| 2 | 习酒君品 | 639/瓶 | -3元' | | --- | --- | --- | --- | | | 53度/500ml | | | | 北 | 青花郎 | 720/瓶 | -17元▼ | | | 53度/500ml | | | | 100 | 水晶剑南春 | 391/瓶 | 3元 ▲ | | | 52度/500ml | | | 来源：酒业内参 新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在1月28日呈 放量分化走势。如果十大单品各取一瓶整体打包售卖，今日总售价为8866元，较昨日下跌20元，创近五 日以来价格新低。今日市场四涨六跌：上涨端，精品茅台领涨6元/瓶；水晶剑南春上涨3元/瓶；国窖 1573和梦之蓝M6+均上涨2元/瓶。下跌端，青花郎显著回调17元/瓶，调整幅度居前，此前该酒品曾五 连涨获利回吐压力日增；飞天茅台终端零售价受i茅台平台常态化供应影响，环比下跌9元/瓶；习酒君 品和古井贡古20分别下跌3元/瓶、2元/瓶；青花汾20和五粮液均微跌1元/瓶，走势相对平稳。 【点击进入酒价内参，查看真实酒价】 白酒业的重要新闻方面，昨日（27日）A股白酒板 ...

Core Viewpoint - The Chinese liquor market is experiencing a mixed trend in retail prices, with the average price of the top ten liquor products showing a decline, indicating potential market volatility and shifts in consumer demand [1][5]. Price Trends - As of January 28, the total retail price for a package of the top ten liquor products is 8866 yuan, down 20 yuan from the previous day, marking a new low in the past five days [1]. - The market shows four price increases and six decreases today, with premium Moutai leading the increase by 6 yuan per bottle, while Qinghua Lang saw a significant drop of 17 yuan per bottle [1][4]. Market Dynamics - The introduction of the iMoutai platform selling Moutai at 1499 yuan per bottle and premium Moutai at 2299 yuan per bottle has begun to influence market prices, reflecting a magnetic effect on retail prices [5]. - The A-share liquor sector has seen a decline, with the China Securities White Liquor Index dropping to 8293.16 points, the lowest since September 19, 2024, and the sector has experienced a continuous six-year decline [5]. Stock Performance - Within the liquor sector, 20 constituent stocks have averaged a decline of nearly 8.5% over the past 11 trading days, with a median drop of 6.6% [5]. - Six stocks have seen declines exceeding 10%, representing nearly 30% of the sector's total stocks, including Shanxi Fenjiu and Yanghe Brewery [5]. Financing Activity - Despite the market downturn, there is a trend of increased investment from financing clients, with Guizhou Moutai seeing a net purchase of 3.166 billion yuan over the last ten trading days, reaching a new high in financing balance [5].

新浪财经"酒价内参"重磅上线 知名白酒真实市场价尽在掌握 新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在1月28日呈 放量分化走势。如果十大单品各取一瓶整体打包售卖，今日总售价为8866元，较昨日下跌20元，创近五 日以来价格新低。今日市场四涨六跌：上涨端，精品茅台领涨6元/瓶；水晶剑南春上涨3元/瓶；国窖 1573和梦之蓝M6+均上涨2元/瓶。下跌端，青花郎显著回调17元/瓶，调整幅度居前，此前该酒品曾五 连涨获利回吐压力日增；飞天茅台终端零售价受i茅台平台常态化供应影响，环比下跌9元/瓶；习酒君 品和古井贡古20分别下跌3元/瓶、2元/瓶；青花汾20和五粮液均微跌1元/瓶，走势相对平稳。 | 2 | 习酒君品 | 639/瓶 | -3元' | | --- | --- | --- | --- | | | 53度/500ml | | | | 北 | 青花郎 | 720/瓶 | -17元▼ | | | 53度/500ml | | | | 100 | 水晶剑南春 | 391/瓶 | 3元 ▲ | | | 52度/500ml | | | "酒价内参"的每日数据源自全国各大区均有 ...

新浪财经"酒价内参"重磅上线 知名白酒真实市场价尽在掌握 新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在1月28日呈 放量分化走势。如果十大单品各取一瓶整体打包售卖，今日总售价为8866元，较昨日下跌20元，创近五 日以来价格新低。今日市场四涨六跌：上涨端，精品茅台领涨6元/瓶；水晶剑南春上涨3元/瓶；国窖 1573和梦之蓝M6+均上涨2元/瓶。下跌端，青花郎显著回调17元/瓶，调整幅度居前，此前该酒品曾五 连涨获利回吐压力日增；飞天茅台终端零售价受i茅台平台常态化供应影响，环比下跌9元/瓶；习酒君 品和古井贡古20分别下跌3元/瓶、2元/瓶；青花汾20和五粮液均微跌1元/瓶，走势相对平稳。 | 2 | 习酒君品 | 639/瓶 | -3元' | | --- | --- | --- | --- | | | 53度/500ml | | | | 北 | 青花郎 | 720/瓶 | -17元▼ | | | 53度/500ml | | | | 100 | 水晶剑南春 | 391/瓶 | 3元 ▲ | | | 52度/500ml | | | 新浪财经"酒价内参"重磅上线 知名白酒真 ...

