11月25日的风裹着寒意往骨头缝里钻。 这两年的业绩报表摊开来看，满是熬人的冷清，2024年营收跌了12.83%，只剩288.76亿元，净利润直接少了三成，第四季度更是摔出上市以来首次季度亏 损。 2025年前三季度依旧没缓过来，营收、净利润降幅还在三成以上。 曾经稳稳站着行业老三的位置，市值莫名就跌出了前五，连江苏大本营的市场，都被竞品悄悄啃走了一块，那种落差不是一下子的疼，是慢慢渗进来的委 屈，磨得人没了脾气。 手里的账户数字跟着往下掉，从曾经268元的高点跌到如今不足70元，两千多亿市值蒸发得没了踪影，心里那点底气像被寒风刮得发晃，忍不住琢磨，守 着洋河这些日子，怎么就熬成了这般模样，往后的日子，还能等来暖意吗？ 今年的冬天冷，经济行情也透着股凉劲，消费市场没了往日的热闹， 白酒 行业跟着遭了殃，洋河自然躲不过。 打开A股盘面， 洋河股份 的绿色K线又往下压了一截，65.71元的收盘价，比前一天少了1.19%，五千多万主力资金悄悄流走，屏幕亮着的光映着一张张沉 默的脸。 更别说洋河手里的家底，7万口名优窖池，100万吨储酒规模，70万吨老酒存着，这些攒了十几年甚至几十年的东西，就像家里地窖里存着的余粮， ...

证券之星消息，11月25日，深证国企股东回报（970064）指数报收于1612.77点，涨0.73%，成交201.24 亿元，换手率0.78%。当日该指数成份股中，上涨的有33家，中材科技以10.01%的涨幅领涨，下跌的有 12家，中信特钢以2.97%的跌幅领跌。 深证国企股东回报（970064）指数十大成份股详情如下： 资金流向方面，深证国企股东回报（970064）指数成份股当日主力资金净流入合计4.25亿元，游资资金 净流出合计1.07亿元，散户资金净流出合计3.19亿元。成份股资金流向详情见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002080 中材科技 | | 2.10 Z | 18.77% | -9955.69万 | -8.91% | -1.10 Z | -9.86% | | 000568 泸州老窖 | | 9154.24万 | 9.57% | -3843.95万 | -4.02% | -5 ...

北京商报讯（记者刘一博冯若男）11月25日尾盘，沪指3870.02点上涨0.87%。白酒板块2254.47点收盘 上涨0.28%，其中12只白酒股上涨，酒鬼酒1.73%领涨白酒股。 （文章来源：北京商报） 银河证券在其研报中指出，今年白酒行业深度调整，第三季度以来供给端加速出清。展望2026年，研报 预计行业仍处于调整期，但逐渐步入筑底阶段，即动销与批价跌幅收窄+报表端继续出清，股票长期价 值凸显。 从个股来看，贵州茅台收盘价达1444.65元/股，下跌0.51%；五粮液收盘价达118.51元/股，下跌0.01%； 山西汾酒收盘价达192.99元/股，上涨0.31%；泸州老窖收盘价达133.59元/股，上涨0.50%；洋河股份收 盘价达65.71元/股，下跌1.19%。 ...

| 贵州茅台酒(飞天) | 1831/瓶 | -470 | | --- | --- | --- | | 53度/500ml | | | | 贵州茅台酒(精品) | 2369/瓶 | -9元 | | 53度/500ml | | | | 五粮液普五八代 | 868/瓶 | 2元 | | 52度/500ml | | | | 青花汾20 53度/500ml | 396/瓶 | 2元 | | 国窖1573 | 895/瓶 | 670 | | 52度/500ml | | | | 洋河梦之蓝M6+ | 600/瓶 | | | 52度/550ml | | | | 古井贡古20 52度/500ml | 506/瓶 | -7元 | | 郎 | 青花郎 53度/500ml | 730/瓶 | 570- | | --- | --- | --- | --- | | 10.01 | 水晶剑南春 52度/500ml | 421/瓶 | 3元- | | 2 | 习酒君品 53度/500ml | 675/瓶 | 2元- | 新浪财经"酒价内参"过去24小时收集的数据显示，白酒市场十大单品终端零售均价周二延续升势。如果十 大单品各取一瓶整体打包 ...

