Modern Avenue Group Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 226.07 million compared to CNY 374.49 million a year ago. Revenue was CNY 229.89 million compared to CNY 385.23 million a year ago.

Net loss was CNY 41.4 million compared to CNY 39.48 million a year ago. Basic loss per share from continuing operations was CNY 0.0551 compared to CNY 0.0554 a year ago. Diluted loss per share from continuing operations was CNY 0.0551 compared to CNY 0.0554 a year ago.