--- title: "Huaan Securities Food and Beverage 2025 Strategy: Focus on \"High Prosperity Momentum\" and \"Cyclical Recovery\" as Two Main Lines, Opportunities for Industry Going Abroad Cycle Have Arrived" type: "News" locale: "en" url: "https://longbridge.com/en/news/223893023.md" description: "Huasan Securities released its 2025 strategy, focusing on two main lines: \"high prosperity momentum\" and \"cyclical recovery,\" pointing out that the opportunity for industrial overseas expansion has arrived. It is expected that consumption recovery policies will drive valuation recovery in the food and beverage sector, suggesting attention to investment opportunities in areas such as soft drinks, snacks, dining, and liquor. The main recommendations include EASTROC BEVERAGE, BAIRUN CORPORATION, and Three Squirrels, emphasizing the impact of policy stimulus on mass demand" datetime: "2025-01-03T08:59:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/223893023.md) - [en](https://longbridge.com/en/news/223893023.md) - [zh-HK](https://longbridge.com/zh-HK/news/223893023.md) generator: "portal-rs" --- # Huaan Securities Food and Beverage 2025 Strategy: Focus on "High Prosperity Momentum" and "Cyclical Recovery" as Two Main Lines, Opportunities for Industry Going Abroad Cycle Have Arrived According to the Zhitong Finance APP, Huazhang Securities released a research report stating that looking ahead to 2025, the policy direction for consumption recovery is clear, and under a moderately loose monetary policy, there is room for valuation recovery in the sector. Coupled with the subsequent rebound in fundamentals, the food and beverage sector is expected to experience a Davis double hit. The market performance may unfold in three stages: valuation recovery - performance recovery - Davis double hit, currently transitioning from valuation recovery to performance recovery. It is recommended to focus on two investment main lines: "high prosperity momentum" and "pro-cyclical recovery," and to uniquely highlight that the opportunity for "industry going overseas cycle" has arrived. ## **The main viewpoints of Huazhang Securities are as follows:** **Investment Main Line 1: High Prosperity Momentum, Focus on Soft Drinks and Snacks** It is expected that in 2025, the demand side for soft drinks and snacks can still maintain strong momentum, mainly due to the continuation of the cost-performance ratio trend, coupled with policy stimulus focusing on mass demand. On the supply side, for soft drinks, attention should be paid to product expansion and overseas incremental growth, while for snacks, attention should be paid to changes in channel bargaining power. For the soft drink sector, the top picks are Dongpeng Beverage (605499.SH) and BAIRUN CORPORATION (002568.SZ), which have stable main business growth and positive feedback on new products, as well as related stocks such as Nongfu Spring (09633) and China Resources Beverage (02460). For the snack sector, the top picks are Three Squirrels (300783.SZ) and Yan Jin Pu Zi (002847.SZ), which are gradually gaining control over channel bargaining power in terms of product system, supply chain cost reduction, and channel customer acquisition. **Investment Main Line 2: Pro-Cyclical Recovery, Focus on Catering and Baijiu** It is expected that the recovery slope for the catering chain will be greater than that for Baijiu, mainly because the stimulus policies have a quicker effect on mass demand. The recommended order for the catering chain is seasoning > catering supply > beer, with certainty in seasoning, elasticity in catering supply, and attention to the premiumization of beer and improvement in dairy products. The top picks are Hai Tian Wei Ye (603288.SH), Angel Yeast (600298.SH), and Tian Wei Food (603317.SH), with a focus on China Resources Beer (00291). For the Baijiu sector, the recovery order is leading real estate > high-end > sub-high-end, with attention to the resilient operations of Gujing Gongjiu (000596.SZ), Yingjia Gongjiu (603198.SH), and Jin Shiyuan (603369.SH), as well as the