25年飞天茅台原箱较前一日上涨35元，报1600元/瓶；25年飞天茅台散瓶较前一日上涨20元，报1580元/瓶。 24年飞天茅台原箱较前一日上涨50元，报1750元/瓶；24年飞天茅台散瓶较前一日上涨5元，报1615元/瓶。同时，还有马茅经典款，价格暴涨300，抢购的 人，越来越多。 从"热贵网酒业"披露的批发参考价显示，26年飞天茅台原箱较前一日上涨35元，报1590元/瓶；26年飞天茅台散瓶较前一日上涨20元，报1570元/瓶。 此前，i茅台平台数据披露显示，飞天茅台上线仅9天就吸引270万新注册用户。业内人士分析指出，年轻群体已成为其中不可忽视的关键力量。 央视总台在节目中谈到，过去茅台常被视为长辈酒柜里的珍藏、商务宴请的"硬通货"，似乎与年轻一代存在距离感。但实际上，年轻人并非不喜欢茅台， 而是以往市场价动辄超过2000元，让他们望而却步。 年轻消费者宋嘉琦在节目中表示，此前因价格而对茅台感到疏远，但如今通过i茅台这个官方渠道，年轻人有了更多了解和接触产品的机会。 国信证券最新研报指出，虽然日均投放规模较大，但供不应求的局面仍然说明了茅台酒的真实开瓶需求具有韧性。 爱建证券研报分析称，从公司快速收紧限 ...

智通财经记者 | 武冰聪 智通财经编辑 | 任雪松 图片来源：界面图库 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 2月14日，第三方平台"今日酒价"监测到飞天茅台终端售价较前一日小幅下滑。13日，飞天茅台原箱酒 每瓶约为1715元/瓶。 | | 茅台飞天 | | 2026年2月14日 (公众号:今日酒价) | | | --- | --- | --- | --- | --- | | 品名 | | 规格 | 昨日行情 | 今日行情 | | 2 26年飞天(顾) | | 53度/500ml | 1715 | 1690 ↓ | | 2 26年飞天(胶) | | 53度/500ml | 1660 | 1650 ↓ | 飞天茅台2月14日市场行情小幅下跌/图片来源：今日酒价 不同平台之间的调研结果存在些许差异，但总体来说，春节前飞天茅台终端价格仍处于波动上扬态势， 且达到了近一个月的价格小高峰。 影响本轮价格变动的主要原因是季节性市场需求增长。茅台本就是中国消费者认为具备礼赠、收藏价值 的白酒，在白酒行业深度调整题期，飞天茅台终端零售价较五粮液、国窖1573等名酒的差距缩小，进一 步促使茅台稳坐白酒春节档 ...

Core Insights - The article discusses the recent trends in the Chinese liquor market, specifically focusing on the retail prices of the top ten baijiu products, which showed a mixed performance with some prices increasing while others decreased [1][6]. Price Trends - As of February 15, the total retail price for a package of the top ten baijiu products was 9,173 yuan, reflecting a slight increase of 6 yuan from the previous day [1][6]. - Among the ten products, five saw price increases, four experienced declines, and one remained unchanged [1][6]. Individual Product Performance - The products that increased in price included: - Guojiao 1573, which rose by 10 yuan per bottle [1][6]. - Wuliangye Pu 58th generation and Xijiu Junpin, which increased by 7 yuan and 6 yuan per bottle, respectively [1][6]. - Qinghua Fen 20 and Yanghe Dream Blue M6+, both of which rose by 4 yuan per bottle [1][6]. - The products that decreased in price included: - Premium Moutai, which fell by 9 yuan per bottle [1][6]. - Qinghua Lang, which decreased by 7 yuan per bottle [1][6]. - Gujing Gonggu 20, which dropped by 5 yuan per bottle [1][6]. - Feitian Moutai, which saw a minor decline of 4 yuan per bottle [1][6]. - The price of Shuijing Jian Nan Chun remained stable at 407 yuan per bottle [1][6]. Market Analysis - The data for the "Liquor Price Reference" is collected from approximately 200 sampling points across various regions, including designated distributors, social distributors, e-commerce platforms, and retail outlets [4][9]. - The introduction of the iMoutai platform selling Feitian Moutai at 1,499 yuan and Premium Moutai at 2,299 yuan has begun to influence market prices significantly [4][9]. - Lin Yuan, chairman of Linyuan Investment, indicated that the price reform for core products on the iMoutai platform could have profound implications for the company and the industry, potentially opening up new sales growth opportunities [4][9]. - The analysis suggests that the demand for high-end baijiu remains strong, with a significant supply-demand gap still present [4][9].

