食品饮料行业周报：中秋在即，关注需求趋势

Investment Rating - The report maintains an "Overweight" rating for the food and beverage industry [5] Core Insights - The report highlights the upcoming Mid-Autumn Festival and its impact on demand trends in the food and beverage sector [5] - Key industry news includes the launch of Moutai Group's "Quality Month" activities, emphasizing quality as a core value [5][17] - Moutai received the "Global Brand Building Award" at the 2024 Phoenix Star Listed Company Awards, reinforcing its commitment to quality and market expansion [5][17] - Wuliangye is accelerating its internationalization efforts, participating in trade promotion events in Denmark and Finland [5][17] - Jinshiyuan is expanding its production capacity, with new facilities expected to increase total capacity to 78,000 tons by 2025 [5][17] - Six major liquor-producing regions issued a joint declaration to promote cooperation and ecological sustainability [5][17] - The report notes the successful launch of limited edition products and recognition of Yanghe's distillery as a Guinness World Record holder [5][17][18] Summary by Sections 1. Weekly Insights and Investment Recommendations - The report emphasizes structural opportunities in the liquor sector, particularly for high-end and regional wines [9][22] - Recommendations include focusing on companies like Luzhou Laojiao, Jinshiyuan, and others that cater to both high and low-end consumer demands [9][22] 2. Market Performance Review - The SW Food and Beverage Index fell by 3.53%, underperforming the CSI 300 Index, which declined by 2.71% [24] - Among sub-sectors, meat products saw a slight increase, while snacks and soft drinks experienced declines [24] 3. Key Industry Data Tracking - The report tracks significant data in the liquor sector, noting a 5.10% year-on-year decline in national liquor production in July 2024 [34] - The average price for high-end liquor in major cities is reported at approximately 1,220.85 CNY per bottle [34] 4. Cost and Packaging Data Tracking - The report discusses trends in raw material prices and packaging costs, which are critical for the food and beverage industry [20][21] 5. Important Company Announcements - The report summarizes key announcements from various companies, including new product launches and capacity expansions [5][17][18] 6. Industry News - The report covers significant events and developments in the food and beverage industry, including competitions and awards that highlight quality and innovation [5][17][19]