Core Viewpoint - Yum China has demonstrated solid growth in a highly competitive fast-food market, with significant increases in revenue and operating profit for the fiscal year ending December 31, 2025 [1][2] Financial Performance - For 2025, Yum China's total revenue reached $11.797 billion, reflecting a year-on-year growth of 4%, while operating profit was $1.29 billion, up 11% [1] - In Q4 2025, operating profit was $187 million, showing a substantial increase of 25% year-on-year [1] Same-Store Sales and Expansion - Same-store sales have shown consistent growth, with sales increasing for three consecutive quarters and transaction volume rising for 12 consecutive quarters [1] - The company has been actively expanding its store network, with a notable increase in the proportion of franchise stores, rising from 25% in 2024 to 36% in 2025 [1] Brand Performance - Pizza Hut's system sales grew by 4% year-on-year, with operating profit increasing by 19% to $18.3 million, driven by a 13% rise in same-store transaction volume, despite an 11% decline in average ticket price [2] - KFC's system sales for 2025 increased by 5%, with operating profit of $1.29 billion, up 8%. KFC added 1,349 new stores, bringing the total to 12,997 [2] Strategic Initiatives - KFC is expanding into the coffee market, with the number of K Coffee locations increasing from approximately 700 to 2,200 in 2025 [2] - The company is also addressing consumer demand for healthier options, with the KPRO brand adding over 200 new locations during the reporting period [2]