GreenTree Hospitality Group Ltd. (GHG) Reports Q2 EPS of RMB0.69

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GreenTree Hospitality Group Ltd. Reports Second Quarter of 2024 Financial Results

August 15, 2024 7:21 AM EDT

Total revenues decreased by 20.5% year over year to RMB 329.7million (US$45.4 million)[1].Income from operations was RMB84.4 million (US$11.6 million)[1] compared to RMB98.6 million for the second quarter of 2023. Net income was RMB62.3 million (US$8.6 million)[1] compared to RMB101.9 million for the second quarter of 2023.Adjusted EBITDA (non-GAAP)[2] decreased 34.5% year... More