Core Viewpoint - Nomura Securities predicts that Yum China will achieve a 4% year-on-year revenue growth to $11.7 billion and a normalized profit growth of 2% to $930 million for the year, indicating strong business resilience and solid fundamentals [1] Revenue and Profit Forecast - Yum China's revenue is expected to grow by 4% to $11.7 billion [1] - Normalized profit is projected to increase by 2% to $930 million [1] Business Performance and Strategies - The company is anticipated to maintain robust performance, with system sales expected to achieve mid-single-digit percentage growth in the second half of the year [1] - Yum China is enhancing customer loyalty through product innovation, such as the limited edition Huangmen Chicken Rice launched by KFC, and collaborations with IPs to attract diverse consumer groups [1] Investment Rating - Nomura maintains a "Buy" rating on Yum China with a target price of HKD 432 [1]