白酒板块走弱，网友戏称跌回2018年，分析师：基本面未见底，抄底需谨慎

蓝鲸财经02-06

蓝鲸新闻2月6日讯(记者朱欣悦) 2月6日，白酒板块再度走弱，皇台酒业（000995.SZ）跌停，舍得酒业（600702.SH）、水井坊（600779.SH）、酒鬼酒（000799.SZ）、今世缘（603369.SH）、金徽酒（603919.SH）等个股跌幅均超3%，金种子酒（600199.SH）、天佑德酒（002646.SZ）等多只白酒股亦同步跟跌。香颂资本董事沈萌对蓝鲸新闻记者表示，此前白酒...

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MG黄
02-07
MG黄
优秀的年轻人才喜欢喝茅台说实话主攻一个高端市场就完事了不用管普通打工仔他们喝得起吗让他们羡慕嫉妒恨就完事了对不对？

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2月6日，白酒板块再度走弱，皇台酒业（000995.SZ）跌停，舍得酒业（600702.SH）、水井坊（600779.SH）、酒鬼酒（000799.SZ）、今世缘（603369.SH）、金徽酒（603919.SH）等个股跌幅均超3%，金种子酒（600199.SH）、天佑德酒（002646.SZ）等多只白酒股亦同步跟跌。香颂资本董事沈萌对蓝鲸新闻记者表示，此前白酒板块的一波上涨，核心源于前期热门板块估值高企，市场资金存在高低切换的需求，而估值相对偏低、兼具高股息属性的白酒板块，成为资金轮动的重要方向。他进一步分析称，节前市场资金为规避长假期间的不确定性风险，避险情绪升温，白酒股凭借避险属性叠加消费概念的双重加持，在此背景下还有可能继续吸引资金阶段性流入。对此，有网友戏称白酒股价已跌回2018年水平。要知道，2018年白酒板块曾经历系统性杀估值，年末多数个股触及阶段性底部，而这一低点也成了白酒板块后续开启一轮长牛行情的起点。但是从股价表现来看，截至2026年2月6日收盘，白酒股股价与当年年底相比，并非简单的“回到过去”。以2018年12月28日（2018年A股最后一个交易日）股价为基准，贵州茅台（600519.SH）当日收盘价344.24元/股，2026年2月6日收盘价报1515.01元/股，股价实现显著增长，即便经历近期板块回调，仍牢牢占据白酒行业压舱石地位。五粮液（000858.SZ）从24.60元/股涨至107元/股，涨幅超 300%；泸州老窖（000568.SZ）、山西汾酒（600809.SH）涨幅更为显著，前者股价从15.29元涨至 122.83元，后者从8.16元涨至175.10元，涨幅分别达703.27%、1945.56%。其中山西汾酒凭借集团整体上市，叠加省外市场扩张与产品结构升级的双重驱动，实现了股价的跨越式增长。与此同时，白酒板块内个股走势分化明显。洋河股份（002304.SZ）股价从69.47元跌至 55.24元，顺鑫农业（000860.SZ）从23.99元跌至14.75元；而舍得酒业、酒鬼酒、皇台酒业均实现稳步上涨，分别从17.41元、10.73元和5.24元，涨至 57.25元、56.38元、18.08元。一位证券分析师向蓝鲸新闻记者表示，目前来看，茅台股价在1400元以下具备一定布局窗口，但当前白酒行业基本面尚未见底，板块估值修复更多由市场流动性及板块轮动驱动；叠加春节期间茅台动销表现尚可，成为短期资金炒作的契机。该分析师直言，现阶段茅台估值处于谈不上便宜，也并非昂贵，股价走势中博弈成分居多，从价值投资视角来看，仍需等待更明确的信号。沈萌也指出，判断白酒股的投资价值，不能仅看股价波动，还需结合估值系数综合分析，若股价走低，但与企业盈利能力挂钩的估值系数仍处高位，那么投资风险依旧存在。同时他提到，2018年中国经济基本面能够支撑相对积极的消费需求，而历经疫情冲击、经济下行等多重因素影响后，即便当下白酒股股价回落至2018年水平，白酒企业所处的经营环境也已发生较大变化，二者不具备直接可比性。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":530047376549496,"gmtCreate":1770425184322,"gmtModify":1770425187086,"author":{"id":"3557294228267354","authorId":"3557294228267354","name":"MG黄","avatar":"https://static.tigerbbs.com/a9c36c5387bb33035d77f7388dcdef28","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":1,"crmLevelSwitch":0,"idStr":"3557294228267354","authorIdStr":"3557294228267354"},"htmlText":"优秀的年轻人才喜欢喝茅台 