Zheng Quan Shi Bao Wang·2025-06-20 02:37Company - The stock prices of liquor companies surged on the 20th, with Huangtai Liquor reaching the daily limit, Jinzhongzi Liquor rising over 8%, and other brands like Yingjia Gongjiu, Yanjing Beer, and Gujing Gongjiu increasing by over 4% [1] - Jinzhongzi Liquor announced a change in its business scope from "production of liquor and other alcoholic beverages" to "production of alcoholic products" to comply with the new regulatory requirements, emphasizing that there is no change in its main business focus on liquor [1] Industry - The liquor industry is currently in an adjustment period, facing short-term pressure from policies and pricing, leading to a gloomy sentiment in the sector [1] - The implementation of "prohibition orders" in multiple regions since May has heightened market concerns regarding liquor, with strict enforcement of regulations affecting time and scenarios for consumption [1] - Long-term, new policies are expected to drive the transformation and upgrading of the liquor industry, focusing on quality innovation to meet diverse consumer demands [2] - The liquor sector is currently at a valuation bottom, with low expectations for fundamentals, making it more attractive for investment after a rapid decline [2] - The competition within the liquor industry is intensifying, with a trend towards concentration, where leading companies are expanding their market share through brand barriers and strategic upgrades [2]