Core Viewpoint - Yongjia Group (03322) anticipates a post-tax loss of approximately HKD 180 million for the fiscal year ending December 31, 2025, compared to a post-tax loss of HKD 62 million for the fiscal year ending December 31, 2024 [1] Group 1: Financial Performance - The anticipated post-tax loss for the current fiscal year includes a loss of approximately HKD 20 million from continuing operations (2024: HKD 26 million) and a loss of approximately HKD 160 million from discontinued operations (2024: HKD 36 million) [1] - The loss from discontinued operations primarily stems from the high-end fashion retail business, which has been significantly impacted by a weak consumer demand in Hong Kong and mainland China [2] Group 2: Business Strategy and Adjustments - The board has decided to terminate the high-end fashion retail business and reallocate resources to develop a new business segment, "Fashion Brands and Specialty Business," which is expected to have stronger growth prospects and improve profitability [2] - The operational loss from the terminated high-end fashion retail business is approximately HKD 156 million (2024: operational loss of HKD 29 million), mainly due to goodwill impairment of approximately HKD 80 million and inventory and property, plant, and equipment impairments of approximately HKD 55 million, all of which are non-cash items [2] Group 3: Operational Challenges - The operational loss from the sportswear production business is approximately HKD 26 million (2024: operational profit of HKD 16 million), primarily due to material issues faced by the group's Southeast Asian production facilities during the first half of the fiscal year, leading to higher-than-expected production and transportation costs [2] - The operational loss from the high-performance outdoor clothing production business is approximately HKD 8 million (2024: operational profit of HKD 38 million), mainly due to strategic adjustments aimed at reducing reliance on outsourced garment manufacturers while gradually increasing internal capacity, which has temporarily decreased revenue [3]

Core Viewpoint - Yongjia Group (03322) anticipates a post-tax loss of approximately HKD 180 million for the fiscal year ending December 31, 2025, compared to a post-tax loss of HKD 62 million for the fiscal year ending December 31, 2024 [1] Group 1: Financial Performance - The anticipated post-tax loss for the current year includes a loss of approximately HKD 20 million from continuing operations (2024: HKD 26 million) and a loss of approximately HKD 160 million from discontinued operations (2024: HKD 36 million) [1] - The estimated post-tax loss is primarily attributed to a prolonged downturn in the Hong Kong and mainland China markets, leading to weak consumer demand and significant challenges in the high-end fashion retail business [1] Group 2: Business Strategy - The board has decided to terminate the high-end fashion retail business after a comprehensive strategic review and will reallocate resources to develop a new business segment, "Fashion Brands and Specialty Business," which is expected to have stronger growth prospects and improved profitability [1] - The operating loss from the terminated high-end fashion retail business is approximately HKD 156 million (2024: operating loss of HKD 29 million), mainly due to goodwill impairment of approximately HKD 80 million and inventory and property, plant, and equipment impairment of approximately HKD 55 million, all of which are non-cash items [1] Group 3: Other Business Segments - The operating profit from the new business segment "Fashion Brands and Specialty Business" is approximately HKD 66 million (2024: operating loss of HKD 34 million) [2] - The operating loss from the sportswear production business is approximately HKD 26 million (2024: operating profit of HKD 16 million), primarily due to raw material issues faced by the group's Southeast Asian production facilities during the first half of the year, leading to higher-than-expected production and transportation costs [2] - The operating loss from the high-performance outdoor apparel production business is approximately HKD 8 million (2024: operating profit of HKD 38 million), mainly due to strategic adjustments aimed at reducing reliance on outsourced garment manufacturers while gradually increasing internal capacity, which has temporarily decreased revenue [2]

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]

Core Viewpoint - Yongjia Group (03322) anticipates a reduced after-tax loss of approximately HKD 60 million for the six months ending June 30, 2025, compared to an after-tax loss of HKD 86 million for the same period last year [1] Financial Performance - The expected reduction in after-tax loss is primarily attributed to the high fashion retail business achieving an operating profit of approximately HKD 7 million, a significant improvement of HKD 59 million from an operating loss of HKD 52 million in the same period last year [1] - The turnaround to profitability in the high fashion retail segment is due to the introduction of franchise stores for a rapidly growing brand, enhancing growth and profitability [1] Operational Challenges - The sportswear manufacturing segment is projected to incur an operating loss of approximately HKD 19 million, contrasting with an operating profit of HKD 1 million in the same period last year [1] - The operating loss in the sportswear segment is primarily due to issues with raw materials at the company's Southeast Asian production facilities, leading to higher-than-expected production and transportation costs [1]

Group 1 - The company expects a post-tax loss of approximately HKD 60 million for the six months ending June 30, 2025, an improvement from a post-tax loss of HKD 86 million for the same period last year [1] Group 2 - The estimated reduction in post-tax loss is primarily due to the high fashion retail business achieving an operating profit of approximately HKD 7 million, a significant improvement of HKD 59 million compared to an operating loss of HKD 52 million in the same period last year [2] - The turnaround to profitability in the high fashion retail segment is attributed to the introduction of franchise stores for a rapidly growing brand, enhancing growth and profitability [2] - The sportswear production business incurred an operating loss of approximately HKD 19 million, compared to an operating profit of HKD 1 million in the same period last year, partially offsetting the positive impact from the high fashion retail segment [2] - The operating loss in the sportswear segment is mainly due to issues with raw materials at the company's Southeast Asian production facilities, leading to higher-than-expected production and transportation costs [2]