Lates News

CICC Securities research report pointed out that since the beginning of this year, the demand in the liquor industry has been under continuous pressure, but the decline in sales, wholesale prices, and financial performance has narrowed to a certain extent. We expect that the industry has entered a gradual bottoming phase. After the leading liquor companies proactively adjust their speed, if future demand stabilizes and gradually increases, the industry is expected to usher in an upward turning point. Considering the current leading liquor companies continuously increasing shareholder returns through higher dividend payout ratios, repurchases, and share repurchases, the margin of investment safety is thickened. We continue to recommend the allocation of leading liquor companies. Looking ahead, the continuous decline in base in the beer sector, combined with seasonal catalysis in the future, is expected to bring considerable performance growth to beer companies. We are optimistic that companies with outstanding channel capabilities and a strong brand foundation will achieve performance realization faster.