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Stock impact report

GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 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 3.2% year over year to RMB372.2 million (US$52.4 million)[1].Income from operations was RMB23.1 million (US$3.2 million) compared to RMB-5.1 million for the fourth quarter of 2022 . Net income was RMB7.4 million (US$1.0 million) compared to RMB-3.8 million for the fourth quarter of 2022.Adjusted EBITDA (non-GAAP)[2] increased by 2.1% year over year to RMB116.3 million (US$16.4 million)[1].SHANGHAI, March 25, 2024 /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 fourth quarter and fiscal year of 2023. As Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China, were all under the control of GreenTree Inns Hotel Management Group, Inc., until their acquisition by the Company, the acquisition was accounted for a common-control acquisition in a manner simil Show less Read more
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