8月4日突破半年线个股乖离率排名 （文章来源：证券时报网） | 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 半年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 688311 | 盟升电 | 7.40 | 4.63 | 37.68 | 39.89 | 5.86 | | | 子 | | | | | | | 300735 | 光弘科 技 | 6.10 | 4.73 | 27.36 | 28.54 | 4.32 | | 301210 | 金杨股 份 | 5.60 | 15.69 | 42.39 | 43.96 | 3.70 | | 603507 | 振江股 份 | 5.00 | 12.19 | 24.79 | 25.60 | 3.28 | | 603360 | 百傲化 学 | 5.59 | 2.66 | 20.51 | 21.16 | 3.16 | | 603559 | ST通脉 | 3.27 | 0.28 | 8.57 | 8.83 | 3.07 | ...

Investment Rating - The investment rating for the food and beverage industry is "Outperform the Market" [4][5][80]. Core Views - The industry is entering the mid-year performance reporting period, with a focus on structural opportunities within the sector [11]. - The liquor segment is experiencing slight price declines for high-end products during the off-season, with attention on mid-year performance [12][13]. - The beer and beverage sectors are entering a peak season, with stable performance from leading companies in basic condiments [14][15]. - The report emphasizes the importance of consumer engagement and market health for liquor companies, with a shift towards internationalization and youth-oriented strategies [13][19]. Summary by Sections Liquor - The high-end liquor prices have slightly decreased, with a focus on mid-year performance [11]. - Major companies like Kweichow Moutai and Wuliangye are expanding their cultural and consumer engagement strategies [11][12]. - The report suggests three investment themes: resilient market leaders, companies showing digital transformation benefits, and those with market share growth potential [13]. Consumer Goods - The beer sector is seeing a slight decrease in fund holdings, with a focus on Yanjing Beer for internal reforms [14]. - The snack sector has seen an increase in fund holdings, particularly in Yanjing and Wancheng Group [15]. - The condiment sector is expected to perform steadily, with a focus on mid-year performance windows [16]. Frozen Foods - Companies are actively developing new products during the off-season, benefiting from industrialization trends [17]. Dairy Products - The dairy sector is experiencing a stable recovery in demand, with supply adjustments leading to improved conditions for 2025 [18]. Beverages - The beverage sector is entering a peak season, with significant performance differentiation among leading companies [19].

Investment Rating - The report maintains an "Increase" rating for the food and beverage industry, indicating a positive outlook for the sector [5]. Core Insights - The implementation of the childcare subsidy policy is expected to stimulate growth in the food and beverage sector, particularly benefiting the infant formula and dairy product markets [4]. - The report highlights three main investment themes in the liquor segment: strong leading brands, sustained regional advantages, and recovery-driven elastic stocks [1][2]. - In the beer and beverage segment, Budweiser faces sales pressure but is seeing price recovery, while the sugary tea category is gaining market share during peak seasons [3]. Summary by Sections Liquor Industry - Leading brands such as Moutai, Wuliangye, and Luzhou Laojiao dominate the global rankings, with Moutai valued at $58.4 billion, maintaining its position as the most valuable liquor brand globally [2]. - The liquor sector is transitioning from scale growth to high-quality development, with a focus on brand strength and market positioning [2]. Beer and Beverage Sector - Budweiser's Q2 2025 results show a revenue decline of 3.9% and a profit drop of 31.1%, with a notable 6.2% decrease in sales volume [3]. - The sugary tea segment is experiencing a resurgence, with brands like Kang Shifu and Uni-President maintaining leading positions, and sales of Yuanqi Forest's iced tea growing by 53.9% year-on-year [3]. Food Sector - The national childcare subsidy program, effective from January 1, 2025, is projected to enhance birth rates and subsequently increase demand for dairy products [4]. - New product launches by companies like Qiaqia and Ximai are aimed at expanding market presence and tapping into health-oriented consumer trends [4][7].

