新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在2月9日延续 上行态势。如果十大单品各取一瓶整体打包售卖，今日总售价为9221元，较昨日上涨29元，创下2025年 12月27日以来新高。头部酒品集体上行，中后部单品小幅回调，市场分化运行价格中枢走高。 今日十大单品价格六涨三跌一平，整体涨势依旧强劲。上涨方面，洋河梦之蓝M6+领涨市场，环比上涨 13元/瓶；古井贡古20紧随其后，上涨12元/瓶；国窖1573和精品茅台均上涨7元/瓶；飞天茅台上涨5元/ 瓶实现五连阳，价格创一个月新高，茅台系产品在春节前旺盛的市场需求支撑下持续强势；五粮液普五 八代上涨3元/瓶。下跌方面，青花郎回落10元/瓶；习酒君品下跌7元/瓶；水晶剑南春微跌1元/瓶；青花 汾20价格保持稳定，与昨日持平。 "酒价内参"的每日数据源自全国各大区均有合理分布的约200个采集点，包括但不限于酒企的指定经销 商、社会经销商、电商平台和零售网点等，原始取样数据为过去24个小时中各点位经手的真实成交终端 零售价格，力求为社会各界提供一份关于知名白酒市场价格的客观、真实、科学、全程可追溯的数据。 随着元旦官方i茅台平台开 ...

【点击进入酒价内参，查看真实酒价】 来源：酒业内参 新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在2月9日延续 上行态势。如果十大单品各取一瓶整体打包售卖，今日总售价为9221元，较昨日上涨29元，创下2025年 12月27日以来新高。头部酒品集体上行，中后部单品小幅回调，市场分化运行价格中枢走高。 今日十大单品价格六涨三跌一平，整体涨势依旧强劲。上涨方面，洋河梦之蓝M6+领涨市场，环比上涨 13元/瓶；古井贡古20紧随其后，上涨12元/瓶；国窖1573和精品茅台均上涨7元/瓶；飞天茅台上涨5元/ 瓶实现五连阳，价格创一个月新高，茅台系产品在春节前旺盛的市场需求支撑下持续强势；五粮液普五 八代上涨3元/瓶。下跌方面，青花郎回落10元/瓶；习酒君品下跌7元/瓶；水晶剑南春微跌1元/瓶；青花 汾20价格保持稳定，与昨日持平。 "酒价内参"的每日数据源自全国各大区均有合理分布的约200个采集点，包括但不限于酒企的指定经销 商、社会经销商、电商平台和零售网点等，原始取样数据为过去24个小时中各点位经手的真实成交终端 零售价格，力求为社会各界提供一份关于知名白酒市场价格的客观、真实 ...

"酒价内参"的每日数据源自全国各大区均有合理分布的约200个采集点，包括但不限于酒企的指定经销 商、社会经销商、电商平台和零售网点等，原始取样数据为过去24个小时中各点位经手的真实成交终端 零售价格，力求为社会各界提供一份关于知名白酒市场价格的客观、真实、科学、全程可追溯的数据。 随着元旦官方i茅台平台开始出售1499元/瓶的飞天茅台，以及1月9日开始出售2299元/瓶的精品茅台，这 一新产生的渠道对两款产品市场终端零售均价的磁吸式影响力已逐步显现。"酒价内参"每日发布的酒价 遵循对真实成交量加权的计算规则，我们已逐渐将可确量的价格引入飞天茅台和精品茅台终端零售价的 计算中。 新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在2月9日延续 上行态势。如果十大单品各取一瓶整体打包售卖，今日总售价为9221元，较昨日上涨29元，创下2025年 12月27日以来新高。头部酒品集体上行，中后部单品小幅回调，市场分化运行价格中枢走高。 今日十大单品价格六涨三跌一平，整体涨势依旧强劲。上涨方面，洋河梦之蓝M6+领涨市场，环比上涨 13元/瓶；古井贡古20紧随其后，上涨12元/瓶；国窖15 ...

新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在2月9日延续 上行态势。如果十大单品各取一瓶整体打包售卖，今日总售价为9221元，较昨日上涨29元，创下2025年 12月27日以来新高。头部酒品集体上行，中后部单品小幅回调，市场分化运行价格中枢走高。 今日十大单品价格六涨三跌一平，整体涨势依旧强劲。上涨方面，洋河梦之蓝M6+领涨市场，环比上涨 13元/瓶；古井贡古20紧随其后，上涨12元/瓶；国窖1573和精品茅台均上涨7元/瓶；飞天茅台上涨5元/ 瓶实现五连阳，价格创一个月新高，茅台系产品在春节前旺盛的市场需求支撑下持续强势；五粮液普五 八代上涨3元/瓶。下跌方面，青花郎回落10元/瓶；习酒君品下跌7元/瓶；水晶剑南春微跌1元/瓶；青花 汾20价格保持稳定，与昨日持平。 "酒价内参"的每日数据源自全国各大区均有合理分布的约200个采集点，包括但不限于酒企的指定经销 商、社会经销商、电商平台和零售网点等，原始取样数据为过去24个小时中各点位经手的真实成交终端 零售价格，力求为社会各界提供一份关于知名白酒市场价格的客观、真实、科学、全程可追溯的数据。 随着元旦官方i茅台平台开 ...

