Consumer staples stocks showed mixed trading on Wednesday (August 7), with the Food & Beverage ETF (515710) tracking the sector's performance dipping in early trade before climbing back into positive territory. As of this writing, the fund's on-exchange price was up 0.2%. Among individual components, consumer staples led the gains. Instant-beverage maker Yangyuan Beverage surged over 5%, while Yiming Food and Kingdomway each rose more than 4%. Other notable gainers included Andre Juice, Lotus Health Group, and CSPC Innovation Pharmaceutical. Several major baijiu names also performed well, with Luzhou Laojiao gaining over 1%, and Wuliangye Yibin Co.,Ltd. and Shanxi Xinghuacun Fen Wine Factory also among the top movers.
On the news front, market reports on Wednesday indicated that multiple distributors of Wuliangye Yibin Co.,Ltd. have announced price increases for the eighth-generation Wuliangye product. The wholesale price per case has risen by over 100 yuan, with a 30 yuan increase per bottle. By evening, some liquor merchants were quoting wholesale prices per case that were 130 yuan higher than the previous week. Analysts suggest that despite the current off-season for baijiu sales, we are seeing a recovery in costs and a rebound in market prices. As the traditional peak sales seasons like the Mid-Autumn Festival and National Day approach, demand is expected to be released, likely driving prices steadily higher.
From a valuation perspective, the consumer staples sector remains at a low point. Data shows that as of Tuesday's close (August 6), the CSI Food & Beverage Index, which the Food & Beverage ETF (515710) tracks, has a price-to-earnings (P/E) ratio of 20.32 times, sitting at just the 11.37th percentile of its 10-year range (source: Wind). This highlights the attractive long-term value proposition at current levels. (Note: The annual returns for the CSI Food & Beverage Index over the past five complete years were: 2025: -11.63%; 2024: -6.12%; 2023: -19.84%; 2022: -15.27%; 2021: -8.3%. The annual volatility over the same period was: 2025: 13.51%; 2024: 37.1%; 2023: 20.98%; 2022: 29.22%; 2021: 34.04%).
Looking ahead, Sinolink Securities suggests that due to a low base comparison in the second half of the year, most baijiu companies are likely to see their financial reports stabilize. This implies that the risk of further downward earnings-per-share (EPS) revisions is limited given current cautious expectations. The current pricing appears to adequately reflect the underlying fundamentals. At the individual stock level, baijiu companies with differentiated competitive advantages are expected to break through constraints and achieve new levels of scale in the current cycle. For investors seeking a single-ticket allocation to the core assets of the consumer staples sector, the Food & Beverage ETF (515710) is a key option. According to data from the China Securities Index Company, the fund tracks the CSI Sub-Industry Food & Beverage Index, with baijiu stocks accounting for nearly 50% of its holdings. Its top 10 constituents include major names like Kweichow Moutai, Wuliangye, Luzhou Laojiao, Shanxi Fen Wine, Yanghe, Yili Industrial, and Haitian Flavouring. Off-exchange investors can also gain exposure through the fund's feeder funds (Class A: 012548, Class C: 012549). (Note: When subscribing or redeeming fund shares, the agent may charge a commission of up to 0.5%, which includes fees charged by the stock exchange and registration institutions. For fund fee rates, please refer to the fund's legal documents. Source: Shanghai and Shenzhen stock exchanges, etc., as of August 7, 2026. Disclaimer: The Food & Beverage ETF (515710) passively tracks the CSI Sub-Industry Food & Beverage Index, which was established on December 31, 2004, and published on April 11, 2012. The index's constituent stocks are adjusted periodically according to its rules. The index's back-tested historical performance does not predict future performance. The stocks mentioned in this article are only for the purpose of illustrating the index's constituents and do not constitute a stock recommendation, nor do they represent the fund manager's investment direction. Any information, including but not limited to stocks, commentary, forecasts, charts, indicators, theories, or any form of expression, is for reference only. Investors must take full responsibility for their own investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice to readers. The author is not liable for any direct or indirect losses arising from the use of this content. Investors should carefully read the fund contract, prospectus, and key facts statement to understand the fund's risk-return profile and choose a product suitable for their own risk tolerance. Past performance does not guarantee future results, and the performance of other funds managed by the same fund manager does not guarantee the performance of this fund. According to the fund manager's assessment, the risk rating of the Food & Beverage ETF (515710) is R3 (Medium Risk), suitable for balanced (C3) and above investors. Please refer to the sales institution for the appropriate matching opinion. Sales institutions assess the risk of these funds under relevant laws and regulations. Investors should pay attention to the suitability opinion issued by the fund manager. The suitability opinions of different sales institutions may not be consistent, and the risk rating issued by a sales institution cannot be lower than that issued by the fund manager. The risk-return profile and risk rating in the fund contract may differ due to different considerations. Investors should understand the fund's risk and return, and carefully choose fund products based on their own investment objectives, time horizon, experience, and risk tolerance, bearing the risks themselves. The registration of the fund by the China Securities Regulatory Commission does not imply a substantive judgment or guarantee of the fund's investment value, market outlook, or returns. Fund investment involves risk. MACD Golden Cross Signal Formed, These Stocks Are Performing Well!)
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