早盘，太空光伏概念震荡拉升。双良节能直线涨停，奥特维"20cm"涨停，迈为股份、帝科股份、国晟科技等多股跟涨。消息面上，当地时间2月2日，美 国企业家马斯克旗下的太空探索技术公司（SpaceX）发表声明，宣布已收购同属于马斯克旗下的人工智能企业xAI公司。xAI公司同时也发表声明，证明 已"加入SpaceX"。 9:40 4838.93个 9:40 4837.48J 9:40 4837.89个 9:40 4836.94J 9:40 4837.31个 4464.27 -4.20% 9:40 4837.20↓ 量比 9:40 4836.837 9:40 4837.10↑ k 7 9:40 4836.85J 9:40 4836.95个 白酒概念股持续活跃。皇台酒业触及涨停 ，金徽酒、利通科技、贵州茅台等多股跟涨。消息面上，国信证券表示，近期白酒、地产等前期滞涨板块表现 较优，其背后逻辑是春季行情进入下半场后，市场结构分化趋于收敛。 | ▼ | 白酒概念 1 | | --- | --- | | | 7377.30 0.11% | | 成分股 看点 | 基金 资金 新闻 | | 実部 龙头股 | 3日内有涨停 连板 连 ...

2月3日，A股酿酒板块表现活跃，20支酿酒股呈上涨状态。其中，贵州茅台涨幅约2%，股价在1451元/ 股左右徘徊。皇台酒业冲击涨停后回调，截至发稿，涨幅约8%。 （wind） ...

【开源食饮】重视！茅台需求韧性超预期，大众品底部改善趋势明确 1、2025年茅台批价有较大幅度下降，有效刺激了需求。 进入四季度，i茅台大量放货背景下，线上仍然一瓶难求，同时传统渠道的茅台批发价格止跌回升，我们认为这是 白酒板块明显的底部信号，证明龙头产品价格回调后仍然具有相应的需求支撑。 目前来看，白酒需求层面逐步改善，随着宏观环境触底好转，部分商务需求小范围恢复，节 【开源食饮】重视！茅台需求韧性超预期，大众品底部改善趋势明确 2026年春节落在二月中旬，春节错期下食品企业2026年一季度业绩基数较低，叠加政策端强调扩内需促消费，食 品板块在一季度业绩预计有较好表现。 3、聚焦2026年，食品方面重点看好原奶/乳制品、零食赛道及餐饮供应链三大细分方向的投资机会。 餐饮供应链底部特征明显，2022年跟随宏观环境变化，餐饮行业陷入价格内卷，经过四年激烈竞争，餐供行业份 额向头部企业集中。 同时下游餐饮客户也意识到内卷无效，更注重产品品质和创新，也有利于餐供龙头。 1、2025年茅台批价有较大幅度下降，有效刺激了需求。 进入四季度，i茅台大量放货背景下，线上仍然一瓶难求，同时传统渠道的茅台批发价格止跌回升，我们 ...

Summary of the Wine Industry Conference Call Industry Overview - The wine industry is cyclical, with high gross margins and ROE, but investors believe it has not yet reached a "break and stand" phase, indicating a potential for future growth despite current revenue and profit declines [1][2] - The industry is currently facing a supply-demand imbalance, which is being actively addressed through price adjustments and consumer demand activation [1][2] Key Insights - Moutai's price has decreased from 1,800 RMB to 1,499 RMB since 2021, with expectations of a sales surge in 2025, indicating the discovery of new consumer groups and price stabilization [1][2][4] - The price of 1,499 RMB is seen as a potential bottom for the industry, suggesting a phase of stability where significant price cuts are no longer necessary [1][4] - The white wine industry has successfully activated consumer demand through trial and error and price adjustments, achieving a balance of volume and price without strong policy stimuli [2][3] Impact of Moutai's Pricing - Moutai's price changes significantly influence the entire white wine industry, providing a pricing reference for other brands and contributing to overall market confidence [4][5] - The stabilization of Moutai's price is crucial for the industry, as it indicates a nearing bottom and allows other brands to adjust their pricing strategies accordingly [5][6] Current Market Dynamics - The white wine industry is at a critical turning point, with a balanced volume-price relationship and good internal equilibrium, suggesting that 2026 will not be a bottom-seeking year but rather a period of growth [6][7] - Investors are encouraged to position themselves in the market, as the current conditions present a favorable opportunity for stock allocation [8] Future Outlook - The future trajectory of the white wine sector will largely depend on policy support and market demand. Strong policies could accelerate market growth, while a lack of support may require patience from investors [9] - Overall, the industry is in a volume-price balance state, with limited downside risk and significant upside potential, making it an opportune time for investment [9]