fundamentally elastic Wuliangye (000858.SH) and Shanxi Fenjiu (600809.SH). **Exclusive Tip 3: Going Overseas for New Increment, Entering Southeast Asia and Global Layout** It is expected that the industry going overseas cycle has arrived, with leading domestic enterprises moving from 0 to 1 in laying out overseas businesses, raising the long-term ceiling. The regional choice starts with the Southeast Asian market, while the category choice prioritizes energy drinks, freshly brewed tea drinks, and base tone adjustments. Supply chain layout can be seen as a clear strategic signal, with leading domestic enterprises possessing strong supply chain management capabilities and market insight. Considering the current pace of overseas strategy implementation and their own endowments, Dongpeng Beverage (605499.SH), Angel Yeast (600298.SH), Hai Tian Wei Ye (603288.SH), and Yihai International (01579) are worth significant expectations, and attention should also be paid to the overseas progress of three major categories: packaged water, freshly brewed tea drinks, and bulk snacks **Risk Warning:** The strength of consumer stimulus policies is less than expected, the recovery of the atmosphere for business banquets is slower than anticipated, raw material costs are rising, and market competition is intensifying ### Related Stocks - [300783.CN](https://longbridge.com/en/quote/300783.CN.md) - [605499.CN](https://longbridge.com/en/quote/605499.CN.md) - [002568.CN](https://longbridge.com/en/quote/002568.CN.md) - [603198.CN](https://longbridge.com/en/quote/603198.CN.md) - [603317.CN](https://longbridge.com/en/quote/603317.CN.md) - [06979.HK](https://longbridge.com/en/quote/06979.HK.md) - [02150.HK](https://longbridge.com/en/quote/02150.HK.md) - [000799.CN](https://longbridge.com/en/quote/000799.CN.md) - [600909.CN](https://longbridge.com/en/quote/600909.CN.md) - [09633.HK](https://longbridge.com/en/quote/09633.HK.md) - [002847.CN](https://longbridge.com/en/quote/002847.CN.md) - [300106.CN](https://longbridge.com/en/quote/300106.CN.md) - [200596.CN](https://longbridge.com/en/quote/200596.CN.md) - [603288.CN](https://longbridge.com/en/quote/603288.CN.md) - [002732.CN](https://longbridge.com/en/quote/002732.CN.md) - [002719.CN](https://longbridge.com/en/quote/002719.CN.md) - [01519.HK](https://longbridge.com/en/quote/01519.HK.md) - [600132.CN](https://longbridge.com/en/quote/600132.CN.md) - [01876.HK](https://longbridge.com/en/quote/01876.HK.md) - [002910.CN](https://longbridge.com/en/quote/002910.CN.md) - [00168.HK](https://longbridge.com/en/quote/00168.HK.md) - [603369.CN](https://longbridge.com/en/quote/603369.CN.md) - [603719.CN](https://longbridge.com/en/quote/603719.CN.md) - [600298.CN](https://longbridge.com/en/quote/600298.CN.md) - [600882.CN](https://longbridge.com/en/quote/600882.CN.md) - [000858.CN](https://longbridge.com/en/quote/000858.CN.md) - [000596.CN](https://longbridge.com/en/quote/000596.CN.md) - [000729.CN](https://longbridge.com/en/quote/000729.CN.md) - [002304.CN](https://longbridge.com/en/quote/002304.CN.md) - [000860.CN](https://longbridge.com/en/quote/000860.CN.md) - [00291.HK](https://longbridge.com/en/quote/00291.HK.md) - [HEYTEA.NA](https://longbridge.com/en/quote/HEYTEA.NA.md) - [01579.HK](https://longbridge.com/en/quote/01579.HK.md) - [600809.CN](https://longbridge.com/en/quote/600809.CN.md) ## Related News & Research - [CLSA: US Treasury Interest Expenses Surge, Emerging Market Fund Flows Shift to Taiwan, S Korea and India](https://longbridge.com/en/news/296582942.md) - [Coffee Prices Slip on Brazil Harvest Pressures](https://longbridge.com/en/news/296636471.md) - [Foreign tariffs made US whiskey cheaper... depending on where you live](https://longbridge.com/en/news/296410427.md) - [Intouch Insight study finds 79.2% of grocery shoppers use digital tools before or during trips](https://longbridge.com/en/news/296834289.md) - [10:03 ETFort Worth's La Pulga Tequila Debuts 2026 TCU Horned Frogs Collector's Bottle](https://longbridge.com/en/news/296800156.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**