GHG Announces Proposed Acquisition of Da Niang Dumplings and Bellagio from GTI
SHANGHAI, May 16, 2022 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GHG" or the "Company"), a leading hospitality management group inChina, today announced that it has entered into a definitive agreement (the "Sale and Purchase Agreement") to acquire Da Niang Dumplings and Bella...
GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2021 Financial Results
* Total revenues increased by 6.1% year over year to RMB307.4 million (US48.2 million)[1] for the fourth quarter 2021. * Income from operations decreased by 69.5% year over year to RMB36.1 million (US$5.7 million) [1] for the fourth quarter 2021. * Adjusted EBITDA (non-GAAP) [2] decreased by...
GreenTree Announces Date to Report Fourth Quarter 2021 Financial Results and Potential Acquisition
SHANGHAI, April 29, 2022 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group inChina, today announced that it will report its unaudited financial results for the quarter endedDecember 31, 2021, after U.S. markets clos...
GreenTree Hospitality Group Ltd. Reports Third Quarter 2021 Financial Results
* Total revenues increased 16.3% year-over-year to RMB310.4 million (US$48.2 million)[1]. * Income from operations decreased 45.6% year-over-year to RMB54.9 million ( US$8.5 million) [1]. * Adjusted EBITDA (non-GAAP) [2] decreased 33.5% year-over-year to RMB73.7 million (US$11.4 million) [1]...
GreenTree to Report Third Quarter 2021 Financial Results on January 12, 2022
SHANGHAI, Dec. 30, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the quarter endedSeptember 30, 2021, after U.S. markets clos...
Chairman's Letter 2021
SHANGHAI, Dec. 20, 2021 /PRNewswire/ -- Dear Shareholders: Thank you for your continuing support and confidence in GreenTree Hospitality Group's people and leadership. 2021: A significant rebound The outbreak of the Covid-19 pandemic adversely affected the hospitality industry world-wide in the...
GreenTree Hospitality Group Ltd. Announces Results of 2021 Annual General Meeting
SHANGHAI, Dec. 16, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality management group inChina, today announced that it held its 2021 annual general meeting of shareholders onDecember 16, 2021. During the mee...
GreenTree Hospitality Group Ltd. Reports Second Quarter 2021 Financial Results
* Total revenues increased 60.7% year-over-year to RMB347.1million (US$53.8 million) [[1]]. * Income from operations increased 42.5% year-over-year to RMB89.3 million ( US$13.8 million) [1]. * Adjusted EBITDA (non-GAAP) [2] increased 44.0% year-over-year to RMB111.2 million (US$17.2 million)...
GreenTree to Hold Annual General Meeting on December 15, 2021
SHANGHAI, Nov. 5, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG), a leading hospitality management group inChina ("GreenTree" or the "Company"), today announced that it will hold its annual general meeting of shareholders at 2451 Hongqiao Road, Changning District,Shanghai 20033...
GreenTree Hospitality Group Ltd. Reports First Quarter 2021 Financial Results
* Total revenues increased 53.3% year-over-year to RMB241.2 million (US$36.8 million) [1] . * Income from operations increased 64.9% year-over-year to RMB61.4 million ( US$9.4 million) [1]. * Adjusted EBITDA (non-GAAP) [2] increased 74.3% year-over-year to RMB64.0 million (US$9.8 million)...
GreenTree to Report First Quarter 2021 Financial Results on July 28, 2021
SHANGHAI, July 14, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the quarter endedMarch 31 2021, after U.S. markets close on ...
GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2020
SHANGHAI, May 1, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it filed its annual report on Form 20-F for the fiscal year endedDecember 31, 2020 with the U.S. Securities and E...
GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2020 Financial Results
Continuous Recovery * Total revenues increased 8.6% to RMB289.8 million (US$44.4 million) [1] from RMB266.9 million in the third quarter. * Income from operations increased 17.4% to RMB118.5 million (US$18.2 million) [1] from RMB100.9 million in the third quarter. * Adjusted EBITDA (n...
GreenTree to Report Fourth Quarter and Fiscal Year 2020 Financial Results on April 14, 2021
SHANGHAI, April 6, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year endedDecember 31, 2020, a...
GreenTree Hospitality Group Ltd. Reports Third Quarter 2020 Financial Results
* Total revenues increased 23.6% to RMB266.9 million (US$39.3 million) [1] fromRMB216.0 million in the second quarter. * Income from operations increased 61.1% to RMB100.9 million (US$14.9 million) [1] from RMB62.7 million in the second quarter. * Adjusted EBITDA (non-GAAP) increased 46.6% t...
GreenTree to Hold Annual General Meeting on December 22, 2020
SHANGHAI, Nov. 12, 2020 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG), a leading hospitality management group inChina ("GreenTree" or the "Company"), today announced that it will hold its annual general meeting of shareholders at 2451 Hongqiao Road, Changning District,Shanghai 2...
GreenTree to Report Third Quarter 2020 Financial Results on December 2, 2020
SHANGHAI, Nov. 12, 2020 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the quarter endedSeptember 30, 2020, after U.S. markets clos...
GreenTree Hospitality Group Ltd. Reports Second Quarter 2020 Financial Results
* The Company's operations and performance, while still impacted by COVID-19, showed a steady recovery in the second quarter. * A total of 4,066 hotels with 296,307 hotel rooms were in operation as of June 30, 2020, compared to 3,998 hotels and 292,716 hotel rooms as of March 31, 2020. * To...
GreenTree to Report Second Quarter 2020 Financial Results on August 13, 2020
SHANGHAI, July 17, 2020 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the quarter endedJune 30, 2020, after U.S. markets close on ...
GreenTree Hospitality Group Ltd. Reports First Quarter 2020 Financial Results
* The Company's operations and performance were severely impacted by the outbreak of COVID-19 that resulted in the lock-down of certain cities, business closures, and restrictions on travel imposed by governments aroundChina. * A total of 3,998 hotels with 292,716 hotel rooms were in operation...
