Greentree Hospit Stock Price, News & Analysis

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.

GreenTree Hospitality Group Ltd. (NYSE: GHG) will announce its unaudited financial results for Q1 2021 on July 28, 2021, after U.S. markets close. An earnings conference call will follow at 9:00 PM ET. GreenTree operates 4,340 hotels as of December 31, 2020, and is ranked among the top hospitality groups in China. The company focuses on providing a strong brand portfolio, catering to different market segments, and maintaining quality service. Interested parties can join the call using provided dial-in numbers.

GreenTree Hospitality Group Ltd. (NYSE: GHG) filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 30, 2021. As of the end of 2020, GreenTree operated 4,340 hotels and ranked among the top 12 worldwide hotel companies in 2019. The company aims to strengthen its brand offerings across various market segments in China by leveraging its strong membership base and operational capabilities. The annual report is available for stakeholders on the investor relations and SEC websites.

GreenTree Hospitality Group (NYSE: GHG) reported its Q4 2020 financial results, showing total revenues of RMB 289.8 million (US$ 44.4 million), an increase of 0.1% YoY, and 8.6% sequentially. Income from operations rose 17.4% to RMB 118.5 million (US$ 18.2 million), with a gross profit margin of 65.6%. Core net income grew 18.3% to RMB 109.3 million (US$ 16.8 million). Despite challenges from COVID-19, the company opened 203 hotels in Q4. For 2021, GHG anticipates a revenue increase of 48%-53% compared to 2020, supported by a strong recovery in the hospitality sector.

GreenTree Hospitality Group Ltd. (NYSE: GHG) will release its unaudited financial results for Q4 and the fiscal year ending December 31, 2020, on April 14, 2021, post U.S. market close. Management will conduct an earnings call at 9:00 PM ET the same day, with dial-in options available for international participants. As of September 30, 2020, GreenTree operated 4,195 hotels, ranking in the Top 12 globally by HOTELS magazine in 2019. The company emphasizes its strong brand portfolio and commitment to service quality in the competitive hospitality industry in China.