智通财经APP获悉，珍酒李渡(06979)涨近3%，截至发稿，涨2.56%，报6.8港元，成交额1866.63万港元。
华创证券发布研报称，茅台批价近期跌幅较大，价格下探至2100元左右。从发货节奏看，一季度白酒终端动销相对较好，考虑去年高基数影响，增速或有所回落，二季度经营重点在于渠道纾压，主动控制发货节奏，采取暂停团购出货、放慢回款发货进度等多种策略缓解渠道库存压力，环比改善经销商现金流，追求更稳定的价盘水位，预计渠道端抒压特征或更加明显。
华创证券还表示，酒企年报及一季报定调全年步入纾压节奏，行业进入筑底期。节奏上看，25Q2进一步出清后，行业有望迎来底部信号，下半年酒企务实去库后或可轻装上阵，有望迎来修复。华泰证券认为，白酒行业营收降速释放压力，高端显韧性，细分板块分化显着。25年下半年行业或进入良性修复期，该行认为名优酒企表现仍将快于行业，行业估值有望稳步回归。
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