GreenTree Hospitality Group Ltd - ADR (N:GHG)
Business Focus: Hotels & Motels
Mar 25, 2024 11:06 pm ET
GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Total revenues increased by 3.2% year over year to RMB372.2 million (US$52.4 million)[1].Income from operations was RMB23.1 million (US$3.2 million) compared to RMB-5.1 million for the fourth quarter of 2022 . Net income was RMB7.4 million (US$1.0 million) compared to RMB-3.8 million for the fourth quarter of 2022.Adjusted EBITDA (non-GAAP)[2] increased by 2.1% year over year to RMB116.3 million (US$16.4 million)[1].SHANGHAI, March 25, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant man
Nov 21, 2023 05:30 pm ET
GreenTree Hospitality Group Ltd. Reports Third Quarter 2023 Financial Results
Total revenues increased by 15.3% year over year to RMB460.9 million (US$63.2 million)[[1]].Income from operations was RMB137.8 million (US$18.9 million), compared to RMB3.7 million for the third quarter of 2022 . Net income was RMB117.4 million (US$16.1 million), compared to RMB-62.3 million for the third quarter of 2022.Adjusted EBITDA (non-GAAP)[[2]] increased by 215.0% year over year to RMB173.4 million (US$23.8 million)[1].Core net income (non-GAAP)[[3]] increased by 2625.6% year over year to RMB127.2 million (US$17.4 million)[1]. SHANGHAI, Nov. 21, 2023 /PRNewswire/ -- GreenTree Hospit
Nov 15, 2023 03:04 am ET
GreenTree to Report Third Quarter 2023 Financial Results After U.S. Markets Close on November 21, 2023
SHANGHAI, Nov. 15, 2023 /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 third quarter ended September 30, 2023, after U.S. markets close on Tuesday, November 21, 2023. GreenTree's management will hold an earnings conference call at 8:00 PM U.S. Eastern Time on November 21, 2023 (9:00 AM Beijing/Hong Kong Time on November 22, 2023).
Sep 18, 2023 06:15 pm ET
GreenTree Hospitality Group Ltd. Reports First Half 2023 Financial Results
Total revenues increased by 12.1% year over year to RMB794.2 million (US$109.5 million)[1].Income from operations was RMB150.9 million (US$20.8 million)[1], compared to RMB-474.3 million for the first half of 2022. Net income was RMB177.3 million (US$24.5 million)[1], compared to RMB-384.5 million for the first half of 2022.Adjusted EBITDA (non-GAAP)[2] increased by 137.8% year over year to RMB226.9 million (US$31.3 million)[1].Core net income (non-GAAP)[3] increased by 65.2% year over year to RMB136.1 million (US$18.8 million)[1].SHANGHAI, Sept. 18, 2023 /PRNewswire/ -- GreenTree Hospitalit
Sep 15, 2023 06:00 am ET
GreenTree to Report First Half 2023 Financial Results After U.S. Markets Close on September 18, 2023
SHANGHAI, Sept. 15, 2023 /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 six months ended June 30, 2023, after U.S. markets close on Monday, September 18, 2023. GreenTree's management will hold an earnings conference call at 9:00 PM U.S. Eastern Time on September 18, 2023 (9:00 AM Beijing/Hong Kong Time on September 19, 2023).
Jul 12, 2023 09:03 am ET
GreenTree Hospitality Group Ltd. Announces Selected Preliminary Results for the First Quarter of 2023
SHANGHAI, July 12, 2023 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality management group in China, today announced selected preliminary results for the first quarter of 2023.
Apr 28, 2023 05:48 pm ET
GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2022
SHANGHAI, April 28, 2023 /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 ended December 31, 2022 with the U.S. Securities and Exchange Commission ("SEC") on April 28, 2023.
