Security
GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share · GHG
GHGNYSEotherCurrentCIK 1724755Updated Oct 6, 2026
GHG price & chart
Loading TradingView…
NYSE:GHG on TradingView ↗About the company
GreenTree Hospitality Group Ltd. (“GreenTree” or the “Company”) (NYSE: GHG) is a leading hospitality and restaurant management group in China. As of June 30, 2026, GreenTree had a total number of 4,615 hotels and 198 restaurants. GreenTree was the fourth largest hospitality company in China in 2025 according to the China Hospitality Association. In 2025, HOTELS magazine ranked GreenTree 12th among the 225 largest global hotel groups in terms of number of hotels in its annual HOTELS’ 225.
Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 684,420,461Source | 677,752,517Source | 713,643,696Source | 738,862,014Source |
| Property, Plant and Equipment, NetUSD | 80,067,346Source | 88,985,000Source | 114,783,170Source | 121,030,517Source |
| GoodwillUSD | 3,678,092Source | 13,162,148Source | 24,941,544Source | 4,289,200Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 16,580,613Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 236,258,523Source | 204,161,435Source | 107,825,117Source | 92,378,098Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 11,630,821Source | 13,657,205Source | 17,449,243Source | 16,746,696Source |
| Inventory, NetUSD | 703,860Source | 942,758Source | 2,882,081Source | 324,201Source |
| Assets, CurrentUSD | 271,128,052Source | 251,409,588Source | 229,124,298Source | 246,753,134Source |
| Operating Lease, Right-of-Use AssetUSD | 161,600,520Source | 182,015,045Source | 216,246,815Source | 223,966,174Source |
| Other Assets, NoncurrentUSD | 42,550,522Source | 14,048,723Source | 14,750,292Source | 13,716,665Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 454,455,666Source | 473,266,597Source | 505,185,338Source | 522,993,550Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -41,690,458Source | -62,791,989Source | -80,048,986Source | -8,107,397Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,586,292Source | 826,554Source | 4,000,237Source | 4,020,776Source |
| Stockholders' Equity Attributable to ParentUSD | 225,445,632Source | 199,847,402Source | 203,132,196Source | 209,401,777Source |
| Additional Paid in Capital, Common StockUSD | 224,070,852Source | 220,565,297Source | 236,723,524Source | 166,925,992Source |
| Liabilities and EquityUSD | 684,420,461Source | 677,752,517Source | 713,643,696Source | 738,862,014Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 168,792,308Source | 159,668,160Source | 188,959,883Source | 179,038,017Source |
| Operating Lease, Liability, CurrentUSD | 26,406,782Source | 33,066,629Source | 37,681,777Source | 30,503,509Source |
| Accounts Payable, CurrentUSD | 6,390,184Source | 7,738,880Source | 10,299,677Source | 3,007,772Source |
| Operating Lease, Liability, NoncurrentUSD | 147,641,650Source | 166,560,639Source | 196,046,326Source | 210,146,568Source |
| Deferred Income Tax Liabilities, NetUSD | 7,999,505Source | 10,914,870Source | 13,340,539Source | 8,765,399Source |
| Other Liabilities, NoncurrentUSD | 16,804,209Source | 16,573,638Source | 15,734,271Source | 17,426,787Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 4,519,163Source | 4,638,518Source | 5,326,162Source | 6,466,687Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | — | — | 26,237,248Source | 27,417,756Source |
| Deferred Revenue, NoncurrentUSD | — | — | 29,282,915Source | 33,737,655Source |
| Deferred Tax Liabilities, NetUSD | 49,026,555Source | 56,589,565Source | 69,392,011Source | 68,499,100Source |
| Long-term DebtUSD | 36,636,113Source | 35,154,056Source | 8,028,282Source | 43,756,886Source |
| Long-term Debt, Current MaturitiesUSD | 8,122,292Source | 54,800Source | — | — |
| Short-term InvestmentsUSD | — | 1,435Source | 58,833,451Source | 26,972,043Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 23,359,773Source | 14,702,008Source | 36,694,544Source | -60,178,982Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 11,428,155Source | 14,047,690Source | 16,460,829Source | 15,930,164Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 8,824Source | -9,041Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -496,436Source | 550,124Source | 754,838Source | 8,216,465Source |
| Increase (Decrease) in InventoriesUSD | -280,178Source | -2,002,783Source | -671,130Source | 114,986Source |
| Increase (Decrease) in Accounts PayableUSD | -2,711,637Source | -413,994Source | -7,105,888Source | 83,260Source |
