Group 1 - The liquor sector experienced a significant surge on January 29, with stocks rising across the board, led by Kweichow Moutai, which closed at 1437.72 yuan, up 8.61% from the previous trading day, marking the highest single-day increase in nearly 16 months [1] - Kweichow Moutai's market capitalization returned to 1.8 trillion yuan, indicating a strong recovery in investor confidence [1] - More than ten A-share listed liquor companies, including Wuliangye, Shanxi Fenjiu, and Luzhou Laojiao, reached their daily price limits, while Hong Kong-listed liquor company Zhenjiu Lidu saw a single-day increase of over 12% [1] Group 2 - The liquor industry is currently in an adjustment phase, with a bottoming process being the norm, and signs of recovery are not yet evident [3] - The upcoming Spring Festival holiday presents a significant opportunity for liquor consumption, and the industry is encouraged to leverage this key consumption period to enhance market investment and brand promotion [3]

Core Insights - The "Top Ten Economic Figures of the Year" award is considered the "Oscar" of the Chinese economic field, aimed at recognizing outstanding entrepreneurs who drive business progress, industrial innovation, and social development [1][2] - Wu Xiangdong, Chairman of Zhenjiu Lidu Group, was awarded the title of "Top Ten Economic Figures of 2025" for his innovative practices and contributions to the liquor industry [2][4] Company Performance - Under Wu Xiangdong's leadership, Zhenjiu Lidu launched the "Dazhen·Zhenjiu" product, which has become the best-selling new mid-to-high-end liquor in China within 200 days of its launch, achieving sales across 31 provinces and 280 cities [1][4] - The "Niushi" super beer has consistently topped sales charts on platforms like Tmall and JD, and has gained popularity on Douyin [1] Business Model Innovation - The establishment of the "Wanshang Alliance" has led to over 80 forums and attracted more than 10,000 merchants, signing over 4,000 alliance businesses, marking it as a highly innovative business model for 2025 [4] - Wu Xiangdong's personal video account has garnered over 400 million views in just six months, with 15 videos exceeding 10 million views, showcasing the effectiveness of modern marketing strategies [4] Recognition and Vision - The award citation highlights Wu Xiangdong as a practitioner of blending traditional brewing spirit with modern business wisdom, emphasizing his commitment to long-termism and quality in the liquor industry [4] - In his acceptance speech, Wu expressed a vision for expanding the reach of Chinese liquor to the global stage, aiming for international appreciation [6]

"十大经济年度人物"评选被誉为中国经济领域的"奥斯卡"，由新浪财经、第一财经主办，迄今已连续举 办十一届，旨在发掘当年推动商业进步、产业创新与社会发展的卓越企业家代表。历届获奖者包括曹德 旺、王传福、钟睒睒、董明珠、雷军、刘永好、宁高宁、曾毓群等商业领军人物。 1月29日，"为中国经济点赞——企业家之夜"盛典上，珍酒李渡集团、华致酒行董事长吴向东荣膺"2025 十大经济年度人物"。 去年5月，打造万商联盟至今，共举办论坛80余场，吸引超万名客商参与，签约联盟商4000多家，成为 2025热度最高创新商业模式。 吴向东开启个人视频号，正式运营仅半年，发布内容140余条，总播放量突破4亿。其中，15条视频播放 量超千万，单条最高播放量超9000万，跻身2025年度《企业家视频IP100榜单》第三。 "2025十大经济年度人物"颁奖词认为："吴向东是传统酿造精神与现代商业智慧融合的践行者，始终致 力于推动中国酒业发展。酒业深度调整之际，他坚守长期主义，推出战略级产品大珍·珍酒和牛市啤 酒，开创全新商业模式。他更以躬身践行的姿态，打造冠绝群雄的超级IP。他证明了在这个追求速度的 时代，沉心打磨品质，才是最持久、最珍贵 ...

