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]

Core Viewpoint - Yongjia Group (03322) reported mixed performance in its high-end fashion retail business, with a projected same-store sales growth rate of approximately +2% for Q4 2025 and -4% year-to-date in 2025, while overall revenue growth rates for the same periods are expected to be +16% and +8% respectively [1] Group 1: Sales Performance - The same-store sales growth rate for high-end fashion retail is projected at +2% for Q4 2025 [1] - The year-to-date same-store sales growth rate for 2025 is projected at -4% [1] - Overall revenue growth for the high-end fashion retail business is expected to be +16% for Q4 2025 [1] Group 2: Revenue Drivers - The overall revenue growth rate for the high-end fashion retail business year-to-date in 2025 is projected at +8% [1] - The increase in overall revenue growth is primarily driven by wholesale revenue from sales to franchisees of a rapidly growing brand introduced in the second half of 2024 [1]

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]

Core Viewpoint - Yongjia Group (03322) 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 rate for the high-end fashion retail business is approximately +5% for Q3 2025 and +5% year-to-date in 2025 [1] Group 2: Business Strategy - The high-end fashion retail business plans to introduce a franchise model for rapid growth in the second half of 2024 [1] - The increase in overall revenue growth is primarily driven by wholesale revenue from sales to franchisees [1]

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]

Core Insights - Yongjia Group (03322) reported a decline in same-store sales growth for its high-end fashion retail business, with rates of approximately -10% for Q3 2025 and -7% year-to-date 2025 [1] - Despite the decline in same-store sales, the overall revenue growth for the high-end fashion retail business was approximately +5% for both Q3 2025 and year-to-date 2025 [1] - The increase in overall revenue growth is primarily driven by wholesale revenue from sales to franchisees of a rapidly growing brand introduced in the second half of 2024 [1]