Jiugui Liquor Co., Ltd. is likely to see its net profit fall 95%-96% year on year to CNY 17 million to CNY 22 million in the first nine months of fiscal 2013.

Jiugui Liquor may have lost CNY 8.72 million to CNY 13.72 million in the third quarter alone. The company spiraled into an adjustment in the first three quarters of the year, resulting in a sharp fall in its operating revenue.