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东莞证券-食品饮料行业疫后复苏之白酒行业专题报告:春意已近,静待花开-230426

◼ 白酒市场强者恒强,马太效应进一步凸显。我国白酒产量在2016年达到高点后连续6年下跌。2022年,我国白酒产量为671万千升,同比下降6.2%。虽然我国白酒产量近几年总体下降,但规模以上白酒企业的销售收入与利润整体呈增长态势。2022年,在疫情扰动下,我国规模以上白酒企业累计销售收入与累计利润总额同比仍实现不同程度增长,分别为9.6%与29.4%。规上白酒企业业绩实现不同程度增长,一定程度上说

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