珍酒李渡:立足长远 前瞻布局

海通国际
Jun 23, 2025

酱酒赛道分化加剧,龙头企业集中度红利凸显。2022 年以来白酒行业进入调整周期,中小产能加速出清,头部企业迎来份额集中机遇。尽管公司24H2 业绩承压,但通过主动控货去库存、优化渠道结构,坚定践行“高端化+酱酒红利+ESG”战略,依托三重核心壁垒巩固竞争优势,有望在周期底部实现份额提升与结构升级,长期受益于酱酒赛道红利。1)产能护城河:作为“贵州三大酱香”之一,优质基酒储备超10 万吨,产能规模...

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