GreenTree Hospitality Group Ltd.
GHG · Hotels & Motels · EDGAR filings ↗
Grade
C67Asset-light Chinese franchised-hotel operator with strong margins but a sharp revenue decline.
Strengths
- Strong profitability for the sector — net margin 15.2% (80th), OCF margin 25.6% (81st), interest coverage at the 100th pct
- Solid liquidity (current/quick ~1.6, 92nd–96th pct) and net income up 52%
Risks
- Revenue fell 18% (8th pct) and operating margin only 5.2% (23rd pct) — a real top-line stall
- China macro/regulatory exposure and falling RevPAR at mature hotels
Notable findings
- Strong balance sheetStrong balance sheet — $259M cash & investments
- Revenue declineRevenue -14.7% YoY
Key metrics
Gross margin
34.9%
Operating margin
5.2%
Net margin
15.2%
Return on equity
10.6%
Return on assets
3.5%
ROIC
2.4%
Revenue growth (QoQ)
-14.7%
Net-income growth
58.3%
Debt / equity
0.2×
Net debt / EBITDA
-11.4×
Interest coverage
7.4×
Current ratio
1.6×
Free cash flow
$3M
EBITDA
$20M
Tangible book value
$214M
Cash & investments
$259M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001213900-26-050417 ↗ |
| 20-F | 2025-04-30 | 2024-12-31 | 0001213900-25-037718 ↗ |
| 20-F | 2024-04-30 | 2023-12-31 | 0001104659-24-055024 ↗ |
| 20-F | 2023-04-28 | 2022-12-31 | 0001104659-23-053082 ↗ |
| 20-F | 2022-05-17 | 2021-12-31 | 0001558370-22-009130 ↗ |
| 20-F | 2021-04-30 | 2020-12-31 | 0001564590-21-022495 ↗ |
| 20-F | 2020-04-30 | 2019-12-31 | 0001564590-20-020200 ↗ |
| 20-F | 2019-04-30 | 2018-12-31 | 0001564590-19-014132 ↗ |