百胜中国（09987.HK）今日盘中大跌5.18%，引发市场关注。该公司刚刚公布了2025年第一季度财报，虽然整体业绩有所增长，但似乎未能完全满足市场预期。
根据财报显示，百胜中国第一季度总收入达29.81亿美元，按年增长2%（不计及外币换算）。公司录得纯利2.92亿美元，同比增长3%。经调整后的经营利润为3.99亿美元，增长8%，经营利润率上升至13.4%，较去年同期提高80个基点。公司同时宣布第一季度派发每股0.24美元的股息。
尽管财务数据呈现增长态势，但投资者似乎对公司的增长速度和市场份额扩张持谨慎态度。值得注意的是，百胜中国在本季度净新增门店247家，其中加盟店净新增62家，占比25%。截至3月31日，公司门店总数达到16,642家。然而，这些数据可能未能完全打消市场对中国消费市场复苏速度的担忧。另外，地缘政治风险和潜在的监管压力也可能是影响投资者信心的因素。面对激烈的市场竞争和消费者不断变化的需求，百胜中国未来的增长策略和执行力将继续受到市场的密切关注。
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