Apr 06, 2023 09:17 pm ET
Mar 31, 2023 08:15 am ET
GreenTree Announces Date to Report Second Half and Fiscal Year 2022 Financial Results and Additional Business Updates
SHANGHAI, March 31, 2023 /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 six months ended December 31, 2022 as well as certain operating data for the same period and additional business updates as of March 31, 2023, after U.S. markets close on Thursday, April 6, 2023. GreenTree's management will hold an earnings conference call at 9:00 PM U.S. Eastern Time on April 6, 2023 (9:00 AM Beijing/Hong Kong Time on April 7, 2023).
Dec 27, 2022 04:00 pm ET
GreenTree Hospitality Group Ltd. Reports First Half 2022 Financial Results
Total revenues decreased by 22.3% year over year to RMB457.4 million (US$68.3 million) [1].Adjusted EBITDA (non-GAAP) [2] decreased by 46.8% year over year to RMB93.3 million (US$13.9 million)[1].Core net income (non-GAAP) [3] decreased by 13.7% year over year to RMB105.9 million (US$15.8 million) [1].SHANGHAI, Dec. 27, 2022 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality management group in China, today announced its unaudited financial results for the first half of 2022.
Dec 20, 2022 05:35 am ET
GreenTree Announces Date to Report First Half 2022 Financial Results and Additional Business Updates
SHANGHAI, Dec. 20, 2022 /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 six months ended June 30, 2022 as well as certain operating data for the quarter ended September 30, 2022, after U.S. markets close on Tuesday, December 27, 2022. GreenTree's management will hold an earnings conference call at 8:00 PM U.S. Eastern Time on December 27, 2022 (9:00 AM Beijing/Hong Kong Time on December 28, 2022).
Oct 08, 2022 12:30 pm ET
GreenTree Hospitality Group Ltd. Announces Certain Operating Data for the Six Months Ended June 30, 2022 and Additional Business Updates
SHANGHAI, Oct. 8, 2022 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced certain operating data of GreenTree's organically developed leased-and-operated ("L&O") and franchised-and-managed ("F&M") hotels1 for the six months ended June 30, 2022, and business updates on the strategically acquired hotels that are owned and operated by Argyle Hotel Management (Beijing) Co., Ltd. ("Argyle" or "Argyle Hotel Group") and Shandong Xinghui Urban Hotel Management Group Co., Ltd. ("Urban" o
May 18, 2022 05:15 pm ET
GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2021
SHANGHAI, May 18, 2022 /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 ended December 31, 2021 with the U.S. Securities and Exchange Commission ("SEC") on May 17, 2022.
May 16, 2022 05:50 pm ET
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 in China, today announced that it has entered into a definitive agreement (the "Sale and Purchase Agreement") to acquire Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China (collectively, the "Target Businesses"), from GreenTree Inns Hotel Management Group, Inc. ("GTI"), the Company's controlling shareholder, and a letter agreement (the "Letter Agreement") in relation to the Sale and Purchase Agreement. The Company
May 11, 2022 09:03 pm ET
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 47.4% year over year to RMB68.8 million (US10.8 million) for the fourth quarter 2021. Core net income (non-GAAP) [3] decreased by 67.2% year over year to RMB35.8 million (US$5.6 million) [1] for the fourth quarter 2021. GreenTree's board of directors has approved a share repurchase program of up to US$20 mill
Apr 29, 2022 09:07 am ET
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 in China, today announced that it will report its unaudited financial results for the quarter ended December 31, 2021, after U.S. markets close on Wednesday, May 11, 2022. GreenTree's management will hold an earnings conference call at 9:00 PM U.S. Eastern Time on May 11, 2022 (9:00 AM Beijing/Hong Kong Time on May 12, 2022).
Jan 12, 2022 05:20 pm ET
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]. Core net income (non-GAAP) [3] decreased 45.7% year-over-year to RMB50.2 million (US$7.8 million) [1]. SHANGHAI, Jan. 12, 2022 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality management group in China, today announced its u
Dec 30, 2021 02:00 am ET
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 ended September 30, 2021, after U.S. markets close on Wednesday, January 12, 2022.
