Goldman Sachs: Reiterates Buy Rating on Moutai

Recently, the well-known American investment bank Goldman Sachs released a research report on the dynamics of the Chinese liquor industry, with a focus on Maotai, reiterating a "buy" rating on Guizhou Maotai's stock. The Goldman Sachs research report shows that the wholesale price of Feitian Maotai liquor experienced a phase of volatility after reaching a peak during the Chinese New Year season, which was in line with expectations. It is expected that the wholesale price of Feitian Maotai liquor will remain stable within a certain range. In addition, Goldman Sachs also pointed out that the wholesale prices of non-standard products such as 1-liter Feitian Maotai and premium Maotai have also remained relatively stable recently.