The liquor sector underwent a collective adjustment. At the time of writing, Huangtai Wine led the decline, trading at 13.83 yuan per share, down 3.49%. Wuliangye Yibin Co.,Ltd. traded at 83.29 yuan per share, falling 1.02%. Kweichow Moutai Co.,Ltd. traded at 1273.22 yuan per share, down 0.98%.

A research report from Zheshang Securities noted that, given the current situation where mass consumption remains active and business consumption is gradually recovering, the liquor sector's performance is expected to turn from negative to positive starting in the second quarter of 2026, entering a bottom inflection point range. The sector's bottoming is clear, with a small number of companies having already emerged from the adjustment period ahead of schedule. Regional liquor companies have shown the most significant improvement in narrowing their declines and may accumulate momentum for an upward rebound later on.