Market Overview - On January 29, the professional chain sector rose by 2.14%, with Huazhi Wine leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Huazhi Wine (300755) closed at 18.80, up 16.05%, with a trading volume of 341,700 shares and a transaction value of 621 million yuan [1] - Kids King (301078) closed at 10.92, up 3.02%, with a trading volume of 579,200 shares and a transaction value of 628 million yuan [1] - Doctor Glasses (300622) closed at 30.57, up 0.99%, with a trading volume of 115,000 shares and a transaction value of 353 million yuan [1] - Aiyingshi (603214) closed at 17.59, up 0.57%, with a trading volume of 38,100 shares and a transaction value of 6.7 million yuan [1] - Tianyin Holdings (000829) closed at 10.40, up 0.39%, with a trading volume of 257,200 shares and a transaction value of 268 million yuan [1] - Jifeng Technology (300022) closed at 8.00, down 0.99%, with a trading volume of 98,600 shares and a transaction value of 79.8 million yuan [1] - Aishide (002416) closed at 13.05, down 1.88%, with a trading volume of 299,100 shares and a transaction value of 394 million yuan [1] Capital Flow - The professional chain sector saw a net inflow of 92.69 million yuan from main funds, while retail funds experienced a net outflow of 22.27 million yuan [1] - Main funds for Huazhi Wine had a net inflow of 59.10 million yuan, while retail funds had a net outflow of 37.21 million yuan [2] - Kids King had a net inflow of 52.69 million yuan from main funds, with a net outflow of 18.70 million yuan from retail funds [2] - Doctor Glasses had a minor net inflow of 3.12 million yuan from main funds, while retail funds saw a net inflow of 6.77 million yuan [2] - Aiyingshi had a net inflow of 1.65 million yuan from main funds, but retail funds experienced a net outflow of 2.30 million yuan [2] - Jifeng Technology had a slight net outflow of 0.34 million yuan from main funds, while retail funds had a net outflow of 3.69 million yuan [2] - Tianyin Holdings had a net outflow of 4.40 million yuan from main funds, but retail funds saw a net inflow of 12.07 million yuan [2] - Aishide had a significant net outflow of 19.13 million yuan from main funds, while retail funds had a net inflow of 20.80 million yuan [2]

Group 1 - The inaugural Jin Taishan Award was announced at the "2026 Capital Operations and Compliance Governance Summit" on January 22, aimed at recognizing outstanding teams and individuals in information disclosure, corporate governance, and investor relations management within listed companies [1][6] - The award symbolizes the importance of compliance in the capital market, especially under a stringent regulatory environment, and aims to establish industry benchmarks through positive incentives [1][6] Group 2 - A total of 61 "Best Secretaries" were selected, representing a wide range of listed companies from main boards to ChiNext and STAR Market, with notable winners including Liu Honglin from Kaiying Network and Wang Fang from Yingfang Micro [2][7] - Kaiying Network was recognized for its excellence in social responsibility, winning the "Annual Social Responsibility Excellence Brand" award, highlighting its significant achievements in compliance governance and investor protection [2][7] Group 3 - The Jin Taishan Award also introduced various special awards to acknowledge diverse industry values, with Ningbo Bank and Degute winning the "Annual Corporate Governance Excellence Contribution" award for their effective internal controls [3][8] - Several companies, including Sanqi Interactive Entertainment and Century Huatong, received the "Annual Social Responsibility Excellence Brand" award, reflecting their commitment to social responsibility [3][8] Group 4 - The establishment of the Jin Taishan Award sets a new benchmark for compliance work in information disclosure within the capital market, showcasing the professional capabilities of the awarded entities and individuals [4][9] - The award is expected to continuously promote healthy industry development and contribute to the high-quality growth of the capital market amid increasing regulatory demands [4][9]

