, tax-exempt business suffers Shanghai airport bigger impact, via talking things over, sea of day before last and Shanghai airport agree to undertake editing to original contract, agree to sign " right of administration of duty-free inn project makes over Shanghai Pudong International Airport the compensatory agreement of the contract " .
According to compensatory agreement, ≤ of passenger flow of actual that month international 2019 month all × of actual international passenger flow 80% when, "Lunar fact collects fee " according to " the month sells deduct a percentage actually " collection, "The month sells deduct a percentage actually " basis " average per capita is contributed " , " the month is effective international passenger flow " undertake calculating, bring into " coefficient of passenger flow adjustment " , " area adjustment coefficient " etc adjust index.
How does Guo Taijun think, duty-free contract is adjusted under anticipate, reduce 2020-22 year EPS is forecasted to - 0.63/0.05/1.60 (former 0.29/0.91/2.52) . Hainan leaves the channel on island and line anticipation that reduced value of duty-free to the airport channel, airport bargain ability is abate. Prospective T3 extend will reduce long-term ROE.
The negotiable securities that enrol business thinks, epidemic situation is brought about company battalion closed to drop considerably 2020, satellitic hall depreciation and the cost such as artificial, operation, epidemic prevention present a rigid feature, and tax-free income appears to glide apparently, accordingly gain circumstance gets bigger impact, but the discharge of long-term Shanghai airport in still be being valued changes present price value, and the construction of building of T3 boat station becomes swat to open a space for future. Be based on this negotiation result, reduce gain to forecast, predicting 2020-2022 year profit of net putting in a mother 's charge is - 12.5/14.1/33.4 100 million yuan.