| Deferred Income Tax Expense (Benefit)USD | -2,154,711Source | -2,581,114Source | -341,320Source | -18,239,603Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 40,221,570Source | 51,152,542Source | 64,092,392Source | 42,366,858Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -8,976,900Source | 47,318,455Source | -13,198,553Source | 57,771,141Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 37,344,465Source | 10,902,695Source | 12,361,308Source | 10,005,840Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 762Source | 50,044Source | 2,775,641Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -6,210,082Source | 1,442,933Source | -42,780,078Source | -49,570,283Source |
| Dividends paid | —Source | —Source | — | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 21,912,612Source | 100,502,956Source | 8,118,281Source | 50,723,279Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 240,013,588Source | 208,951,809Source | 111,494,629Source | 97,205,707Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,111,316Source | 1,079,662Source | 1,979,442Source | 3,708,683Source |
| Income Taxes Paid, NetUSD | 8,125,215Source | 11,312,938Source | -8,695,252Source | -7,804,285Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -3,121,976Source | 589,026Source | 4,520Source | 155,563Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 277,807Source | 653,072Source | 941,714Source | 763,771Source |
| Debt Securities, Trading, Gain (Loss)USD | — | — | -985,662Source | -9,011,807Source |
| DepreciationUSD | 12,439,411Source | 15,204,139Source | 15,519,115Source | 15,166,393Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | — | — | -1,637,533Source |
| Equity Securities, FV-NI, Gain (Loss)USD | — | -177,990Source | — | — |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY | 0Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -4,404,622Source | 3,767,118Source | 52,421Source | 2,561,672Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | -172,390Source | -2,336,753Source |
| Gain (Loss) on Disposition of Other AssetsUSD | 23,452,777Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -5,085,819Source | 3,471,400Source | -305,214Source | -188,983Source |
| Gain (Loss) on Termination of LeaseUSD | 7,571,712Source | — | — | — |
| General and Administrative ExpenseUSD | 18,655,796Source | 25,009,397Source | 29,357,270Source | 30,557,271Source |
| GoodwillUSD | 3,678,092Source | 13,162,148Source | 24,941,544Source | 4,289,200Source |
| Goodwill, Impairment LossUSD | 9,508,087Source | 11,098,050Source | 0Source | 13,228,046Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 2,478,300Source | 5,352,842Source | 2,257,356Source | — |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 2,478,300Source | 5,352,842Source | 2,257,356Source | 1,739,886Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 22,764,383Source | 14,861,677Source | 36,890,603Source | -59,947,250Source |
| Income (Loss) from Equity Method InvestmentsUSD | 714,990Source | -2,048,646Source | -196,059Source | -231,732Source |
| Income Tax Expense (Benefit)USD | 6,560,756Source | 12,155,545Source | 16,683,651Source | -6,610,279Source |
| Investment Income, InterestUSD | — | — | 5,827,006Source | 122,394Source |
| Net Income (Loss) Attributable to ParentUSD | 23,850,941Source | 15,070,246Source | 37,932,408Source | -55,416,250Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -491,168Source | -368,238Source | -1,237,864Source | -4,762,732Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 23,850,941Source | 15,070,246Source | 37,932,408Source | -55,416,249Source |
| Nonoperating Income (Expense)USD | 16,195,250Source | 2,256,938Source | — | — |
| Operating Costs and ExpensesUSD | 159,881,717Source | 170,107,168Source | 185,746,091Source | 202,892,790Source |
| Operating Lease, ExpenseUSD | — | — | — | 32,554,703Source |
| Other Operating Income (Expense), NetUSD | — | — | 3,209,019Source | 3,512,952Source |
| Payments to Acquire InvestmentsUSD | — | 30,445,385Source | — | — |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 57,995Source |
| Provision for Loan, Lease, and Other LossesUSD | 6,022,191Source | 3,488,304Source | 2,168,576Source | 23,405,392Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 714,990Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 156,919,448Source | 184,050,552Source | 229,194,451Source | 135,823,418Source |
| Cost of RevenueUSD | 102,157,045Source | 112,694,000Source | 133,443,966Source | 86,124,706Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 8,101,740Source | 22,183,566Source | 47,275,161Source | -64,249,548Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 29,325,139Source | 27,017,222Source | 53,574,254Source | -66,557,529Source |
