The eating and drinking sector is on the rise, with Huabao Fund Food & Beverage ETF (515710) reaching an intraday high of 1.45%! Institutions: Sector stock prices may be shifting from a "rebound" to a "reversal" trend.

The consumer goods sector saw choppy trading with an upward bias today (April 1), reflecting the intraday price gains of China Southern Asset Management Food & Beverage ETF Huabao (515710), which tracks the overall performance of the consumer goods sector. At one point during the session, the on-exchange intraday price increase reached 1.45%; as of the time of writing, it was up 0.91%.

In terms of constituent stocks, liquor-related stocks such as baijiu names led the gains. As of the time of writing, Shaoxing Shan hit the daily limit, and Yingsai Gong and Gujing Gong both jumped by more than 4%. Other gainers included Jinshiyuan, Dongpeng Beverage, and Tsingtao Brewery, among others.

An Everbright Securities analyst said it expects leisure food to continue to maintain a stable growth trend throughout the year, especially for companies that can capture advantages in new channels, which may have an overall performance stronger than the industry. In the trend of mass catering recovering, it remains optimistic about the certainty of upside in the performance of the frozen food industry. And in the baijiu sector, as Moutai’s factory price gradually stabilizes, in the second half, marginal improvement on the demand side is expected to bring an overall rebound in the industry.

From a valuation perspective, the consumer goods sector is still trading at a low valuation level. Data show that as of yesterday’s close (March 31), for China Southern Asset Management Food & Beverage ETF Huabao (515710), the underlying index’s segmentation—food and beverage index—had a price-to-earnings ratio of 19.56x. It is at the low end of the 3.13% percentile over the past 10 years, highlighting favorable cost-performance for medium- and long-term allocation.

Looking ahead, an Oriental Securities report said it continues to like the consumer goods and food & beverage sector’s supply-structure optimization, and believes upstream segments in the food and beverage industry chain that may have direct pricing power: agricultural product processing, food ingredient suppliers, and animal husbandry. Looking forward, as the trend of raw material prices rising may continue, some underlying names may experience an early supply-side turning point and opportunities for performance improvement. Recently, the consumer goods and food & beverage sector’s relative returns have been relatively clear. In essence, this is because the market’s risk appetite has eased and the sector has entered the earnings disclosure phase. As expectations for the sector’s earnings base forming gradually become clearer, sector stock prices may move from a “rebound” toward a “turnaround.”

Use one-click allocation to invest in core assets of the consumer goods and food & beverage sector; key focus is on China Southern Asset Management Food & Beverage ETF Huabao (515710). According to statistics from the CSI Index Company, China Southern Asset Management Food & Beverage ETF Huabao (515710) tracks the CSI Sub-Sector Food & Beverage Industry Theme Index. Baijiu leaders account for nearly 60% of the portfolio weight. The top ten weighted stocks include “Maowu Wulianglu Suo Fen Yang” (Maotai, Wuliangye, Luzhou Laojiao, Fenjiu, Yanghe, etc.), Yili Shares, Haitian Flavors & Foods, and more. Off-exchange investors can also allocate to core assets of the consumer goods and food & beverage sector through China Southern Asset Management Food & Beverage ETF Huabao Connect Fund (Class A 012548 / Class C 012549).

Note: For fee details, see the legal documents of each fund.

Source: Shanghai and Shenzhen Stock Exchanges, etc., as of 2026.4.1. Reminder: Market volatility in the near term may be relatively high; short-term price gains or declines do not predict future performance. Investors should make rational investments according to their own financial situation and risk tolerance, and pay close attention to position sizing and risk management.

Risk warning: China Southern Asset Management Food & Beverage ETF Huabao passively tracks the CSI Sub-Sector Food & Beverage Industry Theme Index. The index base date is 2004.12.31, and it was published on 2012.4.11. The composition of the index constituents is adjusted from time to time according to the index compilation rules; its historical backtested performance does not predict the index’s future performance. Individual stocks mentioned in this article are only presented objectively as example listings of index constituents, and do not constitute any recommendation for any individual stock. They do not represent the fund management company’s and the fund’s investment direction. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of statements) is provided only for reference. The investor is responsible for any investment actions they make independently. In addition, none of the opinions, analyses, or forecasts in this article constitute any form of investment advice to readers, nor does it assume responsibility for any direct or indirect losses arising from the use of the contents of this article. Investors should read fund legal documents such as the Fund Contract, Prospectus, and Fund Product Information Summary carefully, understand the risk-return characteristics of the fund, select products that are appropriate for their own risk tolerance, and assume risks on their own. Past performance of the fund does not predict its future performance; the performance of other funds managed by the fund manager does not guarantee the fund’s performance. Based on the fund manager’s assessment, China Southern Asset Management Food & Beverage ETF Huabao’s risk level is R3—medium risk. It is suitable for investors who are Balanced (C3) or above. For any suitability matching opinions, please refer to the recommendations of the sales institutions. Sales institutions (including the fund manager’s direct selling channels and other sales institutions) conduct risk assessments of the above funds based on relevant laws and regulations. Investors should promptly pay attention to the suitability opinions issued by the fund manager. The suitability opinions issued by different sales institutions may not necessarily be consistent, and the risk level evaluation results of the fund products issued by sales institutions must not be lower than the risk level evaluation results made by the fund manager. Differences exist in the fund contract regarding the fund’s risk-return characteristics and risk level due to differences in factors considered. Investors should understand the fund’s risk-return situation, make a cautious selection of fund products in light of their own investment objectives, time horizon, investment experience, and risk tolerance, and bear the risks themselves. The registration of the above funds by the CSRC of China does not indicate any substantive judgment or guarantee regarding the fund’s investment value, market prospects, or returns. Fund investment involves risk and should be done with caution.

The MACD golden cross signal has formed—these stocks are showing strong momentum!

Massive information and precise interpretation—right in the Sina Finance app

责任编辑：杨赐