食品饮料行业周报：政策积极扩大国内需求，信心回升板块修复可期

Investment Rating - The report maintains an investment rating of "Recommended" for the food and beverage industry, highlighting the sector's potential for recovery due to favorable domestic policies and improved consumer confidence [1][28]. Core Insights - The food and beverage sector has shown a significant increase, with a weekly growth rate of +26.06%, outperforming the Shanghai Composite Index by +13.24 percentage points. Key sub-sectors such as liquor (+29.49%), dairy (+24.33%), and processed foods (+21.96%) led the gains [1][28]. - The report emphasizes that recent macroeconomic policies aimed at boosting domestic demand are expected to enhance consumer spending power, marking a potential turning point for the food and beverage industry [1][28]. Summary by Relevant Sections Market Performance - From September 23 to September 27, the food and beverage index ranked first among 31 sectors, with notable increases in various sub-sectors, including liquor and dairy [9][28]. Price Fluctuations - The report details price movements for key products, such as the fluctuation of Moutai prices, which saw a drop to 2200 CNY per bottle before rebounding to 2260 CNY [15][28]. Industry News - Significant developments include the opening of a duty-free store by Wuliangye in Sanya, which aims to enhance brand visibility and cater to diverse consumer needs [23][24]. - The report also notes the increase in profits for the liquor, beverage, and refined tea manufacturing sector, which saw a profit growth of 11.2% year-on-year [23][24]. Key Company Recommendations - The report suggests focusing on leading companies such as Kweichow Moutai (600519.SH), Wuliangye (000858.SZ), and Yili (600887.SH) due to their strong market positions and expected recovery in consumer demand [1][28][29].