Modern Avenue Group Co., Ltd. reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was CNY 214.82 million compared to CNY 169.7 million a year ago. Revenue was CNY 214.82 million compared to CNY 169.7 million a year ago.

Net loss was CNY 55.15 million compared to net income of CNY 45.02 million a year ago. Basic loss per share from continuing operations was CNY 0.0774 compared to basic earnings per share from continuing operations of CNY 0.0632 a year ago. Diluted loss per share from continuing operations was CNY 0.0774 compared to diluted earnings per share from continuing operations of CNY 0.0632 a year ago.