GreenTree Hospitality Group Annual Report FY 2024
On April 30, 2025, GreenTree Hospitality Group Ltd., recognized by its stock symbol NYSE: GHG, submitted its comprehensive annual report on Form 20-F for the fiscal year concluding on December 31, 2024. This document, mandated by the U.S. Securities and Exchange Commission (SEC), is crucial for providing transparency regarding the company's financial health and operational developments.
Key Highlights from the Annual Report
The report signifies a notable year for GreenTree, which has cemented its position as a leading name in the hospitality management sector within China. As of the end of 2024, the company boasted a robust portfolio consisting of 4,425 hotels and 182 restaurants. Its ranking is particularly impressive, landing at the 11th spot on HOTELS magazine's list of the 225 largest global hotel groups, showcasing its strength and expansion in the hospitality industry.
Strategic Acquisitions
In a move that signals aggressive growth, GreenTree completed significant acquisitions in 2023 by integrating two prominent restaurant chains: Da Niang Dumplings and Bellagio. This strategy not only broadens GreenTree's portfolio but also reinforces its foothold in the competitive dining sector in China. These acquisitions will ensure that GreenTree can offer diverse dining options to its guests, enhancing their overall experience.
Diverse Brand Portfolio
GreenTree's strengths lie in its varied brand offerings, which span from budget-friendly to luxury accommodations. The company aims to cater to a broad customer base through an array of hospitality options, ensuring that guests from all walk of life find a suitable space to stay. This inclusive strategy is backed by its expansive booking network and a modern management system that emphasizes client comfort and operational efficiency.
Shareholder Engagement
A highlight of the filing is GreenTree's commitment to its stakeholders. The report points out that the company provides hard copies of its annual report, including audited consolidated financial statements, at no cost to shareholders and ADS holders upon request. This practice maintains an open line of communication between the company's management and its investors, enhancing trust and transparency.
Financial Performance
While the detailed financial figures are available in the full report, preliminary assessments suggest that GreenTree has exhibited resilience despite ongoing economic fluctuations. The strategic focus on expanding its portfolio through both hospitality and restaurant management helps position the company favorably in the market.
Accessibility of Information
For those interested in viewing the full annual report, it is readily accessible through GreenTree's investor relations website at
ir.998.com and the SEC's official site at
www.sec.gov. This ensures that all pertinent information is available to stakeholders who wish to analyze the company's performance and future outlook.
Conclusion
With a solid foundation and a clear strategy for growth, GreenTree Hospitality Group Ltd. is poised for continued success in the hospitality and dining industries. Its commitment to diversifying its offerings and maintaining engagement with its shareholders underscores a proactive approach to business management.
For further inquiries, representatives from GreenTree can be contacted through various channels, ensuring easy access to company information and support.
This report marks a significant chapter in GreenTree's journey, one that reflects not just business growth but also a holistic approach to hospitality management in China.