Tims China (THCH)
Operates Tim Hortons cafés across mainland China, Hong Kong, and Macau.
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Operates Tim Hortons cafés under exclusive master-franchise rights across mainland China, Hong Kong, and Macau. Coffee, tea, baked goods, sandwiches, and sides are sold through company-operated and sub-franchised stores; the business operates only the Tim Hortons segment after its Popeyes China disposal.
Operates the exclusive Tim Hortons master franchise across mainland China, Hong Kong, and Macau. Its one reportable segment sells coffee, tea, other beverages, bakery items, sandwiches, and sides through company-operated and sub-franchised stores.
Independent operators run the sub-franchised locations and pay monthly fees based on gross sales, alongside franchise-support revenue. The offer connects coffee with freshly prepared food and a digitally supported loyalty base.
Following the disposal of Popeyes China, Tim Hortons is the sole reportable segment. Growth depends on attracting capable sub-franchisees and on their ability to open stores in existing and new markets.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $18.1M · Total debt $295.8M · Total assets $153.7M · Shareholders' equity −$211.5M
- Revenue
- $40.8M
- Operating income
- −$8.2M
- Net income
- −$14.5M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 10.55% | 3.38M ADS | |
|---|---|---|---|
| 15 holders · as of Jun 30, 2026 | |||
| Other | 89.45% | 28.66M ADS | |
| remainder | |||
32.04M ADS as of Sep 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
1 position filed across a stock split leaves its adjustment unstated and stays out of the bar.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
SC China Holding LtdInstitution | 9.05% | 2.90M ADS | as of Jun 30, 2026 |
Zazove Associates LLCInstitution | 0.63% | 200,281 ADS | as of Jun 30, 2026 |
Sona Asset Management (US) LLCInstitution | 0.31% | 100,000 ADS | as of Jun 30, 2026 |
Citadel Advisors LLCInstitution | 0.19% | 60,526 ADS | as of Jun 30, 2026 |
Susquehanna International Group, LLPInstitution | 0.10% | 32,705 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