Core Viewpoints - The liquor instant retail market is entering a rapid development phase, with significant room for channel penetration. Instant retail is defined as a "supply revolution" driven by consumer lifestyles, transitioning from "selling products" to "selling scenarios" [6][8] - The transformation of liquor channel models is accelerating, making the rapid development of instant retail a necessity. As the competition landscape for liquor stabilizes, consumers are increasingly pursuing price-performance ratios through diversified channels, leading to a contraction in traditional channel profits [7][10] - Liquor companies are actively embracing channel changes and expanding into instant retail and online channels. Instant retail is not just a sales channel but a way for liquor brands to integrate into residents' lifestyles, enhancing consumer engagement [7][10] Market Overview - The liquor instant retail market is projected to reach a scale of 36 billion yuan in 2024, with a penetration rate of approximately 1.8%. The growth potential remains vast, with estimates suggesting the market could reach 60-90 billion yuan by 2030 [6][20] - Instant retail channels are categorized into two main models: platform models that integrate resources (e.g., Meituan Flash Purchase) and self-operated models that maintain strong supply chain control [8][21] - The rapid growth of instant retail channels is driven by changing consumer lifestyles and the need for efficiency, with a focus on enhancing consumer experiences and meeting demand in lower-tier markets [10][20] Industry Opportunities - Instant retail creates opportunities for the liquor industry, such as serving as a trial ground for younger products and facilitating collaboration between liquor companies and platforms to co-create products [8][10] - The traditional profit margins in liquor channels are shrinking, prompting companies to adopt digital management and consumer-centric strategies to enhance efficiency [7][10] - The beer segment, with non-immediate consumption channels accounting for 60%, is also seeing a shift towards instant retail, which helps capture market share in lower-tier cities [10][20] Company Strategies - Major liquor brands are actively recruiting operators on multiple platforms, with companies like Moutai and Qingdao Beer launching new products and innovative sales models [7][10] - Companies are leveraging instant retail to enhance operational efficiency and product innovation, with a focus on high-end product offerings and consumer engagement [8][10] - The collaboration between liquor companies and platforms is expected to foster a more efficient and consumer-oriented sales environment, driving growth in the sector [7][10]

Investment Rating - The report assigns an "Outperform" rating to multiple companies in the consumer staples sector, including Guizhou Moutai, Wuliangye, Luzhou Laojiao, and others [1]. Core Insights - The report highlights that most baijiu wholesale prices have stabilized, with specific price changes noted for various brands. For instance, the price of Feitian Moutai (case) is 1915 yuan, down by 35 yuan from the previous month, and down 665 yuan year-on-year [3][9]. - Discounts on liquid milk and beer have decreased compared to previous months, indicating a shift in pricing strategies within the consumer goods market [5][22]. Summary by Sections Baijiu Pricing - Guizhou Moutai's prices for different products have shown a decline, with Feitian Moutai (case) at 1915 yuan, down 35 yuan month-on-month and 665 yuan year-on-year [3][9]. - Wuliangye's eighth-generation price is 930 yuan, stable compared to last month and unchanged year-on-year [4][9]. - Luzhou Laojiao's Guojiao 1573 remains at 860 yuan, unchanged from last month and down 40 yuan year-on-year [4][9]. Consumer Goods Discounts - The average discount rate for liquid milk has decreased to 79.1% from 73.8% at the end of June, while the median discount rate increased to 80.3% [5][22]. - Beer discounts have also seen a slight increase, with average and median rates at 83.6% and 87.0%, respectively, compared to 81.1% and 84.6% in late June [5][22]. - Discounts for infant formula and instant foods have remained stable, with average rates at 93.0% and 94.3%, respectively [7][22].

Core Viewpoint - Hubei Shiyan is transforming its ecological water resources into economic value, achieving over 40 billion yuan in comprehensive water economy output, thus becoming a new engine for high-quality regional economic development [1][4]. Group 1: Water Economy Development - The city has developed a water economy with 355 enterprises, achieving a total output value exceeding 40 billion yuan, with Danjiangkou City contributing 18 billion yuan [4]. - The water economy in Shiyan has seen a year-on-year growth of 9.7% in the first four months of 2025, reaching a total output value of 14.2 billion yuan [4]. - The integration of water resources into agriculture has led to the development of 450,000 acres of water-friendly agriculture, significantly increasing farmers' incomes [3]. Group 2: Industrial Innovation and Transformation - The establishment of a modern industrial cluster is underway, with a focus on logistics and supply chain optimization to reduce costs for food and beverage companies [5][7]. - The creation of a water resource processing industry cluster aims to expand the scale of water resource processing, forming an integrated industry chain from source water to functional beverages [6]. - The transformation of traditional products, such as Huangjiu, into trendy brands has increased their market valuation to 1.33 billion yuan, reflecting the shift in consumer demographics [8]. Group 3: Environmental and Quality Standards - Danjiangkou Reservoir maintains high water quality, with 107 out of 109 monitoring indicators meeting Class I standards, supporting the high-quality development of the water industry [2]. - The establishment of a long-term mechanism for water quality protection and industrial development is being implemented to ensure sustainable growth [9]. - The region is enhancing its public brand influence, with "Wudang Mountain Water" and "Danjiangkou" becoming recognized names in the green food and beverage industry [9].

