Moutai earnings, growth slows

Kweichow Moutai's shares on the Shanghai Stock Exchange fell 9.99 percent on Monday, to close at the price of 151.92 yuan ($24.82), the lowest price in the last 28 months.

According to the half-year report released by Kweichow Moutai Co on August 31, the revenue and net profit of Kweichow Moutai in the first half of 2013 only increased by less than 10 percent, which is among the lowest growth rates since it got listed on the Shanghai Stock Exchange in 2001.

Analysts said that the sluggish high-end liquor market is related to the anti-extravagance campaign launched by the government.