Gelonghui, March 28 | Cinda Securities Research Report pointed out that on March 19, Wuliangye (000858.SZ) held a dealer conference in Chengdu. The conference sent a signal of positive reform. At this conference, I felt the determination of Wuliangye manufacturers to raise prices uniformly. It is man-made. With the support of the external environment, internal changes are also relatively easy to advance. By clarifying the channel benefit distribution mechanism and reward and punishment mechanism, the degree of confidence in implementing the reform is expected to increase markedly with internal and external focus, and elimination at the end. I believe that with the help of a comprehensive product matrix, the price increase target of the 8th generation Wuliangye is expected to be achieved, which will help improve channel profits and enhance the win-win relationship between manufacturers. Currently, the wholesale price of Eighth Generation Wuliangye has stabilized at around 940 yuan, up from around 20 yuan before the Spring Festival, and the price increase trend is improving. The company's diluted earnings per share in 2023-2025 are expected to be 7.83 yuan, 8.80 yuan, and 9.80 yuan respectively, maintaining the company's “buy” rating.