Core Viewpoint - The Chinese liquor market is experiencing a price increase for top products, with the average retail price of the top ten liquor items reaching a new high of 9,221 yuan on February 9, 2025, marking a 29 yuan increase from the previous day [1][6]. Price Trends - The price of the top ten liquor items shows a strong upward trend, with six items increasing in price, three decreasing, and one remaining stable [1][6]. - Leading the price increases, Yanghe Dream Blue M6+ rose by 13 yuan per bottle, followed by Gujing Tribute Wine 20 with a 12 yuan increase, and both Guojiao 1573 and Premium Moutai increasing by 7 yuan each [1][6]. - Moutai products, supported by strong market demand before the Spring Festival, have shown consistent strength, with Feitian Moutai increasing by 5 yuan and achieving a one-month high [1][6]. Market Dynamics - The market is showing signs of differentiation, with high-end products performing well while mid-range products are experiencing slight declines [1][6]. - A recent survey indicated that overall liquor sales in the country have decreased by 10%-20%, with significant regional variations; for instance, sales in Shandong and Anhui dropped by about 20% [2][7]. - Despite the overall decline, over 30% of distributors reported stable or even growing performance, highlighting a significant divergence within the industry [2][7]. Consumer Behavior - The demand for high-end liquor, particularly in the price range above 800 yuan, is driven by gifting and banquet needs, while the 100-200 yuan range is supported by business and daily consumption [2][7]. - The low-end segment, particularly bottles priced under 100 yuan, remains stable due to essential demand, whereas the mid-range segment (300-600 yuan) faces challenges from economic conditions and market competition, with sales declining over 20% [2][7]. Future Outlook - As the Spring Festival approaches, a final wave of concentrated purchasing is expected, with the market likely to continue exhibiting a two-tiered structure where high-end and mass-market products perform well, while mid-range products remain under pressure [2][7].

Core Viewpoint - The Chinese white liquor market is experiencing a price increase, with the average retail price of the top ten products reaching a new high of 9,221 yuan on February 9, 2025, marking a 29 yuan increase from the previous day [1][6]. Price Trends - The overall price trend for the top ten products shows six increases, three decreases, and one stable price, indicating a strong upward momentum in the market [1][6]. - The leading product, Yanghe Dream Blue M6+, saw a price increase of 13 yuan per bottle, while Gujing Gong 20 followed with a 12 yuan increase [1][6]. - Notable increases also include Guojiao 1573 and Premium Moutai, both rising by 7 yuan, and Feitian Moutai, which increased by 5 yuan, achieving a one-month high [1][6]. - Conversely, Qinghua Lang experienced a drop of 10 yuan, and Xijiu Junpin fell by 7 yuan, while the price of Crystal Jian Nan Chun slightly decreased by 1 yuan [1][6]. Market Dynamics - The data is sourced from approximately 200 collection points across various regions, ensuring a comprehensive and objective representation of the market [2][7]. - A recent survey indicated a 10%-20% decline in overall white liquor sales, with significant regional variations; for instance, Shandong and Anhui saw declines of about 20% [2][7]. - Despite the overall decline, over 30% of distributors reported stable or growing performance, highlighting a significant market segmentation [2][7]. - Premium products like Feitian Moutai are performing well, with some distributors reporting over a 40% increase in sales volume [2][7]. Price Segmentation - The market is characterized by a clear price segmentation, with high-end products (above 800 yuan) driven by demand for gifts and banquets, while the 100-200 yuan range is supported by business and daily consumption [2][7]. - Products priced below 100 yuan maintain stability due to basic demand, whereas the mid-range (300-600 yuan) is facing challenges with over 20% sales decline due to economic conditions and market competition [2][7]. - As the Spring Festival approaches, a final surge in purchasing is expected, with the market likely to continue exhibiting a two-tiered performance between high-end and mid-range products [2][7].

