The food and beverage sector showed strong upward momentum today (April 8). Huabao Fund's Food and Beverage ETF (515710) opened higher and continued to rise during the session, with its intraday price reaching a peak increase of 1.09%. As of the latest update, it has gained 0.91%.
Among the constituent stocks, consumer goods led the gains, with some baijiu stocks also performing notably. At the time of writing, Lianhua Holdings hit the daily limit up, while Yangyuan Zhiyin surged over 4%. Kweichow Moutai, Luzhou Laojiao, and Shanxi Xinghuacun Fen Wine also recorded significant gains.
On the news front, Wuliangye Yibin Co.,Ltd. revealed that despite export pressures in the industry, the company achieved counter-trend growth, with export value increasing by 11.7% year-on-year in 2025. During the "Yuanchun" period, sales volume grew by 64%, demonstrating strong resilience in international expansion.
From a valuation perspective, the food and beverage sector remains at a relatively low level. Data shows that as of yesterday's (April 7) close, the price-to-earnings ratio of the Segmented Food Index, tracked by Huabao's Food and Beverage ETF (515710), stood at 19.5 times, near the 2.94th percentile of its 10-year range, highlighting attractive medium- to long-term investment value.
Looking ahead, Tianfeng Securities noted that the baijiu industry is building momentum through inventory reduction, channel transformation, and demand restructuring. A full recovery will depend on the stabilization of the external economy, which would boost government and business demand, as well as the fading impact of policy measures. Given the low base in the same period of 2025, baijiu sales are expected to gradually recover in the second half of the year.
Kaiyuan Securities pointed out that as the absolute leader in the baijiu sector, Moutai's price increases have alleviated pricing pressure on other renowned baijiu companies, establishing a clear price floor for the industry. The overall baijiu market is anticipated to stabilize gradually. Amid increasing industry differentiation, leading companies, with their strong brand barriers and channel control, exhibit greater risk resistance and earnings resilience. The firm remains optimistic about the investment value of leading baijiu stocks.
For convenient exposure to core assets in the food and beverage sector, investors may consider Huabao's Food and Beverage ETF (515710). According to China Securities Index Co., this ETF tracks the CSI Segmented Food and Beverage Industry Theme Index, with baijiu leaders accounting for nearly 60% of its holdings. Top-weighted stocks include Moutai, Wuliangye, Luzhou Laojiao, Shanxi Fenjiu, Yanghe, as well as Yili and Haitian Flavouring. Off-exchange investors can also access core sector assets through the ETF's feeder funds (Class A: 012548; Class C: 012549).
Note: Fees are detailed in each fund's legal documents. Source: Shanghai and Shenzhen Stock Exchanges, as of April 8, 2026. Reminder: Recent market volatility may be high; short-term gains or losses do not indicate future performance. Investors should make rational decisions based on their financial situation and risk tolerance, with careful attention to position and risk management.
Risk Disclosure: Huabao Food and Beverage ETF passively tracks the CSI Segmented Food and Beverage Industry Theme Index, which has a base date of December 31, 2004, and was launched on April 11, 2012. The index's constituent stocks are adjusted according to its rules, and its historical performance does not predict future results. Stocks mentioned are for illustrative purposes only and do not constitute recommendations or reflect the fund manager's investment direction. All information provided is for reference, and investors are responsible for their own decisions. Views, analyses, and forecasts do not constitute investment advice, and no liability is accepted for any losses incurred. Investors should read the fund's legal documents to understand its risk-return profile and choose products matching their risk tolerance. Past performance does not guarantee future results. The fund manager assesses this ETF as R3-medium risk, suitable for balanced (C3) or higher risk-tolerant investors. Sales institutions provide suitability opinions, which may differ. Fund risk ratings by sales institutions shall not be lower than the manager's assessment. The fund's risk characteristics may differ from its risk rating. Invest with caution after understanding the risks. CSRC registration does not guarantee returns or market prospects.
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