Modern Avenue Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 70.07 million compared to CNY 117.56 million a year ago. Revenue was CNY 70.07 million compared to CNY 117.56 million a year ago. Net loss was CNY 11.06 million compared to CNY 16.15 million a year ago. Basic loss per share from continuing operations was CNY 0.0155 compared to CNY 0.0227 a year ago. Diluted loss per share from continuing operations was CNY 0.0155 compared to CNY 0.0227 a year ago.