茅台近期情况更新 2026-2-2 茅台近期情况更新 2026-2-2 根据部分经销商反馈，#茅台节前即将发货1*4整箱茅台，占用经销商3月份配额。 本次提前发货，主要系近期价格上涨，市场供需格局有所错配，公司灵活调整发货节奏，将少部分3月配额提前配 发货，预计将有助于稳定市场批价和黄牛炒作。 考虑目前茅台供需状况，我们#预计节前茅台价格将维持相对稳定。 根据新闻报道，李强清已于近日正式出任 根据部分经销商反馈，#茅台节前即将发货1*4整箱茅台，占用经销商3月份配额。 目前，i茅台APP月活跃用户(MAU)已突破1000万。 本次提前发货，主要系近期价格上涨，市场供需格局有所错配，公司灵活调整发货节奏，将少部分3月配额提前配 发货，预计将有助于稳定市场批价和黄牛炒作。 考虑目前茅台供需状况，我们#预计节前茅台价格将维持相对稳定。 根据新闻报道，李强清已于近日正式出任贵州茅台酒销售有限公司总经理（曾担任贵州茅台酱香酒营销有限公司 总经理），谢钦卿出任茅台酱香酒董事长。 i茅台APP自今年1月上线1499元/瓶飞天茅台(53度、500ml)后，活跃用户数明显增长。 ...

【开源食饮】重视！茅台需求韧性超预期，大众品底部改善趋势明确 1、2025年茅台批价有较大幅度下降，有效刺激了需求。 进入四季度，i茅台大量放货背景下，线上仍然一瓶难求，同时传统渠道的茅台批发价格止跌回升，我们认为这是 白酒板块明显的底部信号，证明龙头产品价格回调后仍然具有相应的需求支撑。 目前来看，白酒需求层面逐步改善，随着宏观环境触底好转，部分商务需求小范围恢复，节前动 【开源食饮】重视！茅台需求韧性超预期，大众品底部改善趋势明确 1、2025年茅台批价有较大幅度下降，有效刺激了需求。 进入四季度，i茅台大量放货背景下，线上仍然一瓶难求，同时传统渠道的茅台批发价格止跌回升，我们认为这是 白酒板块明显的底部信号，证明龙头产品价格回调后仍然具有相应的需求支撑。 目前来看，白酒需求层面逐步改善，随着宏观环境触底好转，部分商务需求小范围恢复，节前动销逐步加速。 我们看好2026年白酒行业周期反转带来的投资机会。 2、春节作为食品消费旺季，备货需求释放有望提振板块。 新春佳节是食品饮料消费核心旺季，礼品采购、家庭团聚等场景带动大众品备货需求集中释放。 （4）卫龙美味：展望2026年，魔芋单品有望保持较快增长，产品仍 ...

茅台近期情况更新 2026-2-2 根据部分经销商反馈，#茅台节前即将发货1*4整箱茅台，占用经销商3月份配额。 根据部分经销商反馈，#茅台节前即将发货1*4整箱茅台，占用经销商3月份配额。 本次提前发货，主要系近期价格上涨，市场供需格局有所错配，公司灵活调整发货节奏，将少部分3月配额提前配 发货，预计将有助于稳定市场批价和黄牛炒作。 考虑目前茅台供需状况，我们#预计节前茅台价格将维持相对稳定。 根据新闻报道，李强清已于近日正式出任贵州茅台酒销售有限公司总经理（曾担任贵州茅台酱香酒营销有限公司 总经理），谢钦卿出任茅台酱香酒董事长。 i茅台APP自今年1月上线1499元/瓶飞天茅台(53度、500ml)后，活跃用户数明显增长。 目前，i茅台APP月活跃用户(MAU)已突破1000万。 本次提前发货，主要系近期价格上涨，市场供需格局有所错配，公司灵活调整发货节奏，将少部分3月配额提前配 发货，预计将有助于稳定市场批价和黄牛炒作。 考虑目前茅台供需状况，我们#预计节前茅台价格将维持相对稳定。 根据新闻报道，李强清已于近日 茅台近期情况更新 2026-2-2 ...

