Guotai Junan Securities believes that the baijiu industry st...

Guotai Junan Securities believes that the baijiu industry still faces structural recovery, with high-end baijiu and leading real estate baijiu companies performing well, and will gradually recover in the future, continuing to interpret the differentiation pattern. At the same time, Guotai Junan Securities holds a positive investment outlook for luzhou laojiao, kweichow moutai, ganyuan foods, and jonjee hi-tech industrial and commercial holding.