Group 1 - Company announced a share repurchase on November 10, 2025, costing HKD 6.2681 million for 18,200 shares [1] - The repurchase price ranged from HKD 340.4 to HKD 348.6 per share [1]

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11日 | 2). | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | | 1,798 | 0 % | USD | 44.79 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 而發行新股或轉讓庫存股份 - 涉及新股 | | | | | | | | | 公司採納的長期激勵計劃項下的授予而發行的股票 | | | | | | | | | 變動日期 2025年11月10日 | | | | | | | | | 於下列日期結束時的結存 (註5及6) | 2025年11月10日 | 361,830,127 | | 0 | | 361,830,127 | | | | B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | | | | | | | 1). | 於2025年9月15日在香港購回之股份 | | ...

Financial Performance - Net income for the quarter ended September 30, 2025, was $305 million, a decrease of 4.4% compared to $319 million for the same quarter in 2024[9] - Comprehensive income for the quarter was $335 million, down from $486 million in the prior year, reflecting a decline of 30.9%[9] - Year-to-date net income as of September 30, 2025, totaled $851 million, slightly lower than $854 million for the same period in 2024[11] - Company sales for the quarter ended September 30, 2025, were $2,998 million, an increase from $2,895 million in the same quarter of 2024, representing a growth of approximately 3.6%[53] - Total revenues for the year to date ended September 30, 2025, reached $9,518 million, compared to $9,166 million for the same period in 2024, indicating a year-over-year increase of about 3.8%[54] - Operating profit for the combined segments (KFC and Pizza Hut) for the quarter ended September 30, 2025, was $400 million, compared to $371 million for the same quarter in 2024[98] - Operating profit for the year to date ended September 30, 2025, was $1,103 million, compared to $1,011 million for the same period in 2024, reflecting an increase of 9.1%[99] Cash Flow and Capital Expenditures - Cash flows from operating activities increased to $1,341 million year-to-date, compared to $1,252 million in the previous year, marking a growth of 7.1%[11] - The company reported capital spending of $385 million year-to-date, down from $523 million in the previous year, a decrease of 26.4%[11] - The excise tax on net share repurchases amounted to $6 million for the year to date ended September 30, 2025, compared to $10 million for the same period in 2024[63] Assets and Liabilities - Total assets decreased to $11,034 million as of September 30, 2025, from $11,121 million at the end of 2024, a decline of 0.8%[12] - Total liabilities slightly decreased to $4,648 million from $4,694 million, reflecting a reduction of 1.0%[12] - Cash and cash equivalents at the end of the period were $648 million, down from $723 million at the beginning of the period, a decrease of 10.4%[12] - The company’s equity decreased to $6,386 million as of September 30, 2025, from $6,414 million at the end of 2024, a decline of 0.4%[12] Share Repurchase and Dividends - The company repurchased shares worth $692 million during the year, compared to $1,057 million in the previous year, a reduction of 34.5%[11] - Cash dividends declared in the third quarter of 2025 were $88 million, equating to $0.24 per common share, compared to $61 million or $0.16 per common share in the same period of 2024[13] - The company repurchased and retired shares amounting to $329 million in the third quarter of 2025, compared to $188 million in the same quarter of 2024, reflecting an increase of approximately 75%[13] Investments and Joint Ventures - The Company has a 65% equity interest in the Lavazza joint venture, which focuses on developing the Lavazza coffee concept in China[21] - The Company invested $14 million in SnowValley Agricultural Group, a key supplier for potatoes, in the first quarter of 2025[40] - The Company reported equity earnings from its investment in Sunner of $5 million for the quarter ended September 30, 2025[33] - The fair value of the Company's investment in Meituan was subject to market fluctuations, with a pre-tax unrealized loss of $11 million for the quarter ended September 30, 2024[38] Store Operations - As of September 30, 2025, the Company operates 12,640 KFC stores and 4,022 Pizza Hut restaurants in China[19][20] - The Company maintains a controlling interest of 58% to 92% in KFC entities across major cities in China[19] Tax and Regulatory Matters - The income tax provision for the quarter ended September 30, 2025, was $114 million, with an effective tax rate of 27.6%, compared to $119 million and 27.3% for the same quarter in 2024[89] - Year-to-date income tax provision for 2025 was $313 million, with an effective tax rate of 27.2%, compared to $309 million and 26.6% in 2024[90] - The company will continue to monitor regulatory developments related to tax reforms, including the OECD's Pillar Two initiative, which introduces a 15% global minimum tax starting January 1, 2024[94] Segment Performance - Revenue from external customers for KFC was $2.404 billion and for Pizza Hut was $635 million for the quarter ended September 30, 2025, totaling $3.206 billion[98] - KFC's revenue from external customers for the year to date ended September 30, 2025, was $6,746 million, up from $6,555 million in 2024, marking an increase of 2.9%[99] - Pizza Hut's revenue from external customers for the year to date ended September 30, 2025, was $1,784 million, compared to $1,750 million in 2024, reflecting a growth of 1.9%[99] Other Financial Metrics - The company reported foreign currency translation adjustments of $30 million in the third quarter of 2025, compared to $167 million in the same quarter of 2024, showing a significant decrease[13] - The provision for accounts receivable was $2 million as of September 30, 2025, compared to $1 million as of December 31, 2024, reflecting an increase in expected credit losses[56] - The company recognized breakage revenue from prepaid stored-value products based on historical redemption patterns, with estimates reviewed annually[44]