Dec 19, 2021 11:39 pm ET
Chairman's Letter 2021
SHANGHAI, Dec. 20, 2021 /PRNewswire/ -- Dear Shareholders:
Dec 16, 2021 04:00 am ET
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 in China, today announced that it held its 2021 annual general meeting of shareholders on December 16, 2021. During the meeting, the shareholders of the Company passed an ordinary resolution approving the re-appointment of Ernst & Young Hua Ming LLP as independent auditor of the Company for the fiscal year ending December 31, 2021.
Nov 15, 2021 06:30 pm ET
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) [1]. Core net income (non-GAAP) [3] increased 5.7% year-over-year to RMB78.9 million (US$12.2 million) [1]. SHANGHAI, Nov. 15, 2021 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality management group in China, today announced i
Nov 05, 2021 05:00 pm ET
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 in China ("GreenTree" or the "Company"), today announced that it will hold its annual general meeting of shareholders at 2451 Hongqiao Road, Changning District, Shanghai 200335, People's Republic of China on December 15, 2021 at 9:00 PM U.S. Eastern Time (10:00 AM Beijing/Hong Kong Time on December 16, 2021) for the following purpose:
Nov 05, 2021 05:00 am ET
GreenTree to Report Second Quarter 2021 Financial Results on November 15, 2021
SHANGHAI, Nov. 5, 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 ended June 30, 2021, after U.S. markets close on Monday, November 15, 2021.
Jul 28, 2021 07:15 pm ET
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]
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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) [1].
Core net income (non-GAAP) increased 58.3% year-over-year to RMB43.9 million (US$6.7 million) [1].
Jul 14, 2021 03:00 am ET
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 ended March 31 2021, after U.S. markets close on Wednesday, July 28, 2021.
Dec 02, 2020 04:30 pm ET
GreenTree Hospitality Group Ltd. Reports Third Quarter 2020 Financial Results
Total revenues increased 23.6% to RMB266.9 million (US$39.3 million) [1] from RMB216.0 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% to RMB134.0 million (US$19.7 million) [1] from RMB91.4 million in the second quarter. Core net income (non-GAAP) increased 23.8% to RMB92.4 million (US$13.6 million) [1] from RMB74.6 million in the second quarter. SHANGHAI, Dec. 2, 2020 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree"
Nov 12, 2020 06:30 am ET
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 in China ("GreenTree" or the "Company"), today announced that it will hold its annual general meeting of shareholders at 2451 Hongqiao Road, Changning District, Shanghai 200335, People's Republic of China on December 22, 2020 at 9:00 PM U.S. Eastern Time (10:00 AM Beijing/Hong Kong Time on December 23, 2020) for the following purpose:
Nov 12, 2020 05:00 am ET
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 ended September 30, 2020, after U.S. markets close on Wednesday, December 2, 2020.
Jul 17, 2020 07:00 am ET
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 ended June 30, 2020, after U.S. markets close on Thursday, August 13, 2020.
Jun 04, 2020 05:00 pm ET
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 around China. A total of 3,998 hotels with 292,716 hotel rooms were in operation as of March 31, 2020, compared to 3,957 hotels and 290,026 hotel rooms as of December 31, 2019. Total revenues decreased 33.1% year-over-year to RMB157.4 million (US$22.2 million)[1]. Adjusted EBITDA (non-GAAP) decreased 64.5% year-over-year to RMB47.6 million (US$6.7 million)[1] Net income decreased 110.
May 29, 2020 09:00 am ET
GreenTree Stock Included in MSCI China Small Cap Index
SHANGHAI, May 29, 2020 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced it has been added to the MSCI China Small Cap Index, effective after U.S. markets close on Friday, May 29, 2020.
May 19, 2020 11:00 pm ET
GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2019
SHANGHAI, May 19, 2020 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised and managed hotel chain in China, today announced that it already filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2020.
May 15, 2020 08:00 am ET
GreenTree to Report First Quarter 2020 Financial Results on June 4, 2020
SHANGHAI, May 15, 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 ended March 31, 2020, after U.S. markets close on Thursday, June 4, 2020.
