除近期年份外， 其他款飞天茅台批发参考价也呈现上涨态势。2024年飞天茅台原箱报1750元/瓶，与前一日持平；散瓶报1660元/瓶，上涨45元，涨幅 2.8%；2023年飞天茅台原箱报1820元/瓶，与前一日持平；散瓶批发价报1740元/瓶，上涨20元，涨幅1.2%。此外，大规格茅台批发参考价也同步走高，公 斤装飞天茅台（53度/1L）原箱较前一日上涨10元，至3030元/瓶。 批发价方面。第三方平台"今日酒价"数据显示， 1月30日，各年份飞天茅台（53度/500ml规格，下同）批发参考价迎来全面上涨，涨幅超出市场预期。具 体来看，2026年飞天茅台原箱报1710元/瓶，较前一日大幅上涨100元，单日涨幅6.21%；散瓶报1650元/瓶，上涨80元，涨幅5.1%。2025年飞天茅台表现最 为抢眼，原箱报1730元/瓶，较前一日暴涨110元，单日涨幅高达6.79%；散瓶报1650元/瓶，上涨70元，涨幅4.4%。 同时，茅台价近期也出现了反弹。 记者丨茅宁 编辑丨张颖国 来源：21世纪经济报道 值得关注的是， 茅台酒价格的回暖与贵州茅台股价的强势反弹形成了良性联动。在白酒板块1月29日的狂飙行情中，贵州茅台股 ...

Investment Rating - The report maintains a positive outlook on the food and beverage industry, particularly highlighting the recovery of Moutai's pricing and the potential for demand growth during the upcoming Spring Festival [4][6]. Core Insights - Moutai's flying price has risen above 1600 yuan, attributed to the approaching Spring Festival and adjustments in product structure by the company [4][6]. - The listing of "Mingming Hen Mang" on the Hong Kong Stock Exchange is expected to enhance market attention on the snack sector, with a focus on investment opportunities arising from trends in both upstream and downstream sectors [4][6]. - The food and beverage index recorded a slight positive return of 3.0% as of January 29, 2026, although it underperformed compared to the Wind All A index [4][46]. Summary by Sections 1. Price Recovery of Moutai - As of January 29, 2026, Moutai's flying price reached 1610 yuan for whole boxes and 1570 yuan for individual bottles, showing an increase of 45 yuan and 15 yuan respectively from December 31, 2025, but a decrease of 645 yuan and 650 yuan compared to the same period last year [7][41]. 2. Data Tracking - Key raw material prices have shown mixed trends, with sugar down by 15.3% year-on-year, while quail eggs and palm oil have increased by 46.9% and 9.7% respectively [16][27]. - Packaging material prices have generally decreased, with glass prices down by 19.7% and paper box prices down by 4.8% year-on-year [16][19]. 3. Market Review - The food and beverage sector ranked 23rd among 31 sub-industries, with seven out of ten sub-sectors showing positive growth, particularly processed foods, beer, and liquor [46][48]. 4. Investment Recommendations - The report suggests focusing on companies in the consumer goods sector such as Dongpeng Beverage, Nongfu Spring, and others, as well as key players in the liquor market like Moutai and Shanxi Fenjiu [49].

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31日显 著上行。如果十大单品各取一瓶整体打包售卖，今日总售价为9009元，较昨日上涨117元，重返9000元 关口，创过去20天以来新高。飞天茅台大幅拉升驱动市场上行，头部单品对整体均价的带动效应显著。 今日市场呈现普涨态势，十大单品七涨两跌一平，高端酒品对价格中枢的影响进一步放大。上涨产品 中，飞天茅台环比大幅上涨90元/瓶，日涨幅创下"酒价内参"11月10日上线以来的最高纪录，精品茅台 同步上涨12元/瓶。在节前关键节点，高端宴请及礼赠需求集中释放，叠加阶段性博弈情绪活跃，推动 核心茅台单品价格快速上移。此外，国窖1573与习酒君品分别上涨10元/瓶、9元/瓶；青花汾20上涨3元/ 瓶；洋河梦之蓝M6+与古井贡古20均小幅上涨1元/瓶。下跌产品方面，青花郎环比下跌7元/瓶，调整幅 度居前；五粮液普五八代小幅回落2元/瓶。水晶剑南春报价389元/瓶，与昨日持平。 | 中国知名白酒大单品 圈 | 市场真实成交终端价 | | | --- | --- | --- | ...

