Bank of China Securities released a research report on April 25 stating that it gave Jinhui Liquor (603919.SH) a purchase rating. The main reasons for the rating include: 1) the company's products have enjoyed the upgrading of the mainstream price band structure in the province, and the core products have maintained rapid growth; 2) the company's full price, full regional and omni-channel coverage in the provincial market, compounded the continuous increase in brand influence, and the provincial market has achieved rapid growth in the past two years. Markets outside the province implement the “Five Northwest Provinces” strategy and continue to develop. (Mainichi Keizai Shimbun)