说实话 主攻一个高端市场就完事了 不用管普通打工仔 他们喝得起吗 让他们羡慕嫉妒恨就完事了 对不对？","listText":"优秀的年轻人才喜欢喝茅台 说实话 主攻一个高端市场就完事了 不用管普通打工仔 他们喝得起吗 让他们羡慕嫉妒恨就完事了 对不对？","text":"优秀的年轻人才喜欢喝茅台 说实话 主攻一个高端市场就完事了 不用管普通打工仔 他们喝得起吗 让他们羡慕嫉妒恨就完事了 对不对？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/530047376549496","repostId":2609755593,"repostType":2,"repost":{"id":"2609755593","kind":"news","pubTimestamp":1770381688,"share":"https://www.laohu8.com/m/news/2609755593?lang=zh_CN&edition=full","pubTime":"2026-02-06 20:41","market":"sh","language":"zh","title":"白酒板块走弱，网友戏称跌回2018年，分析师：基本面未见底，抄底需谨慎","url":"https://stock-news.laohu8.com/highlight/detail?id=2609755593","media":"蓝鲸财经","summary":"对此，有网友戏称白酒股价已跌回2018年水平。与此同时，白酒板块内个股走势分化明显。一位证券分析师向蓝鲸新闻记者表示，目前来看，茅台股价在1400元以下具备一定布局窗口，但当前白酒行业基本面尚未见底，板块估值修复更多由市场流动性及板块轮动驱动；叠加春节期间茅台动销表现尚可，成为短期资金炒作的契机。","content":"<html><body><p><img src=\"https://file.jingpt.com/ljapi/report/605404682587734070_2500x1875.jpg\" width=\"2500\"/></p><p><strong>蓝鲸新闻2月6日讯(记者 朱欣悦) </strong>2月6日，白酒板块再度走弱，<a href=\"https://laohu8.com/S/000995\">皇台酒业</a>（000995.SZ）跌停，<a href=\"https://laohu8.com/S/600702\">舍得酒业</a>（600702.SH）、<a href=\"https://laohu8.com/S/600779\">水井坊</a>（600779.SH）、<a href=\"https://laohu8.com/S/000799\">酒鬼酒</a>（000799.SZ）、<a href=\"https://laohu8.com/S/603369\">今世缘</a>（603369.SH）、<a href=\"https://laohu8.com/S/603919\">金徽酒</a>（603919.SH）等个股跌幅均超3%，<a href=\"https://laohu8.com/S/600199\">金种子酒</a>（600199.SH）、<a href=\"https://laohu8.com/S/002646\">天佑德酒</a>（002646.SZ）等多只白酒股亦同步跟跌。</p><p>香颂资本董事沈萌对蓝鲸新闻记者表示，此前白酒板块的一波上涨，核心源于前期热门板块估值高企，市场资金存在高低切换的需求，而估值相对偏低、兼具高股息属性的白酒板块，成为资金轮动的重要方向。</p><p>他进一步分析称，节前市场资金为规避长假期间的不确定性风险，避险情绪升温，白酒股凭借避险属性叠加消费概念的双重加持，在此背景下还有可能继续吸引资金阶段性流入。</p><p>对此，有网友戏称白酒股价已跌回2018年水平。要知道，2018年白酒板块曾经历系统性杀估值，年末多数个股触及阶段性底部，而这一低点也成了白酒板块后续开启一轮长牛行情的起点。</p><p>但是从股价表现来看，截至2026年2月6日收盘，白酒股股价与当年年底相比，并非简单的“回到过去”。