智通财经获悉，百胜中国(YUMC.US)公布2025年三季度财报。经营利润同比增长8%，系统销售额同比 增长4%，经营利润率同比增长40个基点至12.5%。同店交易量同比增长4%，连续第11个季度实现增 长。得益于灵活的门店模式和加盟战略，三季度净新增门店536家，门店总数达17,514家；肯德基今年 迄今的开店步伐创历史新高，必胜客本季度门店数突破4,000家这一里程碑。三季度向股东回馈4.14亿美 元，朝着今年向股东回馈约15亿美元的目标稳步推进。 ...

格隆汇11月4日｜百胜中国(YUMC.US)2025年Q3净利润为2.82亿美元，每股收益为0.76美元。按计划推 进2025年度15亿美元股东回报，2025-2026年度股东回报计划为30亿美元。目标在2025年净新增门店约 1600至1800家。 来源：格隆汇APP ...

格隆汇11月4日丨百胜中国(09987.HK)公布，公司于2025年11月3日斥资626.09万港元回购1.85万股股 份，每股回购价格为334.8-342港元。 于同日，斥资320万美元回购7.28万股股份，每股回购价格为43.37-44.27美元。 ...

智通财经APP讯，百胜中国(09987)发布公告，于2025年11月3日斥资320万美元回购7.28万股;斥资626.09 万港元回购1.85万股。 ...

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11月4日 FF305 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 | | 佔有關事件前的現有已發 | 庫存股份變動 ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling 0.79% to 25,952.4 points, and the Hang Seng Technology Index dropping 1.76% to 5,818.29 points, amid a total trading volume of HKD 239.99 billion [1] - Dongwu Securities indicated that the Hong Kong market is entering an adjustment phase towards the end of the year, although it remains in a medium to long-term upward trend [1] Blue-Chip Stocks Performance - Baidu Group (09888) rose 2.87% to HKD 121.9, contributing 6.83 points to the Hang Seng Index, with weekly orders for its service exceeding 250,000 [2] - Other notable blue-chip movements included Kang Shifu Holdings (00322) up 3.27%, and China Merchants Bank (03968) up 2.37%, while Zijin Mining (02899) fell 5.36% [2] Sector Performance - The technology sector saw most large-cap stocks decline, with Alibaba down 2.57% and Tencent slightly up by 0.16%, while Baidu gained nearly 3% [3] - The cryptocurrency sector faced significant pressure, with major declines in related stocks, and Bitcoin prices dropping below USD 105,000 [4] - Apple-related stocks generally fell, with notable declines in companies like Q Technology (01478) and BYD Electronics (00285) [4][5] Lithium Sector - Lithium stocks continued to decline, with Ganfeng Lithium (01772) down 5.85% and Tianqi Lithium (09696) down 4.68% [6] - The price of lithium carbonate futures fell over 4%, with market speculation surrounding the production timeline of CATL's projects [7] Notable Stock Movements - Aide New Energy (02623) surged 290% after announcing a major share sale [8] - Yum China (09987) rose 3.83% ahead of its upcoming financial results [8] - Sanhua Intelligent Controls (02050) fell 6.4% after a downgrade by Goldman Sachs, citing overly optimistic market expectations for its humanoid robot business [9]

大摩认为，百胜中国有七成机率维持稳定的同店销售增长和每年扩张1600至1800间店，并增加特许经营 和小型店铺的比例，以支持中个位数的销售年均增长率，并或会节省成本和改善必胜客以支持经营溢利 年均增长高个位数。该行续预期，公司每年的自由现金流约为10亿美元，股东回报收益约为6%。大摩 予其美股"增持"评级，目标价57美元。 摩根士丹利发表研究报告指，百胜中国将于本月17日举办投资者日，预期届时公司管理层将提出其中期 业务计划，料将涉及未来两至三年的增长指标，包括销售额、经营利润、每股盈测及店铺数目等，并可 能提及业务计划及资本分配计划。 ...

每经AI快讯，百胜中国(09987.HK)涨超3%，截至发稿，涨3.13%，报349.6港元，成交额2.07亿港元。 ...

Core Viewpoint - Yum China (09987) shares rose over 3%, currently up 3.13% at HKD 349.6, with a trading volume of HKD 207 million [1] Group 1: Financial Performance - Yum China is set to release its Q3 2025 financial results after the Hong Kong market closes on November 4 [1] - Nomura's recent report anticipates that the company's business will continue to show resilience, maintaining a stable fundamental outlook, with a target of single-digit percentage growth in system sales for the second half of the year [1] Group 2: Product Innovation and Customer Engagement - The company is enhancing customer loyalty through product innovation and cultural relevance, exemplified by KFC's limited edition "Pinh Hao Fan" Huang Men Ji Fan launched in late August, priced at RMB 14.9, which sparked a consumer frenzy [1] - Yum China's brands are collaborating with various IPs to penetrate different consumer demographics [1]

Core Viewpoint - Yum China (09987) has seen a stock increase of over 3%, currently trading at 349.6 HKD with a transaction volume of 207 million HKD, ahead of its Q3 2025 financial results announcement on November 4 [1] Group 1: Financial Performance - Yum China is expected to maintain strong business performance with a stable fundamental outlook, aiming for a single-digit percentage growth in system sales for the second half of the year [1] - The company will release its Q3 2025 financial results on November 4, which is anticipated to provide insights into its ongoing performance [1] Group 2: Product Innovation and Customer Engagement - The company is enhancing customer loyalty through product innovation and cultural relevance, exemplified by the limited edition Huangmen Chicken Rice launched by KFC at a price of 14.9 RMB, which has sparked consumer enthusiasm [1] - Yum China's brands are collaborating with various IPs to penetrate different consumer demographics, further diversifying their market reach [1]