According to the Fangzheng Securities Research Report, Gujing Gongjiu (000596.SZ), as a leading high-quality regional enterprise, is actively practicing internal skills in the face of increased competition in the 100-300 yuan price band in Anhui Province. Among them, Gu 5/Gu 8 already have corresponding scales in the Volkswagen Taki price band/sub-high-end price band, and the individual products are strong. At the same time, the company's product line has achieved a full price band layout, devoting itself to creating large single products at various prices. For markets outside the province, the company firmly promotes nationalization and sub-high-end, drives structural upgrading outside the province with an ancient product system of more than 20, builds large-scale markets and large-scale provinces and regions in batches, and resolutely moves towards the goal of 30 billion dollars at home and abroad. The bank believes that in the face of Huijiu's competitive environment, the company continues to strengthen its internal skills, the ground team maintains strong execution competitiveness, and that large single products have the potential to fully stabilize the base camp in Anhui. At the same time, gradual expansion outside the province will help increase performance, and long-term growth can be expected. Maintain a “Recommended” rating.