Not only Wuliangye, but also the whole liquor sector has been adjusted back recently. Wuliangye's decline during this period was about 14%. The biggest decline was Yanghe shares, which fell by 27.72%, and other small-brand liquor stocks also fell. Wuliangye has tripled from the lowest 96 yuan to more than 230 yuan now, which has overdrawn the future upside. When stocks go up and down, when they can't go up, there will always be smart funds to run away in advance after the group action is over. There is also a logic that the Spring Festival is affected by the epidemic, and the demand for gathering is reduced, which naturally reduces the market for liquor consumption, so the stock price will respond in advance. Therefore, Wuliangye's stock is expected to fall, and now it is only to turn the expectation into reality.