Baijiu: Industry boom has recovered

2009 1-April, the national liquor production reached 2.094 million liters, an increase of 20.8%, the growth rate than 1-March rebounded 2.3%; In recent months, the growth rate of one month has also recovered. Since April, the liquor industry sales and prices have rebounded, which is not easy in the off-season. From the angle of the industry wheel movement, the adjustment of liquor industry has also entered the tail stage.　　The 07 liquor Industry adjusted 9 months later to regain market recognition, and the start of September 08 this round of adjustment has been 8 months. In the context of the decline of the overall performance of listed companies, the food and beverage industry 08 and 09 quarterly net profit growth rate is better than the overall level of the market.　　This year's departure in the beverage industry's excess earnings and excess profits has plunged its relative market valuation premium back to around 20%, and we look forward to a valuation fix in the second half.　　In addition, "liquor consumption tax assessment of the tax price of the approved management measures" is still in the formulation, the future of this method can be announced that the liquor industry is bad out of the Jing we are expected to require the future liquor companies to sell the company's price must not be less than half of the ex-factory prices, the less affected Production and growth of liquor