Apr 14, 2020 07:50 am ET
GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2019 Financial Results
A total of 3,957 hotels with 290,026 hotel rooms were in operation as of December 31, 2019, compared to 3,102 hotels and 245,705 hotel rooms as of September 30, 2019, and compared to 2,757 hotels and 221,529 hotel rooms as of December 31, 2018. Total revenues increased 20.4% to RMB289.4 million (US$41.6 million) [1] for the fourth quarter of 2019. Total revenues increased 20.6% to RMB1,091.8 million (US$156.8 million)[2] for the full year 2019. Adjusted EBITDA (non-GAAP) increased 11.4% to RMB162.3million (US$23.3 million) [1] for the fourth quarter of 2019. Adjusted EBITDA (non-GAAP) increa
Mar 25, 2020 08:30 am ET
GreenTree to Report Fourth Quarter and Fiscal Year 2019 Financial Results on April 14, 2020
SHANGHAI, March 25, 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 fourth quarter and fiscal year ended December 31, 2019, before U.S. markets open on Tuesday, April 14, 2020.
Oct 23, 2019 10:00 pm ET
GreenTree to Report Third Quarter 2019 Financial Results on November 20, 2019
SHANGHAI, Oct. 23, 2019 /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 ended September 30, 2019, before U.S. markets open on Wednesday, November 20, 2019.
Oct 21, 2019 10:34 pm ET
GreenTree Hospitality Group Ltd. Announces Results of 2019 Annual General Meeting
SHANGHAI, Oct. 21, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality management group in China, today announced that it held its 2019 annual general meeting of shareholders on October 21, 2019. During the meeting, the shareholders of the Company passed an ordinary resolution approving the re-appointment of Ernst & Young Hua Ming LLP as independent auditor of the Company for the fiscal year ending December 31, 2019.
Sep 10, 2019 06:30 pm ET
GreenTree to Hold 2019 Annual General Meeting on October 21, 2019
SHANGHAI, Sept. 10, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG), a leading hospitality management group in China ("GreenTree" or the "Company"), today announced that it will hold its annual general meeting of shareholders at 2451 Hongqiao Road, Changning District, Shanghai 200335, People's Republic of China on October 21, 2019 at 10:00 PM U.S. Eastern Time (10:00 AM Beijing/Hong Kong Time on October 22, 2019) for the following purpose:
Aug 16, 2019 08:25 am ET
GreenTree Hospitality Group Ltd. Reports Second Quarter of 2019 Financial Results
Revenue Increased by 20% for the Sixth Consecutive Quarter
Jul 23, 2019 11:48 pm ET
GreenTree to Report Second Quarter 2019 Financial Results on August 16, 2019
SHANGHAI, July 23, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised hotel operator in China, today announced that it will report its unaudited financial results for the quarter ended June 30, 2019, before U.S. markets open on Friday, August 16, 2019.
May 24, 2019 06:17 am ET
GreenTree Hospitality Group Ltd. Reports First Quarter of 2019 Financial Results
A total of 2,829 hotels with 225,757 hotel rooms were in operation as of March 31, 2019, compared to 2,757 hotels and 221,529 hotel rooms as of December 31, 2018. Total revenues increased 20.1% from the first quarter of 2018 to RMB235.3 million (US$35.1 million)[1] for the first quarter of 2019. Adjusted EBITDA (non-GAAP) increased 20.0% from the first quarter of 2018 to RMB133.9 million (US$19.9 million)[1] for the first quarter of 2019. Net income increased 58.8% from the first quarter of 2018 to RMB134.0 million (US$20.0 million)[1] for the first quarter of 2019. Core net income (non-GAA
May 08, 2019 08:00 am ET
GreenTree to Report First Quarter 2019 Financial Results on May 24, 2019
SHANGHAI, May 8, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised hotel operator in China, today announced that it will report its unaudited financial results for the quarter ended March 31, 2019, before U.S. markets open on Friday, May 24, 2019.
