Modern Avenue Group Co.,Ltd. Posted 55.2 Million Yuan Net Loss in First Three Quarters of 2023

Modern Avenue Group Co.,Ltd. (摩登大道时尚集团股份有限公司) (002656.SZ) reported a net loss of 55.2 million yuan in the first three quarters of 2023, reversing a net profit of 45 million yuan for the same period in the previous year.

Meanwhile, the company posted 214.8 million yuan in revenue, up 26.6% year-on-year.

At the end of the reporting period, it had 667.5 million yuan in total assets and 209.4 million yuan in total liabilities, with a liability-to-asset ratio of 31.4%.