GreenTree(GHG) - 2023 Q3 - Quarterly Report

Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports First Half 2023 Financial Results · Total revenues increased by 12.1% year over year to RMB794.2 million (US$109.5 million). · Income from operations was RMB150.9 million (US$20.8 million), compared to RMB-474.3 million for the first half of 2022. · Net income was RMB177.3 million (US$24.5 million), compared to RMB-384.5 million for the first half of 2022. · Adjusted EBITDA (non-GAAP) increased by 137.8% year over year to RMB226.9 million (US$31.3 millio ...