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SHANGHAI, July 28, 2021 /PRNewswire/ GreenTree Hospitality Group Ltd. (NYSE: GHG) ( GreenTree , the Company , we , us and our ), a leading hospitality management group in China, today announced its unaudited financial results for the first quarter and fiscal year of 2021.
First Quarter of 2021 Operational Highlights
A total of 4,464 hotels with 323,648 hotel rooms were in operation as of March 31, 2021, compared to 4,340 hotels and 315,335 hotel rooms as of December 31, 2020.
As of March 31, 2021, the Company had 43 leased-and-operated ( L&O ) hotels and 4,421 franchised-and-managed ( F&M ) hotels in operation in 353 cities across China, compared to 35 L&O hotels and 3,963 F&M hotels in operation in 342 cities as of March 31, 2020. The geographic coverage increased by 3.2% year over year.
GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2020 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
[1] from RMB266.9 million in the third quarter.
Income from operations increased 17.4% to RMB118.5 million (US$18.2 million) [1] from RMB100.9 million in the third quarter.
Adjusted EBITDA (non-GAAP) [1] from RMB110.8 million in the third quarter.
Core net income (non-GAAP) increased 18.3% to RMB109.3 million (US$16.8 million) [1] from RMB92.4 million in the third quarter.
SHANGHAI, April 14, 2021 /PRNewswire/ GreenTree Hospitality Group Ltd. (NYSE: GHG) ( GreenTree , the Company , we , us and our ), a leading hospitality management group in China, today announced its unaudited financial results for the fourth quarter and fiscal year of 2020.
Fourth Quarter of 2020 Operational Highlights
A total of 4,340 hotels with 315,335 hotel rooms were in operation as of December 31, 2020, compared to 4,195 hotels and 305,125 hotel rooms as of September 30, 2020.