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图182020年光瓶酒是市场竞争格局
图182020年光瓶酒是市场竞争格局
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所属报告：
山西汾酒-公司研究报告-深水突围汾酒复兴再进阶-250328（32页）.pdf
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公司研究 但受白酒新国标对配制酒品类的限制性冲击，叠加消费升级浪潮下 50-80 元高线光瓶酒需求崛起，其市场份额在 2021 年后持续收缩，亦为玻汾创造了绝佳的替代机遇，玻汾成为目前光瓶酒市场第一单品。受益于消费升级+集中度提升，玻汾在光瓶酒中的市占率有望进一步扩大，若对标牛栏山巅峰期 14%市场份额，玻汾在 1500 亿市场规模中将进一步释放百亿成长空间；若进一步乐观估计，对标高端白酒 CR3=82%，平均大概 25%的市场分额，对应市场规
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山西汾酒-公司研究报告-深水突围汾酒复兴再进阶-250328（32页）.pdf
表9山西汾酒财务报表以及相应指标
表8分产品盈利预测
表7山西汾酒派息融资比仅次于茅台
表6全国五届评酒会
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