CTG DUTY-FREE(SH:601888) Sou Hu Cai Jing·2025-12-17 19:11Group 1 - The recent bidding results for the duty-free store franchise rights at Shanghai Airport were announced, with the incumbent operator, Sunrise Duty Free (Shanghai) Co., Ltd., failing to secure a renewal, while global duty-free giant Dufry and domestic leader China Duty Free Group won the bids [1][3] - The bidding process involved the duty-free store operations at three terminals of Pudong and Hongqiao airports for the next eight years, from January 1, 2026, to December 31, 2033 [3] - China Duty Free Group secured the operational rights for the international areas of Pudong International Airport's T2 terminal and S2 satellite hall, as well as the T1 terminal international area of Hongqiao International Airport, while Dufry won the rights for the T1 terminal and S1 satellite hall at Pudong Airport, marking Dufry's first significant entry into the Chinese airport duty-free market [3] Group 2 - Sunrise Duty Free (Shanghai) Co., Ltd. was unable to renew its contract due to a lack of support from its major shareholder, which is currently China Duty Free Group [3] - Established in June 1999, Sunrise Shanghai was the first foreign company to operate airport duty-free stores in China, with operations at major airports including Beijing Capital Airport and Shanghai's two main airports [3] - In 2018, China Duty Free Group acquired a 51% stake in Sunrise Shanghai for 1.505 billion yuan, becoming its controlling shareholder [3]