Modern Avenue Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 63.17 million compared to CNY 90.49 million a year ago. Net loss was CNY 53.72 million compared to CNY 53.55 million a year ago.

Basic loss per share from continuing operations was CNY 0.0754 compared to CNY 0.0752 a year ago. Diluted loss per share from continuing operations was CNY 0.0754 compared to CNY 0.0752 a year ago.