瑞银发表研究报告指，百胜中国次季收入及净利润分别按年升4%及1%，符合市场预期；撇除汇率影响 后的系统销售额按年增长4%，而首季按年升2%，EBITDA亦符合预期。同店销售增长1%，首季则持 平。餐厅利润及经营利润按年分别增长8%及14%，高过市场预期。该行维持予其美股"买入"评级，目 标价59美元。 管理层预期营运效率提升将带动租金及其他成本持续下降，将资本开支指引由原先介乎7亿至8亿美元， 下调至介乎6亿至7亿美元，因单店资本投资下降及加盟店占比提升，该行认为将增强自由现金流生成能 力，巩固股东回报机制。 ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com (责任编辑：宋政 HN002) 格隆汇8月6日｜隔夜美股三大指数集体收跌，中概指数跌0.56%。连续2日反弹的港股三大指数低开， 恒指跌0.15%，国指跌0.21%，恒生科技指数跌0.31%。盘面上，大型科技股多数呈现下跌行情，其中， 百度跌超1%，阿里巴巴、小米、美团、网易均飘绿，腾讯、京东小幅上涨；创新药概念股继续走强， 与DoveTree完成总订单规模约470亿港元的管线合作签约，晶泰科技大涨15%，歌礼制药、康方生物、 远大医药、金斯瑞生物科技皆上涨；宇树发布新款四足机器狗，机器人概念股多数活跃，纸业股继续昨 日上涨。另一方面，餐饮股走低，百胜中国跌超6%，钢铁股、汽车股、电信股、快递物流股普遍下 跌。(格隆汇) ...

Market Overview - On August 5, U.S. stock indices opened high but closed lower, with the Dow Jones down 61.9 points at 44111.74, a decline of 0.14%; the Nasdaq fell 137.03 points to 20916.55, down 0.65%; and the S&P 500 dropped 30.75 points to 6299.19, a decrease of 0.49% [1] - Major tech stocks mostly declined, with Facebook down over 1%, Microsoft down over 1%, Nvidia down nearly 1%, Apple down 0.21%, Google down 0.19%, Tesla down 0.17%, while Amazon rose nearly 1% [3] Pharmaceutical Sector - Pharmaceutical stocks saw significant gains, with Pfizer closing up over 5% and UnitedHealth Group rising over 4% [4] Chinese Stocks - The Nasdaq Golden Dragon China Index fell 0.56%, with mixed performance among popular Chinese stocks. Tianjing Bio surged over 15%, Zhihu rose over 6%, and Canadian Solar increased over 4%. However, companies like Lingzhong Portal fell nearly 20%, Yum China dropped over 6%, and Atour fell over 4% [4] Bond Market - U.S. Treasury yields generally rose, with the benchmark 10-year Treasury yield closing at 4.218% and the more rate-sensitive 2-year Treasury yield at 3.739% [5] Economic Indicators - The ISM reported that the U.S. services PMI for July was 50.1, below the market expectation of 51.5 and the previous month's 50.8, indicating near stagnation in service sector growth. Employment metrics fell from 47.2 to 46.4, the lowest since the pandemic began [6]

Group 1 - Principal Global Investors, LLC increased its stake in Yum China (09987.HK) by purchasing 129,800 shares at an average price of HKD 375.80 per share, totaling approximately HKD 48.78 million [1] - Following the purchase, Principal Global Investors, LLC's total shareholding rose to 18.70 million shares, with its ownership percentage increasing from 4.98% to 5.06% [1]

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。 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） 董事名單及其角色與職能 獨立董事 胡祖六博士 （董事長） Mikel A. DURHAM 女士 Edouard ETTEDGUI 先生 葛新女士 David HOFFMANN 先生 盧蓉女士 邵子力先生 汪洋先生 衛哲先生 張敏女士 朱曉靜女士 董事會設有四個董事會委員會。下表提供本公司各董事任職所在該等委員會的成員資料。 | | | 審計委員會 | 薪酬委員會 | 提名與管治委員會 | 食品安全與可持續 | | --- | --- | --- | --- | --- | --- | | | | | | | 發展委員會 | | 胡祖六博士 | | | | C | | | 屈翠容女士 | | | | | | | Robert B. AIKEN先生 | ...

