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[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. ....

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