Sou Hu Cai Jing·2025-11-19 01:37Group 1 - Yum China announced new growth targets, aiming for 20,000 stores by 2026, over 25,000 by 2028, and over 30,000 by 2030 [2] - The CEO highlighted that the company plans to double its store count from 10,000 to 20,000 within six years, a significant acceleration compared to the previous 33 years to reach the first 10,000 [2] - KFC aims to increase its store count to over 17,000 by 2028, with a target operating profit exceeding RMB 10 billion, becoming the first restaurant brand in China to achieve this milestone [2] Group 2 - New businesses like K Coffee and KPRO are exceeding expectations, with K Coffee projected to exceed 5,000 locations by 2029 and KPRO aiming for a thousand stores within five years [3] - Yum China introduced the RGM 3.0 strategy, indicating significant opportunities in the Chinese dining market, currently serving about one-third of consumers, with a goal to increase this to half [3] - The company plans to return approximately 100% of its free cash flow to shareholders starting in 2027, after accounting for dividends to minority shareholders [3]