Modern Avenue Group Co., Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 156.2 million compared to CNY 119.74 million a year ago. Revenue was CNY 157.35 million compared to CNY 122.25 million a year ago.

Net loss was CNY 39.13 million compared to net income of CNY 66.66 million a year ago. Basic loss per share from continuing operations was CNY 0.0549 compared to basic earnings per share from continuing operations of CNY 0.0935 a year ago. Diluted loss per share from continuing operations was CNY 0.0549 compared to diluted earnings per share from continuing operations of CNY 0.0935 a year ago.