财务出身的杨武勇跟随白酒"教父"吴向东已有30年。2024年10月，当华致酒行的存货攀至34.63亿元的 高峰，杨武勇"临危受命"，接任公司总经理一职。但与过往几轮白酒周期调整后，成品酒升值的"躺 赢"预期不同。身处此轮名酒价格下行通道，杨武勇自嘲每天"躺赔"。 库存跌价的"烫手山芋"在前，过往经历中几次现金流周转不开的记忆浮现，使杨武勇一上任，便将"去 库存、保稳健"作为头号任务。于是，到了2025年三季报，华致酒行的存货相较一年前减少10个亿，期 间费用节省近两亿元。 白酒行情波动下，受累于厂商之间的零和博弈思维，位于零售神经末梢的流通端，正苦于低周转、低利 润的"搬运工"角色难以为继。 "未来价格不是最重要的，因为总会有人比你便宜。当有平台/店面愿意只赚几块钱、甚至不赚钱来拿下 这一单。注定了价格竞争没有前景。因为消费者越来越注重质价比、心价比。"杨武勇打了一个比 喻，"如果消费者不在乎体验，那去高桥百荣就好了，何必还要去山姆、胖东来？" 国内大量存在的烟酒店老板，正面临来自酒水行业低迷和即时零售渠道逻辑重构的冲击。"过去很多烟 酒店，可能凭借同学搞工程、亲戚当领导的关系资源、地段位置优势、历史沉淀，把 ...

库存跌价的"烫手山芋"在前，过往经历中几次现金流周转不开的记忆浮现，使杨武勇一上任，便将"去 库存、保稳健"作为头号任务。于是，到了2025年三季报，华致酒行的存货相较一年前减少10个亿，期 间费用节省近两亿元。 "酒类流通行业太粗放，不算细账，不干细活。"杨武勇认为，"过去行业遭遇低潮，所有人都知道这只 是暂时的，好的行情会回来。可这两年的挑战，暗示着流通领域的商业逻辑发生重构，很多惯性思维已 不再适用。" 注定要变的预期下，杨武勇反而不再焦虑。"虽然不知道未来会发生什么，但我知道自己要做什么。"其 推动华致优选历经一年多的时间，发展至200家门店规模。并计划深耕区域市场，解决过去华致在全国 酒类流通排首位，下沉地方总掉至第二第三，缺乏区域供应链系统的短板。 尽管作为上市公司的负责人，杨武勇时刻面对着投资者对数据波动的关注压力。但其称自己相信因果， 就像财务报表上的数字，都是过去的表现——"现在的果是过去的因。当下的我们，会在因上努力，果 上随缘。" 财务出身的杨武勇跟随白酒"教父"吴向东已有30年。2024年10月，当华致酒行（300755）的存货攀至 34.63亿元的高峰，杨武勇"临危受命"，接任公司总 ...

Market Overview - The professional chain sector increased by 0.68% on January 23, with Kid King leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Stock Performance - Kid King (301078) closed at 11.10, with a rise of 2.02% and a trading volume of 459,400 shares, amounting to a transaction value of 509 million [1] - Doctor's Eye Glasses (300622) closed at 34.48, up 1.98%, with a trading volume of 161,300 shares and a transaction value of 552 million [1] - Other notable stocks include Tianyin Holdings (000829) at 10.96 (+0.92%), Aiying Room (603214) at 17.96 (+0.84%), and Huazhi Wine (300755) at 17.12 (+0.71%) [1] Capital Flow - The professional chain sector experienced a net outflow of 66.6862 million from institutional investors, while retail investors saw a net inflow of 95.2577 million [1] - Kid King had a net inflow of 19.1417 million from institutional investors, but a net outflow of 6.4777 million from retail investors [2] - Doctor's Eye Glasses saw a net inflow of 11.5552 million from institutional investors, with a net outflow of 703.42 thousand from retail investors [2]

Group 1 - The core point of the article is that Huazhi Wine (300755) reported a total of 16,306 shareholders as of January 20, 2026 [1]

Group 1 - The professional chain sector increased by 0.2% compared to the previous trading day, with Aishide leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Aishide's closing price was 13.64, with a rise of 2.40%, and a trading volume of 578,100 shares, amounting to 794 million yuan [1] Group 2 - The main funds in the professional chain sector experienced a net outflow of 76.12 million yuan, while retail investors saw a net inflow of 62.58 million yuan [1] - Aishide had a net inflow of 59.11 million yuan from main funds, accounting for 7.45% of the total, while retail investors had a net outflow of 67.04 million yuan [2] - Tianyin Holdings saw a net inflow of 44.16 million yuan from main funds, representing 10.19%, but a net outflow of 3.55 million yuan from retail investors [2]