Dongguan Securities' Research Reports pointed out that under policy stimulation, market expectations are ahead, and the Baijiu sector along with cyclical sectors related to the dining supply chain in the consumer food market can be a key focus. 1) Baijiu: This year, Baijiu sales face certain pressures, and performance has slowed down, showing differentiation within the sector. It is expected that Baijiu will still face pressure tests during the 2025 Spring Festival, and the market has certain expectations regarding Baijiu sales. Short-term focus includes policy implementation, changes in Dealer confidence, and preparations for the peak season. 2) Consumer Food: Under active policy orientation, along with entering the peak season for Spring Festival stockpiling, sectors related to dining supply chains, which show marginal improvement expectations and high cost-effectiveness, can be particularly highlighted. 3) Condiment: It is essential to focus on the recovery of dining consumption power and expectations for marginal improvements in costs. 4) Beer: Pay attention to the recovery momentum in dining scenarios, declining costs, and opportunities for high-end positioning. 5) Dairy Products: Recently, the Ministry of Agriculture and Rural Affairs released measures to encourage milk consumption, and there are expectations for subsequent policies like consumption vouchers to boost dairy demand. 6) Snacks: Continuously pay attention to the contributions brought by Spring Festival stockpiling, snack sales, and online channels.