CITIC Construction Investment pointed out that the “five bottom stages” of the liquor industry resonate with the capital market's “three lows and one high”, combined with recent market strategies being implemented one after another. Standing at the height of the Spring Festival season, it believes that the inflection point of this round of liquor adjustment is approaching, capital market expectations are ahead, and the liquor sector ushered in opportunities for allocation at the bottom of the cycle.

CITIC Construction Investment pointed out that the “five bottom stages” of the liquor industry resonate with the capital market's “three lows and one high”, combined with recent market strategies being implemented one after another. Standing at the height of the Spring Festival season, it believes that the inflection point of this round of liquor adjustment is approaching, capital market expectations are ahead, and the liquor sector ushered in opportunities for allocation at the bottom of the cycle.