新浪财经"酒价内参"重磅上线 知名白酒真实市场价尽在掌握 新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在1月28日呈 放量分化走势。如果十大单品各取一瓶整体打包售卖，今日总售价为8866元，较昨日下跌20元，创近五 日以来价格新低。今日市场四涨六跌：上涨端，精品茅台领涨6元/瓶；水晶剑南春上涨3元/瓶；国窖 1573和梦之蓝M6+均上涨2元/瓶。下跌端，青花郎显著回调17元/瓶，调整幅度居前，此前该酒品曾五 连涨获利回吐压力日增；飞天茅台终端零售价受i茅台平台常态化供应影响，环比下跌9元/瓶；习酒君 品和古井贡古20分别下跌3元/瓶、2元/瓶；青花汾20和五粮液均微跌1元/瓶，走势相对平稳。 | 2 | 习酒君品 | 639/瓶 | -3元' | | --- | --- | --- | --- | | | 53度/500ml | | | | 北 | 青花郎 | 720/瓶 | -17元▼ | | | 53度/500ml | | | | 100 | 水晶剑南春 | 391/瓶 | 3元 ▲ | | | 52度/500ml | | | "酒价内参"的每日数据源自全国各大区均有 ...

新浪财经"酒价内参"重磅上线 知名白酒真实市场价尽在掌握 诗为时光凝韵，酒作岁月藏香。诗和酒，早已在华夏文明的肌理中相融共生，流转千年而愈浓。 近日，由古井贡酒·年份原浆古20独家冠名的《中国诗词大会（第十季）》正在火热播出。当古井贡酒连续四届将"九酝春酒"的贡酒传奇，注入《中国诗 词大会》的现代叙事，历史的沉香便沿着诗句的韵脚苏醒，在亿万观众的凝视中，延续着跨越千年的对酌。 国民级文化IP邂逅承载千年酿造智慧的品牌，这场联袂早已超越商业与文化的简单叠加，更是一场以文化为舟、以诗酒为楫的战略航行——古井贡酒正将 文化势能转化为品牌动能，在高端市场的浪潮中锚定自己的价值坐标。 基因同频，诗酒同源的千年契阔 千年前的建安年间，曹操将家乡亳州所产的"九酝春酒"进献汉献帝，并上奏"九酝酒法"，开启了一段贡酒传奇；几乎同一时代，这位政治家和诗人吟 出"对酒当歌，人生几何"的千古绝唱，将美酒与诗词铸成华夏文明的一体两面。 诗与酒，自古便是中国文人精神世界的双壁，是抒怀、言志、交游不可或缺的载体。酒在诗词中不仅是物质的存在，更是情感的放大镜、时间的标记，甚 至是与天地对话的媒介。这种文化基因的耦合，为古井贡酒与《中国诗词大 ...

Core Viewpoint - The liquor sector, particularly the baijiu segment, has experienced a significant decline, with most stocks falling, while only Kweichow Moutai showed a slight increase [1][4]. Group 1: Market Performance - As of January 27, the baijiu sector saw a collective drop, with 20 constituent stocks, where only Kweichow Moutai managed a slight gain, while major stocks like Yanghe and Wuliangye fell by approximately 3.6% and over 1% respectively [1][4]. - The China Securities Baijiu Index has retreated nearly 8.21% over the past 11 trading days, reaching a low of 8293.16 points, which is close to its previous low of 8251.41 points recorded on September 18, 2024 [4][5]. - Year-to-date, the baijiu sector has declined by approximately 5.03%, marking a continuous annual decline for six consecutive years from 2021 to 2026 [4][5]. Group 2: Individual Stock Performance - Among the 20 baijiu stocks, the average decline over the past 11 trading days was about 8.5%, with a median drop of 6.6%. Six stocks experienced declines exceeding 10%, accounting for nearly 30% of the sector [4][5]. - Kweichow Moutai, the largest stock by market capitalization, saw a financing net purchase of 3.166 billion yuan, while Shanxi Fenjiu and Wuliangye had net purchases of 251 million yuan and 117 million yuan respectively [5][6]. Group 3: Financing and Valuation - The baijiu sector has seen some stocks increase in financing balance, particularly the top three weighted stocks, with Kweichow Moutai reaching its highest financing balance since September 2024 [5][6]. - The average price of baijiu stocks is currently around 111.58 yuan, which has been surpassed by the semiconductor sector's average price of 112.12 yuan for the first time in six years [8][11]. - Only semiconductor, baijiu, and medical beauty sectors have an average stock price above 100 yuan, with baijiu stocks maintaining a significant presence in the high-price stock category [8][11].

