大消费活跃 一是当地时间周一，美股因马丁·路德·金纪念日休市，周二恢复正常交易。美股股指期货今天大跌，市场对周二美股表现产生担忧情绪，今天上午亚太股 市多数表现不佳。 消息面上，新华社报道，美国总统特朗普17日在社交媒体上发文，宣布美国将从2月1日起对丹麦、挪威、瑞典、法国、德国、英国、荷兰和芬兰的输美商 品加征10%关税。 二是市场资金面的变化。首先是从1月15日以来，大盘成交额快速萎缩。其次是融资余额结束10连增，数据显示，截至1月19日，A股市场融资余额报 27059亿元，较前一日减少85亿元。2026年以来，截至1月16日，A股市场融资余额已连续10个交易日增长。此外，近期多只宽基ETF持续放量，包括沪深 300ETF华泰柏瑞（510300）、上证50ETF（510050）、科创50ETF易方达（588080）、沪深300ETF易方达（510310）等。 三是商业航天概念降温。 截至上午收盘，上证指数下跌0.3%，深证成指下跌1.22%，创业板指下跌1.83%。 今天上午，指数明显波动。上证指数盘中一度跌破4100点，最大跌超0.8%，之后迎来震荡修复，跌幅收窄。盘面上，科技股回调，算力产业链大跌。大 ...

Market Overview - The Shanghai Composite Index experienced significant volatility, dropping below 4100 points with a maximum decline of over 0.8%, before narrowing its losses [1] - The technology sector faced a pullback, particularly in the computing industry chain, while sectors such as consumer goods, high-dividend assets, and chemicals saw gains [1] Market Fluctuation Reasons - The U.S. stock market was closed on Martin Luther King Jr. Day, leading to concerns about its performance upon reopening, which negatively impacted the Asia-Pacific markets [2] - A notable decrease in market liquidity was observed, with the A-share market's financing balance reported at 27,059 billion yuan, down 8.5 billion yuan from the previous day, ending a 10-day increase [2] - The commercial aerospace concept has cooled down, contributing to the overall market decline, with the Shanghai Composite Index down 0.3%, Shenzhen Component Index down 1.22%, and ChiNext Index down 1.83% [3] Consumer Sector Activity - The consumer sector showed strong performance, with significant gains in beauty care, food processing, and liquor manufacturing [6] - The stock of Pop Mart surged, positively influencing the new consumption sector. On January 19, Pop Mart announced a repurchase of 1.4 million shares for approximately 251 million HKD, with prices ranging from 177.7 HKD to 181.2 HKD per share [7] - Recent favorable policies have been released, including a meeting on January 16 focused on boosting consumption and a commitment to expand domestic demand [8] - Analysts suggest that the consumer sector is in a phase of "policy catalysis + peak season drive," with opportunities in essential and discretionary consumption expected to continue improving [9] AI for Science Sector - The AI for Science (AI4S) concept saw active performance, with leading stocks like Zhizhi New Materials rising over 17%, alongside significant gains in other related stocks [11] - Analysts from CITIC Securities noted that advancements in model capabilities and cost reductions are accelerating the commercialization of AI applications [11] - Open Source Securities highlighted the competitive landscape among major AI model companies, suggesting that the commercialization of AI applications could open up growth opportunities across various sectors [11]

武大靖，作为中国短道速滑队的领军人物，不仅是短道速滑男子500米世界纪录和奥运纪录保持者，更 是连续在2018年平昌冬奥会与2022年北京冬奥会上斩获金牌的"双奥冠军"。赛场上，他以惊人的爆发力 和永不言弃的坚韧意志，一次次突破极限、为国争光，"更快的速度"、"更强的力量"是他驰骋冰场、屡 创佳绩的硬核标签。 五粮特曲秉承酿造"冠军品质"，也是名副其实的"双料冠军"。2013年，在中国食品工业协会白酒国家评 委年会上，五粮特曲荣获"2013年度中国白酒酒体设计奖"，名列浓香型白酒榜首；2018年，在中国国际 酒业博览会上，五粮特曲再获细分价格带"盲评冠军"。两项冠军荣誉既是行业对其品质的权威认可，也 见证了特曲在专业赛道上的持续精进。 以冠军标准，酿更好特曲 五粮特曲始终以"更好的特曲，给只为更好的你"为品牌主张。作为五粮液旗下战略品牌，它坚守传统酿 造工艺，在品质上不断自我超越，以精益求精的态度酿造每一滴白酒。正如武大靖在训练与比赛中不断 突破自我、追求更快更强，五粮特曲也以同样的冠军标准，在酒液中注入了匠心与诚意。 双向奔赴，让年味浓起来 2026年1月18日，五粮液旗下战略品牌——五粮特曲正式官宣：短道 ...

