Mei Ri Jing Ji Xin Wen·2025-06-02 11:58Group 1 - The white liquor sector is experiencing a decline, with the WIND white liquor index showing a weekly drop for three consecutive weeks, while the beer sector is on an upward trend, with all beer stocks achieving gains [1][2] - Major white liquor stocks such as Luzhou Laojiao, Shanxi Fenjiu, and Guizhou Moutai have seen significant weekly declines, with Guizhou Moutai's market value decreasing by 63.6 billion yuan [2][4] - In contrast, the WIND beer index has achieved a four-week winning streak, with a weekly increase of approximately 3.86%, and all beer stocks reporting gains [4][7] Group 2 - The "seesaw effect" between the white liquor and beer sectors has become evident since May, with investors favoring the beer sector during the downturn of the white liquor sector [2][8] - The white liquor index recorded a monthly decline of 2.65% in May, underperforming the food and beverage index, indicating a challenging environment for the white liquor industry [8][9] - High-end liquor companies like Guizhou Moutai and Wuliangye exhibit high gross margins and low marketing expenses, while some regional brands face pressure on profitability due to increased competition and lower brand strength [9]