China Post Securities recently stated in its research report that current leading baijiu companies are gradually returning to the value range, with Maotai, Wuliangye, Luzhou Laojiao, Shanxi Xinghuacun Fen Wine Factory, Anhui Gujing Distillery, Anhui Yingjia Distillery, and Jiangsu King's Luck Brewery Joint-Stock having valuations of 21, 15,14, 20, 20, 16, and 16 times respectively with dividend yields of 3.99%, 4.03%, 4.39%, 2.54%, 2.62%, 2.84%, and 2.56%. The sector will also enter the mid-year report disclosure period next. Against the backdrop of weak external demand, we expect the leading enterprises to have growth and risk resistance. The upcoming traditional Mid-Autumn Festival peak season in mid-September, which is 12 days earlier than last year, will also boost demand. Looking ahead, sector sentiment will gradually improve. We suggest investors to rationally view the current pessimistic expectations.