</p><p>以2018年12月28日（2018年A股最后一个交易日）股价为基准，<a href=\"https://laohu8.com/S/600519\">贵州茅台</a>（600519.SH）当日收盘价344.24元/股，2026年2月6日收盘价报1515.01元/股，股价实现显著增长，即便经历近期板块回调，仍牢牢占据白酒行业压舱石地位。</p><p><a href=\"https://laohu8.com/S/000858\">五粮液</a>（000858.SZ）从24.60元/股涨至107元/股，涨幅超 300%；<a href=\"https://laohu8.com/S/000568\">泸州老窖</a>（000568.SZ）、<a href=\"https://laohu8.com/S/600809\">山西汾酒</a>（600809.SH）涨幅更为显著，前者股价从15.29元涨至 122.83元，后者从8.16元涨至175.10元，涨幅分别达703.27%、1945.56%。其中山西汾酒凭借集团整体上市，叠加省外市场扩张与产品结构升级的双重驱动，实现了股价的跨越式增长。</p><p>与此同时，白酒板块内个股走势分化明显。<a href=\"https://laohu8.com/S/002304\">洋河股份</a>（002304.SZ）股价从69.47元跌至 55.24元，<a href=\"https://laohu8.com/S/000860\">顺鑫农业</a>（000860.SZ）从23.99元跌至14.75元；而舍得酒业、酒鬼酒、皇台酒业均实现稳步上涨，分别从17.41元、10.73元和5.24元，涨至 57.25元、56.38元、18.08元。</p><p>一位证券分析师向蓝鲸新闻记者表示，目前来看，茅台股价在1400元以下具备一定布局窗口，但当前白酒行业基本面尚未见底，板块估值修复更多由市场流动性及板块轮动驱动；叠加春节期间茅台动销表现尚可，成为短期资金炒作的契机。</p><p>该分析师直言，现阶段茅台估值处于谈不上便宜，也并非昂贵，股价走势中博弈成分居多，从价值投资视角来看，仍需等待更明确的信号。</p><p>沈萌也指出，判断白酒股的投资价值，不能仅看股价波动，还需结合估值系数综合分析，若股价走低，但与企业盈利能力挂钩的估值系数仍处高位，那么投资风险依旧存在。</p><p>同时他提到，2018年中国经济基本面能够支撑相对积极的消费需求，而历经疫情冲击、经济下行等多重因素影响后，即便当下白酒股股价回落至2018年水平，白酒企业所处的经营环境也已发生较大变化，二者不具备直接可比性。</p></body></html>","source":"lanjinger_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>白酒板块走弱，网友戏称跌回2018年，分析师：基本面未见底，抄底需谨慎</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n白酒板块走弱，网友戏称跌回2018年，分析师：基本面未见底，抄底需谨慎\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-06 20:41 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.lanjinger.com/d/1770379033799289614><strong>蓝鲸财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>蓝鲸新闻2月6日讯(记者 朱欣悦) 2月6日，白酒板块再度走弱，皇台酒业（000995.SZ）跌停，舍得酒业（600702.SH）、水井坊（600779.SH）、酒鬼酒（000799.SZ）、今世缘（603369.SH）、金徽酒（603919.SH）等个股跌幅均超3%，金种子酒（600199.SH）、天佑德酒（002646.SZ）等多只白酒股亦同步跟跌。香颂资本董事沈萌对蓝鲸新闻记者表示，此前白酒...</p>\n\n<a href=\"https://www.lanjinger.com/d/1770379033799289614\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"83189":"易方达白酒-R","600199":"金种子酒","600519":"贵州茅台","600702":"舍得酒业","600779":"水井坊","600809":"山西汾酒","603369":"今世缘","603919":"金徽酒","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","000568":"泸州老窖","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","000860":"顺鑫农业","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU1769817096.