Adopting code from parent and customizing in child theme.

Hi.

I have a parent theme with a file named single-shop.php

In order to customize it to my liking, I need to remove the following code from the parent theme´s single-shop.php file ---> screenshot

When the theme updates.. These changes will be lost.. I am trying to avoid that.

Is it possible to move the whole .php file to the child theme? If not, why?

Any suggestions on how I proceed without affecting loading time, and other parameters that may affect user experience in a negative way?

Thank you in advance.