Core Viewpoint - Yongjia Group (03322.HK) reported a decline in same-store sales growth for its high-end fashion retail business, while overall revenue growth remains positive due to wholesale sales to franchisees [1] Group 1: Sales Performance - The same-store sales growth rate for the high-end fashion retail business is approximately -10% for Q3 2025 and -7% year-to-date in 2025 [1] - Overall revenue growth for the high-end fashion retail business is approximately +5% for Q3 2025 and +5% year-to-date in 2025 [1] Group 2: Store Count and Business Model - As of September 30, 2025, the high-end fashion retail business has a total of 87 directly operated stores, down from 108 stores as of September 30, 2024 [1] - The high-end fashion retail business plans to introduce a franchise model for a rapidly growing brand in the second half of 2024 [1] - By December 31, 2024, the high-end fashion retail business is expected to have a total of 102 directly operated stores [1]