Group 1 - The core point of the news is the performance of Gu Yue Long Shan, which saw a stock price increase of 5.22% to 10.48 CNY per share, with a trading volume of 175 million CNY and a turnover rate of 1.86%, resulting in a total market capitalization of 9.553 billion CNY [1] - Gu Yue Long Shan is primarily engaged in the manufacturing, sales, and research of Huangjiu (yellow wine), with 98.37% of its revenue coming from the production and sale of alcoholic beverages and raw materials [1] - The company was established on May 8, 1997, and was listed on May 16, 1997, located in Shaoxing City, Zhejiang Province [1] Group 2 - Among the top ten circulating shareholders of Gu Yue Long Shan, a fund under Penghua Fund has increased its holdings by 1.4892 million shares, bringing its total to 13.2731 million shares, which accounts for 1.46% of the circulating shares [2] - The Wine ETF (512690) has a total scale of 12.64 billion CNY and has experienced a loss of 3.09% this year, ranking 4202 out of 4218 in its category [2] - The Wine ETF was established on April 4, 2019, and has generated a return of 62.32% since its inception [2]

Group 1 - The core point of the article highlights the recent performance of Yongshuntai, which saw a 5.5% increase in stock price, reaching 12.08 CNY per share, with a trading volume of 1.10 billion CNY and a turnover rate of 3.97%, resulting in a total market capitalization of 60.61 billion CNY [1] - Yongshuntai, established on December 20, 2017, and listed on November 16, 2022, primarily engages in the research, production, and sales of malt, with its main revenue sources being 96.03% from malt product sales, 2.35% from by-products and raw materials, 1.59% from export shipping and management consulting services, and 0.04% from other sales [1] Group 2 - Among the top ten circulating shareholders of Yongshuntai, a fund under Penghua Fund has increased its holdings in the Wine ETF (512690) by 764,400 shares in the second quarter, now holding 4.8838 million shares, which accounts for 2.07% of the circulating shares, resulting in an estimated floating profit of approximately 3.0768 million CNY [2] - The Wine ETF (512690), established on April 4, 2019, currently has a total scale of 12.64 billion CNY, with a year-to-date loss of 3.85%, ranking 4203 out of 4220 in its category, and a one-year loss of 7.14%, ranking 3834 out of 3857, while it has achieved a total return of 61.04% since inception [2]

Economic Data and Market Performance - May economic data indicates a shift in growth momentum from exports and investments to consumption, with retail sales growth reaching a high point for 2024, exceeding market expectations [4] - The A-share market has shown a significant decrease in trading volume, with the average daily turnover falling below 1.3 trillion yuan for five consecutive days [1] - The major indices experienced collective declines, with the Shanghai Composite Index down 0.51% and the Shenzhen Component Index down 1.16% as of June 20 [2] Defensive Market Sentiment - Defensive sectors, particularly liquor and banking, have shown strong performance amidst market adjustments, with companies like China National Heavy Duty Truck and Shanxi Fenjiu seeing weekly gains exceeding 5% [2] - The banking sector, including China Bank and Construction Bank, saw significant market capitalization increases, with China Bank's market cap rising by 229.14 billion yuan [2] New Index Components - The recent adjustment of the Every Day Brand 100 Index included nine new companies, with Gujing Gongjiu showing a notable weekly increase of 4.4% [5] - Vipshop, another new component, also experienced a slight increase in stock price, highlighting its strong position in the discount retail sector [5] Investment Opportunities in the Liquor Sector - The liquor industry is currently in a recovery phase, with potential investment opportunities as defensive sectors regain investor interest [6] - The liquor ETF has seen a year-to-date decline of 9.42%, but its share count has increased by 15.07 million, indicating continued investor interest despite market challenges [6] Key Stocks in the Liquor Index - Major stocks in the liquor index, such as Kweichow Moutai and Wuliangye, account for over 50% of the index's weight, reflecting their significant influence on market performance [9]