According to the Open Source Securities Research Report, expectations for the food and beverage industry have reversed, focusing on liquor stocks and casual snacks. September benefited from the boost of the Mid-Autumn Festival and National Day, and online alcohol channel sales performance was good. Recently, multiple benefits have stimulated economic recovery, and medium- to long-term expectations for food and beverage have become optimistic, but in the short term, companies may still face the risk of declining performance. 1) It is recommended to look at the industry from the perspective of steady growth and focus on leading alcohol companies, such as Wuliangye and Kweichow Moutai. 2) Among popular products, more attention is paid to casual snacks with relatively good fundamentals. Currently, the low point of operation during the year has passed. Category attributes determine that consumption scenario stimulation has had a great impact on sales. Sales during the peak season of the Spring Festival fall into the fourth quarter of the year. It is expected that the performance of various booming racetrack snack companies will maintain a high level of growth throughout the year. Recommended attention: Ganyuan Foods, etc.

According to the Open Source Securities Research Report, expectations for the food and beverage industry have reversed, focusing on liquor stocks and casual snacks. September benefited from the boost of the Mid-Autumn Festival and National Day, and online alcohol channel sales performance was good. Recently, multiple benefits have stimulated economic recovery, and medium- to long-term expectations for food and beverage have become optimistic, but in the short term, companies may still face the risk of declining performance. 1) It is recommended to look at the industry from the perspective of steady growth and focus on leading alcohol companies, such as Wuliangye and Kweichow Moutai. 2) Among popular products, more attention is paid to casual snacks with relatively good fundamentals. Currently, the low point of operation during the year has passed. Category attributes determine that consumption scenario stimulation has had a great impact on sales. Sales during the peak season of the Spring Festival fall into the fourth quarter of the year. It is expected that the performance of various booming racetrack snack companies will maintain a high level of growth throughout the year. Recommended attention: Ganyuan Foods, etc.