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (USD) INC","LU1226287875.USD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"PM\" (USD) INC","LU1146622755.USD":"安本中国A股股票基金A Acc","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) 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2月6日，白酒板块再度走弱，皇台酒业（000995.SZ）跌停，舍得酒业（600702.SH）、水井坊（600779.SH）、酒鬼酒（000799.SZ）、今世缘（603369.SH）、金徽酒（603919.SH）等个股跌幅均超3%，金种子酒（600199.SH）、天佑德酒（002646.SZ）等多只白酒股亦同步跟跌。香颂资本董事沈萌对蓝鲸新闻记者表示，此前白酒板块的一波上涨，核心源于前期热门板块估值高企，市场资金存在高低切换的需求，而估值相对偏低、兼具高股息属性的白酒板块，成为资金轮动的重要方向。他进一步分析称，节前市场资金为规避长假期间的不确定性风险，避险情绪升温，白酒股凭借避险属性叠加消费概念的双重加持，在此背景下还有可能继续吸引资金阶段性流入。对此，有网友戏称白酒股价已跌回2018年水平。要知道，2018年白酒板块曾经历系统性杀估值，年末多数个股触及阶段性底部，而这一低点也成了白酒板块后续开启一轮长牛行情的起点。但是从股价表现来看，截至2026年2月6日收盘，白酒股股价与当年年底相比，并非简单的“回到过去”。以2018年12月28日（2018年A股最后一个交易日）股价为基准，贵州茅台（600519.SH）当日收盘价344.24元/股，2026年2月6日收盘价报1515.01元/股，股价实现显著增长，即便经历近期板块回调，仍牢牢占据白酒行业压舱石地位。五粮液（000858.SZ）从24.60元/股涨至107元/股，涨幅超 300%；泸州老窖（000568.SZ）、山西汾酒（600809.SH）涨幅更为显著，前者股价从15.29元涨至 122.83元，后者从8.16元涨至175.10元，涨幅分别达703.27%、1945.56%。其中山西汾酒凭借集团整体上市，叠加省外市场扩张与产品结构升级的双重驱动，实现了股价的跨越式增长。与此同时，白酒板块内个股走势分化明显。洋河股份（002304.SZ）股价从69.47元跌至 55.24元，顺鑫农业（000860.SZ）从23.99元跌至14.75元；而舍得酒业、酒鬼酒、皇台酒业均实现稳步上涨，分别从17.41元、10.73元和5.24元，涨至 57.25元、56.38元、18.08元。一位证券分析师向蓝鲸新闻记者表示，目前来看，茅台股价在1400元以下具备一定布局窗口，但当前白酒行业基本面尚未见底，板块估值修复更多由市场流动性及板块轮动驱动；叠加春节期间茅台动销表现尚可，成为短期资金炒作的契机。该分析师直言，现阶段茅台估值处于谈不上便宜，也并非昂贵，股价走势中博弈成分居多，从价值投资视角来看，仍需等待更明确的信号。沈萌也指出，判断白酒股的投资价值，不能仅看股价波动，还需结合估值系数综合分析，若股价走低，但与企业盈利能力挂钩的估值系数仍处高位，那么投资风险依旧存在。同时他提到，2018年中国经济基本面能够支撑相对积极的消费需求，而历经疫情冲击、经济下行等多重因素影响后，即便当下白酒股股价回落至2018年水平，白酒企业所处的经营环境也已发生较大变化，二者不具备直接可比性。","news_type":1,"symbols_score_info":{"83189":0.9,"600199":1,"600519":1,"600702":1,"600779":1,"600809":1,"603369":1,"603919":1,"000568":1,"000799":1,"000858":1,"000995":1,"03189":0.9,"002304":1,"002646":1,"000860":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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