GHGNYSEHotels & MotelsFiscal year ends December 31
GreenTree Hospitality Group Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026
$0.94−0.01 (-0.57%)
Close on Oct 19, 2026
GreenTree Hospitality Group Ltd. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from external customers [Member] | CN¥1.10B | CN¥1.34B | CN¥1.63B | CN¥1.47B | – | – | – | – | – | – | 100.0% | -18.3% |
| Hotel business [Member] | CN¥912.35M | CN¥1.07B | CN¥1.19B | CN¥936.80M | CN¥1.21B | – | – | – | – | – | 83.1% | -14.5% |
| Restaurant Business [Member] | CN¥186.25M | CN¥278.44M | CN¥441.64M | CN¥533.79M | CN¥765.19M | – | – | – | – | – | 17.0% | -33.1% |
| Intersegment revenue [Member] | CN¥1.24M | CN¥1.71M | CN¥6.28M | CN¥1.51M | – | – | – | – | – | – | 0.1% | -27.2% |
| Elimination of intersegment revenues [Member] | -CN¥1.24M | -CN¥1.71M | -CN¥6.28M | -CN¥1.51M | – | – | – | – | – | – | -0.1% | -27.2% |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other operating income [Member] | CN¥77.37M | CN¥60.15M | CN¥27.17M | CN¥23.99M | – | – | – | – | – | – | +28.6% |
| Hotel business [Member] | – | – | CN¥335.28M | -CN¥443.14M | CN¥153.92M | – | – | – | – | – | – |
| Restaurant Business [Member] | – | – | -CN¥3.82M | -CN¥41.69M | -CN¥22.24M | – | – | – | – | – | – |
| Hotel business | – | – | – | -CN¥443.14M | CN¥153.92M | – | – | – | – | – | – |
| Restaurant Business | – | – | – | -CN¥43.39M | -CN¥24.72M | – | – | – | – | – | – |
| Elimination of intersegment gross margin [Member] | – | – | CN¥4.19M | -CN¥1.70M | – | – | – | – | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franchise and managed revenues [Member] | CN¥534.45M | CN¥635.36M | CN¥705.24M | CN¥588.46M | CN¥782.57M | CN¥677.48M | CN¥831.34M | CN¥692.94M | CN¥550.13M | CN¥458.50M | 48.7% | -15.9% |
| Franchised-and-managed revenue | CN¥534.45M | CN¥635.36M | CN¥705.24M | CN¥588.46M | CN¥782.57M | – | – | – | – | – | 48.7% | -15.9% |
| Leased and operated revenues [Member] | CN¥488.17M | CN¥596.64M | CN¥787.81M | CN¥700.02M | CN¥963.73M | – | – | – | – | – | 44.5% | -18.2% |
| Wholesales and others [Member] | CN¥74.73M | CN¥111.44M | CN¥134.20M | CN¥180.59M | CN¥221.52M | – | – | – | – | – | 6.8% | -32.9% |
| Wholesale and others [Member] | CN¥74.73M | CN¥111.44M | CN¥134.20M | CN¥180.59M | CN¥221.52M | – | – | – | – | – | 6.8% | -32.9% |
| Leased and operated hotels revenues | – | – | – | CN¥338.51M | CN¥391.96M | CN¥227.07M | CN¥253.42M | CN¥212.67M | CN¥193.04M | CN¥189.29M | – | – |
| Initial fees received from franchisees owners [Member] | – | – | – | CN¥42.42M | CN¥76.26M | CN¥61.05M | CN¥54.93M | CN¥42.81M | CN¥35.14M | – | – | – |
| Continuing franchise fees | – | – | – | CN¥540.02M | CN¥698.10M | CN¥616.43M | CN¥776.41M | CN¥650.14M | CN¥514.99M | – | – | – |
| Others [Member] | – | – | – | CN¥15.85M | CN¥39.83M | CN¥25.46M | CN¥7.03M | – | – | – | – | – |
| Others | – | – | – | CN¥15.85M | CN¥39.83M | CN¥25.46M | CN¥7.03M | – | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of GreenTree Hospitality's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.