[Table_Title] 食品饮料行业 如何看白酒板块上涨持续性？ [Table_Summary] 核心观点： [Table_Grade] 行业评级 买入 前次评级 买入 报告日期 2026-02-08 [Table_PicQuote] 相对市场表现 [Table_Page] 投资策略周报|食品饮料 [分析师： Table_Author]符蓉 -10% -3% 4% 10% 17% 24% 02/25 04/25 07/25 09/25 11/25 02/26 食品饮料 沪深300 | SAC 执证号：S0260523120002 | | | | --- | --- | --- | | SFC CE No. BWC944 | 021-38003552 | | | furong@gf.com.cn | 分析师： | 周源 | | SAC 执证号：S0260525040003 | fzzhouyuan@gf.com.cn | | | 请注意，周源并非香港证券及期货事务监察委员会的注册 | 持牌人，不可在香港从事受监管活动。 | | [相关研究： Table_DocReport] | 食品饮料行业:金星啤酒"中式 ...

Group 1 - The match featured Shanxi Fenjiu and Beijing Beikong competing for the last semifinal spot in the second China Life CBA Club Cup [1] - Shanxi Fenjiu initially trailed but managed to equalize in the third quarter and ultimately won the game 99 to 86, securing their place in the semifinals [1][12] - Key performances included Shanxi Fenjiu's new player Guy scoring 26 points and providing 4 assists, while domestic player Jia Mingru contributed 20 points [13] Group 2 - The game saw a strong start from Shanxi Fenjiu, leading 11 to 2, but Beijing Beikong quickly responded to tie the game at 17 [5] - In the second quarter, Beijing Beikong's Luo Hancheng scored 5 consecutive points, extending their lead to double digits [5] - The third quarter was marked by a significant drop in Beijing Beikong's shooting percentage, allowing Shanxi Fenjiu to close the gap and eventually take the lead [6][12]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The food and beverage sector is experiencing a strong upward trend, driven by multiple factors including policy support, trading dynamics, fundamental improvements, and external catalysts, indicating clear investment value [3][9] - The food and beverage index increased by 4.3% from February 2 to February 6, outperforming the CSI 300 by approximately 5.6 percentage points, with sub-sectors like liquor, soft drinks, and beer leading the performance [9][11] - The liquor industry is entering a new development cycle, with Guizhou Moutai's market-oriented reforms marking a significant phase, and the pricing system gradually returning to a supply-demand driven model [10] Summary by Sections Market Performance - The food and beverage index rose by 4.3%, ranking first among 28 sectors, with liquor (+5.3%), soft drinks (+4.7%), and beer (+4.5%) showing relative strength [11][12] - Individual stocks such as Huangtai Liquor, Hai Xin Food, and Ri Chen Co. saw significant gains, while *ST Yedao, *ST Chuntian, and Li Ziyuan experienced declines [11][14] Upstream Data - Some upstream raw material prices are declining, with the price of whole milk powder at $3,614 per ton, down 13.3% year-on-year, and fresh milk prices at 3.04 yuan per kilogram, down 2.9% year-on-year [15][31] - The price of pork is down 20.1% year-on-year, with live pig prices at 12.2 yuan per kilogram, reflecting a broader trend of price adjustments in the sector [21][24] Liquor Industry News - Some distributors of Moutai have sold out their first batch of flying Moutai quotas for March, indicating strong demand during the Spring Festival [36] - The Qingdao Beer production base has commenced operations, aiming to produce high-end products and achieve an annual output value of approximately 1 billion yuan [36] Investment Recommendations - Focus on leading liquor stocks such as Guizhou Moutai, Wuliangye, Luzhou Laojiao, and Shanxi Fenjiu, as well as elastic stocks like Shede Liquor and benefiting stocks like Jiu Gui Liquor [10] - In the consumer goods sector, three main lines are suggested: the snack sector, dairy products, and the restaurant supply chain, with specific companies highlighted for potential growth [10][43]

Group 1 - The second China Life CBA Club Cup finals stage has commenced in Hohhot, Inner Mongolia, featuring 8 strong CBA teams competing for the championship [2] - The tournament follows a single-elimination format and will run from February 6 to February 12, with the final match scheduled for February 12 at 19:30 [12] - The participating teams include Zhejiang Chouzhou, Shandong High-Speed, Shanghai Jiushi, Guangdong Dongyangguang, Zhejiang Fangxingdu, Changbai Mountain Enduri, Shanxi Fenjiu, and Beijing Holdings [12] Group 2 - In the quarterfinals, Shanghai Jiushi defeated Guangdong Dongyangguang with a score of 113 to 104, while Shandong High-Speed narrowly won against Zhejiang Chouzhou with a score of 89 to 88, both advancing to the semifinals [6]