GreenTree Hospitality Group Ltd. American depositary shares, each representing one - GHG STOCK NEWS

GreenTree Hospitality Group Ltd. (NYSE: GHG) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on May 17, 2022. The report is accessible on the Company’s investor relations website and the SEC's website. As of December 31, 2021, GreenTree operated 4,659 hotels, ranking it among the largest global hotel groups. The company offers a diverse brand portfolio across various hospitality segments and aims to enhance client relationships through robust system management.

GreenTree Hospitality Group Ltd. (NYSE: GHG) announces a definitive agreement to acquire Da Niang Dumplings and Bellagio from its controlling shareholder, GreenTree Inns Hotel Management Group, Inc., for approximately RMB399.8 million. This acquisition allows GHG to expand into the fast-growing food service industry in China, fostering diversification and new revenue streams. If the combined net income for 2022-2026 falls below USD20 million, GTI will compensate the Company for the shortfall. The closing is anticipated in the second half of 2022.

GreenTree Hospitality Group Ltd. (GHG) reported fourth-quarter 2021 revenues of RMB307.4 million (US$48.2 million), a 6.1% increase year-over-year. However, income from operations fell by 69.5% to RMB36.1 million (US$5.7 million), with adjusted EBITDA down 47.4%. The occupancy rate decreased to 69.2%, with RevPAR dropping 5.6%. The company opened 138 hotels but closed 403, resulting in a net addition of 319 hotels for the year. GreenTree announced a share repurchase plan of up to US$20 million over the next 12 months, reflecting confidence in long-term growth.

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.