天风证券：龙头引领破局，黄酒复兴可期

Core Viewpoint - The yellow wine industry is undergoing a transformation driven by policy support and cultural confidence, focusing on "premiumization, youthfulness, and nationalization" to reshape market perception [1] Industry Summary - The yellow wine market is expected to experience a breakthrough, initiating a revival path for leading companies in conjunction with the industry [1] - The transformation practices of leading companies are centered around achieving success in premiumization and nationalization [1] Company Summary - Two leading yellow wine companies, Kuaijishan (601579) and Guyuelongshan (600059), have made significant progress in premiumization and nationalization, indicating their growth potential [1]