[The concept of liquor fluctuates and rises, Tianyoude Wine rises by the daily limit] On September 23, the concept of liquor fluctuates and rises, Tianyoude Wine rises by the daily limit, Huangtai Liquor Industry, Kouzijiao, Golden Seed Wine, and Luzhou Laojiao followed suit. In terms of news, CICC’s research report pointed out that with the Mid-Autumn Festival and National Day approaching, channel inventory pressure has eased, and peak season sales are expected to be better than current cautious expectations; GF Securities’ research report pointed out that Moutai and Wuliangye inventories have declined, Feitian wholesale prices have rebounded to around 1,750 yuan, and the volume and price performance of leading liquor companies have improved.