Lates News

CITIC Securities research report indicates that the liquor industry is at a bottom, considering factors such as current inventory, prices, policy impact, recovery of consumption scenarios, and the release of financial reports by listed companies. It is expected that the industry's fundamentals will bottom out in the third quarter of 2025. It is predicted that this quarter will be the period of greatest pressure for industry sales, prices, and market confidence. The second half of this year is expected to be the period of greatest pressure on performance for listed liquor companies. Considering the clear trend of gradual recovery, it is believed that there are good opportunities for bottom allocation in the liquor industry. The beer industry has a lower base in the second half of the year, and it is expected that the performance in the third quarter will remain stable.