GreenTree Hospitality Group Ltd. (GHG) Reports Q3 2021 Results
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GreenTree Hospitality Group Ltd. Reports Third Quarter 2021 Financial Results
January 12, 2022 6:20 PM ESTTotal revenues increased 16.3% year-over-year to RMB310.4 million (US$48.2 million)[1]. Income from operations decreased 45.6% year-over-year to RMB54.9 million (US$8.5 million) [1]. Adjusted EBITDA (non-GAAP) [2] decreased 33.5% year-over-year to RMB73.7 million (US$11.4 million) [1]. Core net income (non-GAAP) [3] decreased 45.7% year-over-year to RMB50.2 million (US$7.8 million) [1].
SHANGHAI, Jan. 12, 2022 /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 third quarter of 2021.
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