According to the CITIC Securities Research Report, looking ahead to the second half of the year, CITIC Securities believes that the alcohol sector has stabilized at the bottom. According to Wind, the current dividend rate in the alcohol sector is about 4%, and the dividend rate of some leading wine companies exceeds 5%, which has a high allocation cost ratio. With the restoration of liquor sales, stocks, and fundamentals, and the catalyst for the Mid-Autumn Festival National Day peak season, the sector is expected to be boosted; in terms of beer, judging that the industry will recover moderately in the second half of the year, compounded by the impact of a low base, the fundamentals of the industry will be repaired to a certain extent.

According to the CITIC Securities Research Report, looking ahead to the second half of the year, CITIC Securities believes that the alcohol sector has stabilized at the bottom. According to Wind, the current dividend rate in the alcohol sector is about 4%, and the dividend rate of some leading wine companies exceeds 5%, which has a high allocation cost ratio. With the restoration of liquor sales, stocks, and fundamentals, and the catalyst for the Mid-Autumn Festival National Day peak season, the sector is expected to be boosted; in terms of beer, judging that the industry will recover moderately in the second half of the year, compounded by the impact of a low base, the fundamentals of the industry will be repaired to a certain extent.