歌力思：公司将根据各品牌所处的发展阶段、市场与渠道的情况综合进行规划

Core Viewpoint - The company is focusing on brand development and optimizing store quality while strategically planning its brand portfolio based on market conditions and brand stages [1] Brand Performance - The international brands self-portrait and IRO have maintained reasonable net growth in the China region during the first three quarters [1] - The Laurèl brand's stores have remained stable, indicating consistent performance [1] Strategic Initiatives - The ELLASSAY brand has been undergoing channel upgrades over the past few years, focusing on opening higher-quality stores [1] - The company plans to close stores that do not meet brand positioning, reflecting a commitment to enhancing brand strength [1] Future Focus - The company will place greater emphasis on building brand potential and improving the quality of individual stores [1] - There will be a systematic approach to the reasonable planning of stores across its brands [1]