Core Insights - GreenTree Hospitality Group Ltd. reported total revenues of RMB352.2 million (US$48.8 million) for Q1 2024, a decrease of 7.1% year-over-year [10][11] - Hotel revenues increased by 8.8% year-over-year to RMB274.8 million (US$38.1 million), while restaurant revenues decreased by 38.9% to RMB77.7 million (US$10.8 million) [10][11] - The company achieved a net income of RMB57.3 million (US$7.9 million), up from RMB32.6 million in Q1 2023, reflecting a net margin of 16.3% [17][18] Financial Performance - Income from operations was RMB72.2 million (US$10 million), compared to RMB52.3 million in Q1 2023, with an operating margin of 20.5% [17] - Adjusted EBITDA increased by 17.2% year-over-year to RMB109.4 million (US$15.2 million), with an adjusted EBITDA margin of 31.1% [18] - Core net income rose by 21.5% year-over-year to RMB60.7 million (US$8.4 million), with a core net margin of 17.2% [18] Operational Highlights - As of March 31, 2024, GreenTree operated 4,256 hotels with 313,531 rooms, having opened 109 new hotels and with a pipeline of 994 hotels under development [4] - The average daily room rate (ADR) was RMB169, a 0.9% increase from RMB167 in Q1 2023, while the occupancy rate decreased to 67.8% from 71.7% [4] - Revenue per available room (RevPAR) decreased by 4.6% year-over-year to RMB114 [4] Restaurant Business - The company operated 185 restaurants as of March 31, 2024, with an average check (AC) of RMB59, a 5.8% year-over-year increase [5] - Average daily tickets (ADT) decreased to 94 from 109 in Q1 2023, while average daily sales (ADS) per store fell by 8.7% to RMB5,525 [5] - The restaurant segment underwent strategic repositioning, resulting in the closure of unprofitable locations and a focus on profitable franchise operations [6] Cash Flow and Liquidity - Operating cash inflow for Q1 2024 was RMB90.7 million (US$12.6 million), with investing cash inflow of RMB213.1 million (US$29.5 million) primarily from short-term investments [19] - As of March 31, 2024, total cash and cash equivalents, including restricted cash and short-term investments, amounted to RMB1,517.3 million (US$210.1 million), an increase from RMB1,337.1 million at the end of 2023 [20] Guidance - The company maintains its revenue growth guidance for the hotel business at 7% to 12% year-over-year, while withdrawing guidance for the restaurant business due to unpredictability from its strategic repositioning [21]

SHANGHAI, June 22, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, on Tuesday June 25, 2024. GreenTree's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on June 25, 2024 (8:00 PM Beijing/Hong Kong Time on June 25, 2024).Dial-in numbers for the live conference call are as ...

Group 1 - Global Hemp Group Inc. has been reinstated for trading effective immediately [1][3] - The company has rectified the situation that led to its suspension [3]

SHANGHAI, April 30, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2024 U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.998.com/ as well as the SEC's website at http://www.sec ...

Table of Contents American depositary shares, each representing one Class A ordinary share Class A ordinary shares, par value US$0.50 per share * GHG New York Stock Exchange, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION ...

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Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2023 Financial Results SHANGHAI, March 26, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced its unaudited financial results for the fourth quarter and fiscal year of 2023. As Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China, were all under the c ...

GreenTree Hospitality Group Ltd. (NYSE:GHG) Q4 2023 Results Conference Call March 25, 2024 9:00 PM ET Company Participants Rene Vanguestaine - IR, Christensen Alex Xu - Chairman and CEO Selina Yang - CFO Megan Huang - VP, Sales and Marketing Conference Call Participants Dan Xu - Morgan Stanley Simon Cheung - Goldman Sachs Operator Hello, ladies and gentlemen. Thank you for standing by for GreenTree's Fourth Quarter and Fiscal Year of 2023 Earnings Conference Call. [Operator Instructions] Please note this ev ...

SHANGHAI, March 18, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, after U.S. markets close on Monday March 25, 2024. GreenTree's management will hold an earnings conference call at 9:00 PM U.S. Eastern Time on March 25, 2024 (9:00 AM Beijing/Hong Kong Time on March 26, 2024). Di ...

Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Third Quarter 2023 Financial Results SHANGHAI, November 22, 2023 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced its unaudited financial results for the third quarter of 2023. As Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China, were all under the control of our founder, Alex S. ...