Modern Avenue Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 08:30 am EDT
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Modern Avenue Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 511.949 million compared to CNY 1,371.741 million a year ago. Operating loss was CNY 123.435 million compared to CNY 1,211.283 million a year ago. Net income was CNY 7.317 million compared to net loss of CNY 1,468.359 million a year ago. Basic earnings per share from continuing operations was CNY 0.0103 compared to basic loss per share from continuing operations of CNY 2.0608 a year ago.
Modern Avenue Group Co., Ltd., formerly Guangzhou CANUDILO Fashion & Accessories Co.,Ltd., is principally engaged in the research, development, design, brand marketing and retail management of men's clothing. The Company's men's clothing products consist of business series and vacation series, including suits, shirts, jackets, wind coats, pants, fur coats, cotton coats, leather products and accessories, among others. The Company is also involved in agent sale of garments, cases and leather products under international brands. Through its subsidiaries, the Company is also engaged in the research, development and manufacturing of mobile application products.
MODERN AVENUE GROUP CO., LTD. 
