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Pacific Securities: The historical low of the valuation office of liquor industry is about to be repaired. The Pacific Securities Research Report pointed out that the liquor industry is rationally slowing down, and the valuation office is at a historical low, and it is about to be repaired. Next year, the leading growth target will generally drop to single digits. However, the accumulated inventory risk and pricing pressure still need time to gradually ease after the imbalance between supply and demand has intensified in the past two years and the previous industry bubble has receded. With the economic recovery stimulated by this round of policies and the stabilization of the bottom of the real estate industry, the liquor industry is expected to usher in a wave of recovery. Since 2023, industry differentiation has intensified, but with the improvement of management level and refined channel operation in recent years, excellent wine enterprises have stronger marketing foundation and anti-risk ability compared with previous downward cycles. The price of high-end wine determines the brand position, so the approval price is more important, which depends on the choice of quantity and price and the control of approval price by wine enterprises. Sub-high-end needs to pay more attention to channel risks. The high growth brought by pre-distribution investment needs to be tested in the downward period, and once the channel collapses and stalls, it is difficult to reverse it. Real estate wine pays attention to the growth momentum of internal product structure and the market potential in and around the province. The upgrading speed determines the slope and the ceiling determines the space. Suggested attention: Wuliangye, LU ZHOU LAO JIAO CO.,LTD, Shuijingfang, etc.A mountain fire broke out in Yajiang, Sichuan Province, and more than 140 people have been transferred and resettled. There are no reports of casualties. At 15: 20 on December 9, 2024, a mountain fire broke out in Chengxiang Village, Hekou Town, Yajiang County, Ganzi Prefecture, Sichuan Province. After the fire broke out, Ganzi Prefecture immediately launched a three-level emergency response and quickly organized more than 300 rescue forces to carry out fighting. At present, more than 140 people have been transferred and resettled, and no casualties have been reported. (CCTV News)Five departments, including the Ministry of Industry and Information Technology, jointly deployed the "One-month-one-chain" financing for small and medium-sized enterprises to promote the nationwide activities. The Ministry of Industry and Information Technology, the Ministry of Finance, the People's Bank of China, the General Administration of Financial Supervision and the China Securities Regulatory Commission recently jointly issued the Notice on Launching the "One-month-one-chain" financing for small and medium-sized enterprises to promote the nationwide activities, so as to accelerate the construction of small and medium-sized enterprises' financing, promote a good ecology and help them develop with high quality. The theme of the "One Chain in January" SME financing promotion activities nationwide is "One Chain in January is beneficial to the smooth integration of enterprises", focusing on key SME groups such as high-quality SMEs and key nodes in the industrial chain, giving play to the role of "share, loan, insurance and burden" comprehensive financing means, and guiding financial resources to support SMEs in the chain more accurately by organizing various docking activities. (Ministry of Industry and Information Technology)

Five departments, including the Ministry of Industry and Information Technology, jointly deployed the "One-month-one-chain" financing for small and medium-sized enterprises to promote the nationwide activities. The Ministry of Industry and Information Technology, the Ministry of Finance, the People's Bank of China, the General Administration of Financial Supervision and the China Securities Regulatory Commission recently jointly issued the Notice on Launching the "One-month-one-chain" financing for small and medium-sized enterprises to promote the nationwide activities, so as to accelerate the construction of small and medium-sized enterprises' financing, promote a good ecology and help them develop with high quality. The theme of the "One Chain in January" SME financing promotion activities nationwide is "One Chain in January is beneficial to the smooth integration of enterprises", focusing on key SME groups such as high-quality SMEs and key nodes in the industrial chain, giving play to the role of "share, loan, insurance and burden" comprehensive financing means, and guiding financial resources to support SMEs in the chain more accurately by organizing various docking activities. (Ministry of Industry and Information Technology)The initial strength of inter-bank spot bonds was obvious. The yield of active bonds of 7-year and 10-year treasury bonds dropped by 3.5bp. The yield of active bonds of 7-year and 10-year treasury bonds fell by 3.5bp, the yield of 7-year "24 interest-bearing treasury bonds 18" reported 1.725%, and the yield of 10-year "24 interest-bearing treasury bonds 11" hit 1.87%, all hitting record lows. The yield of 30-year "24 Special Treasury Bond 06" dropped by 3.1bp to 2.079%, the lowest since the end of February 2005.Jing Jiawei: The company was not listed in the latest "Entity List" of the Bureau of Industry and Security of the US Department of Commerce. Some investors asked that the Bureau of Industry and Security of the US Department of Commerce (BIS) officially revised the Export Administration Regulations (EAR) and added 140 entities related to the semiconductor industry in China to the "Entity List". Is the company in the above "Entity List"? Jing Jiawei said on the interactive platform that the company was not included in the list on December 2, 2024.

The Turkish President and NATO Secretary-General discussed the situation in Syria by telephone. The Information Bureau of the Turkish Presidential Office released a message on December 10 local time, saying that Turkish President Erdogan had a telephone conversation with NATO Secretary-General Rutte on the same day, focusing on the latest development of the situation in Syria. Erdogan said that since the first day of the civil war in Syria, Turkey has always advocated maintaining the territorial integrity and stability of Syria. He stressed that Syria should be managed by the Syrian people, and Turkey will continue to do its best to build a unified and complete Syria free from terrorism.The commander of the intelligence command of the South Korean Ministry of Defense was suspended. On December 10, local time, the South Korean Ministry of National Defense announced that it would take suspension measures against Wen Xianghu, commander of the intelligence command of the Ministry of National Defense. (CCTV News)Bruker sprinted for the IPO of Hong Kong stocks, Bruker Group Co., Ltd. updated its prospectus and tried to list on the main board of the Hong Kong Stock Exchange for the second time. The co-sponsors are Goldman Sachs (Asia) Securities and Huatai Financial Holdings. According to Jost Sullivan's report, Bruker's market share in China's patchwork role toy market and China's patchwork toy market is 30.3% and 7.4% respectively. Bruker's toy products are mainly divided into two categories: "assembling role toys" and "building block toys", and the prices of mainstream products range from 19.9 yuan to 399 yuan. Most of Bruco's revenue comes from the sales of products based on Altman IP, accounting for 63.5% and 57.4% of its revenue in 2023 and the first half of 2024 respectively.