南方财经全媒体集团投资快报记者 茅宁 官方直销平台"i茅台"销售持续火爆，知名投资人段永平公开力挺，股价从"九阴真经"到"一阳手"，茅台 酒批价与零售价同步大幅上扬......贵州茅台（6000519.SH）再次成为市场的焦点。 批发价方面。第三方平台"今日酒价"数据显示，1月30日，各年份飞天茅台（53度/500ml规格，下同） 批发参考价迎来全面上涨，涨幅超出市场预期。具体来看，2026年飞天茅台原箱报1710元/瓶，较前一 日大幅上涨100元，单日涨幅6.21%；散瓶报1650元/瓶，上涨80元，涨幅5.1%。2025年飞天茅台表现最 为抢眼，原箱报1730元/瓶，较前一日暴涨110元，单日涨幅高达6.79%；散瓶报1650元/瓶，上涨70元， 涨幅4.4%。 值得关注的是，茅台酒价格的回暖与贵州茅台股价的强势反弹形成了良性联动。在白酒板块1月29日的 狂飙行情中，贵州茅台股价大涨8.61%，一举扭转了此前"九连阴"的颓势，股价回升态势明显，也进一 步提振了市场信心。业内人士分析认为，此轮茅台酒价格上涨，是春节旺季需求集中释放与茅台市场化 改革持续推进共同作用的结果，既有短期季节性因素的支撑，也有长期发 ...

据贵州茅台官微消息，1月30日，茅台集团党委书记、董事长陈华与到访的中信证券党委书记、董事长 张佑君在茅台会议中心举行座谈，双方就进一步深化合作进行了沟通交流。陈华表示，希望双方进一步 深化合作，借助中信证券的资源优势，以市场化投资运作方式，在培育发展战略性新兴产业和未来产业 方面积极探索布局，培育新的经济增长点，不断增强企业抗周期能力，努力为贵州经济发展作出更大贡 献。 ...

节前茅台迎来了价格大反弹。第一财经记者实地走访深圳多家经销商门店发现，飞天茅台单瓶破1800 元，一夜之间涨幅超百元。多家门店表示，当前处于缺货状态，节前应该很难补货，叠加春节消费需求 旺盛，导致价格回升。 （文章来源：第一财经） ...

Group 1 - The report presents the "Shenwan Hongyuan Top Ten Gold Stocks" for February 2026, reflecting the firm's market outlook and stock selection capabilities [1][10] - The previous gold stock combination from January 2026 achieved a return of 16.89%, outperforming the Shanghai Composite Index by 13.61 percentage points and the CSI 300 Index by 15.72 percentage points [7] - Since the inception of the gold stock initiative on March 28, 2017, the cumulative return has reached 486.47%, with the A-share combination up 361.41% and the Hong Kong stock combination up 1373.67% [7] Group 2 - The current market strategy indicates a continuation of the spring market trend, with a focus on cyclical sectors for alpha opportunities, while acknowledging increasing resistance to upward movement as profit effects spread [12] - Recommended sectors for investment include food and beverage, real estate, and cyclical sectors with both beta elasticity and alpha value [12] - The report emphasizes the importance of identifying bottom assets and suggests a rotation in market focus as the trading environment stabilizes [12] Group 3 - The top ten gold stocks for this period include Guizhou Moutai, Hualu Hengsheng, and Dier Laser, with a focus on their growth potential and market strategies [15][16] - Guizhou Moutai is expected to benefit from market reforms and increased consumer access ahead of the Spring Festival, while Hualu Hengsheng is positioned to capitalize on favorable industry policies [15][16] - Dier Laser is noted for its strong competitive position in the photovoltaic sector and potential growth in non-photovoltaic businesses [15][16] Group 4 - The report includes detailed performance metrics for each stock, highlighting their market capitalization, price changes, and excess returns compared to benchmarks [13][18] - For instance, Guizhou Moutai has a market cap of 175.44 billion RMB and is projected to see a net profit growth of 5.0% in 2026 [18] - The report also provides valuation and profit forecasts for the recommended stocks, indicating strong growth prospects for several companies [18]