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。 投資者關係聯繫方式： 電話: +86 21 2407 7556 Email: IR@yumchina.com 媒體聯繫方式: 電話: +86 21 2407 3824 Email: Media@yumchina.com 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 10 日 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） 自願公告 致投資者的通知— 投資者日日期 本公告乃由百勝中國控股有限公司（「 本公司」） 自願發出。本公司今日宣佈將於2025年11月17 日在中國深圳舉辦投資者日活動。該活動將包含公司管理層的演講與問答環節，以及參觀公司 的餐廳。 演講將於北京／香港時間 2025 年 11 月 17 日（星期一）上午九時開始（即美國東部時間 2025 ...

Core Viewpoint - Yum China (09987) announced a share repurchase plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Summary by Category Share Repurchase Details - The company plans to repurchase 73,700 shares at a cost of $3.2 million [1] - Additionally, it will spend HK$6.274 million to buy back 18,600 shares [1]

Core Viewpoint - Yum! Brands is considering a strategic review of its Pizza Hut brand, which may include the potential sale of the business. This has raised questions about the future of Pizza Hut in the Chinese market, although Yum China has stated that it operates independently and that daily operations will not be affected [2][3][4]. Group 1: Strategic Review and Operations - Yum! Brands announced a strategic review of Pizza Hut, with CEO Chris Turner indicating that additional actions may be necessary to realize its full value [3]. - Yum China operates Pizza Hut independently in China, and the strategic review by Yum! Brands will not impact its daily operations [4]. - The strategic review does not have a set deadline or specific outcome, and further comments or announcements will be made only if deemed necessary [3]. Group 2: Financial Performance - In Q3 2025, Pizza Hut's revenue for Yum! Brands was $240 million, showing a year-over-year increase of 0.84%, but system sales declined by 0.22% to $3.177 billion [8]. - For the first three quarters of 2025, Pizza Hut's revenue decreased by 0.70% to $710 million, with system sales down 1.79% to $9.321 billion [8]. - In contrast, Yum China reported a 3.25% year-over-year increase in Pizza Hut revenue to $635 million in Q3 2025, with system sales up 4% [10]. Group 3: Market Dynamics - Pizza Hut in China has shown signs of recovery, with same-store sales increasing by 1% due to a 17% rise in transaction volume, despite a 13% decline in average ticket price [10][12]. - The number of Pizza Hut restaurants in China reached 4,022, with a net increase of 158 locations in the latest quarter [10]. - The brand's strategy has shifted towards offering more cost-effective products, contributing to the recovery in revenue and customer traffic [12].

智通财经APP讯，百胜中国(09987)发布公告，于2025年11月7日斥资320万美元回购7.37万股;斥资627.4 万港元回购1.86万股。 该信息由智通财经网提供 ...

格隆汇11月10日丨百胜中国(09987.HK)发布公告，2025年11月7日耗资627.4万港元回购1.86万股，回购 价格每股335.2-339.4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10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 | | | | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 ...

Core Insights - Yum China reported a 4% year-on-year increase in system sales for Q3 2025, driven by a 4% net new store contribution and a 1% same-store sales growth [1] Group 1: Financial Performance - Q3 same-store sales and transactions increased by 1% and 4%, marking the eleventh consecutive quarter of growth [1] - KFC's system sales, same-store sales, and same-store transactions grew by 5%, 2%, and 3% respectively, with a 1% decline in average ticket size attributed to a rise in small orders [1] - Pizza Hut's system sales, same-store sales, and same-store transactions increased by 4%, 1%, and 17% respectively, also achieving eleven consecutive quarters of growth [1] - Q3 operating profit and core operating profit both saw an 8% year-on-year increase, with operating profit margin and restaurant profit margin rising by 0.4 and 0.3 percentage points to 12.5% and 17.3% respectively [2] Group 2: Store Expansion - As of September 2025, Yum China had a total of 17,514 stores, with KFC and Pizza Hut having 12,640 and 4,022 stores respectively [1] - In Q3, the company added 536 new stores, with KFC contributing 402 and Pizza Hut adding 158, marking a historical high for Q3 store openings [1] - The company plans to add 1,600 to 1,800 new stores in 2025, with franchise stores making up 40-50% of KFC's and 20-30% of Pizza Hut's new openings [2] Group 3: Product Innovation and Brand Development - KFC introduced new products like the Crispy Golden Chicken Wings, which saw significant sales during promotions, while Pizza Hut's new handmade thin-crust pizza also performed well [2] - The KPRO brand, focusing on energy bowls and super milkshakes, has opened over 100 locations in high-density cities [2] Group 4: Future Outlook - The company plans to return $3 billion to shareholders between 2025 and 2026 [2] - Revenue forecasts for 2025-2027 have been adjusted to $11.7 billion, $12.4 billion, and $13.1 billion respectively, with net profit estimates revised to $918 million, $989 million, and $1.059 billion [3]