A股白酒股走强，山西汾酒涨超4%，国泰海通称白酒股价或先于需求侧出现拐点

Core Viewpoint - The A-share market is witnessing a strong performance in the liquor sector, particularly with notable gains in stocks such as Gujing Gongjiu, Yilite, and Shanxi Fenjiu, indicating a positive trend in the industry [1] Industry Summary - The liquor stocks have shown significant increases, with Gujing Gongjiu rising over 6%, Yilite over 5%, and several others including Shanxi Fenjiu and Yingjia Gongjiu rising over 4% [1] - Guotai Junan Securities has released a report indicating that policy variables are accelerating the clearing process in the liquor industry, with expectations that the industry will reach its performance bottom by the first half of 2026 [1] - The report suggests that liquor stock prices may experience a trend reversal ahead of demand-side changes, indicating a potential early recovery in the market [1] - The industry logic is undergoing a transformation, with market share logic gradually replacing volume and price logic, suggesting a shift in how the industry operates [1] - The long-term perspective highlights the potential of liquor as a "quasi-debt asset," emphasizing its stability and investment appeal [1]