This paper applies the metafrontier approach proposed by Battese et al. (2004) to analyze the efficiency and technology gap ratio (TGR) of 17 Chinese liquor listed companies during 2002 to 2013. The companies are divided into two groups: specialized and diversified. The efficiency scores and technology gap ratios are then computed and analyzed by the data envelopment analysis (DEA). Our major empirical findings are as follows: (1) With respect to the metafrontier, the average efficiency score of specialized companies is higher than that of diversified ones. (2) The average TGR score of specialized companies is better than diversified ones.