格隆汇11月25日｜据酒价内参，白酒市场十大单品终端零售均价周二延续升势。如果十大单品各取一瓶 整体打包售卖，今日售价达到9291元，较昨日上涨8元，实现四连涨。多数品牌延续涨势，洋河梦之蓝 M6+表现强劲，单日涨幅达8元/瓶。国窖1573价格上涨6元/瓶。青花郎价格再度上涨5元/瓶，实现连续 五日上涨，领跑全场。水晶剑南春与习酒君品价格分别上涨3元/瓶和2元/瓶，走势稳健。青花汾20价格 上涨2元/瓶。五粮液普五八代价格亦上涨2元/瓶。下跌产品中，精品茅台与古井贡古20价格跌幅稍重， 分别下跌9元/瓶和7元/瓶。飞天茅台价格下跌4元/瓶。 ...

Investment Rating - The report assigns an "Outperform" rating to multiple companies in the essential consumer goods sector, including Guizhou Moutai, Wuliangye, and others [1]. Core Insights - The wholesale prices of Baijiu have mostly declined, while prices for instant foods and condiments have rebounded [1][10]. - Discounts for convenience foods and seasonings have narrowed compared to the end of October, indicating a potential recovery in consumer spending [19][38]. - The report highlights the stability of discounts for infant formula and beer, while discounts for liquid milk and soft drinks have increased [21][38]. Summary by Sections Baijiu Pricing - The wholesale prices for various Baijiu brands, such as Moutai and Wuliangye, have shown significant declines compared to previous months and year-to-date figures [9][40]. - For instance, the price of Feitian Moutai (case) is 1650 yuan, down by 110 yuan from last month, and down 590 yuan year-to-date [40]. Consumer Goods Discounts - Convenience foods have seen an increase in average and median discount rates, moving from 93.2%/95.9% at the end of October to 95.8%/97.0% [19][38]. - Seasonings also experienced a rise in discount rates, from 83.7%/84.9% to 85.9%/88.9% [19][38]. - In contrast, liquid milk discounts have widened, with average rates dropping from 69.6% to 66.0% [21][38]. Company Ratings - The report lists several companies with an "Outperform" rating, including: - Guizhou Moutai - Wuliangye - Luzhou Laojiao - Shanxi Fenjiu - Yanghe - Others [1].

北京商报讯11月24日尾盘，沪指3836.77点上涨0.05%。白酒板块2248.25点收盘上涨0.17% ，其中11只白 酒股上涨。 中信建投在其研报中指出，当前食饮板块经历回调，估值已处于历史相对低位，市场预期较弱。白酒行 业动销持续磨底，茅台治理电商乱象稳定价格预期，以业绩出清卸包袱+强品牌支撑动销+强运营赋能 渠道+新营销模式探索的底部逻辑。 （文章来源：北京商报） 从个股来看，贵州茅台收盘价达1452.00元/股，下跌1.00%；五粮液收盘价达118.52元/股，下跌0.97%； 山西汾酒收盘价达192.40元/股，下跌0.31%；泸州老窖收盘价达132.92元/股，下跌0.95%；洋河股份收 盘价达66.50元/股，下跌0.67%。 ...

