Recently, the 2026 three-quarter reports of 19 mainstream listed liquor companies have been disclosed. The industry is still in the performance search stage. Priority is given to channel inventory clearance, and internal sector segmentation continues to increase. According to the data, the total revenue of 19 listed liquor companies in the first three quarters was about 265.509 billion yuan, down 7.64% year on year; total net profit was about 97.365 billion yuan, down 9.44% year on year. The three-quarter report confirms the current state of deep adjustment in the industry: most wine companies take the initiative to control goods and abandon short-term scale to clean up channel inventory. The recent rebound in stock prices in the liquor sector is an expected recovery. Many market participants believe that the fundamental reversal in the liquor industry will still have to be verified during the Spring Festival peak season. The opportunities are concentrated on leading companies. The market is sequential, and a phased rebound is not equal to a trend reversal.

Recently, the 2026 three-quarter reports of 19 mainstream listed liquor companies have been disclosed. The industry is still in the performance search stage. Priority is given to channel inventory clearance, and internal sector segmentation continues to increase. According to the data, the total revenue of 19 listed liquor companies in the first three quarters was about 265.509 billion yuan, down 7.64% year on year; total net profit was about 97.365 billion yuan, down 9.44% year on year. The three-quarter report confirms the current state of deep adjustment in the industry: most wine companies take the initiative to control goods and abandon short-term scale to clean up channel inventory. The recent rebound in stock prices in the liquor sector is an expected recovery. Many market participants believe that the fundamental reversal in the liquor industry will still have to be verified during the Spring Festival peak season. The opportunities are concentrated on leading companies. The market is sequential, and a phased rebound is not equal to a trend reversal.