EPISODE · May 1, 2026 · 5 MIN
白酒年报大爆雷！茅台首降五粮液腰斩
from 深度
茅台上市24年首现营收净利双降，五粮液营收腰斩并推翻重述财报，四巨头冰火两重天。行业产量萎缩70%但销售额增长，渠道库存超4000亿，消费转向散酒定制酒。汾酒成唯一正增长，距五粮液仅差18亿。PPI转正、茅台提价等信号显现，行业或迎筑底拐点。
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白酒年报大爆雷！茅台首降五粮液腰斩
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