GreenTree Hospitality Group Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 257.69 million compared to CNY 231.66 million a year ago. Revenue was CNY 460.88 million compared to CNY 399.74 million a year ago. Net income was CNY 117.62 million compared to net loss of CNY 60.42 million a year ago.
For the nine months, sales was CNY 687.12 million compared to CNY 646.56 million a year ago. Revenue was CNY 1,255.09 million compared to CNY 1,108.41 million a year ago. Net income was CNY 300.02 million compared to net loss of CNY 409.13 million a year ago.