CCB Principal CSI Beverage Theme ETF

Citi Downgrades Tsingtao Beer's Net Profit Forecast, Raises Target Price to HKD76.1

Rui Zhen Life Insurance Increases Holdings in Tsingtao Brewery H Shares at Year-End

RLIC Increased Its Stake in Tsingtao Brewery to 5%

Tsingtao Brewery Plans to Invest Up to 10 Billion RMB in Wealth Management Over 12 Months

Fujian Province Exports $1.44 Billion Worth of Alcoholic Beverages and Drinks in Jan-Oct

Tsingtao Brewery Responds to Diversification Strategy and Market Capitalization Management

Tsingtao Brewery Continues to Expand Market and Actively Cultivate New Sources of Economic Growth

Tsingtao Brewery repurchased 1667 A-shares

Jinshi Shenhe (Guizhou) Digital Technology Equity Investment Partnership Founded

Tsingtao Beer White Beer Pioneers Among Young Chinese Consumers

Kweichow Moutai Plans Share Repurchase to Cancel and Reduce Registered Capital

Moutai Establishes Strategic Cooperation with Joybuy and Sells Multiple Moutai Products on Joybuy UK Website

Deutsche Bank Adjusts Profits and Target Price for Tsingtao Beer for 2025-2027

Goldman Sachs Downgrades Qingdao Brewery's 2025-2027 Profit Forecasts and Target Prices

BOC International Reports: Tsingtao Beer's Performance Below Expectations, Maintains Buy Rating

CBI cuts profit forecast and target price for Tsingtao Brewery

CBC released FY2025 Q3 earnings on October 30 During-Market (BJT), actual revenue CNY 4.22 B (forecast CNY 4.183 B), actual EPS CNY 0.7707 (forecast CNY 0.74)

Yanghe released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue CNY 3.295 B (forecast CNY 3.633 B), actual EPS CNY -0.2447 (forecast CNY 0.5287)

Gu Jing released FY2025 9 Months Earnings on October 30 After-Market (BJT), actual revenue CNY 16.42 B, actual EPS CNY 7.4942

LZLJ released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue CNY 6.674 B (forecast CNY 5.919 B), actual EPS CNY 2.101 (forecast CNY 2.0203)

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Wallstreetcn

Moutai

To solve the price inversion, Moutai "cuts" the ex-factory price of core products

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ACGBY

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BACHY

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According to statistics, as of the close on December 31, 2025, the total market capitalization of A-shares (including only the A-share portion) exceeded 108 trillion yuan, setting a new record high at year-end. Agricultural Bank of China surpassed Industrial and Commercial Bank of China in market capitalization for the first time this year, becoming the new A-share market capitalization champion with a scale of approximately 2.45 trillion yuan. This year, there are 7 stocks in the A-share market with a market capitalization exceeding 1 trillion yuan, namely Agricultural Bank of China, Industrial and Commercial Bank of China, Moutai, China Petroleum, CATL, Foxconn Industrial Internet, and Bank of China

Agricultural Bank of China

Bank of China

Bank Of China

BANK OF CHINA

ICBC

Seven A-shares have a market value exceeding one trillion, with Agricultural Bank of China at 2.45 trillion topping the list

Moutai sets the tone for 2026: Respect market rules, dealers say goodbye to "lying down to win"

The wholesale price of Feitian Moutai has dropped to 1,520 yuan per bottle within two years, approaching the official guide price, with a decline of 43%. There are market rumors that Moutai has stopped supplying, but in fact, the distributors have completed their contractual obligations. The era of price difference dividends has ended, and distributors are facing challenges of price decline and breaking through

The latest price is 1,520 yuan, the wholesale price of Feitian Moutai has dropped by 43% in two years, the myth of dealers lying down to win has been shattered, who is swimming naked when the tide goes out?

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WLY released its third-quarter report for 2025, with operating revenue for the first three quarters at 60.945 billion yuan, a year-on-year decrease of 10.26%; net profit attributable to shareholders was 21.511 billion yuan, a year-on-year decline of 13.72%; net profit excluding non-recurring gains and losses was 21.495 billion yuan, a year-on-year decrease of 13.44%; basic earnings per share were 5.542 yuan

Zhitong

WLY released its performance for the first three quarters, with a net profit attributable to the parent company of 21.511 billion yuan, a decrease of 13.72%

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Luzhou Laojiao released its third-quarter report for 2025, with operating revenue for the first three quarters at 23.127 billion yuan, a year-on-year decrease of 4.84%; net profit attributable to the parent company was 10.762 billion yuan, a year-on-year decline of 7.17%; net profit excluding non-recurring gains and losses was 10.742 billion yuan, a year-on-year decrease of 7.11%; basic earnings per share were 7.31 yuan

LZLJ

Luzhou Laojiao released its performance for the first three quarters, with a net profit attributable to the parent company of 10.762 billion yuan, a decrease of 7.17%

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China Galaxy Securities released a research report indicating that the overall performance of the food and beverage industry in September was weak, with liquor sales declining by 20%-30% during the Mid-Autumn Festival and National Day. Despite the sluggish demand for business banquets, mass consumption and gatherings remained relatively strong. During the National Day holiday, inter-regional mobility reached a historical high, driving a marginal weak recovery. The market will focus on the third-quarter earnings reports, and related high-performing stocks and sectors are worth paying attention to

YouYou Foods

CHINA RES BEER

JINZAI FOOD

Yanjing Brewery

China Galaxy Securities: Weak recovery in the food and beverage industry during National Day and Mid-Autumn Festival, focus on third-quarter report performance

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ZheShang Securities released a research report indicating that in the third quarter of 2025, the overall cash collection progress in the liquor industry is slow, inventory is rising, and wholesale prices are weak. Affected by the "alcohol ban," government and business consumption is under pressure, and sales performance during the dual festivals is flat. It is expected that the performance of most liquor companies will decline year-on-year, while some companies may see a narrowing of the decline on a quarter-on-quarter basis. Although year-on-year sales are under pressure, there has been some improvement quarter-on-quarter, which may present allocation opportunities in the sector. Attention should be paid to new consumption investment opportunities represented by "Da Zhen."

JGJC

Shede Spirits

Zhejiang Merchants Securities: The sales performance during the Double Festival is flat, and it is expected that most liquor companies' performance in Q3 2025 will still decline year-on-year

CCB Principal CSI Beverage Theme ETF(159789.SZ)

To solve the price inversion, Moutai "cuts" the ex-factory price of core products

Seven A-shares have a market value exceeding one trillion, with Agricultural Bank of China at 2.45 trillion topping the list

Moutai sets the tone for 2026: Respect market rules, dealers say goodbye to "lying down to win"

The latest price is 1,520 yuan, the wholesale price of Feitian Moutai has dropped by 43% in two years, the myth of dealers lying down to win has been shattered, who is swimming naked when the tide goes out?

WLY released its performance for the first three quarters, with a net profit attributable to the parent company of 21.511 billion yuan, a decrease of 13.72%