近日， 宁德时代新能源科技股份有限公司与白酒行业龙头企业五粮液集团正式达成战略合作。 双方将围 绕 " 项目共建、资本协作、供应链融合 " 三大方向，推动传统白酒产业与新能源技术深度融合，共同打 造产业零碳转型新样本，为宜宾建设生态优先绿色低碳发展先行区注入新动能。 五粮液集团副董事长、总经理邹涛与四川时代、时代吉利、时代长安总经理朱云峰代表双方签署协议。此 次合作不仅是两大行业龙头企业的资源互补，更是新能源科技与传统酿造产业在绿色发展道路上的一次系 统性共创。基于共同愿景，双方合作将重点聚焦三大领域： 共建零碳园区，打造行业标杆： 依托五粮液产业园区、温江产业园区等场景，宁德时代以光伏电站、储能 系统建设为起点，系统推进绿色能源基础设施升级。围绕"零碳园区"建设目标，双方将协同推进节能改 造、智能电网与能碳管理平台建设，将五粮液园区打造为白酒行业乃至传统制造业的零碳示范标杆。 -广告- 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：宁德时代 进固态电池群，加小编微信：13248122922 注：添加好友请备注 公司名称、姓名、职务，入群需发送1张您的纸 ...

【五粮液旗下基金入股国创先进半导体】智通财经11月26日电，天眼查App显示，近日，国创先进半导 体材料（无锡）有限公司发生工商变更，新增五粮液旗下四川普什产业发展基金合伙企业（有限合伙） 为股东，注册资本由3800万人民币增至4800万人民币。国创先进半导体材料（无锡）有限公司成立于 2024年3月，法定代表人为郑际杰，经营范围含工程和技术研究和试验发展、技术玻璃制品制造、技术 玻璃制品销售、新材料技术推广服务、新材料技术研发、技术进出口等。股东信息显示，该公司现由江 苏远航时代控股集团有限公司、玻璃新材料创新中心（安徽）有限公司、江苏振球投资有限公司及上述 新增股东等共同持股。 新浪财经"酒价内参"重磅上线 知名白酒真实市场价尽在掌握 转自：智通财经 ...

新浪财经"酒价内参"重磅上线 知名白酒真实市场价尽在掌握 天眼查App显示，11月25日，国创先进半导体材料（无锡）有限公司发生工商变更，新增五粮液旗下四 川普什产业发展基金合伙企业（有限合伙）为股东，注册资本由3800万人民币增至4800万人民币。 国创先进半导体材料（无锡）有限公司成立于2024年3月，法定代表人为郑际杰，经营范围含工程和技 术研究和试验发展、技术玻璃制品制造、技术玻璃制品销售、新材料技术推广服务、新材料技术研发、 技术进出口等。股东信息显示，该公司现由江苏远航时代控股集团有限公司、玻璃新材料创新中心（安 徽）有限公司、江苏振球投资有限公司及上述新增股东等共同持股。 ...

Group 1 - The core viewpoint of the article highlights a significant price adjustment in the Chinese liquor market, particularly among the top ten products, with an overall retail price drop of 69 yuan, totaling 9222 yuan, ending a four-day upward trend [1] - Among the products, Gujinggong Gu20 saw a price increase of 4 yuan per bottle, while the majority experienced price declines, with Yanghe Dream Blue M6+ dropping by 15 yuan per bottle, marking the largest decrease [1][4] - The article notes that prior to this price adjustment, there was a period of price stabilization and increase in the white liquor market, indicating accumulated pressure for a correction [1] Group 2 - Liu Feng, Chief Economist at the International Research Institute of Green Finance, emphasized the resilience of the liquor industry in China, despite challenges such as declining production and market segmentation, due to its essential role in social and emotional contexts [2] - Looking ahead to the 14th Five-Year Plan, Liu pointed out trends driven by consumer rationality and health consciousness, with a focus on quality and cultural value as key purchasing motivations [2] - Liu suggested that liquor companies should adopt a "1+N" product strategy, maintaining core flagship products while introducing a variety of lower-alcohol and fruit wines to meet changing consumer demands [2]

Investment Rating - The report maintains an "Outperform the Market" rating for the food and beverage sector [4][5][15]. Core Views - The food and beverage sector is expected to benefit from a recovery in consumer spending, particularly in the context of the upcoming 2026 fiscal year, with a focus on health innovation and digital supply chains [3][10]. - The report highlights the differentiation in performance across categories, with beverages outperforming food and alcoholic beverages [2][10]. - Key investment opportunities are identified in premium liquor brands, dairy products, and innovative snack foods, with specific recommendations for companies like Guizhou Moutai, Yili, and Eastroc Beverage [2][3][15]. Summary by Relevant Sections Market Overview - The food and beverage sector saw a cumulative decline of 1.52% this week, with A-shares down 1.36% and H-shares down 3.69% [1]. - Notable performers included Nanchao Food (+11.91%) and Yili (+2.65%) [1]. Alcoholic Beverages - The liquor sector is entering a left-side layout phase, with premium brands expected to gain market share [2][10]. - Recommendations include Luzhou Laojiao, Shanxi Fenjiu, and Guizhou Moutai, with a focus on companies that can leverage pricing power and regional advantages [2][10]. Beer - The beer industry is experiencing healthy inventory levels, with expectations for demand recovery [2][11]. - Yanjing Beer is recommended for its strong growth potential and ongoing internal reforms [2][11]. Dairy Products - The dairy sector is seeing a steady recovery in demand, with Yili recommended for its valuation safety margin [2][13]. - The report anticipates improvements in supply-demand dynamics by 2026 [2][13]. Snacks - The report emphasizes the growth potential of konjac snacks, with leading companies like Weilong and Yanjinpuzi showing strong competitive advantages [2][12]. - The snack industry is shifting towards a category-driven growth model, necessitating strong product differentiation [2][12]. Investment Recommendations - The recommended investment portfolio includes Guizhou Moutai, Babi Food, Eastroc Beverage, Weilong, and Luzhou Laojiao, with an average decline of 4.94% this week [3][15]. - The report suggests that the current pricing environment for Moutai presents a favorable investment opportunity, with expectations for revenue growth in the coming years [15][16].

