Core Viewpoint - The fire disaster in Hong Kong's Tai Po district has resulted in significant casualties and property damage, prompting a swift response from various companies to provide aid and support for recovery efforts [1]. Company Responses - China Resources Beverage activated its emergency response mechanism, delivering 10,080 bottles of water within two hours to ensure basic drinking water safety for affected residents [1]. - China Resources Vanguard coordinated with local welfare agencies to provide over 5,000 essential supplies, including milk and instant noodles, to support disaster relief efforts [1]. - China Resources Charity Fund donated HKD 20 million for emergency rescue, medical assistance, and emotional support for victims [1]. - Wens Foodstuff Group pledged HKD 40 million in cash and supplies to assist local residents with recovery and rebuilding efforts [1]. - Nongfu Spring delivered drinking water and beverages to shelters and donated HKD 10 million in cash and HKD 5 million in supplies for emergency relief and recovery [5]. - Haitian Flavoring & Food Company donated HKD 10 million for medical aid, emergency housing, and rebuilding efforts [7]. - Heytea contributed HKD 5 million to support disaster relief and subsequent recovery efforts for affected residents [11]. - Cha Baidao initiated a donation of HKD 5 million for medical assistance and rebuilding efforts for the affected population [13]. - Yum China, through its brands, donated RMB 3 million to aid Hong Kong's Tai Po fire relief efforts [15]. - Green Tea Group donated HKD 1 million for emergency assistance to affected residents and will continue to monitor the situation [18]. - Haidilao initiated an emergency response, sending over 1,200 boxes of instant food and donating RMB 4 million for medical aid and essential supplies [22].

门店三合一、拼出一只鸡，百胜中国的逆势扩张计划。 文 丨 董慧 编辑 丨 黄俊杰 都说餐饮行业难做，但经营着肯德基、必胜客的百胜中国觉得，现在是大扩张的好时候。 11 月投资者日，百胜中国宣布了一项扩张计划：5 年后总门店数超过 30000 家，开进 4500 个县市。 目前有 17000 多家店的百胜中国，已经是中国营收规模最大的连锁餐饮企业，这意味着它要在 5 年内 再造一个自己。 计划附带一系列财务目标，店要猛开，店还得健康：同店销售额保持在持平到 2% 增长之间；集团利 润率继续提升；投资资本回报率从 16.9% 提升到 20%。 怎样让这个颇有野心的计划落地，并且风险可控，百胜中国 CFO 丁晓和我们一起算了帐。 丁晓早年在摩根大通、UBS 等外资投行以及阿里工作过，2019 年加入百胜中国，最早负责投资业 务，参与投资 LAVAZZA，有近三年时间兼任 LAVAZZA 中国合资公司总经理。去年 10 月，丁晓成 为集团代理 CFO，今年 3 月起担任 CFO。 对话前一天，丁晓刚带投资人们参观了一家 "三合一" 的肯德基门店。门店位于深圳天安，在原有肯德 基基础上，多开了一家肯悦咖啡和一家肯律轻食 ...

于2025年11月26日该公司斥资1977.89万港元回购5.25万股，回购价格为每股375.8-379.2港元。 百胜中国(09987)发布公告，于2025年11月26日该公司斥资1039.99万美元回购21.34万股，回购价格为每 股48.44-48.93美元。 ...

智通财经APP讯，百胜中国(09987)发布公告，于2025年11月26日该公司斥资1039.99万美元回购21.34万 股，回购价格为每股48.44-48.93美元。 于2025年11月26日该公司斥资1977.89万港元回购5.25万股，回购价格为每股375.8-379.2港元。 ...

格隆汇11月27日丨百胜中国(09987.HK)发布公告，2025年11月26日耗资1977.9万港元回购5.25万股，回 购价格每股375.8-79.2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11月27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 2 頁 共 11 頁 v 1.3.0 | 9). | 於2025年9月25日在香港購回之股份 | | 18,500 | 0.01 % | HKD | 338.61 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年9月25日 | | | | | | 10). | 於2025年9月26日在香港購回之股份 | | 18,600 | 0.01 % | HKD | 336.42 | | | 變動日期 | 2025年9月26日 | | | | | | 1 ...

Core Insights - The article highlights the successful annual meeting of Yum China, where nearly 11,000 restaurant managers gathered to review the company's achievements and strengthen consensus for future growth [1][3] Company Performance - Yum China's CEO, Qu Cuirong, announced that the company added 1,119 new stores in the first three quarters of 2025, bringing the total to over 17,000 stores, with system sales increasing by 4% and operating profit rising by 9% [3][5] - KFC continues to expand robustly, with over 12,000 stores as of Q3 2025, driven by multi-format collaboration, improved store operations, and enhanced delivery efficiency [5][7] - Pizza Hut reported a 17% year-on-year increase in same-store sales, marking the eleventh consecutive quarter of growth, with its store count surpassing 4,000 [7] Strategic Initiatives - Yum China is implementing the RGM 3.0 strategy, focusing on resilience, growth, and strategic moat, with a dual approach of innovation and efficiency [15] - The company aims to reach 20,000 stores by 2026, 25,000 by 2028, and 30,000 by 2030, with specific targets for KFC and Pizza Hut regarding store expansion and profit growth [15] Employee Development - The company emphasizes employee development and engagement, launching various incentive programs and recognition awards to enhance team cohesion and morale [17][18] - Yum China's commitment to employee satisfaction has been recognized internationally, as it was listed in Time magazine's "World's Best Companies" and has been honored as a "Top Employer" in China for seven consecutive years [18] Market Positioning - The company is diversifying its brand portfolio with new ventures like Lavazza and KPRO, which are expanding rapidly and contributing to overall growth [9][11]

Core Insights - The core theme of the 2025 Restaurant Manager Conference held by Yum China is "Nurturing New Growth: Bamboo Dreams Ahead," symbolizing the company's resilience and growth in the face of industry changes [1] - Yum China's CEO announced significant achievements, including the addition of 1,119 new stores and a total store count exceeding 17,000, with system sales up by 4% and operating profit up by 9% for the first three quarters of 2025 [1] Expansion Strategy - KFC continues its strong growth trajectory, with over 12,000 stores as of Q3 2025, leveraging multi-format collaboration, improved store operations, and enhanced delivery efficiency [2] - The company is expanding its business footprint through a "Shoulder to Shoulder" development model, with K Coffee and KPRO light meals contributing to low-cost, efficient expansion [2] - Pizza Hut has seen a 17% year-on-year increase in same-store transactions, marking its 11th consecutive quarter of growth, with store count surpassing 4,000 [2] RGM 3.0 Strategy - Yum China's RGM (Resilience, Growth, and Moat) 3.0 strategy focuses on business resilience, growth, and strategic advantages, emphasizing innovation and efficiency [4] - The company aims to reach 20,000 stores by 2026, 25,000 by 2028, and 30,000 by 2030, with KFC planning to increase its store count by about one-third to over 17,000 by 2028 [5] Employee Development - The successful implementation of the RGM strategy is attributed to employee contributions, with the company launching various incentive programs to support career development and training [6] - Yum China has been recognized as one of the "World's Best Companies" by TIME magazine, reflecting its commitment to employee satisfaction and sustainable development [6]

格隆汇11月26日丨百胜中国(09987.HK)公告，11月25日耗资1039.99万美元回购21.57万股，每股回购价 47.79-48.65美元。 ...

智通财经APP讯，百胜中国(09987)发布公告，于2025年11月25日斥资1039.99万美元回购21.57万股;斥资 1966.75万港元回购5.28万股。 该信息由智通财经网提供 ...