Boosted by Peak Season Consumption Scenarios, Penghua CSI Alcoholic Drink Index ETF (512690) Rises 3.49% Intraday

NewTimeSpace News: As of 13:26 on January 29, 2026, the CSI Wine Index (399987) surged strongly by 3.74%. Component stocks followed suit with impressive gains: Huangtai Wine Industry rose 8.28%, Luzhou Laojiao climbed 6.95%, Jiugui Wine advanced 6.54%, and other stocks including Gujing Gongjiu and Shede Wine Industry also moved upward. ThePenghua CSI Alcoholic Drink Index ETF (512690) rose 3.49% to close at RMB 0.53 intraday. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

In terms of liquidity, thePenghua CSI Alcoholic Drink Index ETF recorded an intraday turnover rate of 7.59% and a trading volume of RMB 1.43 billion. Over a longer horizon, as of January 28, the ETF's average daily trading volume in the past year reached RMB 898 million.

In terms of scale, the ETF's latest size stood at RMB 18.459 billion. (Data source: Wind)

In terms of shares, the ETF's latest share count reached 35.809 billion, a new high in nearly a month. (Data source: Wind)

Regarding capital inflows, thePenghua CSI Alcoholic Drink Index ETF has achieved consecutive net capital inflows over the past 6 days, with a maximum single-day net inflow of RMB 325 million. The total accumulated capital inflow amounted to RMB 1.108 billion, with an average daily net inflow of RMB 185 million. (Data source: Wind)

Data shows that leveraged funds have been continuously increasing their positions. Since the beginning of this month, the net financing purchase amount of thePenghua CSI Alcoholic Drink Index ETF has reached RMB 3.7025 million, and the latest financing balance stands at RMB 1.05 billion. (Data source: Wind)

In terms of profitability, as of January 28, 2026, since its establishment, thePenghua CSI Alcoholic Drink Index ETF has achieved a maximum monthly return of 26.08%, the longest consecutive upward period of 5 months with a cumulative increase of 85.52%, and an average return of 8.38% in rising months. As of January 28, 2026, the ETF's annualized excess return over the benchmark in the past 2 years was 2.54%.

In terms of drawdown, as of January 28, 2026, the ETF's maximum drawdown since the beginning of this year was 6.92%, with a relative benchmark drawdown of 0.06%.

In terms of fees, the ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

In terms of tracking accuracy, as of January 28, 2026, the ETF's tracking error since the beginning of this year was 0.021%.

From a valuation perspective, the latest price-to-earnings ratio (PE-TTM) of the CSI Wine Index tracked by the ETF is only 17.71 times, which is at the 0.4th percentile of the past year. This means the valuation is lower than 99.6% of the time over the past year, standing at a historical low level.

ThePenghua CSI Alcoholic Drink Index ETF closely tracks the CSI Wine Index. This index selects listed company securities engaged in businesses such as Baijiu, beer, and wine brewing as index samples to reflect the overall performance of liquor-related listed company securities.

Data shows that as of December 31, 2025, the top 10 constituent stocks by weight of the CSI Wine Index (399987) were Kweichow Moutai, Wuliangye Yibin, Luzhou Laojiao, Shanxi Fenjiu, Yanghe Co., Ltd., Jinshiyuan Wine Industry, Tsingtao Brewery, Gujing Gongjiu, Yanjing Beer, and Shede Wine Industry. The total weight of these top 10 stocks accounted for 77.85%. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

CITIC SECURITIES CO.,LTD. stated that considering various factors such as the gradual stabilization of product sales, one additional day in the 2026 Spring Festival holiday, and the Spring Festival consumption scenarios for Baijiu, the actual sales of Baijiu during the 2026 Spring Festival are expected to remain stable. Furthermore, given the clear trend of gradual recovery in the future, it is optimistic about the bottom-up allocation opportunities in the Baijiu industry.

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