Yunnan Yukun

Founded as Yunnan Yukun Steel Football Club on 31 July 2021 by Yuxi Education Investment Co., Ltd., the club entered the 2021 Chinese Champions League, with Zhu Jiong as the club's head coach. Yunnan Yukun Steel were eventually knocked out in the finals in a group that consisted of Jinan Xingzhou and Jiangsu Zhongnan Codion.

The club was reformed in 2022 as Yuxi Yukun Steel Football Club by organisations which included the Yunnan Yuxi Yukun Steel Group, in a bid to secure promotion to China League Two, the Chinese third-tier. Led by player-manager Shi Jun, Yukun advanced out of their regional group in the 2022 Chinese Champions League. The club went on to become champions of the league on 20 November 2022 as they defeated Chongqing Tongliangloong over a penalty shoot-out after a two-legged tie, while confirming their spot in China League Two.

At the end of pre-season in 2023, Yuxi Yukun Steel appointed Niu Hongli as the club's new manager for the coming 2023 China League Two season. On 21 March 2023, the club changed its name to Yunnan Yukun Football Club. On 20 June 2023, following a 3–1 loss at Hainan Star, Niu Hongli resigned as manager, and Shi Jun would return to the club as his replacement. In the South Group, after 14 games, Yunnan Yukun were placed third, thus advancing to the promotion stage. Less than three months after his managerial appointment, Shi Jun resigned as manager on 5 September with eight points to a promotion place and only five league games remaining, and Li Jinyu was appointed as Yunnan Yukun manager on 7 September. Yunnan Yukun finished third place in the promotion stage, one place short for promotion to China League One. Following the dissolutions of Dalian Pro and Shenzhen, two clubs that have finished higher than them in the Chinese football pyramid, Yunnan Yukun were one club's disqualification away from gaining entry into China League One, so as to make up the numbers. In January 2024, Dandong Tengyue player Li Xiaoting accused Yunnan Yukun on social media of "bribing Dandong to dissolve," in order for Yunnan Yukun to be promoted to China League One as a result. After reportedly undergoing investigation, Yunnan Yukun were allegedly confirmed to have not taken part in any transactions, but were admitted into China League One nonetheless, due to Dandong Tengyue's withdrawal from the league, independent of the influence from Yunnan Yukun.

The winter pre-season of 2024 saw Yunnan Yukun bring in former international footballers Zakaria Labyad from FC Utrecht, Nyasha Mushekwi from Zhejiang, and Alexandru Ioniță from Rapid București, as well as various domestic players with Chinese Super League playing experience to further strengthen their squad and prepare for the 2024 season. Yunnan Yukun received their first point in China League One on the first league game of the season on 9 March 2024, as they drew 0–0 away at Foshan Nanshi. With 17,872 fans in attendance, Yunnan Yukun secured their first win in China League One on 16 March as they defeated 10-men Nanjing City 2–1 on the club's home debut of the season.