Xin Lang Cai Jing·2026-02-12 01:29Core Viewpoint - The Chinese liquor market is experiencing a structural differentiation in retail prices, with the average price of the top ten products showing a slight increase, indicating varied performance across different price segments [1][6]. Price Trends - The total retail price for a package of the top ten liquor products is 9,186 yuan, up by 3 yuan from the previous day [1][6]. - The market shows a mixed trend with five products increasing in price and five decreasing [7]. - Notable price increases include: - Guizhou Moutai's premium liquor, which rose by 24 yuan per bottle, reaching a 30-day high [7]. - Wuliangye's 58th generation increased by 7 yuan per bottle, marking a one-month peak [7]. - Other products like Guojiao 1573 and Shuijing Jianshan Chun saw increases of 4 yuan and 3 yuan per bottle, respectively [7]. - Decreases were observed in products such as Yanghe Dream Blue M6+, which fell by 15 yuan per bottle, and Guqing Gong Gu 20, which decreased by 9 yuan [7]. Market Data Collection - The daily data for liquor prices is sourced from approximately 200 collection points across various regions, including designated distributors, social distributors, e-commerce platforms, and retail outlets [2][8]. - The data aims to provide an objective and traceable representation of the market prices for well-known liquor brands [2][8]. Market Analysis - JPMorgan recently reaffirmed a positive outlook on the Chinese stock market, emphasizing the potential for cyclical and growth stocks to outperform defensive stocks [2][8]. - The report highlights Guizhou Moutai as a key representative of high-end liquor, along with Wuliangye, as preferred investment targets [2][8].