Liquor stocks rally, Jinhui Liquor and Shede Spirits hit daily limit up intraday

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2▲8 ▼0Impact / 5
Summary · why it matters

The liquor sector strengthened today, with Jinhui Liquor and Shede Spirits hitting their daily limit up intraday at 16.89 yuan per share and 37.49 yuan per share respectively. Golden Seed Winery surged more than 7% at one point, while Kouzi Distillery, Shanxi Xinghuacun Fen Wine Factory, Jiugui Liquor, Wuliangye, and Yanghe Brewery all gained over 4%. Goldman Sachs noted in its latest research report that the most difficult destocking phase for China's liquor industry is over, with supply-side cuts accelerating, wholesale prices of key mid-to-high-end varieties stabilizing, and channel inventories trending healthier. The industry is in the very early stages of recovery, but broader commercial demand recovery still needs confirmation due to macroeconomic uncertainties, and the industry's long-term market capacity faces structural contraction.

Impact on assets 8

Others▲ · 8 stocks
Jinhui Liquor Co Ltd
603919
▲ PositiveSupplyrelevance

Jinhui Liquor hit daily limit up; Goldman Sachs report cites destocking phase ending and supply cuts.

Jiugui Liquor Co Ltd
000799
▲ PositiveSupplyrelevance

Goldman Sachs notes destocking phase over and supply-side cuts accelerating, benefiting the sector.

Wuliangye Yibin Co Ltd
000858
▲ PositiveSupplyrelevance

Goldman Sachs notes destocking phase over and supply-side cuts accelerating, benefiting the sector.

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