Company Analysis

GreenTree Hospitality Group Ltd. (GHG)

NYSE: GHG · Hotels & Motels · Shanghai, CN · filing with the SEC since 2017
Grade4.3
◀ Past 3.4● Present 4.5▶ Future 5.0
2 est.

The grade of GreenTree Hospitality Group Ltd.

Nine metrics read from its own filings, by tense
Headline grade
4.3/10
◀ Past3.430% of the headline
● Present4.540% of the headline
▶ Future5.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.4/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.0/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2022-04-29.

weight 33% of this tense · 30th percentile among 28 sector filers · read for itself

From the record

GreenTree Hospitality Group Ltd.'s filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2022-04-29) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.4/10

What has it actually done, year after year?

+6% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 44th percentile among 27 sector filers · read for its customers

From the record

GreenTree Hospitality Group Ltd.'s 10 filed years say what it did: revenue went from CNY 648 million in fiscal 2016 to CNY 1.1 billion in fiscal 2025, up 6% a year; it rose in 5 of 9 years; the deepest fall was 44% from fiscal 2021 to fiscal 2025; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.0%top 50% of its family
  • the share of years revenue rosebottom 4% of its family
  • the share of filed years with a profittop 28% of its family
  • the deepest fall from a revenue peak44.2%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.8/10

How has it treated the people who own it?

SI estimate 1.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 18th percentile among 26 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 18% of 26 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 26 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: GreenTree Hospitality Group Ltd.'s shareholder treatment is put at 1.8 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 18% of 26 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.5/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.7/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 66%: owes 66¢ per asset dollar.

weight 33% of this tense · 47th percentile among 26 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, GreenTree Hospitality Group Ltd. earned about 10 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 8 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 66 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 24% of its family
  • return on equitytop 45% of its family
  • gross profit against assetsbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.1/10

How strong is its position in its industry?

bottom 41% of 27 in its family; net margin 15.2%.

weight 45% of this tense · 41st percentile among 27 sector filers · read for its customers

From the record

GreenTree Hospitality Group Ltd.'s standing among 27 graded names in its industry family: revenue of CNY 1.1 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 15.2% ranks in the top 20%; revenue growth of -9.3% a year over the last 3 filed years ranks in the bottom 2% (its annual reports).

What it rests on

  • net margin15.2%top 20% of its family
  • three-year revenue growth-9.3%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 21 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 21 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 21 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: GreenTree Hospitality Group Ltd.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 21 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

bottom 50% of 26 in its family for room to expand.

weight 22% of this tense · 50th percentile among 26 sector filers · read for itself

From the record

GreenTree Hospitality Group Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of CNY 1.7 billion against debt of CNY 256 million leaves 29.7% of its assets as net cash, top 6% of its family; cash from operations less capital spending is 1.8% of revenue (bottom 13%); a gross margin of 34.9% (bottom 42%) (its annual report).

What it rests on

  • cash less debt against assets29.7%top 6% of its family
  • cash from operations less capital spending against revenue1.8%bottom 13% of its family
  • gross margin34.9%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.4/10

What could actually drive growth from here?

bottom 34% of 27 in its family for growth drivers.

weight 45% of this tense · 34th percentile among 27 sector filers · read for its customers

From the record

GreenTree Hospitality Group Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew -9.3% a year over the last three filed years against 6% over all 10, slowing (bottom 6% of its family); the newest year grew -18.3% (bottom 2%); capital spending grew 46.1% a year (top 6%) (its annual reports). GreenTree Hospitality Group Ltd. reported 3 product lines in fiscal 2025: Franchise and Managed Revenues at CNY 534 million (49%), Leased and Operated Revenues at CNY 488 million (45%), Wholesale and Others Revenue at CNY 75 million (7%); 0 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-15.3 points a yearbottom 6% of its family
  • the newest year's revenue growth-18.3%bottom 2% of its family
  • three-year growth of capital spending46.1%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.2/10

Did its newest year beat what its own record pointed to?

top 28% of 27 in its family for expectations against reality.

weight 33% of this tense · 72nd percentile among 27 sector filers · read for its shareholders

From the record

GreenTree Hospitality Group Ltd.'s newest year against its own record: revenue of CNY 1.1 billion in fiscal 2025 came in 14.6% below the CNY 1.3 billion its prior three years' pace pointed to (bottom 35% of its family); net income of CNY 167 million against a prior three-year average of CNY 15 million (top 2%); a net margin of 15.2% against -1.4% before (top 17%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-14.6%bottom 35% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 2% of its family
  • net margin against its prior average+16.6 pointstop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GHG · research, not advice