Core Viewpoint - Huatai Securities reports that Uni-President China achieved a net profit of 2.01 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 23.1% [1] - The company is expected to maintain stable operations with a high dividend payout ratio, making its dividend yield attractive [1] Financial Performance - The net profit for the third quarter of 2025 was 730 million yuan, reflecting a year-on-year increase of 8.4% [1] - The forecast for net profit from 2025 to 2027 is adjusted to 2.24 billion, 2.42 billion, and 2.54 billion yuan, corresponding to year-on-year growth rates of 21.2%, 7.8%, and 5% respectively [1] Earnings Per Share - The expected earnings per share for 2025, 2026, and 2027 are 0.52 yuan, 0.56 yuan, and 0.59 yuan respectively [1] Valuation - Based on a comparable company average price-to-earnings ratio of 19 times for 2026, a target price of 11.69 HKD is set, slightly down from the previous target price of 11.8 HKD [1] - The rating is maintained at "Buy" [1]