Lates News

According to the research report from CITIC Securities, the relevant policies in the second quarter of this year further standardize the standards for official banquets, resulting in a weakening trend in demand for liquor after the Dragon Boat Festival. In addition, during the 618 period, both offline instant retail and online e-commerce platforms have increased subsidies for the liquor category, leading to a certain degree of price decline for some batches. We forecast that the performance of the liquor industry will continue to be under pressure in the second quarter.