ZJLD (06979) rose more than 6%. As of the time of writing, the stock was up 6.47%, trading at HK$9.05, with a turnover of HK$84.5965 million. On the news front, data from a third-party platform on January 29th showed that the wholesale price of 53-degree, 500ml Flying Moutai liquor continued to climb. Specifically, the 2025 vintage Flying Moutai original case price increased by 20 yuan per bottle compared to the previous day, reaching 1,620 yuan per bottle. Additionally, the 2026 vintage Flying Moutai original case also rose by 20 yuan per bottle from the prior day, settling at 1,610 yuan per bottle. Guosheng Securities pointed out that the baijiu sector's Spring Festival peak sales season is gradually commencing, and the sales momentum and wholesale price feedback from Moutai are expected to lead the industry toward better-than-anticipated improvements. In the short term, they recommend focusing on the essential demand during the Spring Festival, while for the medium term, they suggest positioning in leading companies across various price segments. Kaiyuan Securities indicated that the current valuation of the baijiu sector is at a multi-year low, market expectations are subdued, and the shareholding structure is favorable, with fundamentals nearing a bottom, presenting investment value. The stockpiling for the Spring Festival peak season is poised to be a key catalyst for the sector's performance. They advise focusing on two main themes: first, targets that have undergone sufficient adjustments and possess high rebound potential; second, industry leaders with strong earnings stability and outstanding risk resilience.