CITIC Securities: Four key areas to focus on in the food and beverage sector.

The Citic Securities Research Report pointed out four key aspects of the food and beverage sector: 1) Baijiu (Chinese liquor). The leading demand is expected to bottom out and rebound, with inventory reduction. 2) Low-alcohol beverages. Beer sales rebounded, with improvements in gross profit and net profit. It may have entered the right side area. Yellow wine is relatively prosperous, with leading enterprises expanding their advantages, leading the industry towards high-end development. 3) The dining chain has diversified leading products and channel layouts. 4) Snacks maintain high prosperity, with new products and channels continuously contributing incremental growth, and konjac products selling well.