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Stocks · Consumer discretionary · Hotels & Motels

GreenTree Hospitality Group Ltd.

GHG Clue Score48
Cayman Islands Fiscal year ends December CIK 0001724755
$0.97 -1.01% Close, 12 Oct 2026
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Price $0.97 −88.69% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 27 Mar 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue647.8Operating income312.3Net income266.0Fiscal year 2017Revenue743.2 +14.7%Operating income371.5Net income273.5 +2.8%EPS, diluted2.99Fiscal year 2018Revenue905.6 +21.9%Operating income505.2Net income371.7 +35.9%EPS, diluted3.75 +25.4%Fiscal year 2019Revenue1,091.8 +20.6%Operating income504.6Net income442.7 +19.1%Fiscal year 2020Revenue930.0 −14.8%Operating income319.3Net income261.3 −41.0%Fiscal year 2021Revenue1,967.8 +111.6%Operating income129.2Net income88.7 −66.1%Fiscal year 2022Revenue1,469.1 −25.3%Operating income−486.5Net income−425.2 −579.3%Fiscal year 2023Revenue1,627.3 +10.8%Operating income335.6Net income269.3Fiscal year 2024Revenue1,343.4 −17.4%Operating income161.9Net income110.0 −59.2%Fiscal year 2025Revenue1,097.4 −18.3%Operating income56.7Net income166.8 +51.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 647.8 743.2 905.6 1,091.8 930.0 1,967.8 1,469.1 1,627.3 1,343.4 1,097.4
Growth +14.7% +21.9% +20.6% −14.8% +111.6% −25.3% +10.8% −17.4% −18.3%
Operating income 312.3 371.5 505.2 504.6 319.3 129.2 −486.5 335.6 161.9 56.7
Net income 266.0 273.5 371.7 442.7 261.3 88.7 −425.2 269.3 110.0 166.8
Growth +2.8% +35.9% +19.1% −41.0% −66.1% −579.3% −59.2% +51.6%
EPS, diluted n/a 2.99 3.75 n/a n/a n/a n/a n/a n/a n/a
Growth +25.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin48.2%Net margin41.1%Free cash flow margin67.6%Fiscal year 2017Operating margin50.0%Net margin36.8%Free cash flow margin60.9%Fiscal year 2018Operating margin55.8%Net margin41.0%Free cash flow margin46.0%Fiscal year 2019Operating margin46.2%Net margin40.5%Free cash flow margin27.5%Fiscal year 2020Operating margin34.3%Net margin28.1%Free cash flow margin19.7%Fiscal year 2021Operating margin6.6%Net margin4.5%Free cash flow margin0.9%Fiscal year 2022Operating margin−33.1%Net margin−28.9%Free cash flow margin14.4%Fiscal year 2023Operating margin20.6%Net margin16.6%Free cash flow margin22.6%Fiscal year 2024Operating margin12.1%Net margin8.2%Free cash flow margin21.9%Fiscal year 2025Operating margin5.2%Net margin15.2%Free cash flow margin1.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 48.2% 50.0% 55.8% 46.2% 34.3% 6.6% −33.1% 20.6% 12.1% 5.2%
Net margin 41.1% 36.8% 41.0% 40.5% 28.1% 4.5% −28.9% 16.6% 8.2% 15.2%
Free cash flow margin 67.6% 60.9% 46.0% 27.5% 19.7% 0.9% 14.4% 22.6% 21.9% 1.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow443.6Capital expenditure−5.8Free cash flow437.7Dividends paid−18.0Fiscal year 2017Operating cash flow469.5Capital expenditure−16.6Free cash flow452.9 +3.5%Dividends paid−579.0Fiscal year 2018Operating cash flow554.9Capital expenditure−138.5Free cash flow416.5 −8.0%Dividends paid−200.5Fiscal year 2019Operating cash flow513.9Capital expenditure−213.3Free cash flow300.6 −27.8%Dividends paid−227.0Fiscal year 2020Operating cash flow295.3Capital expenditure−111.9Free cash flow183.3 −39.0%Fiscal year 2021Operating cash flow379.2Capital expenditure−360.7Free cash flow18.5 −89.9%Dividends paid−320.3Fiscal year 2022Operating cash flow294.5Capital expenditure−83.7Free cash flow210.8 +1,037.0%Dividends paid−41.0Fiscal year 2023Operating cash flow455.0Capital expenditure−87.8Free cash flow367.3 +74.2%Buybacks−19.7Fiscal year 2024Operating cash flow373.4Capital expenditure−79.6Free cash flow293.8 −20.0%Buybacks−0.4Dividends paid−70.9Fiscal year 2025Operating cash flow281.3Capital expenditure−261.2Free cash flow20.1 −93.2%Buybacks−0.0Dividends paid−43.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 443.6 469.5 554.9 513.9 295.3 379.2 294.5 455.0 373.4 281.3
Capital expenditure −5.8 −16.6 −138.5 −213.3 −111.9 −360.7 −83.7 −87.8 −79.6 −261.2
Free cash flow 437.7 452.9 416.5 300.6 183.3 18.5 210.8 367.3 293.8 20.1
Growth +3.5% −8.0% −27.8% −39.0% −89.9% +1,037.0% +74.2% −20.0% −93.2%
Buybacks n/a n/a n/a n/a n/a n/a n/a −19.7 −0.4 −0.0
Dividends paid −18.0 −579.0 −200.5 −227.0 n/a −320.3 −41.0 n/a −70.9 −43.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1,087.0Shareholders’ equity1,026.9Fiscal year 2017Cash162.0Shareholders’ equity732.2Fiscal year 2018Cash1,264.0Shareholders’ equity1,651.0Fiscal year 2019Cash319.8Shareholders’ equity1,861.2Fiscal year 2020Cash611.4Shareholders’ equity2,103.0Fiscal year 2021Cash330.2Total debt352.0Net cash (debt)−21.8Shareholders’ equity1,857.7Debt to equity0.19Fiscal year 2022Cash699.2Total debt301.8Net cash (debt)397.4Shareholders’ equity1,611.8Debt to equity0.19Fiscal year 2023Cash765.5Total debt57.2Net cash (debt)708.3Shareholders’ equity1,442.2Debt to equity0.04Fiscal year 2024Cash1,490.2Total debt257.0Net cash (debt)1,233.2Shareholders’ equity1,458.7Debt to equity0.18Fiscal year 2025Cash1,652.2Total debt313.0Net cash (debt)1,339.2Shareholders’ equity1,576.6Debt to equity0.20
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1,087.0 162.0 1,264.0 319.8 611.4 330.2 699.2 765.5 1,490.2 1,652.2
Total debt n/a n/a n/a n/a n/a 352.0 301.8 57.2 257.0 313.0
Net cash (debt) n/a n/a n/a n/a n/a −21.8 397.4 708.3 1,233.2 1,339.2
Shareholders’ equity 1,026.9 732.2 1,651.0 1,861.2 2,103.0 1,857.7 1,611.8 1,442.2 1,458.7 1,576.6
Debt to equity n/a n/a n/a n/a n/a 0.19 0.19 0.04 0.18 0.20

