国盛证券：2026年白酒业有望迎来改善大众品配置优选两条复苏与成长双主线

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智通财经APP获悉，国盛证券发布研报称，白酒2025年充分释放风险，2026年有望迎“供给先行、需求渐进“双改善，当下动销、价盘、报表三重底部，短期元春动销环比改善正向催化，中期维度动销、价盘、报表有望相继修复，配置短期基于供给角度，中期基于格局与分红。大众消费企稳、高端可选抬头，渠道变革与产品创新持续驱动，配置优选两条复苏与成长双主线。国盛证券主要观点如下：消费风向：总量企稳价格承压，结构增长...

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国盛证券：2026年白酒业有望迎来改善 大众品配置优选两条复苏与成长双主线

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国盛证券：2026年白酒业有望迎来改善大众品配置优选两条复苏与成长双主线