贵州茅台酒销售有限公司1月18日发布温馨提示：谨防飞天茅台虚假申购。 近期，线上平台再次出现冒用茅台名义，发布"开放企业直供通道""企业1499飞天申购，点击链接获取详情""飞天茅台官方申请入口""无需搭售、点击链 接立即申请""1499元企业申购通道"等虚假招商信息，有关内容均属不实宣传，存在误导消费者、甚至诈骗风险。 公司从未授权或委托任何主体，发布以上信息。目前，公司各省区自营店正在与原有企业团购客户签订2026年销售合同，通过线下对接，进行资质审核、 合同签约，未通过公开链接或社交媒体直接受理申请。 温馨提示各市场主体和广大消费者，认准官方渠道，警惕虚假招商。我公司正积极配合有关部门对相关虚假招商行为调查处理，依法追究有关责任主体法 律责任，切实维护市场秩序和消费者权益。 贵州茅台酒销售有限公司 2026年1月18日 来源： 贵州茅台（ID：maotaiguojiu） 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 闫学晶，又一代言被终止 卖爆了！山姆499元羽绒服，多地门店已断货 ...

茅台酒销售公司有关人士向《酒业内参》表示，"自营店正在与原有企业团购客户签订2026年销售合 同，所售产品根据企业团购客户消费需要选定（包含飞天500mI贵州茅台酒等主力产品）。目前仅针对 原有企业团购客户，未对新增企业客户开放。" 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 1月18日，茅台官方发布公告，并"点名"两家自媒体传播虚假消息：近期，线上平台再次出现冒用茅台 名义，发布"开放企业直供通道""企业1499飞天申购，点击链接获取详情""飞天茅台官方申请入口""无 需搭售、点击链接立即申请""1499元企业申购通道"等虚假招商信息，有关内容均属不实宣传，存在误 导消费者、甚至诈骗风险。 公司从未授权或委托任何主体，发布以上信息。目前，公司各省区自营店正在与原有企业团购客户签订 2026年销售合同，通过线下对接，进行资质审核、合同签约，未通过公开链接或社交媒体直接受理申 请。 温馨提示各市场主体和广大消费者，认准官方渠道，警惕虚假招商。我公司正积极配合有关部门对相关 虚假招商行为调查处理，依法追究有关责任主体法律责任，切实维护市场秩序和消费者权益。 此前，部分茅台省区直营店面向纳税达标企业， ...

Investment Rating - The report assigns an "Overweight" rating for the food and beverage industry, indicating a positive outlook compared to the market benchmark [5][23]. Core Insights - The December CPI growth rate has accelerated, suggesting a potential recovery in consumer spending, particularly in the food and beverage sector. The report emphasizes the importance of supply chain recovery and the valuation flexibility of consumer goods [3][9]. - The report highlights the rapid advancement of the product matrix for Moutai, which is leading market reforms [3][10]. Summary by Sections Investment Recommendations - The report suggests focusing on companies with price elasticity, including Guizhou Moutai, Wuliangye, and Luzhou Laojiao. It also identifies potential recovery stocks such as Yingjia Gongjiu and Gujing Gongjiu [8]. - Beverage companies like Dongpeng Beverage and Nongfu Spring are recommended due to favorable market conditions. Additionally, low-valuation, high-dividend stocks such as China Foods and Master Kong are highlighted [8]. - For snacks and food raw materials, companies like Bailong Chuangyuan and Yanjinpuzi are recommended. Beer stocks such as Yanjing Beer and Qingdao Beer are also suggested [8]. - The report notes that the condiment sector is stable, with a recovery expected in the catering supply chain, recommending companies like Qianhe Flavor Industry and Haidilao [8]. White Spirits - Moutai's market-oriented transformation has been officially implemented, focusing on product system, operational model, channel layout, and pricing mechanism. The company aims to enhance consumer engagement and adjust pricing to market conditions [10][12]. - The report indicates that Moutai's recent market actions are expected to stimulate demand and improve sales performance [10][12]. Consumer Goods - The catering supply chain is expected to recover, with leading companies showing positive signals. The report notes that the competition in the catering industry is stabilizing, which may lead to improved market conditions [13]. - Dongpeng Beverage is projected to achieve significant revenue growth in 2025, driven by category expansion and strategic management [14]. Profit Forecast and Valuation - The report provides a detailed profit forecast and valuation for key companies, indicating a generally positive outlook for the food and beverage sector, with many companies rated as "Overweight" [16][17].

贵州茅台声明。 1月18日，贵州茅台发文提示：近期，线上平台再次出现冒用茅台名义，发布"开放企业直供通道""企业1499飞天申购，点击链接获取详情""飞天茅台官方 申请入口""无需搭售、点击链接立即申请""1499元企业申购通道"等虚假招商信息，有关内容均属不实宣传，存在误导消费者、甚至诈骗风险。 贵州茅台从未授权或委托任何主体，发布以上信息。目前，公司各省区自营店正在与原有企业团购客户签订2026年销售合同，通过线下对接，进行资质审 核、合同签约，未通过公开链接或社交媒体直接受理申请。 温馨提示各市场主体和广大消费者，认准官方渠道，警惕虚假招商。贵州茅台正积极配合有关部门对相关虚假招商行为调查处理，依法追究有关责任主体 法律责任，切实维护市场秩序和消费者权益。 二级市场方面，1月4日晚间，贵州茅台（600519）发布公告称，2025年12月31日，公司通过集中竞价交易方式首次回购股份87059股，已回购股份占公司 总股本的比例为0.0070%，购买的最高价为1385.76元/股、最低价为1377.22元/股，已支付的总金额为1.2亿元（不含交易费用）。 | 回购方案首次披露日 | 2025/11/6 | | ...

