来源：格隆汇APP 格隆汇8月5日｜百胜中国公布2025年二季度财报。经营利润3.04 亿美元，同比增长14%；经营利润率增 长100个基点至10.9%。 得益于连续第十个季度同店交易量增长，同店销售额实现正增长，系统销售额 同比增长4%。不计及按市值计价和外币换算影响，每股摊薄盈利同比增长15%。公司门店总数达到 16,978家，二季度净新增336家门店。预计全年净新增门店1600-1800家。2025年至2026年平均年度股东 回馈达公司市值9%。 ...

格隆汇8月5日丨百胜中国(09987.HK)发布公告，其已将其董事会规模由十二名董事扩充至十三名董事， 并委任嘉御资本的创始合伙人兼主席卫哲为董事，皆于2025年8月6日生效。 相关事件 百胜中国(09987.HK)：委任卫哲为董事 百胜中国(09987.HK)8月1日耗资631.3万港元回购1.72万股 ...

百胜中国(09987)发布公告，该公司董事会已将其董事会规模由十二名董事扩充至十三名董事，并委任 嘉御资本的创始合伙人兼主席卫哲先生(卫先生)为董事，皆于2025年8月6日生效。 ...

智通财经APP讯，百胜中国(09987)发布公告，该公司董事会已将其董事会规模由十二名董事扩充至十三 名董事，并委任嘉御资本的创始合伙人兼主席卫哲先生(卫先生)为董事，皆于2025年8月6日生效。 ...

智通财经获悉，百胜中国(YUMC.US,09987)公布2025年二季度财报。经营利润3.04 亿美元，同比增长 14%；经营利润率增长100个基点至10.9%。 得益于连续第十个季度同店交易量增长，同店销售额实现 正增长，系统销售额同比增长 4%。不计及按市值计价和外币换算影响，每股摊薄盈利同比增长15%。 公司门店总数达到16,978家，二季度净新增336家门店。预计全年净新增门店1600-1800家。2025年至 2026年平均年度股东回馈达公司市值9%。 ...

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） 委 任 董 事 百勝中國控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，其已將其董事會規模由 十二名董事擴充至十三名董事，並委任嘉禦資本的創始合夥人兼主席衛哲先生（「衛先生」） 為董事，皆於2025年8月6日生效。衛先生任期將於本公司2026年股東週年大會屆滿，或 直至彼身故、辭任或被免職為止（以較早者為準）。根據紐約證券交易所上市標準及香港 聯合交易所有限公司證券上市規則（「上市規則」），董事會確定衛先生獨立於本公司及 其管理層。 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 。 衛先生確認，(i)其與上市規則第3.13(1)至(8)條所述的各項因素有關的獨立性；(ii)其過去或 當時於發行人或其附屬公司業務中的財務或其他權益，或與發行人的任何核心關連人士（定 義見上市規則）的任何關連 ...

Group 1 - The top three stocks with net inflows of southbound funds are Yingfu Fund (02800) with 2.858 billion, Hang Seng China Enterprises (02828) with 2.255 billion, and Meituan-W (03690) with 1.397 billion [1][2] - The top three stocks with net outflows of southbound funds are Pop Mart (09992) with -0.382 billion, Ping An of China (02318) with -0.360 billion, and Laopu Gold (06181) with -0.345 billion [1][2] - In terms of net inflow ratio, the top three are Hopson Development Holdings (00754) at 70.43%, K Wah International Holdings (00173) at 64.10%, and Qingdao Port International (06198) at 61.26% [1][2] Group 2 - The top three stocks with the highest net outflow ratios are Gawei Electronics (01415) at -60.55%, Bank of China Aviation Leasing (02588) at -46.75%, and GX Hengsheng Technology (02837) at -43.69% [1][3] - The top ten stocks with the highest net inflows include Kuaishou-W (01024) with 1.391 billion and Alibaba-W (09988) with 1.040 billion [2] - The top ten stocks with the highest net outflows also include CICC (03908) with -0.333 billion and Kangfang Biologics (09926) with -0.263 billion [2]

Core Insights - Yum China Holdings, Inc. (YUMC) is set to report its second-quarter 2025 results on August 5, with expectations of adjusted earnings per share (EPS) of $0.57, reflecting a 3.6% increase year-over-year, and total revenues projected at $2.78 billion, indicating a 3.9% growth from the previous year [1][3][10] Financial Performance - In the last reported quarter, YUMC's adjusted earnings fell short of the Zacks Consensus Estimate by 1.3% and decreased 8.5% year-over-year, while total revenues slightly missed the consensus by 4.2% but grew 0.7% from the year-ago quarter [1][2] - YUMC has surpassed earnings estimates in three of the last four quarters, with an average surprise of 8.1% [2] Revenue and Growth Drivers - The anticipated revenue growth in Q2 2025 is attributed to steady same-store transaction growth and new unit expansion, supported by effective strategies and improved value offerings [4][10] - Revenue from KFC is expected to grow by 4.8% to $2.11 billion, while Pizza Hut's revenue is projected to increase by 0.4% to $542 million [5] Cost Management and Profitability - The adjusted operating profit margin is expected to rise by 30 basis points to 10.2%, with adjusted operating profit increasing by 7.1% to $284.9 million [7][10] - Despite challenges from wage inflation and a higher delivery mix, disciplined cost management and margin expansion are expected to enhance profitability [5][10] Earnings Prediction Model - The current model does not predict an earnings beat for YUMC, as it has an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [8][9]

Core Points - The China Securities Hong Kong 300 Leisure Index (H300 Leisure) reported a rise of 4.76% in the past month, 12.93% in the past three months, and 15.70% year-to-date [1] - The index is designed to reflect the overall performance of listed companies in various themes such as banking, transportation, resources, infrastructure, logistics, and leisure, selected from the China Securities Hong Kong 300 Index [1] - The index's base date is December 31, 2004, with a base point of 1000.0 [1] Index Holdings - The top ten weighted stocks in the H300 Leisure Index are: Kuaishou-W (11.55%), Tencent Holdings (9.97%), Baidu Group-SW (9.6%), Trip.com Group-S (9.56%), NetEase-S (9.49%), Yum China (9.21%), Meituan-W (7.95%), Galaxy Entertainment (5.58%), Bilibili-W (3.42%), and Sands China Ltd. (3.07%) [1] - The index's holdings are entirely composed of stocks listed on the Hong Kong Stock Exchange, with a 100% allocation [1] Sector Composition - The sector composition of the H300 Leisure Index includes: Leisure Services (42.01%), Digital Media (38.96%), Cultural Entertainment (11.40%), Alcohol (6.49%), and Marketing & Advertising (1.14%) [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

值得关注的是，恒生银行本次回购为年内首次进行回购。本次回购631.30万港元的百胜中国，年内则进 行多次回购，合计回购金额为10.29亿港元。（数据宝） 8月1日港股公司回购一览 | 代码 | 简称 | 回购股数 | 回购金额（万 | 回购最高价 | 回购最低价 | 年内累计回购金额 | | --- | --- | --- | --- | --- | --- | --- | | | | （万股） | 港元） | （港元） | （港元） | （万港元） | | 00011 | 恒生银行 | 20.00 | 2259.22 | 114.300 | 112.400 | 2259.22 | | 00345 | VITASOY INT'L | 184.40 | 1689.01 | 9.170 | 9.140 | 21697.79 | | 09987 | 百胜中国 | 1.72 | 631.30 | 369.600 | 364.800 | 102855.21 | | 09896 | 名创优品 | 5.26 | 193.59 | 37.500 | 36.250 | 31909.08 | | 01317 | 枫叶教育 | 1 ...