白酒:产业端仍以调整为主,期待行业向上拐点。1)食品饮料板块21年以来已经经历五年调整,25年5月以来白酒板块调整明显,7-8月披露的中报显示大部分酒厂在二季度主动调整经营节奏以释放压力,市场情绪随之升温。近期双节反馈平淡,但市场风格调整,板块表现有所波动。2)25年二季度白酒报表收入同比增速由正转负、25Q3降幅加剧,次高端、地产酒、高端酒等代表性酒企报表风险开始释放。2019-23年大部分酒企...
Source Link白酒:产业端仍以调整为主,期待行业向上拐点。1)食品饮料板块21年以来已经经历五年调整,25年5月以来白酒板块调整明显,7-8月披露的中报显示大部分酒厂在二季度主动调整经营节奏以释放压力,市场情绪随之升温。近期双节反馈平淡,但市场风格调整,板块表现有所波动。2)25年二季度白酒报表收入同比增速由正转负、25Q3降幅加剧,次高端、地产酒、高端酒等代表性酒企报表风险开始释放。2019-23年大部分酒企...
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