Core Viewpoint - Yongjia Group (03322) reported mixed performance in its high-end fashion retail business, with a notable increase in overall revenue driven by wholesale sales to franchisees [1] Group 1: Sales Performance - The same-store sales growth rate for direct retail stores in the high-end fashion segment is approximately +2% for Q4 2025 and -4% year-to-date in 2025 [1] - The overall revenue growth rate for the high-end fashion retail business is approximately +16% for Q4 2025 and +8% year-to-date in 2025 [1] Group 2: Business Model Changes - The high-end fashion retail business is introducing a franchise model for a rapidly growing brand in the second half of 2024 [1] - The increase in overall revenue growth year-to-date in 2025 is primarily driven by wholesale revenue from sales to franchisees of the brand [1]
永嘉集团：高级时装零售业务于2025年第四季度的收益增长率为约+16%