23家消费龙头集体爆雷！白酒零食全崩了，19家企业半年巨亏

Group 1 - The consumer market faced unprecedented challenges in the first half of the year, with 19 out of 23 leading consumer companies reporting losses, affecting sectors like liquor, snacks, and dairy [2] - High-end liquor brands are experiencing significant declines, with companies like Jiu Gui Jiu reporting a 93% drop in net profit and a 43% decrease in revenue, while Moutai's bottle price fell from 3000 yuan to 1780 yuan [4][5] - The demand for business banquets has decreased by 80%, leading to inventory issues and management instability within liquor companies, with some experiencing up to 900 days of inventory [4][5] Group 2 - The snack industry is also heavily impacted, with companies like Qiaqia Foods seeing a 76% drop in net profit due to external factors like weather and rising costs, alongside a shift in consumer purchasing behavior towards discount stores and live-streaming sales [5][7] - Liuyin Pupu reported a direct loss of 100 million yuan in the first half of the year, facing a "double decline" in both sales and prices, leading to store closures and significant price cuts [5][7] - The overall consumer sentiment remains weak, with major shareholders of companies like Liuyin Pupu and Qiaqia selling off stakes, indicating a lack of confidence in the market [9] Group 3 - Liquor companies are struggling with strategic shifts towards low-alcohol products, facing technical challenges and lower profit margins compared to high-alcohol products [7][8] - Qiaqia's attempts to expand into Southeast Asia and introduce new products have not yielded significant results, highlighting difficulties in adapting to market changes [8] - The ongoing consumer downturn is affecting not only listed companies but also small businesses, with the duration and depth of this downturn remaining uncertain [9]