GreenTree Hospitality Group Ltd. (GHG)

GHG Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,667	1,490	765.55	699.24	298.43	611.36
Short-Term Investments	0.03	13.42	459.85	244.17	726.62	544.36
Cash & Short-Term Investments	1,667	1,504	1,225	943.41	1,025	1,156
Cash Growth	19.47%	22.71%	29.89%	-7.96%	-11.31%	19.87%
Accounts Receivable	139.72	113.45	138.1	149.21	104.4	110.66
Other Receivables	-	59.3	72.02	456.07	409.95	0.62
Receivables	203.87	258.22	339.64	786.94	761.88	333.53
Inventory	7.27	6.88	20.46	21.92	2.3	3.8
Prepaid Expenses	-	-	-	-	15.45	13.6
Restricted Cash	11.39	16.1	6.58	7.94	3.3	-
Other Current Assets	140.02	50.27	34.68	54.37	23.23	77.65
Total Current Assets	2,029	1,835	1,627	1,815	1,831	1,584
Property, Plant & Equipment	1,984	1,978	2,350	2,558	1,045	668.61
Long-Term Investments	488.27	184.02	184.76	176.85	218.79	859.53
Goodwill	96.07	96.07	177.08	177.08	120.82	100.23
Other Intangible Assets	74.64	75.68	117.72	159.69	520.12	491.51
Long-Term Deferred Tax Assets	243.03	245.76	241.97	232	161.57	156.07
Other Long-Term Assets	265.81	516.99	297.54	386.54	478.24	89.01
Total Assets	5,193	4,947	5,067	5,684	4,667	4,095
Accounts Payable	48.22	60.63	76.78	125.25	26.96	20.81
Accrued Expenses	606.86	236.78	228.06	230.86	206.97	152.85
Short-Term Debt	0.4	-	116.8	156.3	356	150
Current Portion of Long-Term Debt	-	0.4	0.2	141.8	50.2	-
Current Portion of Leases	253.43	241.36	267.54	272.7	-	-
Current Income Taxes Payable	85.38	88.88	112.78	79.92	70.9	87.48
Current Unearned Revenue	185.83	200.73	208.67	218.96	254.92	255.62
Other Current Liabilities	15.72	336.69	330.77	318.29	284	202.76
Total Current Liabilities	1,196	1,165	1,342	1,544	1,250	869.53
Long-Term Debt	256	256.2	56.8	160	301.8	-
Long-Term Leases	1,259	1,216	1,392	1,516	-	-
Long-Term Unearned Revenue	167.65	176.35	207.91	234.37	314.47	361.9
Long-Term Deferred Tax Liabilities	59.93	79.67	94.72	92.71	228.2	178.41
Other Long-Term Liabilities	564.74	561.05	493.84	478.06	529.71	435.19
Total Liabilities	3,503	3,455	3,587	4,026	2,624	1,845
Common Stock	338.12	338.12	338.12	338.12	338.12	338.12
Additional Paid-In Capital	1,610	1,610	1,681	2,080	1,151	1,149
Retained Earnings	-256.88	-458.34	-568.34	-817.54	326.3	570.04
Treasury Stock	-48.05	-37.04	-36.68	-16.97	-	-
Comprehensive Income & Other	15.7	6.03	28.4	27.73	41.88	45.59
Total Common Equity	1,659	1,459	1,442	1,612	1,858	2,103
Minority Interest	31.16	33.86	37.82	46.6	185.24	146.89
Shareholders' Equity	1,690	1,493	1,480	1,658	2,043	2,250
Total Liabilities & Equity	5,193	4,947	5,067	5,684	4,667	4,095
Total Debt	1,769	1,714	1,833	2,247	708	150
Net Cash (Debt)	-102.18	-210.08	-607.84	-1,304	317.04	1,006
Net Cash Growth	-	-	-	-	-68.48%	11.24%
Net Cash Per Share	-1.01	-2.07	-5.95	-12.66	3.08	9.76
Filing Date Shares Outstanding	101.4	101.52	101.54	102.18	103.05	103.05
Total Common Shares Outstanding	101.4	101.52	101.54	102.18	103.05	103.05
Working Capital	833.38	669.65	285.16	270.5	581.26	714.77
Book Value Per Share	16.36	14.37	14.20	15.77	18.03	20.41
Tangible Book Value	1,488	1,287	1,147	1,275	1,217	1,511
Tangible Book Value Per Share	14.68	12.68	11.30	12.48	11.81	14.67
Land	-	40.97	-	-	-	-
Buildings	-	562.42	685.78	685.78	626.91	544.3
Machinery	-	254.25	295.39	298.65	96.65	80.51
Construction In Progress	-	2.68	19.96	22.3	127.42	13.36
Leasehold Improvements	-	651.69	654.86	700.72	630.69	384.27

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q