进一步统计，近3个月内该股累计发生8笔大宗交易，合计成交金额为1967.72万元。 （文章来源：证券时报网） 证券时报·数据宝统计显示，今世缘今日收盘价为39.71元，上涨1.56%，日换手率为0.91%，成交额为 4.45亿元，全天主力资金净流入1323.14万元，近5日该股累计下跌0.97%，近5日资金合计净流出2988.47 万元。 9月29日今世缘大宗交易一览 今世缘9月29日大宗交易平台出现一笔成交，成交量6.00万股，成交金额211.14万元，大宗交易成交价为 35.19元，相对今日收盘价折价11.38%。该笔交易的买方营业部为华泰证券股份有限公司淮安涟水红日 大道证券营业部，卖方营业部为华泰证券股份有限公司淮安涟水红日大道证券营业部。 | 成交量 | 成交金 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | 额（万 | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | 元） | （元） | | | | | 6.00 | 211.14 | 35.19 | -11.38 | 华泰证券股份有限公司淮 ...

| 173, 97 19 1 A Ha 10 | | --- | | 双乐空运11选 | | 交易日期 | | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | | 025-09-29 | 今世缘 | 603369 | 35.19 211.14 | 泰新零售发电智 | 麵髮髮髮 | ya | 9月29日，今世缘大宗交易成交6万股，成交额211.14万元，占当日总成交额的0.47%，成交价35.19元， 较市场收盘价39.71元折价11.38%。 ...

Investment Rating - The report maintains a "Recommended" investment rating for the food and beverage industry [8][56]. Core Viewpoints - The white liquor sector is expected to face pressure during the upcoming National Day and Mid-Autumn Festival due to cautious inventory stocking and a significant impact on group purchasing channels. However, traditional channels like instant retail and live streaming are experiencing rapid growth, indicating a recovery in consumer demand [6][54]. - The report highlights opportunities in high-growth segments such as prepared dishes and snacks, driven by policy support and market expansion. The introduction of national standards for prepared dishes is expected to benefit leading companies in the sector [7][55]. - The beverage sector is approaching peak season, with a focus on new consumer opportunities and retail channel transformations. Companies like "Naixue's Tea" and "Chabaidao" are highlighted for their growth potential [8][56]. Summary by Sections 1. Weekly News Summary - Industry news includes the selection of five liquor companies for the Zhejiang Province Industrial Heritage list and a 1.7% growth in Guizhou's liquor and tea manufacturing from January to August [6][20]. - Company news features Guizhou Moutai's investment in a biotechnology company and the launch of "Longma Liquor" by Langjiu [6][21]. 2. Key Company Feedback - The report provides insights into the performance of key companies in the food and beverage sector, with a focus on stock price movements and market trends [32][34]. - The white liquor industry saw a cumulative production of 4.145 million tons in 2024, a decrease of 7.72%, while revenue reached 796.4 billion yuan, an increase of 5.3% [36][38]. 3. Industry Ratings and Investment Strategies - The report suggests focusing on leading companies in the white liquor sector such as Guizhou Moutai, Wuliangye, and Luzhou Laojiao, as well as flexible stocks like JiuGui Jiu and SheDe JiuYe [6][54]. - In the snack sector, companies like Wancheng Group and Anjiu Food are recommended due to their market positioning and growth potential [7][55]. 4. Key Company and Earnings Forecast - The report lists several companies with their respective stock prices, earnings per share (EPS), price-to-earnings (PE) ratios, and investment ratings, all indicating a "Buy" recommendation [10][25]. - Notable companies include Guizhou Moutai with a stock price of 1435.00 yuan and an EPS of 68.64 for 2024, and Wuliangye with a stock price of 120.17 yuan and an EPS of 8.21 for 2024 [10][25].

