• Yum China average ebit margin for 2023 was 9.89%, a 2.08% decline from 2022.
• Yum China average ebit margin for 2022 was 10.1%, a 14.12% decline from 2021.
• Yum China average ebit margin for 2021 was 11.76%, a 12.54% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues