GreenTree Hospitality Group Ltd. (GHG)

GHG Income Statement

Financials in millions CNY. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	1,627	1,469	1,968	930.01	1,092
Revenue Growth (YoY)	10.77%	-25.34%	111.59%	-14.82%	20.56%
Cost of Revenue	0	0	0	401.66	338.83
Gross Profit	1,627	1,469	1,968	528.35	752.97
Selling, General & Admin	359.64	813.43	542.91	238.77	269.96
Other Operating Expenses	-15.47	75.66	-16.81	-29.67	-21.55
Operating Expenses	344.17	889.09	526.1	209.1	248.41
Operating Income	1,283	579.98	1,442	319.25	504.55
Interest Expense / Income	14.05	27.99	15.3	3.46	2.51
Other Expense / Income	881.27	1,021	1,225	-56.01	-130.24
Pretax Income	387.77	-469.23	200.99	371.8	632.29
Income Tax	118.45	-44.07	112.29	110.46	189.57
Net Income	269.32	-425.15	88.71	261.34	442.72
Net Income Growth	-	-	-66.06%	-40.97%	19.10%
Shares Outstanding (Basic)	102	103	103	103	102
Shares Outstanding (Diluted)	102	103	103	103	102
Shares Change	-0.85%	-0.08%	-	0.95%	2.95%
EPS (Basic)	2.64	-4.13	0.86	2.54	4.34
EPS (Diluted)	2.64	-4.13	0.86	2.54	4.34
EPS Growth	-	-	-66.14%	-41.47%	15.73%
Free Cash Flow	370.24	220.02	-176.97	183.41	302.41
Free Cash Flow Per Share	3.63	2.14	-1.72	1.78	2.96
Dividend Per Share	-	0.750	0.550	-	0.550
Dividend Growth	-	36.36%	-	-	-
Gross Margin	100.00%	100.00%	100.00%	56.81%	68.97%
Operating Margin	78.85%	39.48%	73.26%	34.33%	46.21%
Profit Margin	16.55%	-28.94%	4.51%	28.10%	40.55%
Free Cash Flow Margin	22.75%	14.98%	-8.99%	19.72%	27.70%
Effective Tax Rate	30.55%	-	55.87%	29.71%	29.98%
EBITDA	789.85	-5.1	335.63	441.13	675.16
EBITDA Margin	48.54%	-0.35%	17.06%	47.43%	61.84%
Depreciation & Amortization	388.03	436.14	119.34	65.87	40.37
EBIT	401.82	-441.24	216.3	375.26	634.79
EBIT Margin	24.69%	-30.04%	10.99%	40.35%	58.14%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).