茅台证券投资部门对新浪财经《酒业内参》表示："感谢您来电反馈，公司已经关注到消费者反映的问 题。节日临近，i茅台APP访问量大幅增加，我们正进一步优化系统功能，同步增加客服坐席，以便更 好地响应大家的需求，感谢您的理解和支持。 2月6日，继昨日i茅台小程序"卡崩"后，早上仍有网友发现程序卡顿，无法抢购。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 新浪声明：新浪网登载此文出于传递更多信息之目的，并不意味着赞同其观点或证实其描述。文章内容 仅供参考，不构成投资建议。投资者据此操作，风险自担。 ...

Group 1 - The main stocks with significant capital outflows include Xinyi Technology (-28.83 billion), Zhongji Xuchuang (-15.50 billion), and Aerospace Development (-13.04 billion) [1] - The sectors affected by the capital outflows primarily include communication equipment, internet services, and optical electronics [2][3] - The largest percentage decline in stock prices was observed in Zhejiang Wenlian, which fell by 9.79% [2] Group 2 - Other notable stocks with substantial capital outflows include Guizhou Moutai (-5.44 billion), Sunshine Power (-5.46 billion), and Sanan Optoelectronics (-4.11 billion) [1][3] - The overall trend indicates a negative sentiment in the market, particularly in the communication equipment and internet service sectors [2][3] - The data reflects a broader market trend of capital withdrawal, impacting various industries including agriculture, aerospace, and cultural media [1][2]

Main Points - The main focus of the news is on the significant outflow of capital from various stocks, highlighting the top 20 stocks with the largest capital outflows as of February 6, with New Yisheng leading at -21.42 billion yuan [1][2][3] Group 1: Stock Performance - New Yisheng experienced a capital outflow of -21.42 billion yuan, indicating a strong sell-off in the communication equipment sector [1][2] - Zhongji Xuchuang saw a capital outflow of -12.41 billion yuan, also within the communication equipment industry [1][2] - Aerospace Development had a capital outflow of -10.21 billion yuan, reflecting investor sentiment in the communication equipment sector [1][2] - Pingtan Development reported a capital outflow of -9.04 billion yuan, indicating challenges in the agriculture and animal husbandry sector [1][2] - Kweichow Moutai faced a capital outflow of -5.60 billion yuan, suggesting potential concerns in the liquor industry [1][2] Group 2: Sector Analysis - The communication equipment sector is notably affected, with three companies (New Yisheng, Zhongji Xuchuang, and Aerospace Development) among the top outflows [1][2] - The liquor industry, represented by Kweichow Moutai, shows a significant outflow, which may indicate market volatility or changing consumer preferences [1][2] - The internet services sector is also impacted, with companies like Kunlun Wanwei and Dongfang Caifu experiencing outflows of -5.27 billion yuan and -4.58 billion yuan respectively [1][2][3] Group 3: Additional Stocks - Other notable stocks with significant outflows include Sunshine Power (-4.00 billion yuan) in the photovoltaic equipment sector and Sanan Optoelectronics (-3.71 billion yuan) in the optical and optoelectronic sector [1][3] - The precious metals sector, represented by Shandong Gold, saw an outflow of -3.65 billion yuan, indicating potential investor caution [1][3] - The cultural media sector, with companies like Zhejiang Wenlian and Blue Focus, also faced outflows of -5.45 billion yuan and -3.12 billion yuan respectively, reflecting market dynamics in this industry [1][3]

贵州茅台成交额达100亿元，现跌2.38%。 ...

Group 1 - The A-share market opened lower on February 6, 2026, with the major consumption index down by 1.06% as of 10:08 AM, indicating mixed performance among constituent stocks [1] - The food and beverage industry is showing a recovery trend, particularly in the liquor sector, driven by macro policy optimization, low valuation levels, and improvements in leading companies' fundamentals [1] - Optimized real estate policies and intensive domestic demand support measures have boosted market expectations for a recovery in consumer scenarios [1] Group 2 - The top ten weighted stocks in the major consumption index as of January 30, 2026, include Kweichow Moutai, Wuliangye, Yili, Muyuan Foods, Luzhou Laojiao, Shanxi Fenjiu, Wens Foodstuff, Haitian Flavoring, Dongpeng Beverage, and Haida Group, collectively accounting for 67.37% of the index [1] - The consumption ETF managed by Harvest (512600) tracks the major consumption index, which encompasses leading consumer stocks across various sectors, with liquor being the largest sector, accounting for over 38% of the index [2] - Investors can also access the consumption recovery trend through the consumption ETF linked fund (009180) [3]

2月6日，继昨日i茅台小程序"卡崩"后，早上仍有网友发现程序卡顿，无法抢购。 责任编辑：宋雅芳 此前，茅台证券投资部门对新浪财经《酒业内参》表示："感谢您来电/留言反馈，公司已经关注到消费 者反映的问题。节日临近，i茅台APP访问量大幅增加，我们正进一步优化系统功能，同步增加客服坐 席，以便更好地响应大家的需求，感谢您的理解和支持。"新浪声明：新浪网登载此文出于传递更多信 息之目的，并不意味着赞同其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操 作，风险自担。 ...

