Market review this week: from April 25 to April 29, 2022, SW food and beverage industry index rose by 0.69% as a whole, ranking fourth in Shenwan primary industry, outperforming the Shanghai and Shenzhen 300 index by about 0.62 percentage points in the same period. Among the sub sectors, only the pre processed food sector and the Baijiu sector outperformed the CSI 300 index in the same period, while the other sectors underperformed the CSI 300 index in the same period.
Net inflow of land stock link this week: from April 25 to April 29, 2022, land stock link had a total net inflow of 5.114 billion yuan. Among them, the net inflow of power equipment, household appliances and mechanical equipment ranks first, and the net outflow of banking, steel and architectural decoration ranks first. This week, the food and beverage sector had a net inflow of 870 million yuan, ranking seventh in the Shenwan industry.
Industry Week view: the performance of the sector is differentiated, and pay attention to the marginal inflection point. The meeting of the Political Bureau of the CPC Central Committee was successfully held this week. The meeting called for strengthening macro policy regulation, stabilizing the economy, striving to achieve the expected goal of economic and social development throughout the year, keeping the economy running within a reasonable range, and giving play to the traction and driving role of consumption on the economic cycle. With the successive implementation of the stable economic policies of the Political Bureau, it is expected that consumption is expected to usher in the opportunity of recovery, which will boost the terminal demand for food and beverage to a certain extent. In terms of segments, Baijiu: up to now, the performance of all companies in the first quarter of 2021 and 2022 has been disclosed. Among them, the performance of companies such as Kweichow Moutai Co.Ltd(600519) Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) . According to the performance data released by Baijiu enterprises, a number of liquor enterprises achieved steady growth in performance in 2021 and made a good start in 2022 Sichuan Swellfun Co.Ltd(600779) , Anhui Kouzi Distillery Co.Ltd(603589) affected by the epidemic situation and other factors, the performance of 22q1 was less than expected. In the follow-up, we can grasp individual stocks with high certainty and great performance flexibility. In terms of subject matter, it is suggested to pay attention to high-end Baijiu with strong certainty Kweichow Moutai Co.Ltd(600519) Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) Wuliangye Yibin Co.Ltd(000858) 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) ). Popular products sector: from the relevant performance data released by various sectors of popular products, affected by factors such as repeated epidemic, high cost and incomplete recovery of terminal demand, the performance of some popular products is under pressure and differentiated, the performance of 22q1 in dairy, beer and other sectors is good, and the performance of some condiments, snacks and other sectors is under certain pressure. In the follow-up to the market, we should pay attention to the marginal improvement brought by factors such as product price increase, cost reduction and epidemic inflection point, 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
