股息率接近4%，连跌5年的白酒跌成高股息？

Group 1 - The core viewpoint is that the liquor sector in A-shares has recently experienced a collective rise, indicating a potential recovery from previous downturns [2][4] - The China Securities Liquor Index rose nearly 6% over two trading days, with notable gains from companies like JiuGuiJiu and SheDe Liquor [2][5] - The recent policy support aimed at boosting domestic demand is a key driver for the sector's rebound, with significant emphasis on enhancing consumer spending [5][6] Group 2 - The liquor sector has seen a steady recovery since June, with continuous net inflows into liquor funds, totaling over 50 million yuan in the last three trading days [2][4] - The current valuation of the China Securities Liquor Index is at a historical low, with a price-to-earnings ratio of 18.92, indicating potential for future appreciation [6][8] - The sector's dividend yield is competitive, with some companies offering yields above 4%, making it attractive for investors seeking stable returns [8][11] Group 3 - The upcoming traditional sales seasons, such as Mid-Autumn Festival and National Day, are expected to further stimulate demand and sales in the liquor market [5][6] - The recovery of previously suppressed consumption scenarios, particularly in banquet bookings and gift purchases, is contributing to the positive outlook for the sector [5][11] - Institutional investors are shifting focus towards the liquor sector due to its performance certainty and significant valuation safety margin, suggesting a favorable investment environment [11]