v3.25.1
Consolidated Balance Sheets
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 1,490,235,562 $ 204,161,435 ¥ 765,547,547
Restricted cash 16,096,476 2,205,208 6,576,906
Short-term investments 10,475 1,435 417,711,617
Investments in equity securities 26,076,169
Accounts receivable, net of allowance for credit losses of RMB3,532,016 and RMB5,645,777 (USD773,468) as of December 31, 2023 and 2024, respectively 99,688,034 13,657,205 123,887,879
Inventories, net 6,881,470 942,758 20,462,490
Other current assets 114,898,590 15,741,042 117,047,122
Loans receivable, net 85,463,467 11,708,447 129,521,094
Total current assets 1,835,114,003 251,409,588 1,626,759,605
Restricted cash 18,869,900 2,585,166 19,476,259
Long-term time deposits 285,570,000 39,122,930 63,340,000
Loans receivable, net 15,372,238 2,105,988 70,690,305
Property, plant and equipment, net 649,528,210 88,985,000 814,949,026
Intangible assets, net 75,677,551 10,367,782 117,720,693
Operating lease right-of-use assets 1,328,582,419 182,015,045 1,535,330,762
Goodwill 96,074,468 13,162,148 177,082,468
Long-term investments 184,024,217 25,211,214 184,758,800
Other assets 102,545,847 14,048,723 104,725,600
Deferred tax assets 245,760,095 33,668,995 241,965,360
TOTAL ASSETS 4,947,118,948 677,752,517 5,066,798,878
Current liabilities:      
Short-term bank loans 116,800,000
Long-term bank loans, current portion 400,000 54,800 200,000
Accounts payable 56,488,405 7,738,880 73,126,677
Advance from customers 25,684,437 3,518,753 22,393,097
Salary and welfare payable 78,234,582 10,718,093 86,332,096
Deferred revenue 175,046,178 23,981,228 186,281,838
Operating lease liabilities, current 241,363,244 33,066,629 267,536,846
Accrued expenses and other current liabilities 481,910,291 66,021,439 459,832,717
Income tax payable 88,876,497 12,176,030 112,782,712
Total current liabilities 1,165,465,810 159,668,160 1,341,596,276
Operating lease liabilities, non-current 1,215,776,075 166,560,639 1,391,909,308
Deferred revenue, non-current 176,353,919 24,160,388 207,905,769
Long-term bank loans, non-current portion 256,200,000 35,099,256 56,800,000
Other long-term liabilities 120,975,955 16,573,638 111,711,750
Deferred tax liabilities 79,670,908 10,914,870 94,716,495
Unrecognized tax benefits 440,072,214 60,289,646 382,125,785
Total liabilities 3,454,514,881 473,266,597 3,586,765,383
Commitments and contingencies
Shareholders’ equity:      
Treasury Stock (37,043,116) (5,074,886) (36,677,832)
Additional paid-in capital 1,609,972,272 220,565,297 1,680,713,349
Accumulated losses (458,337,569) (62,791,989) (568,339,799)
Accumulated other comprehensive income 6,033,263 826,554 28,401,282
Total GreenTree Hospitality Group Ltd.’s shareholders’ equity 1,458,746,130 199,847,402 1,442,218,280
Noncontrolling interests 33,857,937 4,638,518 37,815,215
Total shareholders’ equity 1,492,604,067 204,485,920 1,480,033,495
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 4,947,118,948 677,752,517 5,066,798,878
Related Parties      
Current assets:      
Amounts due from related parties 21,839,929 2,992,058 19,928,781
Amounts due from related parties 110,000,000 15,069,938 110,000,000
Current liabilities:      
Amounts due to related parties 17,462,176 2,392,308 16,310,293
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 222,587,070 30,494,304 222,587,070
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value ¥ 115,534,210 $ 15,828,122 ¥ 115,534,210