文丨谏策战略咨询 刘圣松 王惠文 打开抖音、微信或小红书，白酒品牌的身影无处不在。从行业巨头到区域品牌"付费投流"已成为白酒线上营销的标准动作。然而，一个普遍现象正在浮 现，投放预算相同的情况下，带来的转化率、互动率与品牌搜索量却在下滑。竞价成本攀升，用户对广告的"免疫"不断提高，边际效应递减已成事实。 这一现象背后，是白酒品牌必须正视的战略拐点，当"付费流量"的杠杆效应减弱，如何构建不依赖持续烧钱的"有机增长"体系，已成为决定品牌线上生命 力的关键命题。 白酒"付费投流"为何遭遇天花板？ 1、成本困局：竞价水涨船高，赛道日益拥挤 白酒一直是各大平台广告投放的"大户"。随着入局者增多，关键词竞价、信息流广告的CPM和CPC持续攀升。尤其是旺季期间，头部品牌的高强度预算竞 争，直接推高了全行业的流量采买门槛。 2、资产困局：流量如租客，品牌无积累 付费投流的本质是"租用流量"，一旦停止支付投放预算，流量马上会消失，导致品牌无法拥有真正属于自己的，可以反复触达和高度信赖的用户关系与品 牌资产，在每一次营销周期都必须"买"一次用户的注意力，使品牌陷入"流量打工"的怪圈，无法形成资产的复利增长。 从"流量购买"到"有 ...

Core Viewpoint - The collaboration between Water Well and the Temple of Heaven celebrates over 600 years of cultural heritage, emphasizing the significance of wine in Chinese New Year celebrations and the connection between traditional rituals and modern festivities [1][2][4]. Group 1: Historical Significance - The Temple of Heaven, built over 600 years ago, served as the highest stage for state sacrifices during the Ming and Qing dynasties, with over 650 recorded ceremonies [2][3]. - Water Well, located in Chengdu, has been brewing exceptional wine since the late Yuan and early Ming dynasties, embodying the cultural essence of the Temple of Heaven [2][3]. Group 2: Product Launch - Water Well and the Temple of Heaven have jointly launched a New Year auspicious wine, available in two special sizes: 2026ml and 606ml, to commemorate their shared history [6][7]. - The limited edition of 2026 bottles for the large size and the special gift box for the Year of the Horse signifies a blend of cultural heritage and modern marketing [6][7]. Group 3: Consumer Engagement - The campaign encourages nationwide participation through interactive mechanisms, allowing consumers to engage in a "good luck" initiative with opportunities to win prizes [8]. - The concept of the "first cup of good luck" is designed to resonate with consumers, linking the act of drinking wine to cultural traditions and personal celebrations [8][9]. Group 4: Brand Philosophy - Water Well aims to deepen its brand proposition of "drinking fine wine to celebrate good moments," positioning itself as a preferred choice for various celebrations throughout the year [9][10]. - The brand's rich heritage and commitment to quality have established it as a leader in the high-end Chinese liquor market, responding to modern consumers' desires for meaningful emotional connections [10][11].

Group 1 - The core viewpoint of the news is that several listed companies have received target price upgrades from brokers, with notable increases for Guizhou Moutai, Zhongji Xuchuang, and Milkway, reflecting strong market confidence in these companies [1][2]. Group 2 - On January 19, the companies with the highest target price increases were Guizhou Moutai (35.17%), Zhongji Xuchuang (31.96%), and Milkway (29.95%), belonging to the liquor, communication equipment, and logistics industries respectively [1][2]. - A total of 17 listed companies received broker recommendations on January 19, with Zhongsheng Pharmaceutical receiving two recommendations, while Inner Mongolia Huadian and Foreign Service Holdings received one each [2][3]. Group 3 - Three companies received their first coverage from brokers on January 19: Foreign Service Holdings (rated "Buy" by Zhongyin International Securities), Qianli Technology (rated "Buy" by Dongwu Securities), and Zhongsheng Pharmaceutical (rated "Recommended" by Guolian Minsheng Securities) [3][4].

直播中，吴向东从阿布辛贝神庙、可可西里、安东尼奥·高迪建筑作品等世界遗产感人故事说起，将世 界遗产保护和申报议题带入大众视野。他表示，世界遗产是人类智慧的结晶，是宇宙自然馈赠给人类社 会的珍宝，它们能留存至今，背后是无数人用智慧、汗水甚至生命守护，值得永远铭记并不断提及，他 呼吁每个人都能成为人类遗产的传承者。 1月18日，第二届白酒申遗共创联盟高峰会在江西景德镇举行，珍酒李渡集团董事长吴向东出席并以 《人类遗产那些事儿》为题，开启第六场大型直播，吸引全网659万人观看，最高同时在线人数21.35 万。 吴向东介绍，2006年起，中国白酒就启动了申遗工作，目前主要以茅台、李渡、五粮液、汾酒等组成 的"中国白酒七子"，通过工业遗址推进申遗。 现阶段世界遗产评定重点关注亟需保护的濒危项目，而中国白酒产业规模大、发展态势好，在申遗紧迫 性上不占优势。吴向东建议尝试更多申报路径，如借鉴法国勃艮第产区"风土气候"申遗经验，将酿 酒"古老微生物菌群"作为重要申报内容。他表示，中国白酒酿造涉及300多种细菌，仅酱酒发酵的芽孢 杆菌种类就高达70多种，远超世界其他蒸馏酒，这种区别于其他酒类酵母发酵的复杂微生物体系，正是 白酒 ...

