证券研究报告变，次高端逻辑持续兑现；大众品情绪最悲观时点已过，估值回落后龙头企业的投资价值凸显，基于此我们维持食品饮料行业“推荐”评级。白酒：推荐贵州茅台、口子窖、洋河股份、今世缘、古井贡酒、泸州老窖、山西汾酒、伊力特、五粮液、金徽酒等，大众品：推荐百润股份、绝味食品、伊利股份、元祖股份、天润乳业、甘源食品、安井食品、洽洽食品、国联水产等，短期推荐：贵州茅台、百润股份、绝味食品，■5、风险提示：1)疫情影响餐饮渠道恢复低于预期；2)宏观经济波动导致消费升级速度受阻；3)行业政策变化导致竞争加剧；4)原材料价格大幅上涨；5)重点关注公司业绩或不及预期：6)食品安全事件等，重，点关注公司及盈利预测2023/6/30EPSPE代码名称20222023E2024E20222023E2024E评纸600519贵州茅台1.691.0049.9360.8873.1733.927.823.1买入000858五粮液163.576.887.819.1223.820.917.9买入000568泸州老客209.577.068.9410.9229.723.419.2买入600809山西汾酒185.076.658.3610.3027.822.118.0买入002304洋河股份131.356.237.749.3321.117.014.1买入000596古井贡酒247.385.957.689.6341.632.225.7买入603369今世缘52.802.012.513.1326.321.016.9买入603589口子客49.352.583.173.8419.115.612.9买入600779水井坊58.992.502.563.0123.623.019.6增持603919金徽酒23.480.550.821.0542.728.622.4增持600197伊力特27.170.350.861.0477.631.626.1买入600600103.632.743.303.8837.831.426.7买入600132重庆啤酒92.162.613.163.7935.329.224.3增持002568百润股份36.350.500.941.2972.738.728.2买入603288海天味业46.851.341.501.7035.031227.6增持600298安琪酵母36.211.571.762.1323.120.617.0买入600872中炬高新36.790.901.0840.934.1增持00250718.311.011.121.2318.116.314.9增持600887伊利股份28.321.481.722.0219.116.514.0买入600597光明乳业10.400260490.5740.021218.2增持000895双汇发展24.491.621.741.8815.114.113.0增持605499东鹂饮料172.903.604.595.7148.037.730.3买入603345安井食品146.803.895.296.6237.727.8222买入300973立高食品68.420.851812.4180.537.828.4增持001215千味央厨66.491201.682.2355.439.629.8买入请务必阅读正文后免黄条款部分2