Group 1: Core Insights - The report indicates that the "Top Ten Gold Stocks" from Shenwan Hongyuan for the period of January 1 to January 30, 2026, achieved a return of 16.89%, outperforming the Shanghai Composite Index and the CSI 300 Index by 13.61 and 15.72 percentage points respectively [8][19] - Since the first release of the gold stock list on March 28, 2017, the cumulative return of the gold stock portfolio has reached 486.47%, with the A-share portfolio up by 361.41% [8][19] - The strategy judgment for the upcoming month suggests a continuation of the spring market trend, with a focus on cyclical sectors for Alpha opportunities, while also indicating that upward resistance is increasing as the market transitions into a phase of sector rotation [8][16] Group 2: Investment Strategy - The report recommends focusing on the main catalysts for February and seizing opportunities in style rotation, particularly in the food and beverage and real estate sectors [16] - In the cyclical sector, it is advised to continue monitoring quality targets that exhibit both Beta elasticity and Alpha value [16] - The report highlights the "Iron Triangle" stocks: Guizhou Moutai, Hualu Hengsheng, and Dier Laser as top picks, alongside other recommended stocks including Huayou Cobalt, Longsheng Technology, Foster, New City Holdings, Dingjie Smart, Alibaba-W (Hong Kong), and Tencent Holdings (Hong Kong) [8][19] Group 3: Stock Performance and Recommendations - The top ten gold stocks include Guizhou Moutai, Hualu Hengsheng, Dier Laser, Huayou Cobalt, Longsheng Technology, Foster, New City Holdings, Dingjie Smart, Alibaba-W (Hong Kong), and Tencent Holdings (Hong Kong) [19][20] - Guizhou Moutai is noted for its market reform and potential for exceeding sales expectations during the upcoming Spring Festival [20] - Hualu Hengsheng is expected to benefit from domestic chemical industry policies that enhance market structure, while Dier Laser is recognized for its strong competitiveness in the photovoltaic sector [20][22]

Core Viewpoint - The price of Moutai has experienced a significant rebound, with the price of a single bottle of Flying Moutai exceeding 1800 yuan, reflecting an overnight increase of over 100 yuan due to strong demand and supply shortages ahead of the holiday season [1] Group 1 - Moutai's price surge is attributed to a shortage of supply, with many stores reporting that they are currently out of stock [1] - The demand for Moutai is expected to remain high during the upcoming Spring Festival, further driving up prices [1] - The increase in price is notable, as it marks a significant change in the market dynamics for Moutai ahead of the holiday [1]

茅台官方直销渠道的持续火爆，成为支撑价格回升的重要力量。茅台官方直销平台"i茅台"自上线以来，始终保持较高的市场关注度，平台上飞天茅台产 品已连续20多天售罄，供需矛盾较为突出。为缓解订单激增带来的发货压力，提升消费者购物体验，近日茅台官方宣布，在原有贵阳发货仓的基础上，新 增南京、北京两大发货仓，进一步优化物流配送体系，提高配送效率，更好地满足全国消费者的购买需求。 对于此次茅台价格大幅上涨的原因，业内专家给出了明确解读。白酒独立分析师肖竹青表示，价格主要由成本和供求关系决定，而当前茅台酒的生产成本 并未出现明显变化，因此，影响此次价格上涨的核心因素是市场预期和供求关系的变化。他进一步分析指出，在茅台酒的市场生态体系中，"黄牛"群体是 最为敏感的群体，他们往往会"追涨杀跌"，既是放大市场"饥渴感"的重要力量，也是茅台酒价格上涨的重要推手和直接受益者。 在肖竹青看来，茅台酒的消费群体可以分为两类，其中真正的"茅粉"多为高净值人群，他们对价格波动并不敏感，购买茅台酒主要用于自饮、收藏或高端 社交场景；而另一类则是由于此前价格回归而新进入的消费群体，以中小企业家和个体户为主，这部分消费者对价格较为敏感。此次价格上 ...