[Everbright Securities: liquor plate upward trend is clear] May 9, Everbright Securities Research report said that the liquor sector showed resilience, got off to a smooth start in 2023, and total revenue grew steadily in the first quarter. the performance of famous real estate spirits and high-end spirits is better, the upward upgrading trend of the structure continues, there may be differentiation in stages, and the efficiency is optimized while the cost is increased. The quality of operation is good, and there is still room for advance payment. The most stressful phase has passed and the upward trend is clear.