May 01, 2019 06:00 pm ET
GreenTree Enters into Strategic Cooperation and Investment Agreement with Urban Hotel Group
SHANGHAI, May 1, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised and managed hotel chain in China, today announced that it has entered into a Strategic Cooperation and Investment Agreement with the Urban Hotel Group, an owner and operator of hotels and cafes in China.
Apr 30, 2019 01:50 pm ET
GreenTree Files Annual Report on Form 20-F for Fiscal Year 2018
SHANGHAI, April 30, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised and managed hotel chain in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2019.
Mar 14, 2019 06:02 am ET
GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2018 Financial Results
A total of 2,757 hotels with 221,529 hotel rooms were in operation as of December 31, 2018, compared to 2,558 hotels and 209,463 hotel rooms as of September 30, 2018, and compared to 2,289 hotels and 190,807 hotel rooms as of December 31, 2017. Total revenues increased 20.8% from the fourth quarter of 2017 to RMB249.9 million (US$36.3 million)[1] for the fourth quarter of 2018. Total revenues increased 21.4% year-over-year to RMB945.0 million (US$137.4 million)[1] for the full year 2018. Adjusted EBITDA (non-GAAP) increased 35.2% from the fourth quarter of 2017 to RMB160.1 million (US$23.3 m
Mar 11, 2019 12:30 am ET
GreenTree Hospitality Group Announces Investment in New Century Hotel Management IPO as a Cornerstone Investor
SHANGHAI, March 11, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised and managed hotel chain in China, today announced that it has subscribed shares in Zhejiang New Century Hotel Management Co., Ltd. ("New Century Hotel Management") in its Global Offering ("IPO"), a leading mid-scale to upscale hotel operation and management company in the PRC, for a total amount of US$29.2 million. Upon the completion of the IPO, GreenTree will own 4.95% of outstanding shares in New Century Hotel Management.
Feb 25, 2019 09:30 pm ET
GreenTree to Report Fourth Quarter and Fiscal Year 2018 Financial Results on Thursday, March 14, 2019
SHANGHAI, Feb. 25, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised hotel operator in China, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2018, before U.S. markets open on Thursday, March 14, 2019.
Jan 28, 2019 06:33 am ET
GreenTree to Acquire Majority Stake in Argyle Hotel Management Group (Australia) Pty Ltd.
SHANGHAI, Jan. 28, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised and managed hotel chain in China, today announced that it has entered into a share purchase agreement to become a major shareholder of Argyle Hotel Management Group (Australia) Pty Ltd. ("Argyle"), an owner and operator of hotels in China and South East Asia. Mr. Kevin Zhang, its founder and CEO and his management team will remain one of the largest shareholders of Argyle, and become an integral part of GreenTree's management team. This transaction is subj
Jan 22, 2019 03:00 am ET
GreenTree Hospitality Group Ltd. Announces Cash Dividend
SHANGHAI, Jan. 22, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised hotel operator in China, today announced that its board of directors approved the payment of a cash dividend of US$0.30 per ordinary share, or US$0.30 per American Depositary Share ("ADS"). The holders of the Company's ordinary shares shown on the Company's record at the close of trading on February 6, 2019 (U.S. Eastern Time) (the "Record Date") will be entitled to these dividends. These shareholders, including Deutsche Bank Trust Company Americas, the de
Jan 18, 2019 08:00 pm ET
GreenTree Closed Investment in HKSE IPO of Gingko Education
SHANGHAI, Jan. 18, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised hotel operator in China, today announced that it has closed a HK$40 million investment to acquire 27,776,000 ordinary shares in the Hong Kong Stock Exchange ("HKSE") initial public offering of China Gingko Education Group Company Limited ("Gingko"). Gingko is a pioneer in developing and providing higher education services for the hospitality industry in China. Gingko was founded in 2002 by Mr. Gongyu Fang, a visionary entrepreneur in this field. With nearl
Jan 02, 2019 07:00 am ET
GreenTree Hospitality Group Ltd. Announces Management Change
SHANGHAI, Jan. 2, 2019 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading franchised hotel operator in China, today announced that the term of Ms. Jasmine Xin Yue Geffner's employment contract, as Chief Financial Officer of the Company, expired on December 31, 2018. Dr. Yiping Yang, formerly the Vice President of Operations of the Company, has been appointed as the new Chief Financial Officer of the Company.
