白酒板块报表压力加速释放，行业营收放缓，利润增速略慢于收入。从报表质量来看， 多数酒企回款慢于收入,同时产品结构升级放缓，白酒板块盈利基本持平。啤酒来看，需求偏 弱下龙头量价均略承压，产品结构表现偏弱，但青啤中高端产品销量韧性较强。成本红利延 续，酒企积极提质增效，整体费用率稳健，盈利能力提升略有放缓。

业绩表现:24Q3 行业明显降速，龙头报表端主动纾压. 结构维度:各价位带分化显著，高端延续稳健表现. 思考与展望:业绩凸显韧性，企业回归理性，期待需求、估值同步改善

2023 年以来伴随消费场景恢复，餐饮收入稳步修复，但总体复苏力度较弱，2024 年 7-9 月社零餐饮较 2019 年复合增速分别为 3.63%、2.25%、2.92%，环比 2024Q2 略有放缓。其中，限额以上（连锁大 B）餐饮受竞争加剧、降价潮影响,增速环比放缓更为明显，限额以下餐饮企业（小 B）修复速度没有明显放缓，韧性更强。  

2024年1-8月，我国饮料制造行业企业数量达到5937家，其中亏损企业数量1412家。我国饮料制造行业累计亏损总额 71.9亿元，累计减少0.7%。2024年1-8月，我国饮料制造业营业收入达到10585.5亿元，累计增长2.9%，行业实现利润总额达到1993.0亿元，累计增长11.2%。

Stout and porter beer are types of craft beer. Stout is a dark, top-fermented beer with a number of variations, including dry stout, Baltic porter, milk stout, and imperial stout. Porters are dark beers with big chocolate and coffee aromas and flavors. The only main difference between stout and porter beer is the kind of malt that is used to brew each type of beer. Porters use malted barley, and stouts are primarily made from unmalted roasted barley.

Traditionally root beer is made from the sassafras tree, and it can be either alcoholic or non-alcoholic. It can contain caffeine or can be decaffeinated.

Nitro-infused beverages are drinks that have been infused with nitrogen gas. The infusion of nitrogen gas into beverages gives them (beverages) a creamy, smooth texture and a rich, velvety mouthfeel. Nitrogen is less soluble in liquid than carbon dioxide, so the bubbles created are smaller and more stable, contributing to the unique texture. Nitro infusion is a commonly used technique in coffee, beer, and tea. They are often served on tap, similar to draft beer, to maintain the effect of nitrogen infusion and are known for their distinctive, frothy consistency.

Filtration systems are used in the food and beverage industry for clarifying products, removing spoilage microorganisms, and stabilizing products and other applications, which in turn, ensure the quality of edible products.