Market review this week: from April 18 to April 22, 2022, SW food and beverage industry index fell by 1.80% as a whole, outperforming the Shanghai and Shenzhen 300 index by about 2.39 percentage points in the same period. Among the sub sectors, only the health products sector underperformed the CSI 300 index in the same period, and the other sectors outperformed the CSI 300 index in the same period. Among them, the beer sector rose 0.29% this week, with the largest increase in the sector; Health products sector fell the most this week, 6.30%.
Net inflow of land stock link this week: from April 18 to April 22, 2022, land stock link had a total net inflow of 445 million yuan. Among them, the net inflow of power equipment, utilities and coal sector ranks first, and the net outflow of electronics, non bank finance and automobile sector ranks first. This week, the food and beverage sector had a net inflow of 224 million yuan, ranking 10th in the Shenwan industry.
Industry Week view: Shede Spirits Co.Ltd(600702) plans to increase production and expand capacity, and pays attention to high-quality sectors with high performance certainty. Baijiu sector: this week Shede Spirits Co.Ltd(600702) issued a notice of increasing production and expansion. The total investment of the project is estimated at 7 billion 54 million yuan, and the construction period is expected to be 5 years. After the completion of the project, the company is expected to add an annual output of about 60 thousand tons of original liquor, which has laid a solid foundation for the company’s long-term development. In terms of performance, the sector has entered the performance disclosure period, and Shede Spirits Co.Ltd(600702) and Sichuan Swellfun Co.Ltd(600779) released relevant performance data this week. From the performance data released by Baijiu enterprises, the performance of several wine companies in 2021 has been growing steadily. Jiugui Liquor Co.Ltd(000799) and other companies have performed well in the core products during the Spring Festival. The performance of Baijiu in the first quarter is worth looking forward to. In the follow-up, we can grasp individual stocks with high certainty and great performance flexibility. In terms of the target, we recommend that we must focus on the high-end Baijiu Kweichow Moutai Co.Ltd(600519) ( Kweichow Moutai Co.Ltd(600519) ), Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) ) and Luzhou Laojiao Co.Ltd(000568) ( Luzhou Laojiao Co.Ltd(000568) ). In the secondary high-end liquor, we can pay attention to Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) ( Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) ), Jiugui Liquor Co.Ltd(000799) ( Jiugui Liquor Co.Ltd(000799) ), Shede Spirits Co.Ltd(600702) ( Shede Spirits Co.Ltd(600702) ), etc; Regional liquor can focus on companies with greater recovery flexibility, such as Anhui Gujing Distillery Company Limited(000596) ( Anhui Gujing Distillery Company Limited(000596) ), Anhui Kouzi Distillery Co.Ltd(603589) ( Anhui Kouzi Distillery Co.Ltd(603589) ), Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) ( Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) ). Mass products sector: this week Jiajia Food Group Co.Ltd(002650) , Shanghai Milkground Food Tech Co.Ltd(600882) , Sanquan Food Co.Ltd(002216) and other companies released relevant performance data. Affected by factors such as repeated epidemic, high cost and incomplete recovery of terminal demand, the performance of some mass products was under pressure and differentiated. The market will continue to pay attention to the marginal improvement brought by factors such as product price increase and cost reduction, and grasp the high-quality sector in the industry. The aspect of the subject can focus on the aspect of the subject, which can focus on the aspect of the subject, and can focus on the aspect of the subject. It can focus on the aspect of the subject, and can focus on the subject of the Foshan Haitian Flavouring And Food Company Ltd(603288) ( Foshan Haitian Flavouring And Food Company Ltd(603288) ( Foshan Haitian Flavouring And Food Company Ltd(603288) ( Foshan Haitian Flavouring And Food Company Ltd(603288) Foshan Haitian Flavouring And Food Company Ltd(603288) ) ( Foshan Haitian Flavouring And Food Company Ltd(603288) ( Foshan Haitian Flavouring And Food Company Ltd(603288) ( Foshan Haitian Flavouring And Food Company Ltd(603288) ( Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) ) ( Huadian Power International Corporation Limited(600027) ), the Qianhe Condiment And Food Co.Ltd(603027) ( Qianhe Condiment And Food Co.Ltd(603027) ) ( Qianhe Condiment And Food Co.Ltd(603027) ), the Qianhe Condiment And Food Co.Ltd(603027) Qianhe Condiment And Food Co.Ltd(603027) , the \ ( Suzhou Weizhixiang Food Co.Ltd(605089) ), Fu Jian Anjoy Foods Co.Ltd(603345) ( Fu Jian Anjoy Foods Co.Ltd(603345) ), Zhengzhou Qianweiyangchu Food Co.Ltd(001215) ( Zhengzhou Qianweiyangchu Food Co.Ltd(001215) ), etc.
Risk tips: raw material price fluctuation, product price increase less than expected, channel development less than expected, intensified industry competition, food safety risk and macroeconomic downside risk.