Market Performance - The Dow Jones Industrial Average closed down by 0.1% [1] - The S&P 500 index fell by 0.49% [1] - The Nasdaq Composite dropped by 0.65% [1] Company Highlights - Pfizer (PFE.N) saw an increase of 5% [1] - Coinbase (COIN.O) experienced a decline of 6.3% [1] - Microsoft (MSFT.O) and Meta Platforms (META.O) both fell by over 1% [1] Chinese Stocks - The Nasdaq Golden Dragon China Index decreased by 0.56% [1] - Yum China (YUMC.N) dropped by 6% [1] - NIO Inc. (NIO.N) fell by 2% [1]

Core Insights - Yum China (09987.HK) reported a 14% increase in operating profit to $304 million for Q2 2025, achieving a record high for the second quarter [1] - Total revenue grew by 4% year-on-year to $2.8 billion, with the same growth rate excluding foreign exchange impacts [1] - The operating profit margin reached 10.9%, up 100 basis points year-on-year, driven by improved restaurant profit margins and reduced management expenses [1] Financial Performance - Core operating profit also increased by 14% year-on-year [1] - Diluted earnings per share rose by 5% to $0.58, marking another record high for the second quarter [1] - Excluding the impact of foreign exchange and a $0.04 adjustment for equity investments, diluted earnings per share increased by 15% [1] Sales and Growth Metrics - System sales increased by 4% year-on-year, benefiting from a net addition of 336 stores and a 1% same-store sales growth [2] - Same-store transaction volume grew by 2%, marking the tenth consecutive quarter of growth [2] - Delivery sales surged by 22%, accounting for approximately 45% of restaurant revenue, with digital order revenue reaching $2.4 billion, representing 94% of restaurant income [2] Customer Engagement and Strategy - The combined membership for KFC and Pizza Hut reached approximately 560 million, a 13% increase year-on-year, with member sales accounting for 64% of system sales [2] - The CEO highlighted the company's focus on efficiency and innovation, with successful product launches driving customer engagement [3][4] - KFC expanded its coffee offerings to over 1,300 locations, while Pizza Hut introduced new menu items to attract previously untapped customer segments [4] Shareholder Returns - Yum China returned $274 million to shareholders in Q2, including $184 million in stock buybacks and $90 million in cash dividends [2]

Core Insights - Yum China Holdings reported revenue of $2.79 billion for the quarter ended June 2025, reflecting a 4% increase year-over-year and surpassing the Zacks Consensus Estimate of $2.78 billion by 0.15% [1] - The company's EPS for the quarter was $0.58, up from $0.55 in the same quarter last year, exceeding the consensus EPS estimate of $0.57 by 1.75% [1] Financial Performance Metrics - Total number of restaurants was 16,978, slightly below the average estimate of 17,076 [4] - KFC restaurants totaled 12,238, compared to the average estimate of 12,279 [4] - Other restaurant categories included 876 locations versus an estimated 932, and Pizza Hut had 3,864 locations, close to the estimated 3,865 [4] - Company sales revenue was $2.61 billion, matching the average estimate and showing a 3.4% year-over-year increase [4] - Revenue from transactions with franchisees was $115 million, exceeding the estimated $106.13 million, marking a significant 19.8% increase year-over-year [4] - Franchise fees and income reached $24 million, below the average estimate of $26.62 million, but still reflecting a 9.1% year-over-year increase [4] - Pizza Hut revenue was $554 million, slightly below the estimated $556.99 million, with a year-over-year increase of 2.6% [4] - KFC revenue was reported at $2.1 billion, surpassing the estimated $2.09 billion, indicating a 4.1% year-over-year growth [4] - Other revenues from Pizza Hut were $6 million, below the estimated $6.38 million, showing a decline of 14.3% year-over-year [4] - Revenue from Pizza Hut franchisee transactions was $1 million, below the estimated $1.57 million, with no year-over-year change [4] Stock Performance - Yum China's shares have returned -2.3% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]

经济观察网百胜中国发布公告，不计及外币换算影响，2025年第二季度总收入同比增长4%至28亿美 元，每股摊薄盈利同比增长5%至0.58美元。此外，净新增门店336家，其中加盟店净新增89家，占比 26%。 ...

每经AI快讯，8月5日，美股绩优股盘初集体高开，辉瑞制药涨4.33%，英国石油涨1.3%，百胜中国涨 1.55%。 ...