November 28th, Guolanghui｜Lion issued a report stating that it is expected that China's consumer sector will continue to improve next year, especially in the second half of the year assuming supportive policies are steadily rolled out, while most stocks remain cheap. The bank expects the baijiu sector to be the first to rebound, as it is more sensitive to changes in the macro environment and commercial demand. At the same time, the bank advises investors to focus on companies with profit-turning potential, as high-yield themes may face the risk of capital outflow if the macro situation recovers smoothly. The bank recommends choosing high-quality large companies in the early stages of recovery. The bank's preferred stocks include baijiu stocks Wuliangye Yibin and Shanxi Xinghuacun Fen Wine Factory, potential turnaround stocks Tsingtao Brewery and Nongfu Spring, and dairy product stocks Mengniu, benefiting from the gradual recovery in demand.