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MARKETS / NYSE / Consumer discretionary / Hotels and lodging / GHG
NYSE · HOTELS & MOTELS · SMALL CAP

GreenTree Hospitality Group Ltd. GHG

10 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 1.1B
▼ 18.3% YoY
CNY 166.8M
▲ 51.6% YoY
CNY 20.1M
▼ 93.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

GreenTree licenses its hotel brands to property owners, lessors and existing hotel operators who become its franchisees, granting them the right to use its brand name, logo, operating manuals and procedures. As of December 31, 2025, its hotel network consisted of 4,580 hotels with 327,060 rooms in operation across 355 cities in China, plus an additional 1,260 hotels with 87,540 rooms contracted for or under development. As of December 31, 2025, 4,535 of its hotels, or 99% of those in operation, were franchised-and-managed. It had 2,287 employees in its hotel business as of December 31, 2025. In 2023, GreenTree completed its acquisition of Da Niang Dumplings and Bellagio, two restaurant chain businesses in China. As of December 31, 2025, its restaurant business had 191 locations in 53 cities. Its restaurant business had 323 employees as of December 31, 2025. It began its hotel business in the PRC in September 2004 through GreenTree Inns Hotel (Weihai) Management Group Inc., a company incorporated in November 2003.

Written from the business description in GreenTree Hospitality Group Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

CNY 1.1B
Revenue, FY2025 · full 10-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 1.1 · Net income 0.2
1.0B2.0B-0.1B-0.3B
2016201920222025
Compound annual growth
−9.3%
+3.4%
−8.6%
+1.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.4% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 5.2% · Net 14.9%
20%40%-10%-20%-30%
201620202025
ROE
FY2025 · ROE 11.0%
10%20%30%-10%-20%
201620202025
Three returns, three denominators.
Gross margin34.9%
Operating margin5.2%
Net margin14.9%
EBITDACNY 136.6M

Each CNY of equity produced 11 cents of profit this year.

Cash & shareholders

CNY 43.0M
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF 20.1
200M400M
201620202025
Net buybacks CNY M Dividends CNY M
FY2025 · Dividends 43.0 · Net buybacks 0.0
250.0M500.0M
201620172018201920212022202320242025
Dividends paidCNY 43.0M
Net buybacksCNY 5,327.00
Share of profit25.8%
Consecutive raises·

CNY 43.0M in dividends and CNY 5,327.00 in buybacks — 26% of the year's profit went back to shareholders.

Total assetsCNY 4.8B
EquityCNY 1.6B
CashCNY 1.7B
Gross debtCNY 313.0M
Net debtCNY -1.3B
Current ratio1.61×

The company holds more cash than debt.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative—not applicable◌not available in our data
GHG, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue CNY B1.11.31.61.52.00.91.10.90.70.6
Operating income CNY B0.10.20.3−0.50.10.30.50.50.40.3
EBITDA CNY B0.10.30.4−0.40.20.40.50.50.40.3
Income tax CNY B0.00.10.1−0.00.10.10.20.20.20.1
Net income CNY B0.20.10.3−0.40.10.30.40.40.30.3
Free cash flow CNY B0.00.30.40.20.00.20.30.40.50.4
EPS, diluted CNY ◌◌◌◌◌◌◌3.752.99◌
Dividend / sh CNY ◌◌◌◌◌◌◌◌◌◌
Payout %2664—−10361—51542127
ROE %11.07.617.6−24.54.513.225.231.231.125.9

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

GreenTree Hospitality Group Ltd.vsH World Group Ltd.Same industry: Hotels & MotelsGreenTree Hospitality Group Ltd.vsAtour Lifestyle Holdings Ltd.Same industry: Hotels & Motels
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Provenance

Company facts, as filed

How we verify · 0 failures in 28 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. 10 checks were skipped: EPS is not tagged before 2017. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityHotels & Motels
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2016

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