On February 21, the Shanghai Composite Index rose 097%, the daily line six consecutive yang, the Shenzhen Component Index rose 079%, the GEM index rose 036%。On the disk, the brewing industry sector rose 420%；*In terms of Lanzhou Yellow River, Chongqing Beer, etc., Yingjia Tribute Liquor, Shede Liquor, etc., all have different degrees**. 
Huajin** said that during the adjustment period of the liquor industry, it will focus on high-end liquor and regional liquor with strong performance stability. 1) In the short term, the current Spring Festival peak season of wine companies is basically over, and the follow-up is about to enter the post-holiday off-season, and the Spring Festival sales slightly exceed expectations, but whether it is sustainable still needs to pay attention to two important nodes, one is the strategy of spring sugar wine companies and the willingness of dealers to purchase, and the other is the real sales situation of the Dragon Boat Festival. 2) In the medium and long term, continue to pay attention to the policies of leading enterprises in the downturn of the industry, and suggest that in the long run, the policies that are conducive to the long-term development of the industry and the company do not need to be over-interpreted. Zheshang** said that the liquor sector has both offense and defense, and in the context of the current RRR cut + targeted interest rate cut, it is optimistic about the allocation opportunities of the liquor sector catalyzed by the Spring Festival: Taking into account fundamental thinking and trading thinking, the two leading liquor sectors are first promoted at the bottom position, and Kweichow Moutai Wuliangye is mainly promoted; At the same time, it is recommended that the target with better sales and strong performance certainty in 24 years during the Spring Festival is recommended, and Gujing Tribute Liquor, Shanxi Fenjiu, Yingjia Tribute Liquor, Jinshiyuan, Luzhou Laojiao; In addition, we pay attention to high-growth targets, and pay attention to Zhenjiu Li Du Jinhui Liquor. 
Article**: Oriental Wealth Research Center).