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From June 1st to June 8th, the A-share liquor and beer sectors stopped falling and rebounded slightly. Currently, there is still a huge difference in the capital market’s assessment of the liquor industry.

On June 5th, Shede Spirits (SH600702) stock price plummeted, bringing down the stock price of the whole sector. In response to this, Shede Spirits" securities department staff responded to media that production, operation, sales and payment collection work are normal. On June 5th, Shanxi Fenjiu (SH600809) held a performance briefing for 2022 and the first quarter of 2023. It revealed that in 2023, the company aims to increase its operating income by about 20% compared with the previous year.

Recently, Chongyang Gujiao Wine Industry held a new product launch and investment promotion meeting in Chengdu. Sichuan tycoon Wang Renguo appeared as the controlling party of Chongyang Gujiao.

On June 2nd, Kouzi Jiao (SH603589) held a performance briefing for 2022. The company continues to focus on the industrial planning of “one enterprise and three parks”. At full production capacity, the production capacity of 65° original wine will exceed 60,000 tons, and the wine storage scale will reach 400,000 tons. On May 31st, Jiangsu Yanghe Brewery Joint-Stock (SZ002304) held an investor communication meeting at the 2022 annual shareholder meeting and stated that it will continue to strengthen digital platform construction.Recently, “Guizhou Province’s Index of Investment Promotion Projects in 2023” was released with a total investment of RMB 390.497 billion for 600 investment promotion projects. According to statistics from China Alcoholic Drinks Association, there are 23 projects directly related to alcohol with an investment scale of RMB14.879 billion.