2026.01. 29 微信编辑 | 夏木 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com 作者 | 第一财 经 栾立 "i茅台"连续29日出现秒空现象，记者了解到，由于"i茅台"的购买价格与市场价格存在一定的套利空 间，黄牛们使出了自动抢购、提前入场等脚本和软件这类"科技与狠活"来抢茅台。今日"i茅台"发布公 告回应称，2026年1月1日至今，已成功拦截各类异常行为4.26亿次。 此前记者在部分二手平台上，各种代抢茅台服务的报价从20元到50元/单不等。有黄牛宣称"包中"， 并晒出大量代抢成功的订单。据黄牛透露，较高的命中率背后有"科技与狠活"：一方面依靠人工凭经 验操作，另一方面也借助辅助软件和脚本。在黄牛晒出的视频中，多部手机摆在一起，通过执行脚本 自动刷新购买页面、抢购商品。此外，也有黄牛兜售提前入场插件等"辅助抢茅台工具"。 对此，茅台称已经注意到有商家通过网络平台公开售卖所谓i茅台APP"抢购外挂"等软件，有网友晒 ...

29日，白酒等消费股迎来大反弹。截至收盘，贵州茅台大涨8.6%，成交额超260亿元。金种子酒、皇台酒业、迎驾贡酒、金徽酒等近20股涨停。白酒板块 全天成交金额超600亿元。 消费股全面反弹 29日，以茅台为代表的消费股全面反弹。截至收盘，白酒基金LOF（161725）涨停，成交额超2.9亿元。 | | | 日酒基金LOF | | | | 17 Q | | --- | --- | --- | --- | --- | --- | --- | | | | 0.746 10.03% | | | | | | 股吧 | 资讯 | 公告 | 资金 | 持仓 | | 资料 | | = 持仓占比明细数据 | | | | | | | | 持仓占比(2025-12-31) | | | | | 申赎清单(?) | | | 名称 | | 持仓占比↓ | | 最新 | | 涨幅 | | 贵州茅台 600519 | | 15.38% | | 1437.72 | | 8.61% | | 山西汾酒 | | 15.11% | | 177.42 | | 10.00% | | 600809 | | | | | | | | 五 粮 液 | | 14. ...

Group 1 - The core viewpoint of the articles highlights a significant rebound in the liquor sector, particularly in the baijiu market, with Kweichow Moutai experiencing an 8.6% increase and a trading volume exceeding 26 billion yuan [1][2] - The overall trading volume for the baijiu sector reached over 60 billion yuan, indicating strong investor interest and market activity [1] - The baijiu fund LOF (161725) also hit the daily limit, with a trading volume surpassing 290 million yuan, reflecting positive sentiment towards consumer stocks [2] Group 2 - Recent price increases for Feitian Moutai have been notable, with the price of the original box (53 degrees/500ml) rising by 55 yuan and the price of loose bottles increasing by 20 yuan compared to the previous week [4] - According to a report from China Merchants Securities, the sales and pricing of Moutai have exceeded market expectations, with a projected release of over 1,000 tons in January [4] - The internal demand market is showing signs of recovery, with various consumer sectors, including food and beverage, durable goods, and retail, experiencing notable gains [5] Group 3 - Analysts suggest that further policy support is needed to solidify the recovery of internal demand, with potential measures including increased infrastructure investment and consumer-focused policies [5] - The chief economist at Yuekai Securities emphasized the importance of enhancing domestic consumption to reduce reliance on external demand and improve economic resilience [5]

来源｜上海证券报 据 上证报， 今日，有市场传言称"贵州茅台证实参与SpaceX上市A轮融资"。记者对此进行了求证，贵 州茅台方面回应记者称，此为"不实信息"。 盘面上，贵州茅台1月29日收盘报1437.72元/股，涨8.61%，总市值突破1.8万亿元。 编辑｜钉钉 ...

Core Viewpoint - The article highlights the recent surge in precious metal prices and the emergence of new concepts in commercial aerospace, space photovoltaics, and AI applications, particularly in the media sector, which has attracted significant investment [2][9]. Group 1: Market Trends - In January 2026, the media ETF (512980) received approximately 8.566 billion yuan in net inflows, bringing its total size to over 11 billion yuan, making it the first media-themed index fund to reach this milestone [2][16]. - The cultural media sector experienced a resurgence, with multiple stocks hitting the daily limit up, driven by the popularity of AI applications like ClawdBot and updates to domestic large models [5][9]. - The price of Feitian Moutai has been rising, attributed to pre-holiday stocking by retailers and Moutai's volume control strategy, despite no significant increase in market demand [9]. Group 2: AI Applications and Developments - The AI application sector is witnessing rapid growth, with the launch of various new models, including ClawdBot and MiniMax 2.1, which have sparked investor interest [12][19]. - OpenAI plans to introduce advertising in ChatGPT, with a pricing model significantly higher than that of Meta platforms, indicating a potential for revenue growth in AI applications [13][14]. - The competition for AI traffic entry points is intensifying among major internet companies, with significant investments aimed at expanding user engagement and application scenarios [20][22]. Group 3: Investment Opportunities - The article suggests that the media sector is poised for growth due to the integration of AI technologies, with new investment opportunities emerging in advertising, short videos, music, and gaming [28][30]. - The media ETF (512980) tracks the CSI Media Index, which includes stocks like Focus Media and BlueFocus, with a significant weight in GEO concept stocks [29]. - The rapid increase in the number of animated short dramas (漫剧) and their market performance indicates a strong growth potential in the media sector, driven by AI capabilities [24][25].