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
48.2% 50.0% 55.8% 46.2% 34.3% 6.6% −33.1% 20.6% 12.1% 5.2%
55.6% 61.4% 58.8% 57.3% 38.1% 9.9% −34.3% 23.4% 14.7% 18.7%
41.1% 36.8% 41.0% 40.5% 28.1% 4.5% −28.9% 16.6% 8.2% 15.2%
67.6% 60.9% 46.0% 27.5% 19.7% 0.9% 14.4% 22.6% 21.9% 1.8%
Spending
12.0% 16.4% 10.5% 16.9% 17.2% 16.2% 17.7% 12.8% 13.6% 11.9%
0.9% 2.2% 15.3% 19.5% 12.0% 18.3% 5.7% 5.4% 5.9% 23.8%
23.3% 40.0% 28.7% 30.3% 31.2% 57.4% n/a 31.1% 45.0% 22.4%
Returns
25.9% 37.4% 22.5% 23.8% 12.4% 4.8% −26.4% 18.7% 7.5% 10.6%
n/a 15.6% 12.1% 11.6% 6.4% 1.9% −7.5% 5.3% 2.2% 3.5%
Balance and payout
n/a n/a n/a n/a n/a 0.19 0.19 0.04 0.18 0.20
n/a 58.3% 46.1% 47.1% 45.1% 56.2% 70.8% 70.8% 69.8% 66.4%
6.8% 211.7% 53.9% 51.3% n/a 361.0% n/a n/a 64.5% 25.8%
4.1% 127.8% 48.1% 75.5% n/a 1,727.1% 19.4% 5.4% 24.3% 213.9%

Shown in CNY as filed; the screener converts to dollars.