格隆汇12月30日丨百胜中国(09987.HK)发布公告，2025年12月29日耗资627.97万港元回购1.66万股，回 购价格每股375.2-381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： 2025年12月30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 | 每股發行/出售價 (註4) ...

| 股票名称 | 回购数 | 回购额 | 年累计回购数量 | 年累计回购数量/总 | | --- | --- | --- | --- | --- | | | | | (股) | 股本 | | 百胜中国(09987) | 6.50 万 | 320.00 万 | 1841.61 万 | 4.950% | | 贝壳-W(02423) | 55.66 万 | 300.00 万 | 8788.15 万 | 2.440% | | 诺亚控股(06686) | 9465.00 | 1.89 万 | 15.23 万 | 0.046% | | 名创优品(09896) | 516.00 | 2514.84 | 641.32 万 | 0.517% | 智通财经APP获悉，名创优品(09896)、百胜中国(09987)、诺亚控股(06686)、贝壳-W(02423)于2025年12 月26日进行了回购。其中，回购金额最大的为百胜中国(09987)，回购数量6.50 万，回购金额320.00 万 元。 ...

百胜中国(09987)发布公告，于2025年12月26日斥资320万美元回购6.5万股。 ...

格隆汇12月28日丨百胜中国(09987.HK)公布，于2025年12月26日斥资320万美元回购6.5万股。 ...

智通财经APP讯，百胜中国(09987)发布公告，于2025年12月26日斥资320万美元回购6.5万股。 ...

| 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 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年12月23日 | | 355,066,375 | | 0 | | | 355,066,375 | | 1). 購回股份 (股份購回並註銷) | | | -65,889 | 0.02 % | | USD | 48.57 | | | 於2025年12月23日在 ...

Group 1 - Major blue-chip stocks showed mixed performance, with HSBC Holdings closing at HKD 124.291, up 0.40% from the previous close; Tencent Holdings closed at HKD 606.769, up 0.63% [1] Group 2 - Tencent Holdings reported a latest price of HKD 603.000, with an increase of HKD 1.000, representing a rise of 0.17% [2] - Ctrip Group saw a decrease of HKD 4.500, down 0.79%, closing at HKD 563.500 [2] - Meituan-W remained unchanged at HKD 103.200, with no price change [2] - BYD Company Limited increased by HKD 0.500, up 0.54%, closing at HKD 93.600 [2]

Core Insights - The article highlights the significant role of female leaders in the Chinese restaurant industry, showcasing their ability to navigate challenges and drive growth in major brands like KFC, Haidilao, Starbucks, and McDonald's [1][2][3] Group 1: Female Leadership in Crisis - The concept of "glass cliff" suggests that women are often appointed to leadership roles during crises, as seen with KFC's CEO, Su Cuirong, who took charge during a challenging period for the brand [3][4] - Su Cuirong implemented strategies to rejuvenate KFC, including brand modernization and the introduction of new products, which led to a significant revenue increase, with KFC China generating nearly $5 billion in revenue in 2015 [5][8] - Haidilao's former CEO, Yang Lijuan, also faced challenges during the pandemic, successfully turning the company around to achieve a net profit of 4.5 billion yuan in 2023, a 227.33% increase year-on-year [8][10] Group 2: Strategic Expansion and Digital Transformation - Starbucks China saw transformative growth under former CEO Wang Jingying, who accelerated store openings from 400 in over a decade to 204 in one year, establishing Starbucks as a leading coffee brand in China [10][11] - Current CEO Liu Wenjuan has continued this trend by implementing price reductions and expanding into lower-tier cities, resulting in positive same-store sales growth [14][19] - KFC's digital transformation under Su Cuirong has been pivotal, with digital orders contributing approximately 95% of restaurant revenue by 2025, showcasing the importance of digital strategy in the modern market [20][22] Group 3: Localization and Consumer Insights - KFC's approach to localization includes adapting its menu to Chinese tastes, offering items like dumplings and chicken rice, which resonate with local consumers [23][24] - McDonald's CEO Zhang Jiayin emphasizes the importance of understanding local markets, leading to product innovations that cater to regional preferences, such as spicy chicken wings and collaborations with popular franchises [27][28] - The article underscores the unique insights female leaders bring to the industry, enhancing customer experience and operational efficiency through empathy and attention to detail [34][35]

Group 1 - The core view of the report emphasizes that the restaurant industry is stabilizing, with a differentiation in the tea beverage sector [7][10] - The investment strategy for 2026 is based on the belief that the restaurant sector will see a recovery, driven by a rebound in consumer spending and a favorable comparison to 2019 levels [10] - Key assumptions include a moderate recovery in CPI and stable single-store operations, while the main concern is that CPI recovery may fall short of expectations [10][11] Group 2 - The macro risk identified is that CPI recovery may not meet expectations, which could exert downward pressure on customer spending in the restaurant sector [11][12] - The operational risk involves single-store performance not meeting expectations, which could impact brand confidence and overall annual performance [13][14] - The report highlights specific stocks such as Haidilao and Yum China, noting that they could face risks related to CPI recovery [17][25] Group 3 - The report identifies Haidilao as a leading Chinese restaurant chain, which may face pressure on customer spending if CPI does not recover as anticipated [17][18] - Yum China, which includes KFC and Pizza Hut, is also highlighted for similar risks related to CPI recovery affecting customer spending [25][26] - Other notable companies like Mixue and Gu Ming are mentioned, with risks tied to single-store performance impacting their expansion and overall performance [33][40]