GreenTree Hospitality Group Ltd. (GHG)

GHG Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,706	1,660	1,506	772.12	707.18	301.73
Short-Term Investments	285.57	-	0.01	443.79	227.39	715.45
Cash & Short-Term Investments	1,991	1,660	1,506	1,216	934.57	1,017
Cash Growth	18.67%	10.17%	23.89%	30.10%	-8.12%	-11.99%
Accounts Receivable	96.65	100.18	121.53	143.82	560.66	406.01
Other Receivables	33.69	38.8	85.46	129.52	181.67	247.53
Total Trade Receivables	130.34	138.98	206.99	273.34	742.33	653.54
Inventory	5.05	4.92	6.88	20.46	21.92	2.3
Other Current Assets	114.04	92.56	114.9	117.05	115.76	158.19
Total Current Assets	2,241	1,896	1,835	1,627	1,815	1,831
Net Property, Plant & Equipment	1,670	1,690	1,978	2,350	2,558	1,045
Other Intangible Assets	55	56.4	75.68	117.72	159.69	520.12
Goodwill	25.65	25.72	96.07	177.08	177.08	120.82
Long-Term Investments	155.67	442.5	469.59	248.1	306.85	348.79
Other Long-Term Assets	707.44	675.56	492.55	546.86	668.07	800.77
Total Assets	4,855	4,786	4,947	5,067	5,684	4,667

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	65.43	62.21	73.95	89.44	145.29	33.57
Accrued Expenses	624.39	613.49	560.14	546.16	529.11	441.44
Short-Term Debt	-	-	-	116.8	156.3	356
Current Portion of Long-Term Debt	256.2	56.8	0.4	0.2	141.8	50.2
Current Portion of Leases	186.33	184.67	241.36	267.54	272.7	-
Unearned Revenue	189.39	191.09	200.73	208.67	218.96	254.92
Other Current Liabilities	65.87	72.13	88.88	112.78	79.92	113.82
Total Current Liabilities	1,388	1,180	1,165	1,342	1,544	1,250
Long-Term Debt	46.76	199.4	256.2	56.8	160	301.8
Long-Term Leases	1,033	1,032	1,216	1,392	1,516	-
Other Long-Term Liabilities	761.34	765.8	817.07	796.46	805.15	1,072
Total Long-Term Liabilities	1,841	1,998	2,289	2,245	2,481	1,374
Total Liabilities	3,229	3,178	3,455	3,587	4,026	2,624

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	338.12	338.12	338.12	338.12	338.12	338.12
Treasury Stock	-48.05	-48.05	-37.04	-36.68	-16.97	-
Additional Paid-in Capital	1,567	1,567	1,610	1,681	2,080	1,151
Accumulated Other Comprehensive Income	15.06	11.09	6.03	28.4	27.73	41.88
Retained Earnings	-276.04	-291.55	-458.34	-568.34	-817.54	326.3
Total Common Shareholders' Equity	1,596	1,577	1,459	1,442	1,612	1,858
Minority Interest	30.13	31.6	33.86	37.82	46.6	185.24
Shareholders' Equity	1,626	1,577	1,459	1,480	1,658	2,043
Total Liabilities & Equity	4,855	4,786	4,947	5,067	5,684	4,667

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1,522	1,473	1,714	1,833	2,247	708
Net Cash (Debt)	469.06	186.23	-207.4	-617.33	-1,313	309.18
Net Cash Growth	-	-	-	-	-	-69.26%
Net Cash Per Share	7.08	2.81	-3.11	-9.17	-19.25	4.53
Book Value	1,596	1,577	1,459	1,442	1,612	1,858
Book Value Per Share	24.10	23.76	21.85	21.42	23.63	27.20
Tangible Book Value	1,515	1,494	1,287	1,147	1,275	1,217
Tangible Book Value Per Share	22.88	22.52	19.27	17.04	18.70	17.82

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error