Core Viewpoint - Yum China (09987) experienced a significant stock increase of over 6%, reflecting positive financial results and growth in same-store sales for the fourth quarter of the previous year [1] Financial Performance - Total revenue for 2025 reached $11.797 billion, marking a 4% year-over-year increase [1] - Net profit stood at $929 million, a 2% growth compared to the previous year, with earnings per share (EPS) at $2.52 [1] - The company declared a dividend of $0.29 per share [1] - In the fourth quarter alone, total revenue was $2.823 billion, up 9% year-over-year [1] - Net profit for the fourth quarter was $140 million, reflecting a 22% increase, with EPS at $0.40 [1] - Operating profit grew by 25% to $187 million during the fourth quarter [1] - Same-store sales increased by 3%, achieving growth for the third consecutive quarter [1] Expansion Plans - The company opened 1,706 new stores in 2025, expanding its network to 18,101 locations across over 2,500 towns in China [1] - For 2026, the company aims to exceed 20,000 total stores, with a net addition of over 1,900 stores [1] - Franchise stores accounted for 40%-50% of the net new stores for both KFC and Pizza Hut [1] Capital Expenditure and Shareholder Returns - Capital expenditure is projected to be between $600 million and $700 million [1] - The company plans to return $1.5 billion to shareholders [1]
港股异动 | 百胜中国(09987)高开逾6% 去年四季度同店销售额增长3% 经营利润增长25%