By the close of trading on August 21, Wind data showed that the wine index was reported at 589.4 points, down 21.18% from three months ago, and a cumulative decrease of 29.79% from the November 2024 high. In terms of constituent stocks, many individual stocks of Weilong Co., Ltd., ST Communications Portugal, and *ST Mogao are expected to lose performance in the first half of 2026. Liquor analyst Cai Xuefei believes that this is the result of a combination of the systemic contraction of the industry and the company's own lag in transformation. Tian Lihui, a finance professor at Nankai University, said that domestic wine production has shrunk sharply from its peak. The pre-loss announcements of Weilong Co., Ltd., ST Portugal, and *ST Mogao confirm that the market continues to be sluggish, and the recovery of imported wine is far from what it used to be. Wine industry analyst Xiao Zhuqing believes that the wine market continues to shrink, the profit effect of the industry weakens, and the connection between brands and consumers weakens as a result, falling into a vicious cycle. The wine industry has yet to be fully clarified and truly bottomed out, and the industry's cold winter is not over yet.

By the close of trading on August 21, Wind data showed that the wine index was reported at 589.4 points, down 21.18% from three months ago, and a cumulative decrease of 29.79% from the November 2024 high. In terms of constituent stocks, many individual stocks of Weilong Co., Ltd., ST Communications Portugal, and *ST Mogao are expected to lose performance in the first half of 2026. Liquor analyst Cai Xuefei believes that this is the result of a combination of the systemic contraction of the industry and the company's own lag in transformation. Tian Lihui, a finance professor at Nankai University, said that domestic wine production has shrunk sharply from its peak. The pre-loss announcements of Weilong Co., Ltd., ST Portugal, and *ST Mogao confirm that the market continues to be sluggish, and the recovery of imported wine is far from what it used to be. Wine industry analyst Xiao Zhuqing believes that the wine market continues to shrink, the profit effect of the industry weakens, and the connection between brands and consumers weakens as a result, falling into a vicious cycle. The wine industry has yet to be fully clarified and truly bottomed out, and the industry's cold winter is not over yet.