Core Insights - The Chinese liquor market has seen a rebound in retail prices for the top ten products as of January 9, following a period of decline, with an overall increase of 16 yuan in total price for a packaged set of these products, now totaling 8998 yuan [1][6][7] Price Trends - The market is experiencing a general upward trend, with notable price increases for several products: - Wuliangye Pu Wubai Dai increased by 8 yuan per bottle - Guojiao 1573 rose by 7 yuan per bottle - Gu Qing Gong Gu 20 and Xijiu Junpin both increased by 6 yuan per bottle - Qinghua Fen 20 saw a rise of 3 yuan per bottle - Yanghe Dream Blue M6+ increased by 1 yuan per bottle, marking five consecutive days of price increases - Meanwhile, prices for Feitian Moutai and Premium Moutai decreased by 7 yuan and 6 yuan per bottle respectively [1][7][10] Data Collection Methodology - The "Liquor Price Reference" collects data from approximately 200 sampling points across various regions, including designated distributors, social distributors, e-commerce platforms, and retail outlets, aiming to provide an objective and traceable representation of the market prices for well-known liquors [2][8] Market Influences - The launch of new sales channels for Feitian Moutai at 1499 yuan per bottle and Premium Moutai at 2299 yuan per bottle on the iMoutai platform is expected to have a significant impact on the market prices for these products [2][8] Product Launches - iMoutai announced adjustments to the release schedule for Premium Moutai and other products, with specific purchase limits set for consumers starting January 9, 2023, and additional products being introduced on January 10, 2023 [3][8]

Core Insights - The Chinese liquor market has seen a rebound in retail prices for the top ten products as of January 9, following a period of decline, with an overall increase of 16 yuan, bringing the total price for a package of these products to 8998 yuan [1][6]. Price Trends - The market is experiencing a general upward trend, with notable price increases for several products: - Wuliangye Pu Wubai Dai increased by 8 yuan per bottle - Guojiao 1573 rose by 7 yuan per bottle - Gu Qing Gong Gu 20 and Xijiu Junpin both increased by 6 yuan per bottle - Qinghua Fen 20 saw a rise of 3 yuan per bottle - Yanghe Dream Blue M6+ increased by 1 yuan per bottle, marking five consecutive days of price increases - Meanwhile, prices for Feitian Moutai and Premium Moutai decreased by 7 yuan and 6 yuan per bottle, respectively [1][7][10]. Data Collection Methodology - The "Liquor Price Reference" collects data from approximately 200 sampling points across various regions, including designated distributors, social distributors, e-commerce platforms, and retail outlets, aiming to provide objective and traceable pricing data for well-known liquor products [2][8]. Market Impact of New Sales Channels - The launch of new sales channels for Feitian Moutai at 1499 yuan per bottle and Premium Moutai at 2299 yuan per bottle is expected to influence the market prices significantly, with the potential for a magnetic effect on retail prices [2][8]. Product Launches and Adjustments - iMoutai announced adjustments to the release schedule for Premium Moutai and other products, with specific purchase limits and scheduled release dates throughout the year, including key periods such as the Spring Festival and Mid-Autumn Festival [3][8].

Core Viewpoint - The Chinese liquor market has experienced a rebound in retail prices for the top ten products after a period of decline, indicating a stabilization in market sentiment and pricing recovery [1]. Price Trends - The overall retail price for a bundled package of the top ten liquor products is 8998 yuan, reflecting an increase of 16 yuan from the previous day [1]. - Most products have shown signs of stabilization after reaching temporary low points, with a general upward trend in prices observed [1]. Notable Price Increases - Wuliangye Pu Wubai (五粮液普五八代) saw the most significant price increase, rising by 8 yuan per bottle [1][3]. - Guojiao 1573 (国窖1573) increased by 7 yuan per bottle [1][3]. - Both Guqingong 20 (古井贡古20) and Xijiu Junpin (习酒君品) rose by 6 yuan per bottle [1][4]. - Qinghua Fen 20 (青花汾20) increased by 3 yuan per bottle, while Yanghe Dream Blue M6+ (洋河梦之蓝M6+) saw a slight increase of 1 yuan per bottle, marking five consecutive days of price increases [1][4]. Price Decreases - Feitian Moutai (飞天茅台) experienced a decrease of 7 yuan per bottle [1][3]. - Premium Moutai (精品茅台) dropped by 670 yuan per bottle, indicating a significant decline [3]. - Qinghua Lang (青花郎) fell by 2 yuan per bottle [1][4]. Market Sentiment - The overall market is showing a rebound with most brands experiencing price recovery and moderate volume increases, suggesting a calming of market sentiment compared to previous days [1].

