Core Insights - Yum China is accelerating its store expansion despite its large scale, aiming to double its store count within six years by 2026 and exceed 30,000 stores by 2030 [1] Group 1 - Yum China has opened 10,000 stores over the past 33 years [1] - The company plans to achieve a store count of 20,000 by 2026 [1] - The target for 2030 is to surpass 30,000 stores [1]

Core Insights - Yum China is accelerating its store network expansion, aiming to double its store count to over 30,000 by 2030, with a commitment to return approximately 100% of free cash flow to shareholders starting in 2027 [1][11] Group 1: Strategic Initiatives - The RGM 3.0 strategy focuses on resilience, growth, and competitive advantage, driving significant operational transformation and reinforcing core competencies [1] - The company plans to leverage innovative store formats and a combination of direct and franchise operations to penetrate markets more deeply and rapidly [1] Group 2: KFC Growth Plans - KFC aims to increase its store count by approximately one-third to over 17,000 by 2028, with a projected operating profit exceeding RMB 10 billion [2] - The brand is expanding into over 2,000 untapped lower-tier cities while enhancing its presence in high-tier cities through flexible store models and accelerated franchise strategies [2] Group 3: Pizza Hut Development - Pizza Hut has completed a key transformation, achieving a 17% same-store sales growth for three consecutive quarters and is entering an accelerated growth phase [4] - The brand plans to add over 600 new stores annually for the next three years, targeting a total of over 6,000 stores by 2028 [4] Group 4: Lavazza Coffee Expansion - Lavazza Coffee is entering a new growth phase, with double-digit same-store sales growth and plans to open 1,000 stores by 2029, aiming for $60 million in retail sales [5][6] Group 5: Digital Strategy - Yum China has integrated AI technology into its operations since 2019 and is exploring generative AI to enhance customer experience and operational efficiency [7] Group 6: Supply Chain Management - The company boasts a world-class supply chain management system, having launched over 1,600 new or upgraded products in the past three years while maintaining competitive raw material costs [8] Group 7: Talent Strategy - The company emphasizes empowering restaurant managers (RGM) to focus on food safety, customer experience, and team building, which are critical for sustainable business growth [9] Group 8: Financial Goals - For 2025, Yum China targets an operating profit margin of 10.8% to 10.9% and aims for a diluted earnings per share growth in double digits from 2026 to 2028 [10][11] - By 2028, the company plans to exceed 25,000 stores and maintain a minimum operating profit margin of 11.5% [11]

Core Insights - Yum China announced at its 2025 Investor Day that it expects system sales to achieve mid to high single-digit compound annual growth from 2026 to 2028, based on 2025 as the base year [1] - The company anticipates operating profit to achieve high single-digit compound annual growth during the same period [1] - Earnings per share and free cash flow per share are projected to achieve double-digit compound annual growth [1]

Core Insights - Yum China announced at its 2025 Investor Day that Pizza Hut China is expected to exceed 6,000 stores by 2028 [1] - Pizza Hut China aims to double its operating profit by 2029 compared to 2024 [1]

智通财经获悉，11月17日，百胜中国(09987,YUMC.US)在2025年投资者日上宣布，公司预计2026年至 2028年系统销售额实现中至高单位数年均复合增长（以2025年为基准年），经营利润实现高单位数的年 均复合增长，每股盈利和每股自由现金流实现双位数年均复合增长。自2027年起，公司计划将约100% 自由现金流，扣除支付给子公司少数股东的股息后回馈股东。股东回报预计在2028年突破10亿美元。肯 德基将力争在2028年实现经营利润过百亿元人民币，必胜客有望在 2029年实现经营利润较2024年翻 倍。公司朝着2026年达到2万家门店的目标稳步推进，并加速扩张，力争2030年突破3万家。 ...

每经AI快讯，11月17日，百胜中国披露投资者日亮点，其中提到，计划到2030年开设超过3万家门店， 有望到2026年实现门店数量2万家的目标。力争肯德基2028年营业利润超过100亿元人民币。 ...

