The food and beverage sector showed an upward trend against the market today (February 13). The HuaBao Food and Beverage ETF (515710), which reflects the overall performance of the sector, experienced volatile trading after opening and rose by 0.51% by the time of writing.
Among the constituent stocks, leading baijiu producers led the gains. By the time of writing, Kweichow Moutai Co.,Ltd., Wuliangye Yibin Co.,Ltd., and Luzhou Laojiao had surged by over 1%, while Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. and Yanghe Brewery JSC also recorded modest increases.
In terms of news, on the evening of February 11, "Xiaomao iMoutai" announced that during the Spring Festival holiday, consumers can log into the iMoutai app at any time to place orders and purchase products normally. Due to the holiday and logistics factors, store services and express delivery times for some products have been adjusted. Specifically, store pick-up services will be suspended from February 15 to 23. Orders for "store pick-up" generated between February 9 and 23 will have their pickup validity period uniformly extended to March 2. From February 12 to 21, express delivery orders for Kweichow Moutai liquor series, Moutai sauce-flavor liquor series, and Moutai cultural and creative products will be suspended, with resumption on February 22.
Analysts pointed out that the iMoutai app maintaining operations during the Spring Festival, by extending pickup validity periods and adjusting logistics arrangements, ensures a positive holiday consumption experience and reflects flexibility and user-friendliness in channel management. This move helps smooth sales fluctuations during the holiday and maintains brand market momentum.
From a valuation perspective, the food and beverage sector is currently at historically low levels, presenting a favorable opportunity for investment. Data shows that as of yesterday's close (February 12), the price-to-earnings ratio of the Sub-Food Index, tracked by the HuaBao Food and Beverage ETF (515710), was 20.32 times, positioned at the 8.02 percentile over the past decade, highlighting attractive medium- to long-term investment value.
Looking ahead, Aijian Securities stated that baijiu companies are entering a phase of rapid performance clearance. As policy pressures gradually ease and consumption expansion policies take effect, demand is expected to experience a weak recovery. The industry is currently at a low valuation with fully reflected pessimistic expectations. It is anticipated that the direction of industry clearance will become clearer, with the bottom becoming more evident. Industry efforts to control volume and stabilize prices are driving wholesale price recovery, with recent accelerated repairs in PuFei wholesale prices showing positive signals. Leading baijiu companies are increasing dividend ratios, enhancing dividend yields and adding to their investment appeal. In the long term, during the industry adjustment period, high-quality leading companies with strong performance certainty are preferred.
For one-stop exposure to core assets in the food and beverage sector, focus on the HuaBao Food and Beverage ETF (515710). According to China Securities Index Co., Ltd., the ETF tracks the CSI Sub-Index for the Food and Beverage Industry Theme, with approximately 60% of its holdings in leading high-end and premium baijiu stocks, and nearly 40% in leading companies from sub-sectors such as beverages, dairy products, condiments, and beer. Its top ten holdings include Kweichow Moutai Co.,Ltd., Wuliangye Yibin Co.,Ltd., Luzhou Laojiao, Shanxi Xinghuacun Fen Wine Factory Co.,Ltd., Yanghe Brewery JSC, Inner Mongolia Yili Industrial Group Co.,Ltd., and Foshan Haitian Flavouring & Food Co.,Ltd. Off-exchange investors can also access core assets in the sector through the HuaBao Food and Beverage ETF Link Fund (Class A: 012548 / Class C: 012549).
Images and data sources: Shanghai and Shenzhen Stock Exchanges, as of February 13, 2026.
Risk warning: The HuaBao Food and Beverage ETF passively tracks the CSI Sub-Index for the Food and Beverage Industry Theme, which has a base date of December 31, 2004, and was published on April 11, 2012. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its historical backtested performance does not indicate future index performance. Stocks mentioned are solely for objective illustration as index constituents and do not constitute individual stock recommendations or represent the investment direction of the fund manager. Any information appearing in this article is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any form to readers, and HuaBao Fund assumes no liability for any direct or indirect losses arising from the use of this content. Investors should carefully read the Fund Contract, Prospectus, and Fund Product Summary to understand the fund's risk-return characteristics and choose products suitable for their risk tolerance. Past fund performance does not predict future results, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Based on the fund manager's assessment, the HuaBao Food and Beverage ETF has a risk rating of R3-Medium Risk, suitable for balanced (C3) and above investors. Suitability matching opinions are subject to the sales institution. Sales institutions evaluate the above fund according to relevant laws and regulations; investors should promptly pay attention to the suitability opinions issued by the fund manager. Suitability opinions from sales institutions may not necessarily be consistent, and the risk rating results issued by fund sales institutions shall not be lower than those determined by the fund manager. The fund's risk-return characteristics in the fund contract may differ from its risk rating due to different consideration factors. Investors should understand the fund's risk-return profile and make careful selections based on their investment objectives, horizon, experience, and risk tolerance, bearing their own risks. The China Securities Regulatory Commission's registration of the above funds does not indicate a substantive judgment or guarantee of their investment value, market prospects, or returns. Fund investment involves risks.
MACD golden cross signals have formed, and these stocks are performing well.