"中国人民银行业务骨干细致入微的讲解让我们了解到跨境人民币结算的优势。"宜宾某晶硅光伏企业负 责人表示。该公司是宜宾重点产业企业，在了解到该企业的货物出口结算需求后，中国人民银行宜宾市 分行主动对接，组织相关银行安排专员上门进行"一对一"指导，帮助企业完成首笔跨境人民币交易，实 现跨境人民币结算6.59亿元。"跨境人民币结算帮助我们有效规避了汇率波动风险，资金到账明显加 快，财务管理更加便捷。"该企业负责人对记者感叹道。 此外，该行积极拓展结算区域新格局，依托香港离岸人民币中心优势，建立"涉港重点企业"名单，指导 银行逐户开展"政策+产品"精准对接。2025年1月至10月，全市与香港地区跨境人民币结算达70.7亿元， 占宜宾跨境人民币结算总量近八成。积极推进跨境支付通业务在宜宾上线，实现本地居民与香港跨境汇 款"零成本、秒到账"，办理北向通136笔、南向通1117笔。主动服务和融入共建"一带一路"倡议，聚焦 贸易投资便利化目标，全面摸排共建"一带一路"国家的贸易需求、优化结算流程，推动全市与30余 个"一带一路"共建国家和地区跨境人民币结算规模达12.2亿元。 中国人民银行宜宾市分行充分发挥政策引领作用，联合 ...

1月20日消息，三大指数集体高开，能源金属板块涨幅居前。截至今日开盘，沪指报4116.37，涨0.06%；深成指报14307.55 点，涨0.09%；创指报3340.46点，涨0.09%。 消息面： 1、国务院总理李强1月19日下午主持召开专家、企业家和教科文卫体等领域代表座谈会，听取对《政府工作报告》和 《"十五五"规划纲要（草案）》两个征求意见稿的意见建议。李强指出，要拓宽高质量发展的实现路径，强化创新驱动，深化 改革开放，把发展的战略基点放在扩大内需上，不断增强发展的内生动力。 10、水井坊发布业绩预告，预计2025年净利润为3.92亿元，与上年同期相比下降71%；天合光能公告，预计2025年净亏损 65亿元到75亿元。 11、成都华微公告，2025年净利同比预增74%-109%，Q4净利预计环比增长458%-614%。湖南裕能公告，2025年净利同比 预增94%-136%；鼎通科技公告，2025年净利同比预增120%。 12、易点天下公告，停牌核查结束，今起复牌。 2、今日上午10时，国新办将举行新闻发布会，请国家发展改革委副主任王昌林介绍落实中央经济工作会议精神，推动"十 五五"实现良好开局有关情况 ...

【点击进入酒价内参，查看真实酒价】 来源：酒业内参 新浪财经"酒价内参"过去24小时收集的数据显示，中国白酒市场十大单品的终端零售均价在1月20日迎 来普遍回升，自低位反弹创下五天来新高。如果十大单品各取一瓶整体打包售卖，今日总售价为8915 元，较昨日上涨44元。核心单品价格在低位区间内小幅修复，市场运行仍以结构性波动为主。 今日市场普涨，十大单品呈现八涨两跌格局，结构与昨日相比实现逆转，但量能上仍未放量。青花郎领 涨，价格环比上涨达12元；习酒君品紧随其后上涨11元；古井贡古20环比上涨9元；洋河梦之蓝M6+、 精品茅台各上涨5元；国窖1573上涨4元；青花汾20和水晶剑南春分别小涨2元、1元。下跌产品方面，飞 天茅台和五粮液普五八代分别下跌3元、2元。 "酒价内参"的每日数据源自全国各大区均有合理分布的约200个采集点，包括但不限于酒企的指定经销 商、社会经销商、电商平台和零售网点等，原始取样数据为过去24个小时中各点位经手的真实成交终端 零售价格，力求为社会各界提供一份关于知名白酒市场价格的客观、真实、科学、全程可追溯的数据。 随着元旦官方i茅台平台开始出售1499元/瓶的飞天茅台，以及1月9日开始出 ...