Core Insights - Wuliangye reported that as of November 20, the number of its shareholders exceeded 600,000 [2] Company Summary - Wuliangye has a significant shareholder base, indicating strong investor interest and potential market confidence [2]

Core Points - The Shenzhen State-Owned Enterprises Shareholder Return Index (970064) closed at 1612.77 points, up 0.73%, with a trading volume of 20.124 billion yuan and a turnover rate of 0.78% [1] - Among the index constituents, 33 stocks rose, with China National Materials Technology leading at a 10.01% increase, while 12 stocks fell, with CITIC Special Steel leading the decline at 2.97% [1] Index Constituents Summary - The top ten constituents of the Shenzhen State-Owned Enterprises Shareholder Return Index include: - BOE Technology Group (sz000725) with a weight of 9.31%, latest price at 3.85, and a market cap of 144.043 billion yuan [1] - Hikvision (sz002415) with a weight of 7.97%, latest price at 29.99, and a market cap of 274.855 billion yuan [1] - Wuliangye Yibin (sz000858) with a weight of 7.71%, latest price at 118.51, and a market cap of 460.009 billion yuan [1] - Luzhou Laojiao (sz000568) with a weight of 6.59%, latest price at 133.59, and a market cap of 196.637 billion yuan [1] - XCMG Machinery (sz000425) with a weight of 5.75%, latest price at 10.30, and a market cap of 121.056 billion yuan [1] - Changan Automobile (sz000625) with a weight of 3.88%, latest price at 11.91, and a market cap of 118.077 billion yuan [1] - Shenwan Hongyuan (sz000166) with a weight of 3.84%, latest price at 5.14, and a market cap of 128.705 billion yuan [1] - Yunnan Aluminum (sz000807) with a weight of 3.81%, latest price at 23.54, and a market cap of 81.636 billion yuan [1] - Yanghe Brewery (sz002304) with a weight of 3.37%, latest price at 65.71, and a market cap of 68.686 billion yuan [1] - Tongling Nonferrous Metals (sz000630) with a weight of 3.18%, latest price at 6.67, and a market cap of 66.913 billion yuan [1] Capital Flow Summary - The net inflow of main funds into the index constituents totaled 425 million yuan, while retail funds saw a net outflow of 319 million yuan [3] - Key stocks with significant capital flow include: - China National Materials Technology with a net inflow of 210 million yuan from main funds [3] - Luzhou Laojiao with a net inflow of 91.542 million yuan from main funds [3] - Tongling Nonferrous Metals with a net inflow of 60.685 million yuan from main funds [3]

Core Viewpoint - The company has addressed inquiries regarding the authenticity and purchasing channels of its product, Wuliangye 501 Mingchi, emphasizing the importance of official sales channels for consumers [1] Group 1 - The company confirmed that the two bottles showcased by the wine reviewer are legitimate products [1] - The company referred to its March announcement regarding official e-commerce sales channels, providing consumers with guidance on where to purchase [1] - The company expressed gratitude for investor interest and encouraged checking the official channels for further information [1]

Core Insights - The auction of "Da Guo Nong Xiang - Wuliangye Aged Collection" held by China Guardian on November 24 showcased the active state of the aged liquor market, with a total transaction amount of 4.49075 million yuan [2] - This auction marked the first time aged Wuliangye was presented in a dedicated session, featuring 47 lots and a total of 948 bottles, including various commemorative and historical products [2] - The auction results highlighted three major trends in the aged liquor market: the continued strength of top brands with cultural and historical value, the high demand for well-preserved and orderly circulated premium products, and the resilience of high-end aged liquor as an investment [2] Company Insights - Wuliangye's performance in the auction serves as a testament to its over a thousand years of brewing heritage and deep brand foundation [3] - The company aims to solidify its development foundation through consistent quality pursuit and expand its value boundaries via ongoing brand upgrades, establishing an irreplaceable corporate "moat" [3] - Wuliangye is positioned to maintain its leadership in the high-end aged liquor market, showcasing the strength of China's leading liquor brand [3]

Core Viewpoint - The liquor industry, particularly the baijiu sector, is undergoing a significant adjustment, with expectations of a gradual bottoming phase by 2026 despite current challenges [1]. Industry Summary - The Shanghai Composite Index closed at 3870.02 points, up 0.87%, while the baijiu sector index closed at 2254.47 points, up 0.28% [1]. - A total of 12 baijiu stocks saw gains, with the leading stock, Jiu Gui Jiu, increasing by 1.73% [1]. - The report from Galaxy Securities indicates that the baijiu industry has been in deep adjustment this year, with a notable acceleration in supply-side clearing since the third quarter [1]. - The industry is expected to remain in an adjustment phase until 2026, but signs of a bottoming phase are anticipated, characterized by narrowing declines in sales and prices, along with continued clearing in financial statements [1]. Company Summary - Kweichow Moutai's stock closed at 1444.65 yuan per share, down 0.51% [1]. - Wuliangye's stock closed at 118.51 yuan per share, down 0.01% [1]. - Shanxi Fenjiu's stock closed at 192.99 yuan per share, up 0.31% [1]. - Luzhou Laojiao's stock closed at 133.59 yuan per share, up 0.50% [1]. - Yanghe's stock closed at 65.71 yuan per share, down 1.19% [1].