投资要点中国烟草行业概览：专卖专营的第一大市场。1）规模：第一大烟叶种植及烟草制品消费市场。中国烟叶2021 年产量为213 万吨，占当年亚洲的54%产量，即占全球产量的36%，是第一大烟叶种植国。卷烟是烟草制品的第一大消费品类，按销售额计占全球的79%，中国从消费端来看是第一大市场，中国卷烟销量占到全球的45%。2）格局：统一领导、专卖专营。国家烟草专卖局、中国烟草总公司以“一套机构、两块牌子”...
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