Core Viewpoint - The recent recovery in Moutai's pricing has led to a surge in the white liquor sector, with notable discussions from investor Duan Yongping on various investment topics, including Moutai, storage, gold, and cash reserves [1] Group 1: Moutai Insights - Moutai is recognized as a top-tier domestic liquor brand, with expectations for it to gain global recognition, comparable to renowned wines like Lafite and Kangdi [7] - Duan Yongping asserts that Moutai has already reached a global market due to its customer base expanding internationally [8] - The demand for Moutai is reportedly increasing, especially with the upcoming festive season, indicating a robust market for the product [14] Group 2: Investment Philosophy - Duan Yongping emphasizes that investing in sectors during their peak or "windfall" periods should be approached with caution, advocating for a long-term investment mindset rather than speculative decisions [2] - He highlights the importance of understanding the business behind investments, suggesting that if investors do not comprehend a company, they may struggle during market downturns [10] - The concept of "full warehouse" investment is discussed, where cash should be actively invested rather than held, as cash loses value against inflation [3][4] Group 3: Storage and Gold - The rising prices of DRAM and NAND are expected to negatively impact the cost of Android devices, particularly non-flagship models [2] - Duan Yongping expresses skepticism about gold as a long-term investment, noting that it primarily serves as a store of value and may not keep pace with inflation over time [7] - He suggests that while gold can have a protective role during hyperinflation, it is not a viable investment for those focused on cash flow [6][7]

业内人士认为，贵州茅台等暴涨，接下来预计蓝筹股将会再次发力，因为稳定的业绩、较高的分红比 例，预计春节前其他高股息的"老登"股们将会出现轮动行情，包括银行、电力、医药等板块，投资者都 可以重点关注，抓紧春节前投资机会。 奶酪基金投资经理潘俊向第一财经分析， 1月29日白酒板块大幅上涨，催化来自地产预期改善与资金面 回暖，指数ETF成交量回落导致权重抛压缓解，同时批发价格延续回升、线下动销同比正增、回款发货 稳步推进，形成"以价换量"的积极信号，白酒行情持续性需跟踪春节前后价格能否继续回升。 潘俊认为， 在当前低利率及宏观不确定性环境下，高股息策略已从单纯的"防御"属性进化为"攻守兼 备"的底仓配置。在全球降息周期开启的背景下，高股息资产对全球配置型资金具有极强吸引力，资金 买入不仅是看中股息，更是交易中国资产的估值修复。 慧研智投投资顾问李谦对第一财经说，1月29日之前，本轮结构性市场行情呈现明显分化特征。以黄金 为代表的资源类板块及芯片、半导体等科技主线持续获得市场资金青睐，涨幅显著；而高股息板块中的 白酒、银行、电力、医药等领域则表现相对低迷，股价持续走低并创阶段性新低。临近春节，市场资金 开始出现向高股 ...

【#茅台辟谣出资参与SpaceX上市融资#】今日，有市场传言称"贵州茅台证实参与SpaceX上市A轮融 资"。上证报记者对此进行了求证，贵州茅台方面回应记者称，此为"不实信息"。 6.736 14:56 1437.68个 39 14:56 1437.60J 48 14:56 1437.80↑ 49 -2.744 15:00 15:00 1437.72↓ 2103 9:30 贵州茅台1月29日收盘报1437.72元/股，涨8.61%，总市值突破1.8万亿元。（上海证券报） ...

Core Viewpoint - The recent surge in Chinese liquor stocks, particularly after a period of poor performance, is attributed to a combination of market sentiment changes and capital seeking safer investments [3][5]. Group 1: Market Performance - On January 29, 2026, 17 liquor stocks, including Kweichow Moutai, experienced a collective surge, with Kweichow Moutai rising by 8.61% [3]. - The afternoon trading session saw a significant shift, with liquor stocks rapidly hitting their daily price limits [3]. - Alongside liquor stocks, yellow wine and beer stocks also saw notable increases, indicating a broader positive trend in the alcoholic beverage sector [3]. Group 2: Recent Trends and Challenges - Since the third quarter of 2025, liquor stocks have faced challenges, with many companies reporting significant declines in earnings growth [4]. - Several liquor companies have issued profit warnings, indicating a substantial impact on their annual performance [4]. - For instance, Jinzhongzi Liquor is expected to report a net loss of between 150 million to 190 million yuan for 2025, yet it also saw a price surge on the same day [5]. Group 3: Market Dynamics - The collective rise in liquor stocks is seen as less related to individual company fundamentals and more influenced by broader market dynamics, including a strong performance in defensive sectors like liquor, resources, and banking [5]. - The current bullish sentiment in the stock market, coupled with the upcoming Spring Festival, is expected to boost liquor consumption, contributing to a more optimistic investor outlook [5]. - Additionally, there is a noted correlation between liquor stocks and the real estate sector, which also experienced a collective rise due to recent news [5].

来源｜上海证券报 据 上证报， 今日，有市场传言称"贵州茅台证实参与SpaceX上市A轮融资"。记者对此进行了求证，贵州茅台方面回应记者称，此为"不实信息"。 盘面上，贵州茅台1月29日收盘报1437.72元/股，涨8.61%，总市值突破1.8万亿元。 编辑 ｜ 钉钉 ...