GHG · GreenTree Hospitality Group Ltd. · Financials
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2016–FY2025: 20.08M in buybacks, 1.5B in dividends.
Debt Profile
Annual debt figures are established from annual reports and updated by subsequent interim reports and event disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Reported debt balances
Balances may overlap and are not added together. Each row keeps its reported scope and date.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current portion of long-term debt | 2025-12-31 | CNY 56,800,000 | 20-F filed 2026-04-30 |
| Current portion of long-term debt | 2025-12-31 | USD 8,122,292 | 20-F filed 2026-04-30 |
| Long-term debt | 2025-12-31 | CNY 256,200,000 | 20-F filed 2026-04-30 |
| Long-term debt | 2025-12-31 | USD 36,636,113 | 20-F filed 2026-04-30 |
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 6 similar-size Lodging companies (of 11 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (CNY)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue from External Customers | 1,097,353,393 | 1,343,440,196 | 1,627,257,689 | 1,469,074,275 | — |
| Hotel Business | 912,348,421 | 1,066,710,224 | 1,191,906,073 | 936,801,282 | 1,206,145,958 |
| Restaurant Business | 186,248,956 | 278,437,813 | 441,635,966 | 533,787,252 | 765,185,811 |
| Intersegment Revenue | 1,243,983 | 1,707,841 | 6,284,350 | 1,514,259 | — |
| Elimination of Intersegment Revenues | -1,243,983 | -1,707,841 | -6,284,350 | -1,514,259 | — |
By Product & Service (CNY)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Franchise and Managed Revenues | 534,451,868 | 635,360,312 | 705,244,948 | 588,463,368 | 782,572,078 | — | — | — |
| Franchised and Managed Hotels | 534,451,868 | 635,360,312 | 705,244,948 | 588,463,368 | 782,572,078 | 677,480,818 | 831,340,340 | 692,942,739 |
| Leased and Operated Revenues | 488,174,353 | 596,640,639 | 787,814,342 | 700,022,649 | 963,727,199 | — | — | — |
| Wholesale and Others Revenue | 74,727,172 | 111,439,245 | 134,198,399 | 180,588,258 | 221,515,742 | — | — | — |
| Wholesales and Others Revenue | 74,727,172 | 111,439,245 | 134,198,399 | 180,588,258 | 221,515,742 | — | — | — |
| Continuing Franchise Fees | — | — | — | 540,017,126 | 698,095,774 | 616,429,449 | 776,410,074 | 650,136,409 |
| Initial Franchise Fee | — | — | — | 42,423,951 | 76,263,574 | 61,051,369 | 54,930,266 | 42,806,330 |
| Leased and Operated Hotels | — | — | — | 338,506,220 | 391,960,031 | 227,074,041 | 253,420,676 | 212,671,930 |
| Others | — | — | — | 15,853,985 | 39,826,579 | 25,455,237 | 7,032,119 | — |
| Others Revenue | — | — | — | 15,853,985 | 39,826,579 | 25,455,237 | 7,032,119 | — |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (CNY)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| All Other Segments | 77,371,724 | 60,147,558 | 27,169,901 | 23,993,148 | — |
| Elimination of Intersegment Gross Margin | — | — | 4,187,097 | -1,698,589 | — |
| Hotel Business | — | — | 335,283,353 | -443,141,983 | 153,923,380 |
| Restaurant Business | — | — | -3,821,524 | -41,689,258 | -22,235,049 |
| Segment Hotel Business Greentree Hospitality Group Excluding Da Niang And Bellagio | — | — | — | -443,141,983 | 153,923,380 |
| Segment Restaurant Business Including Da Niang and Bellagio | — | — | — | -43,387,847 | -24,723,556 |
Operating Margin by Segment (%)
| Component | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Hotel Business | 28.1% | -47.3% | 12.8% |
| Restaurant Business | -0.9% | -7.8% | -2.9% |