GreenTree Hospitality Group Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was CNY 199.64 million compared to CNY 200.83 million a year ago. Revenue was CNY 372.16 million compared to CNY 360.66 million a year ago. Net income was CNY 10.76 million compared to net loss of CNY 5.17 million a year ago.

For the full year, the company reported sales was CNY 886.76 million compared to CNY 847.39 million a year ago. Revenue was CNY 1,627.26 million compared to CNY 1,469.07 million a year ago. Net income was CNY 265.79 million compared to net loss of CNY 414.3 million a year ago. Basic earnings per share from continuing operations was CNY 2.6 compared to basic loss per share from continuing operations of CNY 3.71 a year ago.