GreenTree Hospitality Group (GHG) Financial Statements & Analysis

GreenTree Hospitality Group (GHG) Income Statement

GreenTree Hospitality Group reported revenue of CNY 1.10B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 18.3% from CNY 1.34B a year earlier. Net income was CNY 166.79M, up 51.6% year over year, a net margin of 15.2%. Gross margin was 34.9% and operating margin 12.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CNY 234.44M, down 19.9% from the same quarter a year earlier.

GreenTree Hospitality Group Income Statement Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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GreenTree Hospitality Group Ltd. income statement - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	1.10	1.34	1.63	0.95	1.47	1.97	1.97	0.93	0.93	1.09	0.95	0.78
Cost of Revenue	0.71	0.82	0.95	0.59	1.07	0.65	1.31	0.39	0.40	0.34	0.28	0.23
Gross Profit	0.38	0.52	0.68	0.35	0.40	0.55	0.66	0.54	0.53	0.75	0.66	0.54
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Selling, General & Administrative	0.27	0.29	0.34	0.81	0.79	0.34	0.53	0.25	0.24	0.27	0.15	0.17
Operating Expenses	0.24	0.36	0.34	0.79	0.89	0.31	0.53	0.22	0.21	0.25	0.13	0.16
Operating Income	0.14	0.16	0.34	-0.49	-0.49	0.13	0.13	0.32	0.32	0.50	0.54	0.39
Other Income/Expense
Interest Income	0.04	0.04	0.04	0.05	0.05	0.06	0.06	0.07	0.07	0.07	0.05	0.03
Interest Expense	0.01	0.01	-0.01	0.03	-0.03	0.02	-0.02	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	0.03	0.03	0.04	-0.02	-0.02	0.07	0.07	0.04	0.00	0.12	0.03	0.08
Income
Income Before Tax	0.21	0.20	0.38	-0.51	-0.51	0.20	0.20	0.36	0.36	0.63	0.56	0.47
Income Tax Expense	0.05	0.09	0.12	-0.04	-0.04	0.11	0.11	0.11	0.11	0.19	0.16	0.19
Net Income	0.17	0.11	0.27	-0.43	-0.42	0.09	0.09	0.26	0.26	0.44	0.39	0.29
Net Income - Continuous Operations	0.16	0.11	0.27	-0.43	-0.46	0.09	0.08	0.26	-	0.44	0.39	0.29
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	0.30	0.32	0.47	-0.35	-0.25	0.33	0.27	0.39	0.39	0.67	0.56	0.43
EBIT	0.21	0.20	0.35	-	-0.37	-	0.15	-	0.32	-	-	-
Depreciation & Amortization	0.09	0.12	0.12	0.13	0.13	0.12	0.12	0.07	0.07	0.04	0.03	0.02
Earnings Per Share
Basic EPS	2.00	1.00	3.00	-4.00	-4.00	1.00	1.00	3.00	3.00	4.00	4.00	1.00
Diluted EPS	2.00	1.00	3.00	-4.00	-4.00	1.00	1.00	3.00	3.00	4.00	4.00	1.00
Basic Shares Outstanding	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.20
Diluted Shares Outstanding	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.20

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About GreenTree Hospitality Group Financial Statements

What was GreenTree Hospitality Group's revenue in fiscal 2025?

GreenTree Hospitality Group reported revenue of CNY 1.10B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 18.3% from CNY 1.34B a year earlier.

Is GreenTree Hospitality Group profitable?

Yes. GreenTree Hospitality Group earned net income of CNY 166.79M in fiscal 2025, a net margin of 15.2%. In fiscal 2024 it earned CNY 110.00M.

What is GreenTree Hospitality Group's operating margin?

GreenTree Hospitality Group's operating income was CNY 140.48M on revenue of CNY 1.10B in fiscal 2025, an operating margin of 12.8%, compared with 12.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition