EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | | | --- | --- | --- | --- | | 股票發行人現金股息公告 | | | | | 發行人名稱 | 百勝中國控股有限公司 | | | | 股份代號 | 09987 | | | | 多櫃檯股份代號及貨幣 | 不適用 | | | | 相關股份代號及名稱 | 不適用 | | | | 公告標題 | 2025年第四季度及全年財務業績公告 | | | | 公告日期 | 2026年2月4日 | | | | 公告狀態 | 新公告 | | | | 股息信息 | | | | | 股息類型 | 其他 | | | | 季度股息 | | | | | 股息性質 | 普通股息 | | | | 財政年末 | 2025年12月31日 | | | | 宣派股息的報告期末 | 2025年12月31日 | | | | 宣派股息 | 每 股 0.29 USD | | | | 股東批准日期 | ...

Core Insights - Yum China reported a 3% increase in same-store sales and a 7% growth in system sales for the fourth quarter of 2025, with operating profit rising by 25% [1][5] - For the full year 2025, operating profit rose by 11%, and diluted EPS increased by 8%, or 14% when excluding mark-to-market and foreign exchange impacts [1][3] Fourth Quarter Highlights - Total revenues for the fourth quarter increased by 9% year-over-year to $2.8 billion, or a 7% increase excluding foreign exchange [5][7] - The company opened a record 587 net new stores in the fourth quarter, with 36% opened by franchisees [5][7] - Operating profit for the fourth quarter was $187 million, with an operating profit margin of 6.6%, an increase of 80 basis points year-over-year [5][7] Full Year Highlights - Total revenues for the full year reached $11.8 billion, a 4% increase year-over-year, also a 4% increase excluding foreign exchange [5][7] - The company opened 1,706 net new stores in 2025, with 31% opened by franchisees, bringing the total store count to 18,101 [5][7] - Operating profit for the full year was $1.3 billion, with an operating profit margin of 10.9%, up 60 basis points year-over-year [5][7] Capital Returns to Shareholders - Yum China plans to return $1.5 billion to shareholders in 2026, which includes a 21% increase in cash dividends to $0.29 per share [11][9] - In 2025, the company returned $1.5 billion to shareholders through $353 million in cash dividends and $1.14 billion in share repurchases [11][9] KFC Performance - KFC's system sales grew by 8% year-over-year, with same-store sales increasing by 3% [12][10] - Delivery sales for KFC grew by 34% year-over-year, contributing approximately 53% of total company sales [12][10] - Operating profit for KFC in the fourth quarter was $223 million, with an operating profit margin of 10.5%, an increase of 60 basis points year-over-year [12][10] Pizza Hut Performance - Pizza Hut's system sales grew by 6% year-over-year, with same-store sales increasing by 1% [18][13] - Delivery sales for Pizza Hut grew by 33% year-over-year, contributing approximately 54% of total company sales [18][13] - Operating profit for Pizza Hut in the fourth quarter was $20 million, with an operating profit margin of 3.7%, an increase of 110 basis points year-over-year [18][13] Future Outlook - The company targets to exceed 20,000 stores by 2026 and aims for more than 30,000 stores by 2030, utilizing an equity-and-franchise hybrid model [6][16] - Yum China remains committed to executing its RGM 3.0 strategy, focusing on innovation and operational efficiency [6][16]

百胜中国(09987.HK)2月3日耗资770.84万港元回购1.96万股 百胜中国(09987.HK)2月2日耗资773.98万港 元回购2.01万股 格隆汇2月4日丨百胜中国(09987.HK)公告，2月3日耗资770.84万港元回购1.96万股，每股回购价390- 396.6港元。 相关事件 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 百勝中國控股有限公司("本公司") 呈交日期： 2026年2月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | | 09987 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | ...

百胜中国(09987)发布公告，2026年2月2日斥资773.98万港元回购2.01万股;斥资300万美元回购5.99万股; 注销6.06万股股份;公司采纳的长期激励计划项下的授予而发行的116股股票。 ...

