Yum China releases annual report for 2024 on Hong Kong Exchange

Yum China Holdings, Inc. (NYSE:YUMC), a prominent player in the Hotels, Restaurants & Leisure sector with a market capitalization of $17.94 billion, has disclosed its annual report for the fiscal year ended December 31, 2024. According to InvestingPro analysis, the stock appears undervalued at current levels, making it particularly interesting for value investors. The report was released today in accordance with the listing rules of The Stock Exchange of Hong Kong Limited, where the company’s securities are also traded under the stock code 9987.

The announcement, made in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), fulfills the company’s regulatory obligations and provides investors with the latest financial information. The company generated revenues of $11.3 billion in the last twelve months, with a healthy gross profit margin of 20%. The complete report is available for public access on the Hong Kong Exchange’s news website.

Yum China, which is incorporated in Delaware and headquartered in Plano, Texas, operates under the organization name ’07 Trade & Services. It maintains a significant presence in the People’s Republic of China, with its principal executive offices located in Shanghai.

The filing was signed by Pingping Liu, the Chief Legal Officer of Yum China Holdings, Inc., ensuring the company’s compliance with the SEC’s reporting requirements. As the custodian of the world’s largest restaurant company in terms of system units, Yum China continues to uphold transparency and communication with its shareholders and the broader investment community.

Investors and interested parties can refer to the provided annual report for a comprehensive overview of Yum China’s financial performance and business operations during the past year. For deeper insights, InvestingPro subscribers can access exclusive analysis, including 8 additional ProTips and a detailed Pro Research Report that transforms complex financial data into actionable intelligence. The information is based on a press release statement and the recent SEC filing by the company.

In other recent news, Yum China Holdings disclosed its annual results for the year ending December 31, 2024, in compliance with the Stock Exchange of Hong Kong’s rules. The disclosure highlights the company’s commitment to transparency and adherence to international financial reporting standards. JPMorgan analyst Kevin Yin adjusted Yum China’s stock price target to $59 from $60, maintaining an Overweight rating. Yin anticipates a 4% increase in fourth-quarter sales and a 12% rise in earnings per share year-over-year, despite a projected same-store sales decline of 1.6% for the quarter. Deutsche Bank (ETR:DBKGn) analyst Han Zhang also revised the stock price target to $54.30 from $57.00, reaffirming a Buy rating due to Yum China’s solid financial strategies, including a recent menu price increase at KFC. Zhang emphasized the company’s effective cost control measures and smooth store openings with quality franchise partners. Investors are keenly awaiting Yum China’s upcoming analyst briefing on February 6, 2025, which will cover fourth-quarter and full-year 2024 results, including updates on sales trends and franchise developments.

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