Greentree Hospit Stock Price, News & Analysis

GreenTree Hospitality Group Ltd. (NYSE: GHG) announced it will report its unaudited financial results for Q4 2021 on May 11, 2022, after U.S. market close. A conference call will take place at 9 PM ET, with dial-in numbers provided for various regions. Additionally, the board has received a non-binding proposal from its controlling shareholder to sell its existing restaurant business to GreenTree. A special committee has been formed to review this potential transaction, although no decisions have been made yet regarding its approval or execution.

GreenTree Hospitality Group Ltd. (GHG) reported a 16.3% increase in total revenues to RMB310.4 million (US$48.2 million) for Q3 2021, driven by newly opened hotels. However, income from operations dropped 45.6% year-over-year to RMB54.9 million (US$8.5 million), with adjusted EBITDA down 33.5% to RMB73.7 million (US$11.4 million). Core net income fell 45.7% to RMB50.2 million (US$7.8 million). The company experienced increased operating costs, attributed to hotel openings, and reported a decrease in gross profit margin from 59.5% to 44.3%.

GreenTree Hospitality Group Ltd. (NYSE: GHG) will announce its unaudited financial results for Q3 2021 on January 12, 2022, after U.S. markets close. An earnings conference call will follow at 8:00 PM EST. Interested participants can join via provided dial-in numbers from various locations including the U.S., China, and Hong Kong. As of June 30, 2021, GreenTree operated 4,542 hotels and ranked among the top 12 global hotel groups and the fourth in China for the number of hotels.

GreenTree Hospitality Group reports a strong rebound in 2021, with total revenue rising 57.5% to RMB588.3 million and net income increasing by 83.8% to RMB146.3 million. The company successfully navigated pandemic challenges, achieving significant month-over-month growth in Revenue per Available Room despite temporary setbacks from Covid-19 outbreaks. Expansion efforts included adding 23 new leased and operated hotels, focusing on high-growth regions. Looking ahead, GreenTree plans to enhance its marketing strategies and invest in technology to improve operations and customer satisfaction.

On December 16, 2021, GreenTree Hospitality Group Ltd. (NYSE: GHG) held its 2021 annual general meeting of shareholders, where the re-appointment of Ernst & Young Hua Ming LLP as independent auditor for the fiscal year ending December 31, 2021, was approved. GreenTree is a leading hospitality management group in China, operating 4,542 hotels as of June 30, 2021. It ranked among the top hospitality companies globally and is known for its diverse brand portfolio in the mid-to-upscale and luxury segments.

GreenTree Hospitality Group Ltd. (NYSE: GHG) reported a 60.7% year-over-year increase in total revenues to RMB347.1 million (US$53.8 million) for Q2 2021. Income from operations rose 42.5% to RMB89.3 million (US$13.8 million). Adjusted EBITDA was RMB111.2 million (US$17.2 million), marking a 44.0% increase. The company's occupancy rate improved to 78.6%. Despite operational losses from newly opened hotels, GreenTree's pipeline includes 1,271 hotels, signaling continued expansion and optimistic recovery in domestic tourism.

GreenTree Hospitality Group Ltd. (NYSE: GHG) will hold its annual general meeting on December 15, 2021, to approve the re-appointment of Ernst & Young Hua Ming LLP as independent auditor for the fiscal year ending December 31, 2021. Shareholders of record as of November 15, 2021 can vote. The notice and the 2020 annual report are available on the Company's Investor Relations website. GreenTree is a leading hospitality management group in China, operating 4,464 hotels as of March 31, 2021.

GreenTree Hospitality Group Ltd. (NYSE: GHG) will announce its unaudited financial results for Q2 2021 after U.S. markets close on November 15, 2021. An earnings conference call is scheduled for 8:00 PM ET on the same day, with international dial-in numbers provided. As of March 31, 2021, GreenTree operated 4,464 hotels and ranked among the top hospitality groups in China.

GreenTree Hospitality Group reported strong financial results for Q1 2021, with revenues increasing 53.3% year-over-year to RMB241.2 million (US$36.8 million). Income from operations rose 64.9% to RMB61.4 million (US$9.4 million). Adjusted EBITDA surged 74.3% to RMB64.0 million (US$9.8 million). Core net income also grew 58.3% to RMB43.9 million (US$6.7 million). The company expanded its hotel network, operating 4,464 hotels across 353 cities, with a 16.1% increase in occupancy rates compared to Q1 2020.