Food and beverage sector stocks saw an upward movement against the general market trend today (June 10). The Huabao Food & Beverage ETF (515710), which reflects the overall performance of the sector, experienced volatile trading but ultimately moved higher, with its on-exchange price rising 0.62% at the time of writing.
Among the constituent stocks, alcoholic beverage companies, including baijiu and beer producers, performed notably well. Zhujiang Brewery Co., Ltd. rose over 6%, Beijing Yanjing Brewery Co., Ltd. gained more than 4%, while shares of Shanghai Bairun Investment Holding Group Co., Ltd., Chongqing Brewery Co., Ltd., and Luzhou Laojiao Co., Ltd. were also among the top gainers.
On the news front, Wuliangye Yibin Co.,Ltd. recently published a "Statement on Wuliangye's E-commerce Sales Channels" on its official website. With the "618" major online shopping promotion currently underway, the company listed 57 authorized official e-commerce sales channels across various platforms. These include its own official store, as well as stores on JD.com, Tmall, Douyin, Kuaishou, Suning, WeChat, Vipshop, and Hema Fresh. This move is aimed at safeguarding consumer rights and ensuring they receive genuine products and services.
Analysts note that by clearly specifying the 57 authorized online channels during the 618 period, Wuliangye is strengthening online anti-counterfeiting measures and channel control to protect its brand value. This action reflects efforts within the baijiu sector to standardize online sales systems, curb price disorder and unauthorized reselling to stabilize pricing, which is seen as a positive for market sentiment.
From a valuation perspective, the food and beverage sector remains at a low level. Data shows that as of the previous trading day's close (June 9), the price-to-earnings ratio for the CSI Food and Beverage Sub-Industry Index, which the Huabao Food & Beverage ETF (515710) tracks, stood at 19.89 times. This places it at a low point, around the 5.69th percentile over the past decade, highlighting the potential medium- to long-term investment value.
Research from securities firms indicates a general industry view that current baijiu production is nearing the level of actual market consumption demand. The macroeconomic policy stance for 2026 is expected to shift towards "moderate support," with key reports explicitly calling for a shift in the general price level from negative to positive and promoting reasonable, moderate recovery in consumer prices. Fiscal and monetary policies are anticipated to remain appropriately accommodative, with a somewhat more favorable consumption environment compared to the previous year, providing some external support for a stabilization in baijiu demand.
For investors seeking core exposure to the food and beverage sector, the Huabao Food & Beverage ETF (515710) is a key instrument to consider. According to data from the China Securities Index Company, this ETF tracks the CSI Food and Beverage Sub-Industry Index. The index has a significant allocation to leading baijiu companies, with these holdings accounting for nearly 60% of the portfolio. Its top ten holdings include major players such as Kweichow Moutai Co., Ltd., Wuliangye Yibin Co.,Ltd., Luzhou Laojiao Co., Ltd., Shanxi Xinghuacun Fen Wine Factory Co., Ltd., Yanghe Distillery Co., Ltd., Inner Mongolia Yili Industrial Group Co., Ltd., and Foshan Haitian Flavouring & Food Co., Ltd.. Investors trading off-exchange can also access the sector through the ETF's feeder funds (Class A: 012548, Class C: 012549).
It is important to note that specific fund fee structures are detailed in the relevant legal fund documents. All data is sourced from exchanges including the Shanghai and Shenzhen Stock Exchanges, current as of June 10, 2026.
Investors are reminded that recent market volatility may be significant, and short-term price movements are not indicative of future performance. It is crucial to make investment decisions rationally based on individual financial circumstances and risk tolerance, paying close attention to portfolio positioning and risk management.
Risk Disclosure: The Huabao Food & Beverage ETF passively tracks the CSI Food and Beverage Sub-Industry Index. The base date for this index is December 31, 2004, and it was launched on April 11, 2012. The index's constituent stocks are adjusted according to its compilation rules, and its past performance does not guarantee future results. Individual stocks mentioned are for illustrative purposes only as index components and do not constitute stock recommendations or indicate the fund manager's investment direction. Any information presented is for reference only, and investors are solely responsible for their own investment decisions. The views, analyses, and forecasts herein do not constitute investment advice of any kind, and no liability is accepted for any direct or indirect losses arising from the use of this content. Investors should carefully read the Fund Contract, Prospectus, Fund Product Key Facts Statement, and other legal fund documents to understand the fund's risk-return profile and select products appropriate for their own risk tolerance. A fund's past performance does not predict its future results, and the performance of other funds managed by the same manager does not guarantee this fund's performance. Based on the fund manager's assessment, the Huabao Food & Beverage ETF carries a risk rating of R3 (Medium Risk), suitable for investors with a Balanced (C3) or higher risk profile. Suitability assessments should be confirmed with the sales institution. Sales institutions (including the fund manager’s direct sales channels and other distributors) conduct risk evaluations of the aforementioned funds according to relevant laws and regulations. Investors should pay attention to the suitability opinions issued by the fund manager. Suitability opinions may differ among sales institutions, and the risk rating assigned by a sales institution cannot be lower than that assigned by the fund manager. The description of the fund's risk-return characteristics in the fund contract and its risk rating may differ due to different assessment factors. Investors should understand the fund's risk-return characteristics and choose fund products carefully based on their own investment objectives, time horizon, experience, and risk tolerance, bearing the associated risks independently. The China Securities Regulatory Commission's registration of these funds does not indicate a substantive judgment or guarantee of their investment value, market prospects, or returns. Fund investment involves risks.
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