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Modern Avenue Group Co Ltd

Modern Avenue Group Co., Ltd. engages in design, research and development, brand promotion, and retail management of apparel in China and internationally. It offers clothing, such as suits, down jackets, coats, sweaters, trousers, shirts, leather items, and shoes; and accessories under the CANUDILO and DIRK BIKKEMBERGS brands. The company also engages in the business of cable accessories and electrical materials. In addition, it provides bags, skincare, cosmetics, and jewelry. Modern Avenue Group Co., Ltd. was founded in 1998 and is headquartered in Guangzhou, China.

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Modern Avenue reports net loss of 13.73 million yuan in 2026 interim report

Modern Avenue released its 2026 interim report, showing total operating revenue of 344 million yuan, net profit attributable to the parent company of negative 13.73 million yuan, and net cash flow from operating activities of negative 44.79 million yuan. The company's latest asset-liability ratio is 37.94%, gross margin is 20.65%, ROE is negative 3.44%, and diluted earnings per share is negative 0.02 yuan. The number of shareholders is 8,208, and the top ten shareholders hold 27.18% of the total share capital.
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Multiple Shanghai and Shenzhen Listed Companies Announce: Rongsheng Petrochemical Plans 19.6 Billion Yuan Investment in Refining Project, Trina Solar Expects First-Half Loss of 180 Million to 360 Million Yuan

On the evening of July 16, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Rongsheng Petrochemical's controlling subsidiary, Zhejiang Petroleum and Chemical Company, plans to invest approximately 19.6 billion yuan in a refining and chemical integration project upgrade, with an expected construction period of two years. Trina Solar issued its 2026 half-year performance forecast, expecting a net loss attributable to the parent company of 180 million to 360 million yuan, narrowing the loss year-on-year. VeriSilicon announced that from April 30 to July 16, new orders totaled 6.413 billion yuan, with AI computing and data processing orders accounting for over 90 percent. Jingneng Power plans to raise no more than 5 billion yuan through a private placement for thermal power expansion and integrated wind, solar, thermal, and storage projects. Additionally, Dong Yi Ri Sheng and Modern Avenue will both have their delisting risk warnings removed starting July 20.
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