Core Viewpoint - Guizhou Moutai announced the launch of a limited edition Moutai Five-Star trademark commemorative liquor, set to go live on the iMoutai platform on August 8, with significant interest from resellers [1][4]. Group 1 - The commemorative liquor is limited to 25,568 bottles, marking the 70th anniversary of the "Five-Star" trademark, with each bottle featuring a unique identity code corresponding to the days from May 1, 1954, to April 30, 2024 [4]. - The expected price for the Moutai Five-Star commemorative liquor is around 7,000 yuan per bottle [4]. - Resellers anticipate potential profit margins, with speculation that prices could exceed 10,000 yuan if demand surges, although prices may eventually decline [6]. Group 2 - Previous limited edition Moutai products, such as the scattered flower flying Moutai, initially priced at 2,699 yuan, saw market prices peak at 15,000 yuan before falling below 3,000 yuan due to increased supply [6]. - The overall sentiment in the white liquor market is currently low, with expectations for the Moutai Five-Star commemorative liquor not being particularly high due to decreased collector interest [6]. - Current prices for other Moutai products on the iMoutai platform are lower than official prices, indicating a trend of declining market values [6].

Group 1 - The core viewpoint emphasizes the resilience of value investors in the face of market fluctuations, focusing on long-term potential rather than short-term noise [1] - Recent price declines in the liquor market are attributed to speculative behavior rather than genuine demand shifts, with expectations of recovery as the Mid-Autumn Festival approaches [2] - The stability of prices for older vintages of Moutai reflects their strong demand for consumption and collection, indicating a shift towards rational pricing in the market [4] Group 2 - The trend of consumers increasingly using Moutai in non-business settings highlights a shift in consumption patterns, with a focus on personal enjoyment and quality [6] - The overall liquor market is witnessing a concentration of demand towards premium brands, with Moutai benefiting from its established reputation and quality during industry adjustments [7] - The cultural products associated with Moutai are experiencing high demand, indicating a growing trend of consumers seeking personal fulfillment through collection and enjoyment [4][6]