核心观点导读:黄酒龙头改革突围,推动产品结构高端化、针对性开拓年轻消费群体,线上渠道销售表现亮眼,板块盈利能力持续改善。核心观点:产业政策持续加码,头部酒企表现亮眼。行业需求端整体承压,23年黄酒企业销售收入同比+2.1%至210亿元,其中规模以上企业收入同比-15.9%至85亿元(18-23年CAGR为-12.6%)。黄酒消费区域以浙江、上海、江苏为主,22年市场规模分别为37/31/13亿元。...
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