白酒指数重回跌势，今世缘股价低迷因业绩显露增长“疲态”？丨酒市周报

Group 1 - The white liquor industry continues to experience low-level fluctuations, with the Wind white liquor index showing a weekly decline of 1.17%, and stocks like Yingjia Gongjiu and Jinshiyuan seeing significant drops [1][2][5] - Since the second quarter, four white liquor stocks have seen declines exceeding 10%, indicating that the white liquor sector remains the weakest segment in the overall liquor industry [2][5] - Despite the overall decline, leading companies like Kweichow Moutai and Shanxi Fenjiu have shown resilience, with Moutai's market value increasing by 28.83 billion yuan this week [5][6] Group 2 - Jinshiyuan, a representative of high growth in regional white liquor, has shown signs of performance fatigue, with its stock price declining over 10% since the second quarter [6][7] - The slowdown in Jinshiyuan's growth is attributed to its underperformance in expanding outside its home province, with its out-of-province revenue accounting for only 8.02% of total revenue in 2024 [7][8] - The company is now focusing on optimizing its sales organization for out-of-province markets, particularly targeting areas surrounding Jiangsu to enhance market share [7][8]