百胜中国2021年年度报告（英文版）

2021ANNUALREPORTDear Stockholders,In2202021,1tthehe world continued to navigate the challleneges ararisiinnggfrfrommttheh COVVID-19 9papandndemic, which changeed douor lives ananddhahabits, and caused disruptions to manybbusinneseseses..TTheherresestataururananttinnduduststryywwasasnnooexexceceptptioion.n.NNevevertheless, Yum China stayed agiilel,,rermamined laser-focusedoonnexeececututioion,n,aandndddelelivivererededssololididrresesulultsts. Ouur cocrereccapapababiliititieies shehld strong: opererataional execeelllenncece,,a arorobubustst suppply chchaiainnananddininduduststryry-l-leaeadidngngddigitiall cappabilities proteccteteddouour r bubusisinenessss frfromommmajajororddisisruruptptioionsns..OuOur r ststorore e dedevevelolopmpmenenttanand dpepeopopleleddevevelopment capabilities enabled usttooopopene newsstotores ata a arerecoordrdpace amamiddrregegioionanal lououtbtbrereakaks.s.IIwwanant t totoeexpxpreressssttooouor employees once again my ydedeepepesest t grgratatititudude e fo