KWEICHOW MOUTAI(SH:600519) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-02 02:07Group 1 - The three major indices opened mixed on September 2, with the China Securities Food and Beverage Index rising by 0.38%. Notable gainers included COFCO Sugar and Yunnan Guizhou, both up over 6%, while Kweichow Moutai rose nearly 2% [1] - The Food and Beverage ETF Tianhong (159736) increased by 0.4%, with a net inflow of 86.26 million yuan over the past five trading days. The latest circulation size of the ETF is 5.409 billion yuan [1] - The five major liquor companies reported a total net profit of 85.4 billion yuan in the first half of the year, with Kweichow Moutai alone contributing 45.4 billion yuan, accounting for 53.16% of the total net profit [1] Group 2 - The Food and Beverage ETF Tianhong closely tracks the China Securities Food and Beverage Index, which includes stocks from the beverage, packaged food, and meat industries. Major holdings include Kweichow Moutai, Yili, and Wuliangye [2] - Dongwu Securities suggests that economically related sectors may see upward movement, with potential for rotation into food and beverage, building materials, and chemicals as prices recover under the "anti-involution" policy [2] - Pacific Securities indicates that the liquor industry is at a bottom and awaiting a turning point, with market concerns primarily focused on sales feedback and price transmission. As the pressure from company reports eases, the industry shows signs of recovery [2]