中信证券：白酒龙头加速聚焦消费者看好行业底部配置机会

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智通财经APP获悉，中信证券发布研报称，近期头部酒企陆续召开重要会议，传递调整、改革、渠道再平衡决心，有利于行业长期健康发展。2025年四季度以来，白酒头部企业均采取持续控制发货、为经销商减负、促进开瓶动销等措施，以降低渠道库存。综合考虑到动销已逐步平稳、2026年春节假期多一天、白酒春节消费场景等诸多因素，2026年春节白酒实际动销有望维持平稳，无须过度悲观。再考虑到后续逐步复苏趋势明确，看好...

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href=http://www.zhitongcaijing.com/content/detail/1396472.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，中信证券发布研报称，近期头部酒企陆续召开重要会议，传递调整、改革、渠道再平衡决心，有利于行业长期健康发展。2025年四季度以来，白酒头部企业均采取持续控制发货、为经销商减负、促进开瓶动销等措施，以降低渠道库存。综合考虑到动销已逐步平稳、2026年春节假期多一天、白酒春节消费场景等诸多因素，2026年春节白酒实际动销有望维持平稳，无须过度悲观。再考虑到后续逐步复苏趋势明确，看好...</p>\n\n<a 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中信证券：白酒龙头加速聚焦消费者 看好行业底部配置机会

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中信证券：白酒龙头加速聚焦消费者看好行业底部配置机会