白酒啤酒个股有望情绪修复，新渠道拓展与全球化成为消费品牌新增长路径

Industry Investment Rating - The investment rating for the food and beverage industry is "Outperform the Market" and is maintained [2]. Core Viewpoints - The report highlights that the white liquor and beer stocks are expected to recover in sentiment, with new channel expansion and globalization becoming new growth paths for consumer brands [4][15]. - The recent commentary from People's Daily and Xinhua emphasizes the need for precise regulation of dining practices, distinguishing between normal dining and violations, which is crucial for the industry [15]. - The impact of the new regulations introduced on May 18 is expected to diminish by July-August, allowing for a potential recovery in stock valuations for fundamentally strong companies [5][16]. Summary by Relevant Sections Industry Overview - The food and beverage industry index closed at 16578.62, with a 52-week high of 19809.29 and a low of 14118.56 [2]. Recent Performance - The food and beverage sector's performance for the week was -0.12%, ranking 4th among 30 sectors, outperforming the CSI 300 index by 2.10 percentage points [9][22]. - Among the 10 sub-sectors, only beer and white liquor saw increases, with beer rising by 1.91% [22]. Key Company Announcements - Kweichow Moutai announced a cash dividend of 27.673 yuan per share for the 2024 annual equity distribution [27]. - The company Wuliangye is focusing on market operations and product innovation to maintain its competitive edge [17][18]. Industry Trends - New channel expansion and globalization are identified as critical growth strategies for consumer brands, with significant growth in pet consumption during the 618 shopping festival [20]. - The report notes that traditional supermarkets are undergoing transformations that enhance supply chain development [20]. Market Data Tracking - The dynamic PE for the food and beverage industry is currently at 21.04, indicating a stable valuation environment [22]. - The report tracks various commodity prices, including wheat at 2415.3 yuan/ton and pork at 20.33 yuan/kg, reflecting the current market conditions [33][35].