GreenTree Hospitality Group Ltd. (GHG)

GHG Balance Sheet

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

Year	2023	2022	2021	2020	2019
Cash & Equivalents	791.6	733.96	320.6	633.73	342.16
Short-Term Investments	573.31	409.06	962.98	766.61	726.6
Cash & Cash Equivalents	1,365	1,143	1,284	1,400	1,069
Cash Growth	19.41%	-10.95%	-8.34%	31.02%	-54.09%
Receivables	253.82	673.02	406.01	111.28	131.44
Inventory	20.46	21.92	2.3	3.8	2.54
Other Current Assets	-12.43	-23.38	139.32	68.88	62.49
Total Current Assets	1,627	1,815	1,831	1,584	1,265
Property, Plant & Equipment	2,350	2,558	1,045	668.61	614.94
Long-Term Investments	318.79	484.03	639.76	1,005	1,080
Goodwill and Intangibles	294.8	336.77	640.94	591.74	596.36
Other Long-Term Assets	476.17	490.9	509.8	245.08	259.76
Total Long-Term Assets	3,440	3,869	2,836	2,511	2,551
Total Assets	5,067	5,684	4,667	4,095	3,816
Accounts Payable	73.13	123.58	24.04	19.61	15.3
Deferred Revenue	394.19	427.73	529.62	583.22	642.73
Current Debt	384.54	570.8	406.2	150	60
Other Current Liabilities	489.75	421.97	290.09	116.71	77
Total Current Liabilities	1,342	1,544	1,250	869.53	795.03
Long-Term Debt	1,449	1,676	301.8	0	0
Other Long-Term Liabilities	796.46	805.15	1,072	975.5	1,004
Total Long-Term Liabilities	2,245	2,481	1,374	975.5	1,004
Total Liabilities	3,587	4,026	2,624	1,845	1,799
Total Debt	1,833	2,247	708	150	60
Debt Growth	-18.42%	217.38%	372.00%	150.00%	-
Retained Earnings	-568.34	-817.54	326.3	570.04	308.7
Comprehensive Income	28.4	27.73	41.88	45.59	65.3
Shareholders' Equity	1,442	1,612	1,858	2,103	1,861
Net Cash / Debt	-468.34	-1,104.05	575.58	1,250	1,009
Net Cash / Debt Growth	-	-	-53.97%	23.95%	-55.52%
Net Cash Per Share	-4.59	-10.72	5.59	12.13	9.88
Working Capital	285.16	270.5	581.26	714.77	470.19
Book Value Per Share	14.13	15.65	18.03	20.41	18.23

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