贵州茅台声明。 1月18日，贵州茅台发文提示：近期， 线上 平台 再次出现 冒用茅台名义，发布 " 开放企业 直供通道 "" 企业 1499飞天申购，点击链接获取详情 "" 飞天茅台官方申请入口 ""无需搭 售、点击链接立即申请""1499元企业 申购 通道 " 等虚假 招商 信息， 有关 内容均属不实宣 传，存在误导消费者、甚至诈骗风险。 贵州茅台从未授权或委托任何主体，发布以上信息。目前，公司各省区自营店正在与原有企 业团购客户签订 2026年销售合同，通过 线下对接， 进行 资质审核、合同签约， 未 通过公 开链接或社交媒体直接受理申请 。 温馨提示各市场主体和 广大消费者 ， 认准官方渠道，警惕虚假 招商 。贵州茅台 正 积极配 合有关部门对相关虚假招商行为调查处理，依法追究有关责任主体法律责任，切实维护市场 秩序和消费者权益。 公开资料显示，这是贵州茅台上市以来第二轮回购，2025年1月—8月，公司进行了首轮回 购，总共回购了392.76万股股份，耗资近60亿元。 综合自：贵州茅台微信公众号、公司公告 责编：叶舒筠 校对：王锦程 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得 ...

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 公司从未授权或委托任何主体，发布以上信息。目前，公司各省区自营店正在与原有企业团购客户签订 2026年销售合同，通过线下对接，进行资质审核、合同签约，未通过公开链接或社交媒体直接受理申 请。 温馨提示各市场主体和广大消费者，认准官方渠道，警惕虚假招商。我公司正积极配合有关部门对相关 虚假招商行为调查处理，依法追究有关责任主体法律责任，切实维护市场秩序和消费者权益。 2026年1月18日 贵州茅台酒销售有限公司 来源：贵州茅台 ...

贵州茅台发文提示：近期，线上平台再次出现冒用茅台名义，发布"开放企业直供通道""企业1499飞天 申购，点击链接获取详情""飞天茅台官方申请入口""无需搭售、点击链接立即申请""1499元企业申购通 道"等虚假招商信息，有关内容均属不实宣传，存在误导消费者、甚至诈骗风险。公司从未授权或委托 任何主体，发布以上信息。目前，公司各省区自营店正在与原有企业团购客户签订2026年销售合同，通 过线下对接，进行资质审核、合同签约，未通过公开链接或社交媒体直接受理申请。 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The liquor industry is undergoing a transformation with the rise of instant retail, prompting companies to adapt their strategies for full-chain competition [2] - The market for loose liquor is expected to grow significantly, from 800 billion yuan in 2024 to over 1 trillion yuan in 2025, driven by community consumption and the appeal to younger consumers [2] - The trend of low-alcohol liquor is gaining traction, with major brands launching products to cater to the preferences of younger consumers, although challenges remain in maintaining flavor and stability [5] - The white liquor market is experiencing a shift from high-end to mid-range products, with a focus on value and quality rather than brand prestige [6] - The concept of "user co-creation" is emerging as a key strategy for brands to engage consumers and enhance brand loyalty [13] Industry Environment - Instant retail is becoming a new frontier for liquor sales, with leading brands exploring online channels and innovative models like live streaming [2] - The loose liquor market is being targeted by several well-known brands as a response to inventory pressures and price discrepancies [2] - The high-end liquor segment is facing challenges with declining sales and inventory issues, prompting brands to adjust their strategies [9] - The 400-600 yuan price range for liquor is disappearing in many markets, with actual transaction prices dropping to 300-400 yuan [9] - The wedding market is seeing a resurgence, but overall liquor consumption is declining due to economic pressures [14] Top Brand Dynamics - Wuliangye is implementing a "youthful and scenario-based" strategy with the opening of a cultural experience center in Hangzhou [21] - Shede Liquor is collaborating with high-end dining experiences to showcase the value of premium liquor [22] - The introduction of light-flavored liquor by Niulanshan aims to attract younger consumers and adapt to changing market demands [22] - The report highlights the success of Jinjiao liquor in appealing to young female consumers, marking a shift in the health liquor market [28] - Muddy Pit Liquor is achieving growth through a focus on quality and brand empowerment during the industry's downturn [25]

格隆汇1月18日｜"今日酒价"披露的批发参考价显示，1月18日，26年飞天茅台原箱较前一日上涨10元， 报1550元/瓶；26年飞天茅台散瓶较前一日上涨10元，报1540元/瓶。 ...

外资最新调仓动向曝光。 北向资金2025年四季度净流入101.5亿元，持有A股市值由三季度末的25852亿元小幅提升至25898亿元。 外资最新持仓来了！截至2025年末，北向资金前十大重仓股分别为宁德时代、美的集团、贵州茅台、招商银行、紫金矿业、北方华创、中际旭创、汇川技 术、中国平安、立讯精密。 前20大重仓中新增思源电气、寒武纪，同时药明康德、澜起科技退出前20大重仓。 | 排名 | 代码 | 名称 | 所属行业 | 持股市值(亿元 | | --- | --- | --- | --- | --- | | 1 | 300750.SZ | 宁德时代 | 电池 | 2543.4 | | 2 | 000333.SZ | 美的集团 | 白色家电 | 770.5 | | 3 | 600519.SH | 贵州茅台 | 白酒 | 758.1 | | 4 | 600036.SH | 招商银行 | 股份制银行 | 514.2 | | 5 | 601899.SH | 紫金矿业 | 工业金属 | 471.2 | | 6 | 002371.SZ | 北方华创 | 半島体 | 457.5 | | 7 | 300308.SZ | 中 ...