The food and beverage sector experienced an upward surge against the market trend today (March 27). Reflecting the overall movement of the sector, Huabao's Food and Beverage ETF (515710) quickly climbed after opening, with its intraday price reaching a peak increase of 1.11%. As of this report, it is up 0.92%.
Among the constituent stocks, mass-market consumer goods led the gains, with some baijiu stocks also performing notably. At the time of writing, Adisseo and Foshan Haitian Flavouring & Food Co., Ltd. both surged over 6%, while Zhongju High-tech and Yanjin Shop Food Co., Ltd. rose more than 3%. Kweichow Moutai Co.,Ltd., Wuliangye, Yanghe Distillery Co., Ltd., and others were also among the top gainers.
On the news front, Moutai's sauce-aroma baijiu achieved a "strong start" in the first quarter of 2026 through its e-commerce channels. According to a report from the Moutai Sauce-Aroma Liquor Marketing Company's official WeChat account, the 2026 Moutai Sauce-Aroma Liquor E-commerce Distributor Operation Training Exchange and Fellowship Meeting was held in Chengdu on March 23-24. Shortly before this, the Moutai Sauce-Aroma Liquor flagship store reported a 650% year-on-year increase in annual sales.
Analysts pointed out that Moutai's benchmark e-commerce performance validates its strategic direction. Enhanced manufacturer-distributor collaboration to directly reach consumers has further strengthened the certainty of its full-year growth.
From a valuation perspective, the food and beverage sector remains at historically low levels. Data shows that as of the close yesterday (March 26), the price-to-earnings ratio of the SSE Sub-index of Food & Beverage, which the Huabao Food and Beverage ETF (515710) tracks, was 19.02 times. This places it at the 1.37th percentile over the past decade, highlighting its attractive medium-to-long-term investment value.
Looking ahead, Aijian Securities noted that as policy pressures gradually ease and consumption-boosting policies take effect, demand is expected to recover gradually. The industry is currently at a valuation low point with pessimistic expectations fully priced in. It is anticipated that the path for industry consolidation will become clearer, making the market bottom more evident. Efforts to control supply and stabilize prices are driving wholesale price recovery. The relative stability of standard product wholesale prices after the holiday off-season presents a positive signal. Leading distilleries are increasing dividend payout ratios, making dividend yields attractive for investment.
For convenient access to core assets in the food and beverage sector, focus on the Huabao Food and Beverage ETF (515710). According to China Securities Index Co., Ltd., this ETF tracks the CSI Sub-index of Food & Beverage Industry Theme Index, with leading baijiu holdings accounting for nearly 60% of its portfolio. Its top ten holdings include Kweichow Moutai Co.,Ltd., Wuliangye, Luzhou Laojiao, Shanxi Xinghuacun Fen Wine, Yanghe Distillery Co., Ltd., Inner Mongolia Yili Industrial Group Co., Ltd., and Foshan Haitian Flavouring & Food Co., Ltd. Off-exchange investors can also gain exposure to these core assets through the ETF's feeder fund (Class A: 012548 / Class C: 012549).
Note: When subscribing for or redeeming fund units, agents may charge a commission of up to 0.5%, which includes fees levied by stock exchanges and registration institutions. Please refer to the fund's legal documents for detailed fee schedules.
MACD golden cross signals have formed, indicating positive momentum for these stocks.
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