我国零售行业经历了传统零售、电商、新零售的发展过程，即时零售极大缩短履约时间、丰富消费者选 择。近年来我国即时零售规模迅速扩大，2025年外卖大战边际催化，行业有望在未来几年维持双位数增 长。具体到酒水领域，酒类即时零售最早发源于1919、酒小二等垂类平台，2015年前后加速，形成垂 类、平台型、仓店一体型、前置仓型4类渠道模式；与此同时酒企加大布局与合作，酒类即时零售渗透 率显著提升。 酒类即时零售的兴起主要有三方面原因 智通财经APP获悉，国泰海通发布研报称，近年来我国即时零售规模迅速扩大，2025年外卖大战边际催 化，行业有望在未来几年维持双位数增长。回顾历史，白酒周期更替通常伴随渠道变革，当前行业深度 调整，较弱的价格和动销、较高的库存冲击线下传统渠道利润和现金流，而线上渠道仍较为景气，拥抱 即时零售不失为一种应变方式。据美团闪购测算2027年我国酒类即时零售市场规模有望达1000亿元、复 合增速有望接近中双位数，白酒、啤酒等核心品类有望受益。 国泰海通主要观点如下： 即时零售：大盘景气，酒类积极参与 一是消费习惯改变，消费者愈发追求便捷，且临时需求激发后希望快速得到满足。二是契合性价比需 求，压缩流 ...

（原标题：今世缘发生大宗交易 成交折价率10.45%） 两融数据显示，该股最新融资余额为3.73亿元，近5日增加234.82万元，增幅为0.63%。 据天眼查APP显示，江苏今世缘酒业股份有限公司成立于1997年12月23日。注册资本124680.0037万人 民币。（数据宝） 9月24日今世缘大宗交易一览 | 成交 | 成交 | 成交价 | 相对当 日 | | | | --- | --- | --- | --- | --- | --- | | 量 | 金额 | 格 | 收盘折 | 买方营业部 | 卖方营业部 | | （万 | （万 | （元） | 溢价 | | | | 股） | 元） | | | | | | | | | （%） | | | | 6.00 | 213.84 | 35.64 | -10.45 | 华泰证券股份有限公司淮安涟水红 | 华泰证券股份有限公司淮安涟水红 | | | | | | 日大道证券营业部 | 日大道证券营业部 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 今世缘9月24日大宗交易平台出现一笔成交，成交量6.00万股，成交金额213.84万元，大宗交易成交价为 ...

Market Overview - The liquor sector experienced a decline of 0.72% on September 24, with Luzhou Laojiao leading the drop [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Individual Stock Performance - Luzhou Laojiao (code: 000568) closed at 131.91, down 0.53%, with a trading volume of 62,600 and a transaction value of 826 million [2] - Kweichow Moutai (code: 600519) closed at 1442.00, down 0.37%, with a trading volume of 30,700 and a transaction value of 4.443 billion [2] - Yanghe Brewery (code: 002304) closed at 69.11, down 0.30%, with a trading volume of 31,300 and a transaction value of 217 million [2] - Wuliangye (code: 000858) closed at 122.37, up 0.15%, with a trading volume of 130,600 and a transaction value of 1.598 billion [2] Capital Flow Analysis - The liquor sector saw a net outflow of 394 million from institutional investors, while retail investors contributed a net inflow of 93.998 million [2] - The table of capital flow indicates varying levels of net inflow and outflow among individual stocks, with some stocks like Jinhuijiu (code: 600809) showing a net inflow of 369.30 million from retail investors [3]

Group 1 - The core viewpoint of the article is that Meituan Flash Purchase has launched the first full-chain authenticity assurance system in the instant retail industry for liquor, focusing on genuine product guarantees and enhancing consumer trust in purchasing liquor [1] - Meituan Flash Purchase collaborates with over ten leading liquor brands, including Moutai, Fenjiu, Yanghe, and others, to promote intellectual property protection in the liquor industry and create a reliable shopping experience for consumers [1] - The initiative includes multiple service measures in pre-sale, post-sale, and delivery stages to ensure a healthy and trustworthy liquor ecosystem [1] Group 2 - Recently, Meituan Flash Purchase has begun piloting a "liquor authentication" service in select cities, partnering with authoritative testing organizations to provide visual authentication services for premium liquors [1] - The platform plans to connect with the official authentication resource database of liquor brands, establishing an online process for offline genuine product verification [1] - Consumers can utilize a 72-hour authentication service after receiving their products, with brands providing testing results that seamlessly integrate with the platform's compensation system to alleviate concerns about product authenticity [1]

