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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,653	1,506	772.12	707.18	301.73	611.36
Short-Term Investments	0.03	0.01	443.79	227.39	715.45	544.36
Cash & Short-Term Investments	1,653	1,506	1,216	934.58	1,017	1,156
Cash Growth	7.15%	23.89%	30.10%	-8.12%	-11.99%	19.87%
Accounts Receivable	126.85	121.53	143.82	560.66	406.01	111.28
Other Receivables	46.21	85.46	129.52	181.67	247.53	222.25
Total Trade Receivables	173.06	206.99	273.34	742.33	653.54	333.53
Inventory	6.77	6.88	20.46	21.92	2.3	3.8
Other Current Assets	107.57	114.9	117.05	115.76	158.19	91.25
Total Current Assets	1,941	1,835	1,627	1,815	1,831	1,584
Net Property, Plant & Equipment	1,921	1,978	2,350	2,558	1,045	668.61
Other Intangible Assets	74	75.68	117.72	159.69	520.12	491.51
Goodwill	96.07	96.07	177.08	177.08	120.82	100.23
Long-Term Investments	494.11	469.59	248.1	306.85	348.79	859.53
Other Long-Term Assets	657.32	492.55	546.86	668.07	800.77	390.78
Total Assets	5,183	4,947	5,067	5,684	4,667	4,095
Accounts Payable	67.83	73.95	89.44	145.3	33.57	22.8
Accrued Expenses	610.28	560.15	546.17	529.11	441.44	352.26
Short-Term Debt	-	-	116.8	156.3	356	150
Current Portion of Long-Term Debt	0.4	0.4	0.2	141.8	50.2	-
Current Portion of Leases	217.02	241.36	267.54	272.7	-	-
Unearned Revenue	197.2	200.73	208.68	218.96	254.92	255.62
Other Current Liabilities	91.41	88.88	112.78	79.92	113.82	88.84
Total Current Liabilities	1,184	1,165	1,342	1,544	1,250	869.53
Long-Term Debt	256	256.2	56.8	160	301.8	-
Long-Term Leases	1,229	1,216	1,392	1,516	-	-
Other Long-Term Liabilities	781.94	817.07	796.46	805.15	1,072	975.5
Total Long-Term Liabilities	2,267	2,289	2,245	2,481	1,374	975.5
Total Liabilities	3,451	3,455	3,587	4,026	2,624	1,845
Common Stock	338.12	338.12	338.12	338.12	338.12	338.12
Treasury Stock	-48.05	-37.04	-36.68	-16.97	-	-
Additional Paid-in Capital	1,610	1,610	1,681	2,080	1,151	1,149
Accumulated Other Comprehensive Income	3.43	6.03	28.4	27.73	41.88	45.59
Retained Earnings	-202.06	-458.34	-568.34	-817.54	326.3	570.04
Total Common Shareholders' Equity	1,701	1,459	1,442	1,612	1,858	2,103
Minority Interest	30.68	33.86	37.82	46.6	185.24	146.89
Shareholders' Equity	1,732	1,493	1,480	1,658	2,043	2,250
Total Liabilities & Equity	5,183	4,947	5,067	5,684	4,667	4,095
Total Debt	1,702	1,714	1,833	2,247	708	150
Net Cash (Debt)	-48.75	-207.4	-617.33	-1,313	309.18	1,006
Net Cash Growth	-	-	-	-	-69.26%	11.24%
Net Cash Per Share	-0.73	-3.11	-9.17	-19.25	4.53	14.73
Book Value	1,701	1,459	1,442	1,612	1,858	2,103
Book Value Per Share	25.57	21.85	21.42	23.63	27.20	30.80
Tangible Book Value	1,531	1,287	1,147	1,275	1,217	1,511
Tangible Book Value Per Share	23.01	19.27	17.04	18.70	17.82	22.13

Updated Dec 23, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q