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According to the CITIC Construction Investment Research Report, Maotai has implemented market-based reforms, and self-operated stores have achieved two-way price adjustments, breaking the curse that the industry only rises or falls, while upgrading iMaotai's marketing rules, weakening the financial nature of products and deepening the C-side market. Golden Seed Liquor has ushered in a change of core personnel. Relying on the opportunity of state-owned enterprise reform, it is expected to speed up channel and product innovation and help the regional market recover. In September, the price of loose milk rose markedly in many parts of northwest China. The inflection point of milk prices is getting closer. El Niño is pushing to continue to clear the market, and I am optimistic that the dairy industry will reverse. Mass sales weigh the influence of public opinion is limited, and stock price adjustments have presented good layout opportunities, and investment opportunities for retail chain transformation continue to be recommended. Pay attention to the layout targets after the financial report is implemented, and stick to the “four main lines”.

智通财经·09/13/2026 23:41:08
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According to the CITIC Construction Investment Research Report, Maotai has implemented market-based reforms, and self-operated stores have achieved two-way price adjustments, breaking the curse that the industry only rises or falls, while upgrading iMaotai's marketing rules, weakening the financial nature of products and deepening the C-side market. Golden Seed Liquor has ushered in a change of core personnel. Relying on the opportunity of state-owned enterprise reform, it is expected to speed up channel and product innovation and help the regional market recover. In September, the price of loose milk rose markedly in many parts of northwest China. The inflection point of milk prices is getting closer. El Niño is pushing to continue to clear the market, and I am optimistic that the dairy industry will reverse. Mass sales weigh the influence of public opinion is limited, and stock price adjustments have presented good layout opportunities, and investment opportunities for retail chain transformation continue to be recommended. Pay attention to the layout targets after the financial report is implemented, and stick to the “four main lines”.