NewTimeSpace News:As of 13:26 on February 13, 2026, the CSI Wine Index (399987) rose 0.65%. Among its constituent stocks, Gujing Gongjiu Co., Ltd. gained 2.02%, Wuliangye Yibin Co., Ltd. rose 1.78%, Weixiong Co., Ltd. advanced 1.32%, Luzhou Laojiao Co., Ltd. climbed 0.92% and Chongqing Beer Co., Ltd. inched up 0.70%. ThePenghua CSI Alcoholic Drink Index ETF (512690) rose 0.75% to RMB 0.54 per share. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, thePenghua CSI Alcoholic Drink Index ETF recorded an intraday turnover rate of 2.79% with a trading volume of RMB 519 million. In the longer term, as of February 12, the ETF had an average daily trading volume of RMB 1.261 billion over the past month.

In terms of scale, the latest size of thePenghua CSI Alcoholic Drink Index ETF stood at RMB 18.52 billion. (Data source: Wind)

In terms of capital flows, thePenghua CSI Alcoholic Drink Index ETF saw a latest net capital outflow of RMB 9.6782 million. Over the recent 23 trading days, it registered net capital inflows on 14 days, attracting a total of RMB 1.076 billion in capital with an average daily net inflow of RMB 46.7628 million. (Data source: Wind)

Data showed that leveraged capital has been continuously building positions in the ETF. The latest margin purchase amount of thePenghua CSI Alcoholic Drink Index ETF reached RMB 133 million, with the latest margin trading balance standing at RMB 896 million. (Data source: Wind)

In terms of profitability, as of February 12, 2026, thePenghua CSI Alcoholic Drink Index ETF has achieved a maximum monthly return of 26.08% since its inception, with the longest streak of consecutive monthly gains at 5 months and a cumulative increase of 85.52% during that period. Its average monthly return in rising months stood at 8.18%. As of February 12, 2026, the ETF had an annualized excess return of 2.63% over the benchmark in the past two years.

In terms of drawdown, as of February 12, 2026, thePenghua CSI Alcoholic Drink Index ETF had a maximum drawdown of 6.92% since the start of the year, with a relative benchmark drawdown of 0.17%. It only took 2 days for the ETF to recover from the drawdown.

Regarding fees, thePenghua CSI Alcoholic Drink Index ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

In terms of tracking accuracy, as of February 12, 2026, thePenghua CSI Alcoholic Drink Index ETF had a tracking error of 0.059% since the beginning of the year.

From a valuation perspective, the latest price-to-earnings ratio (PE-TTM) of the CSI Wine Index tracked by thePenghua CSI Alcoholic Drink Index ETF was only 19.13 times, at the 18.67th percentile over the past three years. This means the valuation was lower than that in more than 81.33% of the time over the past three years, standing at a historically low level.

ThePenghua CSI Alcoholic Drink Index ETF closely tracks the CSI Wine Index, which selects listed securities of companies engaged in the brewing of Baijiu, beer, wine and other alcoholic beverages as index samples, reflecting the overall performance of listed securities related to the alcoholic beverage industry.

Data showed that as of January 30, 2026, the top 10 weighted stocks of the CSI Wine Index (399987) were Kweichow Moutai Co., Ltd., Wuliangye Yibin Co., Ltd., Luzhou Laojiao Co., Ltd., Shanxi Fenjiu Co., Ltd., Yanghe Brewery Joint-Stock Co., Ltd., Jiangsu Jinsiyuan Wine Industry Co., Ltd., Gujing Gongjiu Co., Ltd., Tsingtao Brewery Co., Ltd., Yanjing Brewery Co., Ltd. and Shede Spirits Co., Ltd., accounting for a total of 77.45% of the index's weight. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

Shengang Securities stated that the demand for Baijiu surged in the month preceding the Spring Festival this year, and the overall offtake performance of distributors of renowned Baijiu brands exceeded expectations. Feedback from the overall distribution channel indicated that shipment volumes declined by 10% to 20%, while some distributors reported flat or year-on-year growth in performance. This marks an improvement compared with the slow Spring Festival offtake pace in recent years amid pressure on the Baijiu industry.

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