Tianfeng Securities believes that the various limitations faced in the past, such as price levels, regions, scenarios, and demographics, have gradually been overcome in recent years under the leadership of the yellow wine industry in promoting "nationalization, high-end development, and youthfulness." The industry is expected to experience a revival led by the industry leaders. At the same time, these leaders, as the drivers of the industry's breakthrough, are also likely to be the first to enjoy the dividends of the industry's revival. It is recommended to pay attention to the growth potential of yellow wine leaders that have already achieved success in high-end and nationalization directions