| Income Tax Expense (Benefit)USD | 6,560,756Source | 12,155,545Source | 16,683,651Source | -6,610,279Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -491,168Source | -368,238Source | -1,237,864Source | -4,762,732Source |
| Net Income (Loss) Attributable to ParentUSD | 23,850,941Source | 15,070,246Source | 37,932,408Source | -55,416,250Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 277,807Source | 653,072Source | 941,714Source | 763,771Source |
| Current Income Tax Expense (Benefit)USD | 8,715,467Source | 14,736,659Source | 17,024,971Source | 11,629,324Source |
| Debt Securities, Trading, Gain (Loss)USD | — | — | -985,662Source | -9,011,807Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 12,717,218Source | 15,857,211Source | 13,097,066Source | 13,454,430Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY | 0Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -4,404,622Source | 3,767,118Source | 52,421Source | 2,561,672Source |
| General and Administrative ExpenseUSD | 18,655,796Source | 25,009,397Source | 29,357,270Source | 30,557,271Source |
| Goodwill, Impairment LossUSD | 9,508,087Source | 11,098,050Source | 0Source | 13,228,046Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 11,429,539Source | 24,201,287Source | 49,548,823Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 22,764,383Source | 14,861,677Source | 36,890,603Source | -59,947,250Source |
| Income (Loss) from Equity Method InvestmentsUSD | 714,990Source | -2,048,646Source | -196,059Source | -231,732Source |
| Interest ExpenseUSD | 1,093,167Source | 864,487Source | 1,979,442Source | 3,679,152Source |
| Interest Income (Expense), Nonoperating, NetUSD | 5,406,326Source | 5,489,851Source | — | — |
| Interest Income, OtherUSD | — | — | — | 6,870,026Source |
| Investment Income, InterestUSD | — | — | 5,827,006Source | 122,394Source |
| Labor and Related ExpenseUSD | 5,332,804Source | 6,737,857Source | — | — |
| Marketing and Advertising ExpenseUSD | 3,627,461Source | 3,133,531Source | 3,404,358Source | 1,790,274Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 23,850,941Source | 15,070,246Source | 37,932,408Source | -55,416,249Source |
| Nonoperating Income (Expense)USD | 16,195,250Source | 2,256,938Source | — | — |
| Operating Costs and ExpensesUSD | 159,881,717Source | 170,107,168Source | 185,746,091Source | 202,892,790Source |
| Operating Lease, ExpenseUSD | — | — | — | 32,554,703Source |
| Other Cost and Expense, OperatingUSD | 7,397,503Source | 971,389Source | 1,648,552Source | 470,460Source |
| Other ExpensesUSD | 1,987,506Source | 1,180,987Source | 4,272,240Source | 1,602,500Source |
| Other General ExpenseUSD | 11,850,897Source | 5,722,375Source | 11,209,114Source | 66,925,340Source |
| Other Operating IncomeUSD | — | — | 3,826,801Source | 2,819,824Source |
| Other Operating Income (Expense), NetUSD | — | — | 3,209,019Source | 3,512,952Source |
| Selling and Marketing ExpenseUSD | 7,834,089Source | 9,259,115Source | 10,087,189Source | 5,586,967Source |
Filing attachments
ea030296801ex99-1.htm · 6-K · 2026-08-25
Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Second Quarter of 2026 Financial Results Total revenues decreased by 18.7% year over year to RMB235.1 million (US$34.7 million)[1]. Income from operations was RMB48.2 million (US$7.1 million)[1] compared to RMB49.2 million for the second quarter of 2025. Net income was RMB21.3 million (US$3.1 million)[1] compared to RMB160.0 million for the second quarter of 2025. Core net income (non-GAAP)[3] increased 4.4% year over year …
Read attachment ↗ea029646601ex99-1.htm · 6-K · 2026-06-30
Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports First Quarter of 2026 Financial Results Total revenues decreased by 14.0% year over year to RMB227.7 million (US$33.0 million)[1]. Income from operations was RMB28.7 million (US$4.2 million)[1] compared to RMB11.3 million for the first quarter of 2025. Net income was RMB14.0 million (US$2.0 million)[1] compared to RMB7.8 million for the first quarter of 2025. Core net income (non-GAAP)[3] increased 31.7% year over year to…
Read attachment ↗ea028940801ex99-1.htm · 6-K · 2026-05-06
Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2025 Financial Results Total revenues for the fourth quarter decreased by 24.9% year over year to RMB 228.7 million (US$32.7 million)1. Net income was RMB-55.7million (US$-8.0 million)1 compared to RMB-72.8 million for the fourth quarter of 2024. Core net income4 was RMB63.2 million (US$9.0 million)1 compared to RMB57.8 million for the fourth quarter of 2024. SHANGHAI, April 28, 2026 /PRNe…
Read attachment ↗