百胜中国2023年度报告

Yum China Holdings, Inc.百勝中國控股有限公司 前瞻性陳述. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1業務. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2有關高級管理人員的資料. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26風險因素. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28財務概要. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .71管理層討論及分析. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .72董事及高級管理層. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .97董事會報告. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .101企業管治報告. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .122獨立會計師報告. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .138合併財務報表. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .144 (i)(ii) 193327A193421E1995 ุਕ 3114,6442,000 202312 3186% Lavazza 20231939(Colonel Harland D. Sanders)(Corbin)19872023123110,2962,0002023 202320231102023123114,644Lavazza 1987352023202312 20231231163 2023202312 31199020233,3127002023 20161220231231120 2021RGMRGM202620,000 Lavazza Lavazza20204Luigi S.p.ALavazza GroupLavazzaLavazzaLavazzaLavazza202312 31122LavazzaLavazza 202620,000 20204200420231231631 1,000 2023123114%2024202615%–20% Lavazza2020 i-kitchen 2023 O2OO2O202336% TO-GO20204LavazzaLavazza202312 31122Lavazza1,000Lavazza 202312314.41.5520239089%AIGenAI ุਕ 20167,562202314,64410% 202312 3114% 20231.51.3 332,0003,0003545505,000 8001,300 ุਕ 2023500 27 2021 2016122018AppsAppApp AppApp202389% AppsAppApps202312314.70202365% 201562016201633%202399%2019 20102015O2OApps Apps2016AppApps 201921%202030%202132%202239%202336%2023 TO-GO2023123175%85% 10-K ุਕ 20231002023 20209 20232022202112 31 2023123170910%5%20231231 2023216617202282022IRAIRA202212311%15 (1)(2)(3) (i)(ii) 100 10%50% 2016516%5%[2016]362016516%9%13%201717%13%11%6%13%9%6% 25% ุਕ 10%10%0.05% 7%13% 10%10%25%5%201820185%10% 20152 10% (i)(ii)20191 120% 20171221%(1)20171231(2)2017 20192019 ุਕ 2022IRA20228IRAIRA15%CAMT202212 311%202212272023-7CAMT2023CAMT 2021122202012182021PCAOB202212292023(ConsolidatedAppropriations Act) 16.5%201828.25%16.5%202212FSIE202311FSIE 20211216PCAOBPCAOBPCAOB202112162022330HFCAA20228PCAOBPCAOB20221215PCAOB2021 OECDOECD15%20241 1 PCAOB2021PCAOBPCAOBPCAOBPCAOB 20224155050YUM3%YUMYUM20224 15YUM 10-KPCAOB YUM20161031YUMYUMYUMYUM Yum! Brands, Inc.YUM202011YRI China Franchising LLCYUM2016103120191231Yum! Restaurants Asia Pte. Ltd.YUM2016103150 202352,89020% ุਕ 2022 20231231430,000155,000277,00034,000115,000 2023 50%202353%2023 201220234246250 20231,000 (BenchPlanning) 20235,000 (RSUs)20162,000202313,900202123,0004,80020239% 2023 YUMC Care17,000 2050100%RSPO2025100%FSC 20502035(SBT) 203512202063%20353202066.3% 2030202010% 20252025202020%2023PSUs 1.5°CTCFDTCFDCDP 100% ุਕ ISO 27001 2025201930% 16 2018ISO/IEC27001:2013 202312,64812,58959 9,194 3,140 255 202017 1020 1415011 Ϟᗫ৷ॴ၍ଣɛٙࡰ ༟ࣘ 20242 29 202252020720226199820072015 2018320177 20191020174201982014120173(Cheetah Mobile Inc.)CMCM20092013Oppenheimer & Co. Inc.20042009Thomas Weisel Partners2001 201711201610201710201512016102012320138 201812016112013201610 202111201862021111995 201832016102018320142016101996YUM20172YUM19921996 2024120165202005720137Shearman &Sterling LLP2002920056Arnold & Porter LLP 202412019112023520211120235 ᎈΪ९ࠬ (q)(r)(s)(t)Lavazza(u)(v)(w)GenAI(x)(y)(z)(aa)(bb)(cc)(dd)(ee)(ff)(gg)(hh)(ii) (a)(b)(c)(d)(e)YUM(f)(g)YUM(h)(i)(j)(k)(l)(m)(n)(o)(p) (l)(m)(n)(o)(p)(q)(r)(s)(t) (jj)(kk)(ll) (a)(b)(c)10-KPCAOB(d)(e)(f)(g)(h)(i)(j)(k) (a)YUM(b)YUM ᎈΪ९ࠬ YUM YUM(c)YUM(d)YUM(e)YUM(f) (a)(b)(c)(d) 2019102019121 20122014 ᎈΪ९ࠬ 202020212022 201711202112 312016112016123120181120221231201711201712 31 2021123120211231YUMYUMYUM20221231YUM YUM YUM201711(5) YUMYUMYUMYUMYUMYUM YUMYUMYUMYUMYUMYUMYUM YUM YUM ᎈΪ९ࠬ 20,000 2019 (i)(ii)(iii) 202312,500 10206%2024 20081120121228 YUM 202212 20234.41.55202365%202389% ᎈΪ९ࠬ 202221520229 1(i)(ii) 430,000 2017612021912021111 ᎈΪ९ࠬ 202399%2019 2022COFFii &JOY 20204LavazzaLavazza20219LavazzaLavazza20231231122Lavazza1,000Lavazza 202390%95%202336% LavazzaLavazza Lavazza 201752018201923 Lavazza 2018COFFi