GreenTree(US:GHG)2025-04-25 14:12Q4 2024 Performance Overview - Total revenues decreased by 18.2% to RMB 304.5 million compared to Q4 2023[19] - Hotel revenues decreased by 17.1% to RMB 240.2 million compared to Q4 2023[19] - Restaurant ADS (Average Daily Sales Per Store) decreased by 22.3%[19] - Net income was negative RMB 72.8 million, a significant decrease compared to the RMB 8.6 million net income in Q4 2023[19, 114] - Adjusted EBITDA decreased by 38.3% to RMB 71.5 million with a margin of 23.5%[19] Hotel Business Highlights - Hotel RevPAR decreased to RMB 116[19] - Revenue from F&M hotels decreased to RMB 148.2 million[77] - Revenue from L&O hotels decreased to RMB 70.6 million[75] - Total hotels in operation increased from 4,238 in 2023Q4 to 4,425 in 2024Q4[147] Restaurant Business Highlights - Restaurant total revenue decreased to RMB 65.1 million[97] - Restaurant net income excluding impairment of goodwill and trademarks increased to RMB 18.9 million[104] - Total restaurants in operation decreased from 194 in 2023Q4 to 182 in 2024Q4[148]