2020年是国内股市的大牛市，A股走出独立行情，一度领涨全球。市场交投活跃，而纵观所有行业，白酒无疑是最受关注的板块之一。 截至2021年4月30日，19家上市白酒企业已全部发布了2020年年报。这19家上市白酒企业共实现营收2589.36亿元，同比增长6.58%；同期归母净利润共 920.68亿元，相比上年增幅为11.95%。 从整体来看，去年受疫情影响，19家白酒上市公司的业绩整体增速较上一年有所下滑。在业绩增速下滑的同时，各大白酒上市公司的分化也在加剧，甚至百 亿级别的酒企也有分化的趋势。整体来看，山西汾酒和酒鬼酒表现较好，去年这两家公司的股价涨幅也超过3倍，位居行业TOP3之中。 每经记者｜朱万平 每经编辑｜文多 营收从暴跌39.07%到最高增长20.79% 2020年，白酒板块弯道超车，整体涨幅跃居A股大类板块首位。但从年报来看，名优酒企与区域酒企的营收增速（同比，下同）之间，出现分化加剧的情 况。去年，19家白酒上市公司中，11家营收增幅为正，其余8家均为负增长；营收增幅最高的酒鬼酒,达到20.79%，最低为青青稞酒为-39.07%，两者相差高 达59.86个百分点。 | | 19家上市白酒企业营 ...

新浪财经"酒价内参"过去24小时收集的数据显示，白酒市场十大单品终端零售均价周一延续强劲表现，呈普涨 格局。如果十大单品各取一瓶整体打包售卖，今日售价达到9283元，较昨日大幅提升21元，创近期单日涨幅新 高，市场整体表现积极。青花郎以5元/瓶的涨幅领跑市场，实现连续第五日上涨，表现尤为亮眼。习酒君品与 五粮液普五八代紧随其后，价格均上涨4元/瓶，呈现稳健上升势头。第三梯队为洋河梦之蓝M6+与古井贡古 20，价格均上涨3元/瓶。多数产品价格保持稳定或小幅上行，精品茅台价格结束近期跌势，环比上涨1元/瓶。 飞天茅台价格与昨日持平。青花汾20以及水晶剑南春价格均上涨1元/瓶。下跌产品仅有国窖1573，价格环比微 跌1元/瓶。 | 品名/规格 | | 今日价格(元) | 较昨日(元) | | --- | --- | --- | --- | | | 贵州茅台酒(飞天) 53度/500ml | 1835/瓶 | 学本 | | | 贵州茅台酒(精品) 53度/500ml | 2378/瓶 | 1元 | | | 五粮液普五八代 52度/500ml | 866/瓶 | 470 | | | 青花汾20 53度/500ml | ...

Investment Rating - The report maintains a "Recommended" investment rating for the food and beverage & commercial sectors [9][56] Core Insights - The white liquor sector is showing signs of bottoming out, with market sentiment improving, presenting a good opportunity for low-level positioning. Recent CPI recovery and consensus on destocking, along with the Double 11 shopping festival, have contributed to this trend. The Federal Reserve's dovish signals on November 21 have also created favorable conditions for the market [5][54] - Long-term prospects for leading liquor companies are promising due to their strong risk resistance and increasing market concentration, supported by domestic demand policies and recovering consumer sentiment. The industry is still in a destocking phase, with demand at a low point [5][54] - The consumer goods sector is experiencing structural differentiation, with the snack food segment remaining robust and soft drink leaders maintaining stability during the off-season. The dairy sector is approaching a supply-demand improvement point, while the restaurant industry is shifting from incremental to stock competition due to demand pressure [55] Summary by Sections Industry News - From January to October, white liquor production decreased by 11.5% [16] - The overall sentiment in the sector is improving, driven by the upcoming holiday season and promotional activities [5][54] Company News - Guizhou Moutai has initiated its annual meeting season for Moutai liquor [4] - Wuliangye is launching a new zodiac-themed product for the Year of the Horse [4] Key Company Feedback - The report highlights key companies with strong long-term investment value, including Guizhou Moutai, Wuliangye, Luzhou Laojiao, and Fenjiu, as well as more flexible stocks like Jiu Gui Jiu and Shede Liquor [5][54][57] Core Data Trends - The cumulative production of white liquor in 2024 is projected at 4.145 million tons, a decrease of 7.72% year-on-year, while industry revenue is expected to reach 796.4 billion yuan, an increase of 5.3% [32][33]