Core Insights - The article discusses the launch of "Wine Price Reference" by Sina Finance, which provides real-time data on the retail prices of major Chinese liquor brands, highlighting a structural price differentiation in the market as of February 3rd [1][7]. Price Trends - The average retail price of the top ten liquor products in China was reported at 9013 yuan, a slight decrease of 7 yuan from the previous day, primarily driven by price corrections in high-end products [1][7]. - Among the ten products, seven saw price increases while three experienced declines, indicating a continued structural differentiation in pricing [1][7]. Notable Price Changes - The price of Xijiu Junpin increased by 10 yuan, while Qinghua Lang rose by 8 yuan, reflecting a stronger pricing strategy in the market [1][7]. - Other products like Yanghe Dream Blue M6+ and Guojiao 1573 each saw a price increase of 5 yuan, indicating a positive market sentiment [1][7]. - Conversely, the price of premium Moutai dropped by 22 yuan, marking the largest decline, following a previous strong price increase [1][7]. Data Collection Methodology - The "Wine Price Reference" collects data from approximately 200 sampling points across various regions, including designated distributors, social distributors, e-commerce platforms, and retail outlets, ensuring a comprehensive and objective price tracking system [2][8]. - The data aims to provide a scientifically accurate and traceable representation of the market prices for well-known liquor brands [2][8]. iMoutai Platform Insights - The iMoutai platform reported an increase of 6.28 million new users in the past month, with active users exceeding 15.31 million [2][8]. - The platform successfully processed over 2.12 million orders, with more than 1.43 million orders for the 500ml Moutai product, indicating strong consumer demand [2][8]. - iMoutai has enhanced its risk management capabilities, successfully intercepting 540 million instances of abnormal behavior in January, aiming to create a fair and orderly consumption environment [2][8].

Core Insights - The Chinese white liquor market is experiencing structural price differentiation among its top ten products, with a slight overall price decline observed on February 3, where the total retail price for a bundled sale of these products was 9013 yuan, down by 7 yuan from the previous day [1] Price Movements - Among the top ten products, seven saw price increases while three experienced declines, indicating a continuation of structural differentiation in terminal prices [1] - The most significant price increases were noted for: - Xijiu Junpin, which rose by 10 yuan - Qinghua Lang, which increased by 8 yuan - Yanghe Dream Blue M6+ and Guojiao 1573, both up by 5 yuan, reflecting stronger channel pricing intentions [1] - Conversely, the largest declines were recorded for: - Boutique Moutai, which fell by 22 yuan after a previous strong increase - Feitian Moutai, down by 16 yuan following a substantial rise at the end of January - Qinghua Fen, which decreased by 3 yuan, indicating slight market price easing [1] Specific Product Pricing - The current prices for notable products are as follows: - Feitian Moutai: 1699 yuan, down by 16 yuan - Boutique Moutai: 2395 yuan, down by 22 yuan - Wuliangye Pu 58: 803 yuan, up by 2 yuan - Yanghe Dream Blue M6+: 590 yuan, up by 5 yuan - Xijiu Junpin: 635 yuan, up by 10 yuan - Qinghua Lang: 715 yuan, up by 8 yuan - Gujing Gong: 521 yuan, up by 1 yuan - Shujian Jian Nan Chun: 392 yuan, up by 3 yuan [3][4]

茅台"少壮派"代表 据茅台融媒体中心消息，2025年6月17日至19日，茅台集团党委副书记、总经理王莉率队赴北京、 浙江拜访京东集团和阿里巴巴集团，并组织召开部分省区贵州茅台酒传统经销商座谈会。在北京召开的 贵州茅台酒传统经销商座谈会上，来自全国部分省区的40位经销商代表与茅台展开深入沟通交流，全面 分析当前茅台酒市场营销现状，系统谋划应对措施。 值得注意的是，茅台酱香酒营销公司在贵州茅台内部地位不一般。茅台酱香酒营销公司主要负责茅 台1935等茅台酱香系列酒的市场运营与销售工作。2024年和2025年前三季度，茅台酱香系列酒销售额分 别超246.8亿元和178.8亿元。 当时茅台集团党委委员张贵超曾现身参加。 至于张贵超未来职位，目前暂不明确。 【中国白酒网】茅台集团最年轻党委委员或再获提拔，"少壮派"代表张贵超拟职务晋升！ 张贵超被视为茅台"少壮派"代表，出生于1982年6月，今年43岁，是茅台集团最年轻的党委委员。 简历显示，从2000年4月起，他在茅台体系内多岗位历练，涉及制酒车间酒库、勾贮、营销、市场管理 等部门，历任车间副主任、主任、销售公司董事长、总经理助理等职，2024年8月他被提拔为贵州茅台 ...