智通财经APP讯，百胜中国(09987)发布公告，2026年2月2日斥资773.98万港元回购2.01万股;斥资300万 美元回购5.99万股;注销6.06万股股份;公司采纳的长期激励计划项下的授予而发行的116股股票。 ...

格隆汇2月3日丨百胜中国(09987.HK)公告，2月2日耗资773.98万港元回购2.01万股，每股回购价382.8- 388港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 百勝中國控股有限公司("本公司") 呈交日期： 2026年2月3日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | | 09987 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | 每股 ...

Group 1 - Trump and Modi reached a trade agreement to reduce tariffs on Indian goods from 25% to 18% and cancel an additional 25% tariff on Indian purchases of Russian oil. India committed to purchasing over $500 billion worth of U.S. goods in sectors including energy, technology, agriculture, and coal [2] - SpaceX announced the completion of its acquisition of xAI, with SpaceX valued at approximately $1 trillion and xAI at around $250 billion, resulting in a combined valuation of $1.25 trillion [2] Group 2 - The U.S. Labor Statistics Bureau will not release the January non-farm employment report due to a partial government shutdown, and the December job openings report will also be postponed [4] - U.S. stock markets saw all three major indices rise, with the Dow Jones up 1.05%, S&P 500 up 0.54%, and Nasdaq up 0.56%. Notable tech stocks like Intel rose nearly 5%, while Nvidia fell over 2% [5][6] - The Nasdaq Golden Dragon China Index fell 0.65%, with significant declines in Chinese stocks such as XPeng down 8.2% and BYD down 6.7% [5] Group 3 - The U.S. dollar index increased by 0.64%, while the offshore and onshore RMB showed slight fluctuations [8] - Gold and silver experienced significant volatility, with spot gold dropping over 4% and silver declining nearly 7%. WTI crude oil futures fell by approximately 4.71% [6][8] Group 4 - The Chinese manufacturing PMI for January rose to 50.3, indicating continued expansion, driven by improvements in employment and new orders [22] - Citigroup raised its GDP forecast for Hong Kong to 3.2% for the year, reflecting a more stable recovery in major industries [24]

Group 1 - The Western fast food market is expected to exceed 300 billion yuan by 2025, with a year-on-year growth of 10.3%, leading the snack and fast food segment, with hamburgers holding a 70.6% market share [1] - The market concentration is high, with the top five companies (CR5) accounting for 44% in 2024, and Yum China maintaining the top position with a 27.5% market share [1] - The company has a large store network with a low closure rate, reaching a total of 17,514 stores by Q3 2025, with a CAGR of 9% from 2014 to 2024 [1] Group 2 - The company has strong local product innovation capabilities, with membership reaching 575 million by Q3 2025, and membership sales accounting for 57% of total sales [1] - A mature supply chain and store management system support healthy profitability, with KFC and Pizza Hut achieving profit margins of 18.5% and 13.4% respectively by Q3 2025 [1] - The company maintains high free cash flow and shareholder returns, with a total return to shareholders of 1.517 billion USD in 2024, resulting in a shareholder return rate of 166.49% [1] Group 3 - The company is accelerating expansion into lower-tier markets with adapted store formats, such as KFC Mini Town and Pizza Hut WOW stores, achieving franchise ratios of 15% and 7% respectively by Q3 2025 [1] - Overall restaurant profit margin is 17.3% as of Q3 2025, with decreasing costs in food, packaging, and property rent, indicating improved cost control [1] Group 4 - The Western fast food industry is steadily expanding with increasing concentration, benefiting leading brands as long-tail competitors exit the market [2] - High brand recognition combined with continuous product innovation ensures strong user acquisition and repurchase rates, providing long-term competitive advantages [2] - The company is expected to generate revenues of 11.7 billion USD, 12.4 billion USD, and 13.1 billion USD from 2025 to 2027, with net profits of 900 million USD, 1 billion USD, and 1.1 billion USD respectively [2]