2 1 Shi Ji Jing Ji Bao Dao·2025-12-25 06:14Group 1 - The core viewpoint of the news is that the liquor stocks experienced a rebound on December 25, with the China Securities Food and Beverage Index rising by 0.80% in the afternoon, driven by strong performances from stocks like Shui Jing Fang, Jin Da Wei, and Jiu Gui Jiu [1] - The Tianhong Food and Beverage ETF (159736) saw significant trading activity, with a transaction volume exceeding 14 million yuan, indicating investor interest in high-end liquor stocks and related sectors [1] - A new national food safety standard will be implemented on March 16, 2027, requiring the labeling of saturated fats and sugars on pre-packaged food products, which could impact consumer purchasing behavior in the food and beverage sector [1] Group 2 - According to Galaxy Securities, the food and beverage index experienced a slight pullback in December, attributed to the timing of the Mid-Autumn Festival affecting sales data and potential revenue pressures in Q4 due to the late Spring Festival stocking period [2] - Within the sector, snacks, condiments, and pre-packaged food indices achieved small positive returns, suggesting some resilience in these sub-segments despite overall market challenges [2] - The outlook for 2026 remains optimistic for new consumption trends, with expectations of internal rotation, while traditional consumption is anticipated to show signs of bottoming out [2]