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Stock impact report

GreenTree Hospitality Group Ltd. Reports First Half 2023 Financial Results

GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share (GHG) 
Last greentree hospitality group ltd. american depositary shares, each representing one class a ordinary share earnings: 4/14 07:51 am Check Earnings Report
Company Research Source: PR Newswire
Total revenues increased by 12.1% year over year to RMB794.2 million (US$109.5 million)[1].Income from operations was RMB150.9 million (US$20.8 million)[1], compared to RMB-474.3 million for the first half of 2022. Net income was RMB177.3 million (US$24.5 million)[1], compared to RMB-384.5 million for the first half of 2022.Adjusted EBITDA (non-GAAP)[2] increased by 137.8% year over year to RMB226.9 million (US$31.3 million)[1].Core net income (non-GAAP)[3] increased by 65.2% year over year to RMB136.1 million (US$18.8 million)[1].SHANGHAI, Sept. 18, 2023 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced its unaudited financial results for the first half of 2023. As Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China, were all under the control of our founder, Alex S. Xu, until their acquisition by the Company, the Show less Read more
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