{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-283928","form_type":"8-K","ticker":"YUMC","cik":"0001673358","company_name":"Yum China Holdings, Inc.","filed_at":"2025-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.109412+00:00","generated_at":"2026-05-16T19:18:44.296537+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Yum China unveils RGM 3.0 strategy, targets high-single-digit OP CAGR and double-digit EPS CAGR through 2028","bullets":["Store expansion: on track for 20,000 stores by 2026, accelerating to over 30,000 stores by 2030.","2026-2028 targets: high-single-digit OP CAGR, double-digit diluted EPS CAGR, double-digit FCF per share CAGR vs 2025 base.","2025 full-year outlook: OP margin 10.8%-10.9%, restaurant margin ~16.2%, FCF per share $2.2-$2.3.","Capital return: on track to return $1.5B each year 2024-2026; from 2027 return ~100% of free cash flow after NCI dividends ($900M-$1B+ annually).","KFC targets >17,000 stores and OP >RMB 10B by 2028; Pizza Hut targets >6,000 stores by 2028 and double OP by 2029 vs 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-283928","json":"https://secwatch.observer/filing/0001193125-25-283928.json","markdown":"https://secwatch.observer/filing/0001193125-25-283928.md","text":"https://secwatch.observer/filing/0001193125-25-283928.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1673358/000119312525283928/0001193125-25-283928-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1673358/000119312525283928/d723391d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:18:44.296537+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}