Securities Times online newsCrazycoinfreespinsAlcohol stocks rose in intraday trading on the 6th. As of press time, alcoholic spirits (000799) rose by the daily limit, wine industry (600702) rose by nearly 9%, Shuijingfang (600779) rose by more than 7%, Bailun shares (002568), Luzhou laojiao (000568), Yingjiagong Liquor (603198), etc., rose more than 5%, Wuliangye (000858) rose more than 4%, and Guizhou Moutai (600519) rose more than 3%.

In terms of the industry, the first quarterly reports of listed companies in 2024 have all been announced. Overall, the revenue of the food and beverage sector showed an accelerated growth trend in the first quarter.CrazycoinfreespinsThe reason is that, on the one hand, the Spring Festival time is mismatched, and most enterprises prepare goods in the first quarter of 2024; on the other hand, the industry is still in the stage of recovery, and some enterprises have stabilized and rebounded after 2023 adjustment. In addition, most commodity prices fell, and most corporate costs showed a downward trend, making a positive contribution to profits. The quarterly revenue of liquor enterprises is generally in line with expectations, and the profits of some enterprises are higher than expected.

Open source securities pointed out that in the first quarter, benefiting from consumption during the Spring Festival peak season, the liquor industry has steadily improved. First, the external environmental disturbances in 2024 have been reduced and the Spring Festival holiday has been extended, resulting in a better consumption willingness and atmosphere of residents during the Spring Festival. Second, the number of people returning home has increased significantly compared with 2021-2023, leading to increased demand for visits to relatives and friends, dinners and banquets, and gifts. Looking forward to the whole year, the liquor industry can be optimistic and positive. On the one hand, most liquor enterprises actively introduce various policies to help channels speed up mobile sales and digest inventory. At the same time, leading brands such as Wuliangye, Jiannanchun and Fenjiu have launched price increase policies since February to effectively stabilize channel profits and dealer confidence. On the other hand, with the landing of economic policies, the macroeconomic environment will show a moderate improvement trend, residents' income and consumption will be expected to follow the improvement, liquor consumption is expected to pick up gradually.

Proofreading: ran Yanqing

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