12月16日，今日酒价最新披露数据显示，飞天茅台散装批发价格为1550元/瓶，与上一日一致。 此前12月12日，飞天茅台（散）批发价一度跌至1485元/瓶，这也是茅台首次跌破指导价。随后传出茅台将推出"控量稳价"系列政策，飞天茅台（散）批发 价连续跳涨至1570元/瓶，贵州茅台股价也连续两个交易日反弹。 华创证券食饮行业分析师欧阳予表示：于白酒行业、茅台稳价决定行业天花板高度、五粮液决定行业出清速度。"茅五"亮经营牌后，市场情绪应有修复。建 议把握节前白酒修复行情。中长期看，未来半年仍是绝对收益资金布局白酒周期的区间。 截至目前，持有贵州茅台、五粮液的相关ETF： 食品饮料ETF（515170.SH）最新持有贵州茅台仓位17.93%，持有五粮液仓位14.14%。 | 品名 | 规格 | 昨日行情 | 今日行情 | | --- | --- | --- | --- | | ② 25年飞天(原) | 53度/500m | 1560 | 1560 | | の 25年で天(散) | 53度/500ml | 1550 | 1550 | ...

Group 1 - The report from Huachuang Securities suggests seizing the opportunity in the pre-festival liquor recovery market, with a focus on Guizhou Moutai (600519.SH) due to its low performance risk and proactive strategies [1] - Moutai's channel confidence is expected to recover as the price of its product "Feitian" has rebounded from around 1500 yuan to approximately 1600 yuan after addressing market concerns [1] - The company plans to halt the release of Moutai quotas that were not completed in the 2025 plan and may further reduce the supply of high-value Moutai products to enhance prices and support distributor profits [1] Group 2 - Wuliangye is implementing significant subsidies to support channel turnover, including a price adjustment for its "Pu Wu" product to 900 yuan, marking the first change in payment policy since 2014 [2] - The company is offering various rewards to distributors, which can cumulatively provide nearly 100 yuan per bottle in subsidies, thereby enhancing channel profitability [2] - Wuliangye is also focusing on digital management and has established agreements with liquor stores to strengthen the channel-terminal service system [2] Group 3 - The current market dynamics indicate that Wuliangye's willingness to adjust prices and clear inventory is commendable, as changes are essential for navigating the challenges in the liquor industry [3] - The key to overcoming the current difficulties lies in providing subsidies to distributors while increasing promotional investments to stimulate consumer purchases [3] Group 4 - The liquor industry is expected to see volume growth precede price increases, with Moutai stabilizing prices and Wuliangye influencing the speed of market clearing [4] - After the Spring Festival, it is anticipated that Moutai and Wuliangye will stabilize their prices and manage inventory effectively, which will be crucial for other liquor companies to strategize their pricing and inventory management [4]