Core Insights - Yum China aims to accelerate store expansion, targeting 20,000 stores by 2026 and over 30,000 by 2030, while maintaining high-single-digit operating profit growth and double-digit growth in diluted EPS and free cash flow per share [1][2][12] Strategic Initiatives - The company is implementing the RGM ("Resilience, Growth and Moat") strategy, focusing on innovation and operational efficiency to enhance customer offerings and consolidate resources across stores and regions [2][4] - Yum China plans to return approximately 100% of free cash flow after dividend payments to shareholders starting in 2027, with an expected annual return of $900 million to over $1 billion in 2027 and 2028 [12] KFC Performance - KFC is projected to surpass RMB 10 billion in operating profit by 2028, with plans to increase store count by one-third to over 17,000 and achieve mid- to high-single-digit CAGR in system sales from 2026 to 2028 [3][11] - The brand is focusing on new customer segments and enhancing customer engagement through membership programs and digital ecosystems [4][10] Pizza Hut Growth - Pizza Hut aims to double its operating profit by 2029 compared to 2024, with plans to add over 600 net new stores annually, reaching more than 6,000 stores by 2028 [5][6] - The brand is innovating its menu and operations to enhance efficiency and customer experience, targeting growth in new categories like burgers and one-person meals [6][11] Lavazza Expansion - Lavazza is targeting 1,000 coffee shops and $60 million in retail sales by 2029, leveraging its Italian heritage and local innovation to capture growth in China's coffee market [7][11] Digitalization and Supply Chain - Yum China has integrated AI into its operations since 2019, enhancing customer experience and operational efficiency, with plans to embrace agentic AI for proactive decision-making [8][9] - The company is developing integrated supply chain parks to enhance synergies and operational efficiency, with a focus on food safety [9][11] Financial Targets - For 2025, Yum China targets an operating profit margin of 10.8%-10.9% and a restaurant margin of around 16.2%-16.3%, with free cash flow per share projected at $2.2 to $2.3 [11][14] - Growth targets from 2026 to 2028 include a mid- to high-single-digit CAGR for system sales and double-digit CAGR for diluted EPS and free cash flow per share [11][14]

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， 並明確表示概不會就本公告全部或任何部分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。 Yum China Holdings, Inc. 百 勝 中 國 控 股 有 限 公 司 （於美利堅合眾國特拉華州註冊成立的有限公司） （股份代號：9987） 投資者日亮點 百勝中國控股有限公司（「本公司」）於2025年11月17日舉辦2025年投資者日活動。隨附請見關 於2025年投資者日亮點的新聞稿。 承董事會命 百勝中國控股有限公司 屈翠容 董事及首席執行官 香港，2025 年 11 月 17 日 於本公告日期，本公司董事會包括董事會主席及獨立董事胡祖六博士、執行董事屈翠容女士、非執行董事 Robert B. AIKEN 先生以及獨立董事 Mikel A. DURHAM 女士、 Edouard ETTEDGUI 先生、葛新女士、 David HOFFMANN 先生、盧蓉女士、邵 子力先生、汪洋先生、衛哲先生、張敏女士及朱曉靜女士。 百勝中國 2025 年投資者日：啟動「RGM 3.0」戰略，確立未來三 ...

Core Viewpoint - Multiple companies conducted share buybacks on November 14, 2025, with China Feihe (06186) leading in both the number of shares repurchased and the total amount spent [1][2]. Group 1: Buyback Details - China Feihe (06186) repurchased 10.70 million shares for a total of 46.13 million yuan, representing 1.412% of its total share capital [2]. - COSCO Shipping Holdings (01919) repurchased 3.00 million shares for 42.58 million yuan, accounting for 0.979% of its total share capital [2]. - Sinopec Limited (00386) repurchased 6.74 million shares for 29.82 million yuan, which is 0.120% of its total share capital [2]. - AAC Technologies (02018) repurchased 300,000 shares for 11.97 million yuan, representing 0.212% of its total share capital [2]. - Yimeng Sunshine (N23020) repurchased 604,000 shares for 9.97 million yuan, accounting for 1.732% of its total share capital [2]. Group 2: Other Notable Buybacks - Kweichow Moutai (09987) repurchased 17,400 shares for 6.27 million yuan, which is 3.190% of its total share capital [2]. - Antong Oilfield Services (03337) repurchased 6.01 million shares for 5.99 million yuan, representing 1.660% of its total share capital [2]. - MGM China (02282) repurchased 338,700 shares for 5.45 million yuan, accounting for 0.763% of its total share capital [2]. - China Feihe (06186) has a cumulative buyback of 12.8 million shares for the year, which is 1.412% of its total share capital [2].

Core Viewpoint - Yum China (09987) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - On November 14, 2025, the company plans to spend $3.2 million to repurchase 69,100 shares at a price range of $46.01 to $46.54 per share [1] - Additionally, on the same date, the company will invest HK$6.2711 million to buy back 17,350 shares at a price range of HK$357.4 to HK$362.6 per share [1]