Xinhua News Agency, June 2, Citic Construction Investment News said that the temperature has continued to rise recently, and beer consumption has entered the peak season. Although there is a high base of beer sales due to high temperature in May 2022, the excess increment mainly comes from middle and low-end products, which is a drag on tonnage prices. Thanks to the continuous recovery of channels, the production and marketing of the beer industry has accelerated since 2023, and the tonnage and product structure have increased rapidly in the first quarter. During the May Day period, the night stall economy and barbecue night market are hot. With the sustained recovery of public consumption in the second quarter, the growth rate of ton price will further increase compared with the same period last year, and the structure is expected to be significantly better than that of the same period last year. In terms of cost, the recent prices of aluminum, corrugated paper and glass have fallen compared with the same period last year, partly hedging the rising pressure of wine-making materials such as malt. Comprehensive income and cost change trend, plate flexibility space is larger. Beer enterprises will still focus on the input of medium and high-end products in 2023, and the trend of high-end will continue. It is expected that structured upgrading will pull more profit margins than direct price increases.