全球啤酒变革启示：中国的三大战略进阶

研究报告 ResearchReport 21 Dec 2025 中国必需消费 China (A-share) Staples 全球啤酒变革启示：中国的三大战略进阶 Enlightenment from Global Beer Industry Transformation: China's Three Strategic Leaps [Table_yemei1] Investment Focus | 股票名称 | 评级 | 股票名称 | 评级 | | --- | --- | --- | --- | | 贵州茅台 | Outperform 古井贡酒 | | Outperform | | 贵州茅台 | Outperform 今世缘 | | Outperform | | 五粮液 | Outperform 安琪酵母 | | Outperform | | 五粮液 | Outperform 燕京啤酒 | | Outperform | | 海天味业 | Outperform 迎驾贡酒 | | Outperform | | 海天味业 | Outperform 安井食品 | | Outperform | | 山西汾酒 | Ou ...