飞天茅台批发价首次跌破1700元，创上市以来新低

Core Viewpoint - The wholesale reference price for 53-degree 500ml Feitian Moutai has dropped to 1690 RMB, marking a new low since its listing and falling below the 1700 RMB threshold for the first time [1] Price Trends - The wholesale price for the original box of Feitian Moutai is reported at 1715 RMB, down 20 RMB from the previous day [1] - Both products have seen a cumulative decline of over 31% from their initial prices of 2220 RMB and 2255 RMB respectively [1] Industry Analysis - According to Guotai Junan's latest research report, while the sales of liquor have shown a month-on-month recovery during the Mid-Autumn Festival and National Day peak seasons, the year-on-year performance remains weak [1] - The industry is currently characterized by "low expectations and weak realities" [1]