December 9 news, liquor sector continues to strengthen. As of press time, Kouzi cellar, Hainan Coconut Island, Rock shares, Old White dry Liquor rose by more than 5%, Guangyuyuan, Huangtai Liquor Industry, Jinhui Liquor and so on rose.

Caixin Securities pointed out that the early pessimism in the liquor sector has been fully digested, the prices and inventory of mainstream brands at the market level are benign, and the company level may implement strategic adjustments or show determination to change, judging that the industry as a whole is still in a steady upward cycle. High-end wine enterprises strengthen the control of market pricing in order to stabilize industry fluctuations, based on longer-term development, sub-high-end wine enterprises have strong business confidence, and the macro level ushered in the rectification of comprehensive reserve reduction and early strict supervision policies. the overall environment for the development of the industry is expected to improve marginally. We are optimistic about the development of the liquor industry next year, the first high-end liquor Guizhou Moutai, Wuliangye, Luzhou laojiao, is expected to usher in a double improvement in performance and valuation; recommend Shanxi Fen Liquor with high certainty in the growth of sub-high-end liquor. Although the sub-high end is expanding rapidly, the competition is relatively fierce, and the matching of channel power and channel and product positioning is the core competitive element. at present, the performance of the famous wine enterprises in the head is relatively strong, so it is suggested that we should pay attention to the actual channel operation of the sub-high-end wine enterprises. pay attention to Jiuji Liquor and Yanghe shares. The real estate wine faucet with a solid foundation in the stronghold market is expected to fully benefit from the upgrading of consumption in the province, and gradually expand its contribution flexibility to the peripheral market, paying attention to Gujing tribute wine and the fate of the world.