Wuliangye net profit falls

High-end liquor producer Wuliangye Yibin Co's net profit dived 19.75 percent year-on-year to 7.97 billion yuan ($1.3 billion) in 2013, said a filing posted on the Shenzhen Stock Exchange late Sunday.

For 2013, the company reported total revenue of 24.72 billion yuan, down 9.13 percent from 2012.

China's high-end liquor market has been cooling down after the central government launched an anti-extravagance campaign in early 2013.