Core Viewpoint - Yongjia Group (03322.HK) reported mixed performance in its high-end fashion retail business, with a notable increase in overall revenue growth driven by wholesale sales to franchisees, despite a decline in same-store sales [1] Group 1: Sales Performance - The same-store sales growth rate for the high-end fashion retail business in Q4 2025 and year-to-date 2025 is approximately +2% and -4% respectively [1] - The overall revenue growth rate for the high-end fashion retail business in Q4 2025 and year-to-date 2025 is approximately +16% and +8% respectively [1] Group 2: Store Operations - As of December 31, 2025, the group operates a total of 75 direct retail stores in the high-end fashion segment, down from 102 stores as of December 31, 2024 [1] - The introduction of a franchise store model for a rapidly growing brand is planned for the second half of 2024 [1]
永嘉集团(03322.HK)：高级时装零售业务第四季度整体收益增长率为+16%