Luzhou Laojiao's (SHE:000568) net profit attributable to shareholders in the first half dropped 43% to 4.34 billion yuan from 7.66 billion yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.
Earnings per share fell year on year to 2.95 yuan from 5.21 yuan.
Operating revenue declined 36% to 10.5 billion yuan from 16.5 billion yuan in the previous year.
The liquor maker's shares slipped 2% during the morning trade.