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the same two words: concentration and differentiation will still be the main theme.

as the financialization of liquor represented by kweichow moutai has become a reality, the domestic capital market has paid increasing attention to liquor in recent years. the market performance of liquor is not just a simple market behavior, but also represents the status of the liquor industry in the eyes of investors. value and weight. at the end of august, the semi-annual reports of 22 listed liquor companies were released. let us take this opportunity to understand the overall development of the liquor industry in the first half of this year. today, china's a-shares regained the long-lost 3,000 points, and liquor stocks followed suit and rose sharply. what will be the "market" of liquor this year? it has become a topic of concern to many people inside and outside the industry. the performance of listed companies may be more convincing.

there is another important basis for saying this. the latest disclosed data shows that the total operating income of 20 a-share listed liquor companies accounted for 88.41% of the entire industry. at the same time, the net profits of these listed companies accounted for 93.12%.