智通财经记者 | 武冰聪 智通财经编辑 | 任雪松 临近春节，白酒消费来到了一年中最旺的时刻。2月13日，第三方平台"酒价内参"数据显示，贵州茅台 飞天酒价格大幅上涨32元/瓶，售价来到1790元/瓶，逼近1800元关口，达到了近一个月新高。 2月14日，第三方平台"今日酒价"监测到飞天茅台终端售价较前一日小幅下滑。13日，飞天茅台原箱酒 每瓶约为1715元/瓶。 | 飞 | | --- | 天茅台2月14日市场行情小幅下跌/图片来源：今日酒价 不同平台之间的调研结果存在些许差异，但总体来说，春节前飞天茅台终端价格仍处于波动上扬态势， 且达到了近一个月的价格小高峰。 影响本轮价格变动的主要原因是季节性市场需求增长。茅台本就是中国消费者认为具备礼赠、收藏价值 的白酒，在白酒行业深度调整题期，飞天茅台终端零售价较五粮液、国窖1573等名酒的差距缩小，进一 步促使茅台稳坐白酒春节档C位。 "2025年12月至2026年1月初，茅台停止向已完成合同的经销商发货，缓解经销商年底资金压力，防止渠 道恐慌性抛售。"肖竹青表示，除了酒价的季节性波动，贵州茅台方面也在主动控量稳价。 K WEIC H O W M OUTAI B ...

Core Insights - The "Wine Price Reference" by Sina Finance has launched, providing real-time data on the retail prices of major Chinese liquor brands, indicating a recent decline in prices after a period of high stability [1][7]. Price Trends - The average retail price of the top ten liquor products in China on February 14 was 9,167 yuan, a decrease of 22 yuan from the previous day, marking a low point for the week [1][7]. - Among the ten products, four saw price increases, five experienced declines, and one remained stable, indicating a mixed market performance [4][10]. Specific Product Pricing - Key price changes include: - Guizhou Moutai (Flying) at 1,784 yuan, down 6 yuan - Guizhou Moutai (Boutique) at 2,398 yuan, down 17 yuan - Wuliangye at 808 yuan, unchanged - Qinghua Fen at 388 yuan, up 4 yuan - Guojiao 1573 at 883 yuan, down 2 yuan - Yanghe Dream Blue M6+ at 607 yuan, down 6 yuan - Ancient Well Tribute at 542 yuan, up 4 yuan - Xijiu Junpin at 644 yuan, down 8 yuan [2][4][9]. Market Analysis - The data is sourced from approximately 200 collection points across various regions, including designated distributors and major e-commerce platforms, aiming to provide an objective and traceable market price reference [5][11]. - According to Huachuang Securities, the liquor sector is currently at a dual bottom in expectations and holdings, with the upcoming Spring Festival expected to boost sales, particularly for leading brands like Guizhou Moutai and Wuliangye [5][11].

Group 1 - The article announces the launch of a prize-winning questionnaire activity by the company "小茅" on the i茅台 APP, aimed at gathering customer feedback during the Spring Festival [1][3][9] - The questionnaire activity will run from February 16, 09:00 to March 3, 23:59, allowing participants to enter through various prompts on the app [3][9] - Participants who complete the questionnaire will be eligible for a lottery, with results verified by a third-party authority using blockchain technology [3][9] Group 2 - A variety of prizes are offered, including different editions of 贵州茅台酒 (Guizhou Moutai) and other products, with specific quantities allocated for each prize [4][10] - The prize distribution includes 9 bottles of珍享版 (Premium Edition), 1 bottle of 经典版 (Classic Edition), and 666 bottles of 飞天 (Flying Fairy) among others, totaling 66666 items for the smallest prize [4][10] - The company emphasizes the importance of customer feedback for its growth and improvement, highlighting the relationship between the company and its customers [1][7]

文丨酒食汇团队 距离马年春节仅有三天的时间，白酒年终旺季也渐渐进入到尾声，据市场一线反馈：今年春节旺季销售周期依然较为短暂，仅有两周左右的时间；整体动 销更是在去年春节遇冷的基础上再次下滑10%以上，整体氛围透出阵阵寒意。 作为白酒最重要的销售窗口，春节销量通常占据全年份额的40%左右，是检验全年业绩的晴雨表，失去了春节旺季的"开门红"，可以预见，2026年的白酒 行业必然会更加艰难。 三大原因，白酒市场整体遇冷 过去，白酒春节旺季的销售"黄金期"清晰明确：元旦左右启动，春节前两周冲刺，除夕前收官。但今年，消费节奏被打乱。 "往年春节前能有一个月左右的销售旺季，而今年旺季周期大幅缩短，仅剩下过年之前的两周时间。""今年进了2月才开始有一点点旺季的感觉。""还没开 始就结束了，完全没有感觉到。"…… 导致这种现状的原因主要有三个方面：一是消费者购买能力下降，有限预算下愈发理性，不再"提前囤货"，而是"按需购买"，尤其家庭消费更趋谨慎；二 是"禁酒令"的余威犹在，礼赠、宴请场景呈现"消费降级"与"用量降低"的双降现象，尤其是大型聚会、企业团建活动大幅减少；三是电商平台春节低价促 销以及即时零售平台的直接冲击，导致 ...

