Penghua CSI Alcoholic Drink Index ETF (512690) Rises 1.83% in Early Trading; Kweichow Moutai Raises Prices for First Time in Two and a Half Years

NewTimeSpace News - As of 09:38 on March 31, 2026, the Penghua Liquor ETF (512690) rose 1.83%, targeting its third consecutive gain, with its latest price reaching 0.5 yuan. Looking at a longer timeframe, as of March 30, 2026, the ETF has accumulated a gain of 1.86% over the past week. (The stocks listed above are solely index constituents and do not constitute specific investment recommendations.)

In terms of liquidity, the Penghua Liquor ETF recorded an intraday turnover rate of 1.3% and a trading volume of 234 million yuan. Looking at a longer timeframe, as of March 30, the ETF's average daily trading volume reached 918 million yuan over the past year.

Regarding fund size, the Penghua Liquor ETF's latest AUM stands at 17.638 billion yuan. (Data source: Wind)

For capital flows, the Penghua Liquor ETF recorded a net outflow of 102 million yuan in the latest session. Looking at a longer timeframe, the ETF has attracted a total of 11.99 million yuan over the past 10 trading days. (Data source: Wind)

Data indicates continued positioning by leveraged funds. The Penghua Liquor ETF recorded a margin purchase of 95.9639 million yuan in the latest session, with its latest margin balance reaching 849 million yuan. (Data source: Wind)

In terms of return capability, as of March 30, 2026, since its inception, the ETF has achieved a maximum monthly return of 26.08%, a maximum consecutive rising period of 5 months, a maximum consecutive gain of 85.52%, and an average monthly return of 8.18% during rising months. As of March 30, 2026, the Penghua Liquor ETF has outperformed its benchmark by 2.61% in annualized returns over the past 2 years.

Regarding drawdown, as of March 30, 2026, the Penghua Liquor ETF's relative benchmark drawdown this year was 0.17%.

In terms of fee structure, the Penghua Liquor ETF charges a management fee of 0.50% and a custody fee of 0.10%.

For tracking accuracy, as of March 30, 2026, the Penghua Liquor ETF's tracking error over the past month was 0.019%.

From a valuation perspective, the CSI Liquor Index tracked by the ETF currently has a price-to-earnings ratio (PE-TTM) of only 18.05x, standing at the 5.26th percentile over the past year, meaning the valuation is lower than 94.74% of the time during the past year, indicating a historically low level.

The Penghua Liquor ETF closely tracks the CSI Liquor Index, which selects listed companies engaged in baijiu, beer, and wine brewing as index constituents to reflect the overall performance of liquor-related listed companies.

On the news front, after two and a half years, Kweichow Moutai has raised prices again. The contract price for 53-degree Flying Moutai has been adjusted from 1,169 yuan per bottle to 1,269 yuan per bottle, while the retail price in the self-operated system has been adjusted from 1,499 yuan per bottle to 1,539 yuan per bottle.

CITIC Securities stated that the 2026 Spring Sugar and Wine Fair presented relatively clear characteristics of an industry bottom. This year's hotel exhibition was the smallest in scale over the past five years, with market enthusiasm noticeably cooling. Leading liquor enterprises are actively promoting lean operations and deepening market construction with consumers at the center. The current baijiu industry has entered a deep adjustment phase, with market pessimistic sentiment and expectations having been largely digested. As the consumption environment improves or approaches an inflection point, high-end liquor enterprises with solid consumption foundations are expected to lead the sector's recovery.

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