Sou Hu Cai Jing·2025-05-19 14:22Group 1 - The A-share liquor sector experienced a collective decline, with Kweichow Moutai falling 2.18% to 1578.98 yuan per share, bringing its market value below 2 trillion yuan [2] - The newly revised "Regulations on Strict Economy and Opposition to Waste by Party and Government Agencies" prohibits high-end dishes, cigarettes, and alcohol at official meals, which may tighten the liquor consumption market [2] - Analysts indicate that government consumption of liquor has significantly decreased, with its share being less than 5% post the 2012 regulations [2] Group 2 - The decline in the liquor sector is seen as normal due to seasonal sales and high inventory levels, although the liquor industry is still considered a long-term investment opportunity [2] - The market is gradually recovering from panic, with companies exploring new consumption scenarios, such as Moutai's "youth strategy" and the launch of the "i Moutai" digital platform [3] - The overall performance of liquor stocks is expected to slow down in 2024, as the industry undergoes a deep adjustment period [3]