Nov 19, 2018 05:11 am ET
GreenTree Hospitality Group Ltd. Reports Third Quarter 2018 Financial Results
A total of 2,558 hotels with 209,463 hotel rooms were in operation as of September 30, 2018, as compared to 2,434 hotels and 201,275 hotel rooms as of June 30, 2018. Total revenues increased 21.6% year-over-year to RMB256.8 million (US$37.4 million) [1] for the third quarter of 2018. Total revenues increased 21.7% year-over-year to RMB695.1 million (US$101.2 million)[1] for the first nine months of 2018. Adjusted EBITDA (non-GAAP) increased 24.2% year-over-year to RMB156.5 million (US$22.8 million) [1] for the third quarter of 2018. Adjusted EBITDA (non-GAAP) increased 24.6% year-over-year t
Oct 26, 2018 05:00 pm ET
GreenTree to Report Third Quarter Fiscal Year 2018 Financial Results on Monday, November 19, 2018
SHANGHAI, Oct. 26, 2018 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised hotel operator in China, today announced that it will report its unaudited financial results for the quarter ended September 30, 2018, before U.S. markets open on Monday, November 19, 2018.
Aug 23, 2018 02:20 am ET
GreenTree Hospitality Group Ltd. Reports Second Quarter 2018 Financial Results
A total of 2,434 hotels with 201,275 hotel rooms were in operation as of June 30, 2018, as compared to 2,354 hotels and 195,552 hotel rooms as of March 31, 2018.
Total revenues increased 20.3% year-over-year from RMB193.9 million for the second quarter of 2017 to RMB233.4 million (US$35.3 million)[1] for the second quarter of 2018. Total revenues increased 21.7% year-over-year from RMB360.2 million for the first half of 2017 to RMB438.3 million (US$66.2 million) for the first half of 2018.
Adjusted EBITDA (non-GAAP) increased 21.2% year-over-year from RMB114.8 million for the second quarte
Aug 07, 2018 06:00 am ET
GreenTree to Report Second Quarter Fiscal Year 2018 Financial Results on Thursday, August 23, 2018
SHANGHAI, Aug. 7, 2018 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised hotel operator in China, today announced that it will report its unaudited financial results for the quarter ended June 30, 2018, before U.S. markets open on Thursday, August 23, 2018.
May 15, 2018 02:30 am ET
GreenTree Hospitality Group Ltd. Reports First Quarter 2018 Financial Results
A total of 2,354 hotels with 195,552 hotel rooms were in operation as of March 31, 2018, as compared to 2,289 hotels and 190,807 hotel rooms as of December 31, 2017
Total revenues increased 23.3% year-over-year from RMB166.3 million for the first quarter of 2017 to RMB204.9 million (US$32.7 million)[1] for the first quarter of 2018.
Adjusted EBITDA (non-GAAP) increased 29.6% year-over-year from RMB87.7 million for the first quarter of 2017 to RMB113.6 million (US$18.1 million)[1] for the first quarter of 2018.
Net income attributable to GreenTree Hospitality Group Ltd. increased 21.0% year
May 07, 2018 12:00 am ET
GreenTree to Report First Quarter Fiscal Year 2018 Financial Results on May 15, 2018
SHANGHAI, May 7, 2018 /PRNewswire/ -- GreenTree Hospitality Group Ltd. ("GreenTree" or the "Company") (NYSE: GHG), a leading franchised hotel operator in China, today announced that it will report its financial results for the quarter ended March 31, 2018, before U.S. markets open on May 15, 2018.
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