白酒指数单周重挫近5%，古井贡酒、今世缘等多只白酒股股价创年内新低

Group 1 - The white liquor industry is experiencing a significant downturn, with the white liquor index dropping 4.8% this week and a year-to-date decline of 17.4% [1][2] - Several companies, including Gujing Gongjiu, Jinshiyuan, and Yanghe, have seen their stock prices hit new lows for the year, with Gujing Gongjiu's stock price reaching a five-year low [2][3] - The decline in high-end liquor prices is attributed to limited consumption scenarios, increased pressure on channels for cash flow, and the impact of e-commerce subsidies [1][3] Group 2 - The basic performance of the industry is under pressure, with Moutai's bottle price decreasing by 70 yuan week-on-week, and the original box price down by 90 yuan [3] - The second quarter is expected to show weak fundamentals, with inventory levels increasing post-Duanwu Festival and companies focusing on promotions and destocking [3][4] - Despite the current challenges, there are three positive factors that may support a more optimistic outlook for the industry, including the stabilization of Moutai's wholesale price and the proactive strategies of leading companies [5]