GreenTree Hospitality Group Ltd - ADR (N:GHG)
Business Focus: Hotels & Motels
| Sector: Consumer Cyclicals | Industry: Hotels, Motels & Cruise Lines |
| Company Contact | |
| Address: | 1228 Zhongshan North Road Putuo District SHANGHAI SHA 200065 |
| Tel: | 86-21-36174886 |
| Website: | www.998.com/shtml/99/en/index.html |
| IR: | See website |
| Key People | ||
| Alex S. Xu Chairman of the Board, Chief Executive Officer | Yiping Yang Chief Financial Officer | Wen Qi Vice President - Human Resources and Administration | Gregory James Karns General Counsel, Director |
| Business Overview |
| GreenTree Hospitality Group Ltd is a China-based company principally engaged in the operation of franchised hotels. The Company's hotel network is mostly comprised of franchised-and-managed hotels. The Company is dedicated to operate mid-scale hotels and its main brand is called GreenTree Inns. The Company operates its business mainly in China. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, GreenTree Hospitality Group Ltd - ADR revenues increased 74% to RMB1.63B. Net income totaled RMB265.8M vs. loss of RMB382.2M. Revenues reflect Leased-and-operated revenues increase from RMB338.5M to RMB787.8M, Franchised-and-managed revenues increase of 27% to RMB740.5M, Wholesales and others increase from RMB15.9M to RMB98.9M. |
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