Modern Avenue Group Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 119.74 million compared to CNY 191.03 million a year ago. Revenue was CNY 122.25 million compared to CNY 193.93 million a year ago.

Net income was CNY 66.66 million compared to net loss of CNY 20.42 million a year ago. Basic earnings per share from continuing operations was CNY 0.0935 compared to basic loss per share from continuing operations of CNY 0.0287 a year ago. Diluted earnings per share from continuing operations was CNY 0.0935 compared to diluted loss per share from continuing operations of CNY 0.0287 a year ago.