According to reports in Chinese local media, Yum China plans to invest CNY50 million to establish a new company Chuansheng Supply Chain Management (Chengdu), which will be engaged in supply chain management service, food management, and general cargo storage service.
The new company is 100% owned by Yum China.
It is said that on March 17, 2020, Yum China invested CNY80 million in the establishment of Chuansheng Supply Chain Management (Shanghai), which is also engaged in supply chain management service, food management, general cargo storage service, and food and beverage management. The company is also 100% owned by Yum China.
Yum China was separated from Yum Group and it was listed on NYSE independently in November 2016. Yum China owns the exclusive operating rights to KFC, Pizza Hut and Taco Bell in mainland China. It also has chain food and beverage brands like Little Sheep, East Dawning, Huang Ji Huang, and COFFii&JOY.
Yum China's financial report showed that the company realized operating revenue of USD8.78 billion in 2019, a year-on-year increase of 4%; its net profit was USD713 million, a year-on-year increase of 1%; and its net profit after adjustment was USD729 million, a year-on-year increase of 20%. During the reporting period, Yum China opened 1,006 new restaurants, including 742 KFC restaurants. By the end of 2019, Yum China had 9,200 restaurants in total.