Group 1 - The core viewpoint of the article highlights that Luzhou Laojiao (000568) is focusing on expanding its liquor business in South Korea, which is one of the largest liquor consumption markets overseas [1] - The company is actively progressing its market layout in South Korea, indicating a strategic approach to enhance its presence in this important market [1]

Core Viewpoint - Luzhou Laojiao is focusing on product innovation and creating new consumption scenarios to cater to the emotional and self-indulgent consumption needs of the younger demographic [1] Group 1: Product Innovation - The company is enhancing its 38° low-alcohol product line by optimizing the brewing process to improve the smoothness and drinkability, aligning with the younger generation's preference for low-alcohol and slightly intoxicating experiences [1] - Luzhou Laojiao is also developing innovative alcoholic products such as craft beer and Chinese fruit wines, as well as derivative products like bio-fermented facial masks and perfumes, to meet the consumption demands of young consumers [1] Group 2: New Consumption Scenarios - The company is promoting new drinking methods such as iced drinks and cocktails, aiming to create new consumption scenarios [1] - Luzhou Laojiao is exploring the establishment of consumption stores to showcase its products in conjunction with dining experiences, integrating its offerings into the daily routines and social activities of young people and women [1]

Core Insights - The core viewpoint of the news is that the Chinese liquor market, particularly the top ten liquor products, has experienced a significant decline in retail prices, indicating a downward pressure on the market and a lack of confidence among consumers [1][6]. Price Trends - The average retail price of the top ten liquor products has decreased, with a total price of 8982 yuan for a bundled sale, down 58 yuan from the previous day, marking a new low since November 18 of the previous year [1][6]. - Seven out of the ten products have seen price declines, with notable drops including Wuliangye (down 15 yuan/bottle) and Qinghua Lang (down 15 yuan/bottle) [7][1]. - Other products such as Guojiao 1573 and premium Moutai also experienced price reductions of 14 yuan and 7 yuan per bottle, respectively [7][1]. Market Sentiment - The overall market is characterized by a broad decline, reflecting insufficient confidence among consumers, as indicated by the simultaneous price drops of leading brands and core products [7][1]. Data Collection Methodology - The data for the liquor price reference is sourced from approximately 200 collection points across various regions, including designated distributors, social distributors, mainstream e-commerce platforms, and retail outlets, aiming to provide objective and traceable market price data [2][7]. ESG Rankings - Five liquor companies were included in the "2025 China ESG Top 100" list published by Sina Finance, with rankings as follows: Kweichow Moutai (27th), Wuliangye (53rd), Gujing Gongjiu (74th), Shanxi Fenjiu (89th), and Shede Jiuye (97th) [2][7]. - The rankings are based on a comprehensive evaluation of ESG performance among over 5,000 A-share listed companies and Hong Kong-listed mainland enterprises, utilizing 18 industry-specific ESG evaluation models [2][7].

Core Insights - The Chinese liquor market is experiencing a significant decline in retail prices for the top ten products, with an overall drop in market confidence [1] - The total retail price for a bundled sale of the top ten products is 8,982 yuan, marking a decrease of 58 yuan from the previous day, the lowest since November 18 of the previous year [1] Price Movements - Seven out of the ten major liquor products saw price declines, with notable drops including: - Wuliangye (普五八代) down 15 yuan per bottle - Qinghua Lang (青花郎) down 15 yuan per bottle - Guojiao 1573 (国窖1573) down 14 yuan per bottle - Premium Moutai (精品茅台) down 7 yuan per bottle - Feitian Moutai (飞天茅台) down 3 yuan per bottle - Ancient Liquor (古井贡古20) down 3 yuan per bottle - Crystal Jiananshun (水晶剑南春) down 2 yuan per bottle [1][3][4] - The only product to see a price increase was Qinghua Fen (青花汾20), which rose by 1 yuan per bottle [1] Market Sentiment - The overall market is characterized by a downward trend, reflecting a lack of confidence among consumers and investors [1] - The price adjustments across leading brands indicate a broader issue within the industry, as multiple core products are experiencing simultaneous price declines [1]