在2月5日出现抢购页面无法访问后，2月6日9:00开始，部分网友反馈茅台抢购页面再次崩溃。 （文章来源：第一财经） ...

Core Insights - The report highlights the contradiction faced during the "14th Five-Year Plan" period, where carbon reduction pressures are increasing while the growth rate of new energy installations is slowing down. The introduction of a national capacity price policy is expected to open up space for new energy installations and support high-yield investment options for power companies during the "14th Five-Year Plan" investment intensity [5][6][9]. Group 1: Energy Storage Industry - The national capacity price policy, issued on January 30, 2026, aims to establish a mechanism that balances power supply stability, green energy transformation, and efficient resource allocation. This policy is expected to support the development of adjustable power sources and enhance the installation of new energy [7][9]. - The report estimates that the demand for energy storage will show a high growth trend, with new energy storage installations expected to reach 66.43 GW and 189.48 GWh in 2025, representing year-on-year increases of 52% and 73% respectively [8][9]. - The capacity price policy is seen as the final piece needed for energy storage development, potentially increasing project returns from approximately 6.5% to over 8% under current subsidy conditions. This is expected to stimulate investment interest from state-owned enterprises in new energy storage projects [8][9]. Group 2: Investment Recommendations - The report suggests prioritizing investments in leading companies involved in energy storage integration and upstream battery cells, recommending firms such as Sungrow Power Supply, Trina Solar, LONGi Green Energy, JinkoSolar, CATL, and Eve Energy. It also advises monitoring companies like Haisum, Sungrow Electric, Canadian Solar, and Penghui Energy [9].

Core Insights - The core insight of the news is that the retail prices of major Chinese liquor brands have significantly increased, with the average price of the top ten products reaching a new high since 2026, indicating a strong market recovery and demand surge ahead of the Spring Festival [1][6]. Price Trends - The total retail price for a package of the top ten liquor products is 9118 yuan, which is an increase of 67 yuan from the previous day [1][6]. - Among the top ten products, eight saw price increases while two experienced declines, reflecting a general upward trend in the market [1][6]. - The most notable price increases include: - Gujinggong 20, up 15 yuan per bottle, reaching a 30-day high [1][6]. - Yanghe Dream Blue M6+ increased by 12 yuan per bottle [1][6]. - Both Feitian Moutai and Qinghua Lang rose by 10 yuan per bottle [1][6]. - Other products like Qinghua Fen 20, Guojiao 1573, and Shuijing Jian Nan Chun increased by 6 yuan per bottle [1][6]. - The only products that saw price declines were Wuliangye Pu 58 and boutique Moutai, which fell by 2 yuan and 1 yuan respectively [1][6]. Market Analysis - The data for the "Liquor Price Reference" is collected from approximately 200 points across various regions, ensuring a comprehensive and accurate representation of the market [2][7]. - The recent price trends are attributed to several factors: - The upcoming Spring Festival, which traditionally boosts consumer demand [8]. - Improved macroeconomic policies that enhance domestic demand [8]. - A shift in investment strategies, with institutional holdings at historically low levels [8]. - The current state of the liquor industry is characterized by a "five-bottom phase" in terms of policy, inventory, sales, and pricing, suggesting a potential turning point for the market [8].

智通财经APP获悉，开源证券发布研报称，近期白酒板块在政策、估值、基本面共振下强势上涨，行业 处于周期底部，需求复苏与政策优化支撑可持续性预期。其底部修复逻辑同样适用于啤酒、调味品等处 于双底部的食品饮料子行业。2026年大众品投资可聚焦零食、原奶/乳制品及餐饮供应链三大方向。需 关注经济、政策及需求复苏不及预期等风险。 周期底部复苏逻辑明确，看好白酒板块可持续性上涨 该行认为本轮白酒板块上涨具备可持续性，当前行业已处于周期底部区域，基本面向上修复逻辑清晰。 首先，白酒需求端呈现缓慢复苏态势，高端白酒批价回落至合理区间后，有效激发了真实消费需求，叠 加春节旺季临近，家庭聚会、礼品馈赠等场景需求集中释放，价格下行带来的消费提振效应逐步显现； 其次，禁酒令进行纠偏后，政策负面影响边际递减，从近期消费场景恢复情况来看，政策对白酒核心消 费需求的扰动持续减弱，市场预期趋于稳定；再次，随着宏观经济逐步企稳、促消费政策持续出台，整 体消费市场活力有望修复，白酒行业有望实现企稳回升。 伴随后续需求回暖和政策加码，多个子行业有望复制底部修复行情 板块底部修复逻辑并非白酒板块独有，可延伸至整个食品饮料行业。当前啤酒、调味品、速 ...