行情回顾：报告期内上证综指、深证成指、创业板指和沪深 300 指数涨跌幅分别为+2.77%、+1.29%、+2.01%和+1.21%。 申万28 个一级行业指数中，涨跌幅排名前三的分别是采掘 （+12.19%）、有色金属（+11.36%）和电气设备（+7.10%）； 后三位的是家用电器（-3.35%）、通信（-2.30%）和房地产 （-2.04%），食品饮料跑赢沪深指数0.75 个百分点。各子板 块中，涨跌幅排名前三的分别是葡萄酒（+4.61%），白酒 （+2.96%）和啤酒（+2.28%）。

1. 市场行情回顾 ····························································································································································· 3

1.1 报告期内SW 食品饮料跑赢沪深 指数 ·········································································································

1.2 上周SW 食品饮料各子板块表现 ·························································································································

1. 2 21 年初至今SW 食品饮料指数排名倒数第三位 ····························································································· 4

1.4 估值较前期有所回落············································································································································· 5

2. 行业及公司动态回顾 ··················································································································································· 5

2.1 华润啤酒拟进军中国白酒业务 ····························································································································· 5

2.2 酒鬼酒上半年净利5.1 亿元，总产能将扩至228 吨/年 ················································································ 5

2. 广州酒家拟投资约 亿元建湘潭基地二期速冻项目 ························································································· 6

2.4 金字火腿：定增扩建智能化产能 ························································································································· 6

2.5 山西汾酒上半年营收121 亿元，完成全年目标66.64% ···················································································· 7

2.6 蒙牛乳业：上半年净利润29.47 亿元，同比增加14 .2% ················································································· 7

2.7 白水县建设白酒产业集群 ····································································································································· 8

2.8 洋河股份第二季度营收净利涨幅均超2 % ········································································································· 8

2.9 加加食品上半年实现营收8.4 亿 ·························································································································· 9

3. 本周观点 ······································································································································································ 9

4. 风险提示 ···································································································································································· 10