Core Viewpoint - The article emphasizes the importance of industry cycles over individual company performance in the Chinese liquor market, particularly during periods of economic downturns, where even strong companies face significant declines due to systemic pressures [7][11][35]. Group 1: Industry Performance Overview - The period from 2013 to 2021 was characterized as a "golden era" for the liquor industry, with major brands like Kweichow Moutai increasing by 1297%, Shanxi Fenjiu by 1090%, and Wuliangye by 860% [13][15]. - In contrast, the period from 2022 to 2026 is described as a "deep adjustment period," where major brands have seen significant declines, with Luzhou Laojiao down 49%, Wuliangye down 46%, and Kweichow Moutai down 26% [20][22]. Group 2: Investment Strategy - Investors are advised to focus on industry cycles when selecting stocks, prioritizing companies with strong demand resilience during downturns, such as Kweichow Moutai, or those with low valuations, like Gujing Gongjiu B [29][30]. - The article warns against relying on company-specific factors (alpha) to counteract industry-wide trends (beta), as strong financials or management integrity may not protect against systemic downturns [31][32]. Group 3: Historical Context and Lessons - The article highlights that past star stocks, such as Yanghe and Shui Jing Fang, which performed well during the boom, have suffered even greater declines in the current downturn, illustrating that past performance does not guarantee future resilience [33][34]. - The cyclical nature of the industry is underscored, with the assertion that understanding the primary conflict between industry cycles and individual company performance is crucial for avoiding investment pitfalls [35].

Core Viewpoint - The liquor sector experienced a decline of 0.56% on January 27, with *ST Rock leading the drop, while the Shanghai Composite Index rose by 0.18% and the Shenzhen Component Index increased by 0.09% [1]. Group 1: Liquor Sector Performance - The closing prices and performance of key liquor stocks showed mixed results, with Kweichow Moutai slightly up by 0.08% at 1343.01, while several others like Wuliangye and Luzhou Laojiao saw declines of 1.29% and 0.06% respectively [1]. - The total trading volume for Kweichow Moutai was 48,400 hands, with a transaction value of 6.515 billion yuan, while Wuliangye had a trading volume of 225,300 hands and a transaction value of 2.284 billion yuan [1]. Group 2: Capital Flow Analysis - The liquor sector saw a net outflow of 386 million yuan from institutional investors and 289 million yuan from retail investors, while retail investors had a net inflow of 675 million yuan [2]. - Specific stocks like Kweichow Moutai experienced a net inflow of 39.8 million yuan from institutional investors, while *ST Rock had a net outflow of 68,400 yuan [3]. Group 3: ETF Performance - The Food and Beverage ETF (product code: 515170) tracked the sub-index of the food and beverage industry, showing a decline of 2.01% over the past five days, with a price-to-earnings ratio of 19.31 times [5]. - The Consumer ETF (product code: 510630) tracked the main consumer industry index, with a decline of 1.52% over the past five days and a price-to-earnings ratio of 20.22 times [6].

Group 1 - The event "Entrepreneur Night" is set to take place on January 29, 2025, organized by Sina Finance, First Finance, and Gujing Gongjiu, focusing on the theme "Paying Tribute to the Driving Forces of the New Era" [1][6] - The "China Economic News Figures" IP evaluates outstanding entrepreneurs based on five dimensions: innovation, disruption, foresight, growth, and newness, becoming an important window for observing China's economic development [2][7] - Gujing Gongjiu, as one of China's eight famous liquor brands, has maintained a growth trajectory in sync with China's economic development, emphasizing quality through traditional brewing methods that have been preserved for over 1800 years [2][7] Group 2 - Gujing Gongjiu has innovatively addressed the challenges of traditional manufacturing transformation with its "1+1" production model, integrating advanced technologies like 5G and big data to create the industry's first fully connected transparent factory [3][8] - The company has launched products like the light ancient 20 and "Gujing Light Health Society" to align with modern consumer trends, promoting health and youthfulness in the liquor industry [3][8] - Gujing Gongjiu actively practices social responsibility through its "Three Quality Project," which aims to enhance quality, virtue, and brand beauty while supporting rural revitalization through order-based planting [3][8] Group 3 - The 11th edition of the "Entrepreneur Night" coincides with a critical phase in China's transition to high-quality development, featuring discussions on key topics through speeches and roundtable forums [4][9] - The event has evolved from an industry gathering to a significant platform for recognizing the growth and responsibility of outstanding entrepreneurs, reflecting the ongoing confidence in China's economic development [4][9] - The upcoming event will showcase more leading figures who embody the principles of tradition, innovation, and social responsibility, contributing to a new chapter in high-quality economic development in China [4][9]