Investment Rating - The report maintains a "Recommended" rating for the food and beverage industry [1] Core Insights - The report highlights that the sales of liquor are expected to face pressure during the upcoming Mid-Autumn Festival and National Day, but there are opportunities for bottom recovery in the sector [5] - The overall performance of the food and beverage sector has lagged behind the Shanghai Composite Index, with a decline of 1.48% over the past two weeks [14] - The report emphasizes the importance of monitoring the recovery of the liquor market and suggests that the worst phase for the industry has passed [5] Summary by Sections Recent Trends - In August, the retail sales of tobacco and liquor fell by 2.3% year-on-year, while restaurant income increased by 2.1%, indicating a gradual recovery in dining consumption [5] - The price of Feitian liquor has shown weakness, with a decline in wholesale prices [5] Market Performance - The food and beverage sector's performance over the last month was 1.3%, 4.6% over three months, and 20.8% over the past year, compared to the Shanghai Composite Index's performance of 6.6%, 17.1%, and 40.9% respectively [3] Key Recommendations - The report recommends several liquor companies for investment, including Luzhou Laojiao, Shanxi Fenjiu, and Kweichow Moutai, among others [5][25] - For consumer goods, it suggests focusing on companies like Bai Run Co., Wei Long, and Salted Fish [8][25] Valuation Insights - As of September 19, 2025, the dynamic price-to-earnings (PE) ratio for the food and beverage sector is 21.1x, indicating a relatively low valuation compared to other sectors [22] - The report notes that the liquor sub-sector has the highest valuation at 50.42x [22] Focused Companies and Earnings Forecast - The report provides a detailed earnings forecast for key companies, including Kweichow Moutai with an expected EPS of 74.19 yuan for 2025 and a PE ratio of 19.79 [28]

Core Insights - The report highlights the target price increases for several listed companies from September 15 to September 21, with notable gains for Guizhou Moutai, Hanwang Technology, and Chunli Medical, showing target price increases of 77.12%, 72.37%, and 64.90% respectively [1][2]. Target Price Increases - Guizhou Moutai (600519) received a target price of 2600.00 with a target increase of 77.12% [2] - Hanwang Technology (002362) has a target price of 42.23 with a target increase of 72.37% [2] - Chunli Medical (688236) has a target price of 37.73 with a target increase of 64.90% [2] - Other companies with significant target price increases include Ruipu Biological (300119) at 64.74% and Xindian Software (688232) at 62.82% [2][3]. Broker Recommendations - A total of 510 listed companies received broker recommendations during the same period, with Huqin Technology (603296) and Hengxuan Technology (688608) each receiving 4 recommendations [3][4]. - Chujiang New Material (002171) received 3 recommendations, indicating strong interest in these companies [4]. Rating Adjustments - 15 companies had their ratings increased, including Bertley (603596) upgraded from "Hold" to "Buy" by Caitong Securities [5]. - Other notable upgrades include Placo New Materials (300811) and Dinglong Co., Ltd. (300054), both upgraded to "Buy" [5][6]. Rating Downgrades - 15 companies also experienced rating downgrades, with Jianshi Yuan (603369) downgraded from "Buy" to "Hold" by Zhongtai Securities [6]. - Nova Star Cloud (301589) saw its rating lowered from "Strong Buy" to "Recommended" [6]. First Coverage - During the same period, 92 instances of first coverage were reported, with companies like Rhein Biotech (002166) receiving a "Buy" rating from CITIC Securities [7]. - Other companies receiving initial coverage include Xiamen Port (000905) and China Communications Construction (601800), both rated positively [7].

Group 1 - The food and beverage sector is experiencing a pullback, with the Food ETF (515710) showing a significant decline of 1.43% at the close, and individual stocks like Dongpeng Beverage and Shede Liquor dropping over 3% [1][3] - Despite the recent downturn, the Food ETF has seen net inflows of 69.18 million yuan over the last five trading days, indicating continued investor interest [3][4] - The white liquor sector is under demand pressure, but there are signs of improvement in sales performance as the Mid-Autumn Festival and National Day approach, suggesting a potential recovery in the market [3][5] Group 2 - The current valuation of the food and beverage sector is at a low point, with the food index's price-to-earnings ratio at 20.74, which is in the 7.06% percentile of the last decade, indicating a good time for long-term investment [4][5] - The government’s advocacy for reducing competition is expected to stabilize prices and support high-quality development, which may lead to a recovery in the liquor sector [5][6] - The white liquor sector is entering a peak season, with signs of improved sales and inventory reduction, suggesting that the bottoming out of the sector may present investment opportunities [6][7]