Market Overview - As of 14:00, the Shanghai Composite Index is at 3607.62 points, with a slight decline of -0.06% [1] - The total trading volume of A-shares today is 14,725.33 billion yuan [1] Technical Analysis - A total of 51 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - HaHuan (301137) with a distance of -1.61% - BaiLi Electric (600468) with a distance of -1.18% - JingYun (601908) with a distance of -0.92% [1] Individual Stock Performance - HaHuan (301137) is down by -1.34% with a trading turnover of 3.48% and a latest price of 33.85 yuan, which is -4.08% from the 10-day moving average [1] - BaiLi Electric (600468) has decreased by -1.50% with a turnover of 1.91% and a latest price of 6.56 yuan, -4.39% from the 10-day moving average [1] - JingYun (601908) has dropped by -2.33% with a turnover of 2.38% and a latest price of 3.77 yuan, -4.02% from the 10-day moving average [1] Additional Stock Data - Other stocks showing a downward trend include: - SiFang (605122) down -3.17% with a latest price of 14.37 yuan - HaoLaiKe (603898) down -3.78% with a latest price of 10.19 yuan - HeDuan Intelligent (603011) down -1.14% with a latest price of 15.65 yuan [1] - Stocks with minor declines include: - SuNeng (600925) down -0.39% with a latest price of 5.07 yuan - ChangSha Bank (601577) up 0.70% with a latest price of 10.10 yuan [1][2]

Group 1 - The food and beverage sector is experiencing a significant rally, with the Food ETF (515710) showing a maximum intraday increase of 1.15% and currently up by 0.98% [1] - Key stocks in the sector include Meihua Biological, which surged over 3%, and several others like Luzhou Laojiao and Yanjing Beer, which rose more than 2% [1] - The food and beverage sector has attracted over 2.4 billion yuan in net inflows, ranking fourth among 30 major sectors [2][3] Group 2 - The food and beverage sector is currently at a low point after a significant pullback, with expectations of a new market trend due to improved sentiment and policy adjustments [3] - The liquor industry is facing challenges due to unexpected restrictions impacting consumption, but there are indications of a potential bottoming out in the second half of the year [3] - Recent government policies, such as the implementation of a childcare subsidy program, are expected to boost demand for dairy products, particularly infant formula [4][5] Group 3 - The current valuation of the food and beverage sector is attractive, with the Food ETF's underlying index PE ratio at 20.19, which is at a low point historically [5] - The overall sentiment in the food and beverage sector is expected to improve as economic stimulus policies take effect, leading to a potential recovery in demand [5] - The government is promoting consumption as a key driver for economic growth, which is likely to benefit sectors like snacks and dairy products [5][6] Group 4 - The Food ETF (515710) primarily invests in leading high-end and mid-range liquor stocks, with significant allocations to dairy, beverages, and condiments [6] - Investors can also access core assets in the food and beverage sector through the Food ETF linked funds [6]

证券时报·数据宝统计，截至上午10:29，上证综指3625.08点，涨跌幅为0.43%，A股总成交额为8203.58 亿元。到目前为止，今日有41只A股的5日均线主动下穿10日均线，其中哈焊华通、百利电气、京运通 等个股的5日均线较10日均线距离最大，分别达-1.55%、-1.12%、-0.84%。（数据宝） 部分5日、10日均线死叉个股 | 代码 | 简称 | 今日涨跌 | 今日换手 | 5日均线 | 10日均线 | 5日较10日均线 | 最新价 | 较10日均线乖 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | （%） | 率（%） | （元） | （元） | 距离（%） | （元） | 离率（%） | | 301137 | 哈焊 | -0.70 | 2.08 | 34.76 | 35.31 | -1.55 | 34.07 | -3.51 | | | 华通 | | | | | | | | | 600468 | 百利 | -0.90 | 0.96 | 6.79 | 6.87 | -1.12 | 6.60 | -3.86 | | ...

金融界消息 截至2025年7月29日收盘，燕京啤酒（000729）报收于12.55元，下跌1.65%，换手率 0.88%，成交量22.01万手，成交金额2.76亿元。 资金流向方面，今日主力资金净流出2933.13万元，占比成交额10.62%。其中，超大单净流出2041.86万 元、占成交额7.39%，大单净流出891.27万元、占成交额3.23%，中单净流出流出1414.15万元、占成交 额5.12%，小单净流入4347.28万元、占成交额15.74%。 通过天眼查大数据分析，北京燕京啤酒股份有限公司共对外投资了52家企业，参与招投标项目284次， 知识产权方面有商标信息9条，专利信息201条，此外企业还拥有行政许可735个。 来源：金融界 燕京啤酒最新一期业绩显示，截至2025一季报，公司营业总收入38.27亿元、同比增长6.69%，归属净利 润1.65亿元，同比增长61.10%，扣非净利润1.53亿元，同比增长49.11%，流动比率1.591、速动比率 1.078、资产负债率32.81%。 天眼查商业履历信息显示，北京燕京啤酒股份有限公司，成立于1997年，位于北京市，是一家以从事 酒、饮料和精制茶制造 ...