Core Viewpoint - The Shenzhen State-owned Enterprise ESG Index (970055) closed at 1436.92 points, down 0.32%, with a trading volume of 43.67 billion yuan and a turnover rate of 1.69% [1] Group 1: Index Performance - On the day, 19 constituent stocks rose, with Zhongtung High-tech leading with a 7.67% increase, while 29 stocks fell, with Yun Aluminum leading the decline at 3.21% [1] - The index's constituent stocks experienced a net outflow of 222 million yuan from institutional investors and a net outflow of 127 million yuan from retail investors, while retail investors saw a net inflow of 348 million yuan [1] Group 2: Top Constituents - The top ten constituents of the Shenzhen State-owned Enterprise ESG Index are as follows: - Hikvision (sz002415) with a weight of 9.57%, latest price at 30.07, and a decrease of 1.05% [1] - Wuliangye (sz000858) with a weight of 9.23%, latest price at 107.52, and a decrease of 0.60% [1] - Xugong Machinery (sz000425) with a weight of 8.83%, latest price at 11.73, and a decrease of 0.26% [1] - Weichai Power (sz000338) with a weight of 7.59%, latest price at 17.82, and an increase of 0.91% [1] - Luzhou Laojiao (sz000568) with a weight of 7.52%, latest price at 117.12, and a decrease of 1.26% [1] - Yun Aluminum (sz000807) with a weight of 5.93%, latest price at 33.78, and a decrease of 3.21% [1] - Inspur Information (sz000977) with a weight of 5.93%, latest price at 67.42, and a decrease of 0.98% [1] - AVIC Optoelectronics (sz002179) with a weight of 3.53%, latest price at 37.08, and a decrease of 0.40% [1] - Yanghe Distillery (sz002304) with a weight of 3.17%, latest price at 62.26, and a decrease of 1.77% [1] - Guangxun Technology (sz002281) with a weight of 2.96%, latest price at 71.18, and an increase of 2.45% [1]

北京商报讯(记者刘一博冯若男)1月7日尾盘，三大指数集体上涨，沪指4085.77点上涨0.05%。白酒板块 以2198.30点收盘，下跌0.21%，其中15只白酒股下跌。 从个股来看，贵州茅台（600519）收盘价达1423.36元/股，下跌0.33%；五粮液（000858）收盘价达 107.52元/股，下跌0.60%；山西汾酒（600809）收盘价达177.49元/股，下跌0.89%；泸州老窖 （000568）收盘价达117.12元/股，下跌1.26%；洋河股份（002304）收盘价达62.26元/股，下跌1.77%。 国盛证券（002670）在其发布研报称，白酒2025年充分释放风险，2026年有望迎"供给先行、需求渐 进"双改善，当下动销、价盘、报表三重底部，短期元春动销环比改善正向催化，中期维度动销、价 盘、报表有望相继修复，配置短期基于供给角度，中期基于格局与分红。 ...

Core Viewpoint - The liquor sector experienced a decline of 0.47% on January 7, with *ST Rock leading the drop, while the Shanghai Composite Index rose by 0.05% and the Shenzhen Component Index increased by 0.06% [1]. Group 1: Market Performance - The closing prices and performance of key liquor stocks showed mixed results, with Guizhou Moutai at 1423.36 yuan (-0.33%), and Wuliangye at 107.52 yuan (-0.60%) [1][2]. - The total net outflow of main funds from the liquor sector was 244 million yuan, while retail investors saw a net inflow of 437.07 thousand yuan [2]. Group 2: Trading Volume and Value - Guizhou Moutai had a trading volume of 29,700 hands and a transaction value of 4.234 billion yuan, while Wuliangye had a trading volume of 123,100 hands and a transaction value of 1.326 billion yuan [1][2]. - The trading volume for the liquor sector was highlighted, with notable transactions including Luzhou Laojiao at 93,700 hands and a transaction value of 1.102 billion yuan [2]. Group 3: Fund Flow Analysis - Guizhou Moutai saw a main fund inflow of 76.40 million yuan, while *ST Rock experienced a main fund outflow of 4.17 million yuan [3]. - The fund flow analysis indicated that retail investors contributed positively to some stocks, such as Tianyoude Liquor, which had a retail net inflow of 121.59 thousand yuan [3].