马年来了，全网都在"抓马"，力度等同于"抓钱"。最近火爆的商品也大多跟"马"有关，传统类的"马年生肖产品"依旧能有"理财"的效果。总之，现在 沾"马"就要火。 马年来了，全网都在"抓马"，力度等同于"抓钱"。 因为马在中国文化中象征力量、忠诚、进取、健康、吉祥等多种积极的品质和精神，谁都喜欢。即便见面问候一句"马上发财、马上幸福"，也能把亲朋好 友钓成翘嘴。 所以，商家对"马"这个吉祥物特别青睐，想尽办法要去贴一下，最为明显的是，"姓马"的明星被疯抢，人均至少2个代言。最近火爆的商品也大多 跟"马"有关，传统类的"马年生肖产品"依旧能有"理财"的效果。 总之，现在沾"马"就要火。 1. "马"姓明星代言接到手软，"外国马"成互联网顶流 最近几个月，"姓马"的明星特别走俏，无论在娱乐圈人设如何、咖位高低，只要"姓马"就会人均两三个代言，而且代言自己找上门。 比如马伊琍。几个月前，网友发帖："马年伊利会请马伊琍吗？"，还给品牌写好了广告词"我是马伊琍，马年喝伊利"，结果帖子火了，讨论声量越来越 大。 伊利特别"听劝"，立马请了马伊琍代言。做的"寻找马伊琍"的广告，点击量特别高，评论区全是各种赞美的声音，很难想象这 ...

Investment Rating - The industry investment rating is "Buy" indicating an expected performance that will exceed the market by more than 10% over the next 12 months [27]. Core Insights - The report highlights that the Chinese liquor market, particularly in Chengdu, is showing signs of recovery as the Spring Festival approaches, with increased sales velocity for major brands like Guojiao and Wuliangye [6][8]. - The seasoning market is also experiencing improved sales, with brands like Qianhe and Haitian gaining market share, and promotional activities increasing in supermarkets [11][12]. - The report suggests a positive outlook for the liquor sector in 2026, with recommendations for key stocks including Luzhou Laojiao, Shanxi Fenjiu, and Kweichow Moutai among others [2][4]. Summary by Sections Chengdu Liquor Market Tracking - Sales velocity for Wuliangye and Guojiao has accelerated as the Spring Festival approaches, with Wuliangye's current batch price at 790 CNY per bottle and Guojiao at 850 CNY per bottle [7][9]. - Feedback from distributors indicates that inventory levels are healthy, with a focus on maintaining good stock levels to avoid excess [8][9]. Chengdu Seasoning Market Tracking - Soy sauce sales have improved year-on-year, with Qianhe and Haitian leading in market share, and promotional activities in supermarkets have increased significantly [11][12]. - The overall health of inventory levels in the seasoning market is noted, with major brands maintaining shorter inventory ages, indicating strong sales performance [11][15]. Investment Recommendations - For the liquor sector, the report recommends stocks such as Luzhou Laojiao, Shanxi Fenjiu, and Kweichow Moutai, anticipating a new growth cycle starting in 2026 [2][4]. - In the consumer goods sector, companies like Anjuke Foods and Yanjing Beer are highlighted as having potential for outperforming the market due to new products and channels [2][4].

食品饮料行业 超配（维持） 食品饮料行业双周报（2026/01/30-2026/02/12） 预制菜国标公开征求意见，关注春节需求表现 2026 年 02 月 13 日 投资要点： ◼ 风险提示：原材料价格波动、产品提价不及预期、渠道开展不及预期、 行业竞争加剧、食品安全风险、宏观经济波动风险等。 本报告的风险等级为中风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 行 业 周 报 分析师：黄冬祎 SAC 执业证书编号： S0340523020001 电话：0769-22119410 邮箱： huangdongyi@dgzq.com.cn ◼ 行情回顾：1月30日-2月12日，SW食品饮料行业指数整体下跌0.95%，板 块涨幅位居申万一级行业第二十四位，跑输同期沪深300指数约0.23个 百分点。细分板块中，多数细分板块跑输沪深300指数。其中，调味品板 块上涨0.64%，板块涨幅最大；其他酒类板块跌幅最大，为6.40%。 ◼ 行业周观点：预制菜国标公开征求意见，关注春节需求表现。白酒板块： 受房地产政策、飞天动销、市场风格切换等因 ...