Jiugui Liquor Co., Ltd. provided earnings guidance for the first half of 2013. The company's expected its net profit to plunge between 87% and 89% year on year to RMB 28 million and RMB 33 million in the first half of 2013. The company said that basic earnings per share were estimated at 8.6 RMB cents to 10.2 RMB cents in the period.

The company said the huge decrease in net profit was mainly due to a sluggish market.