v3.26.1
Revenue from Contracts with Customers
 12 Months Ended
Dec. 31, 2025
Revenue from Contracts with Customers [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS

5. REVENUE FROM CONTRACTS WITH CUSTOMERS

 

Disaggregated Revenues

 

The following tables present our revenues disaggregated by the type of the services:

 

   Years Ended December 31, 
   2023   2024   2025   2025 
   RMB   RMB   RMB   USD 
Leased and operated revenues   787,814,342    596,640,639    488,174,353    69,808,004 
Hotel   490,924,060    437,521,898    381,361,912    54,534,028 
Restaurant   296,890,282    159,118,741    106,812,441    15,273,976 
Franchise and managed revenues   705,244,948    635,360,312    534,451,868    76,425,600 
Hotel   696,321,236    625,072,856    528,472,018    75,570,493 
Restaurant   8,923,712    10,287,456    5,979,850    855,107 
Wholesales and others   134,198,399    111,439,245    74,727,172    10,685,844 
Total   1,627,257,689    1,343,440,196    1,097,353,393    156,919,448 

 

Substantially all revenues are generated in the PRC.

 

Contract Balances

 

The Group’s payments from customers are based on the billing terms established in contracts. Customer billings are classified as accounts receivable when the Group’s right to consideration is unconditional. If the right to consideration is conditional on future performance under the contract, the balance is classified as a contract asset. The Group had no contract assets as of December 31, 2024 and 2025.

 

Payments received in advance of performance under the contract are classified as current or non-current contract liabilities on the Group’s consolidated balance sheets and are recognized as revenue as the Group performs under the contract:

 

   Years Ended December 31, 
   2024   2025   2025 
   RMB   RMB   USD 
Advance from customers   25,684,437    21,946,599    3,138,322 
Deferred revenue-current   175,046,178    169,139,889    24,186,682 
Deferred revenue-non-current   176,353,919    134,414,010    19,220,948 
Total contract liabilities   377,084,534    325,500,498    46,545,952 

 

The deferred revenue balances above, as of December 31, 2024 and 2025 were comprised of the following:

 

   Years Ended December 31, 
   2024   2025   2025 
   RMB   RMB   USD 
Initial fees received from franchisees owners   145,314,471    121,584,464    17,386,347 
Cash received for membership fees and not recognized as revenue   103,514,777    77,614,234    11,098,688 
Cash received for prepaid card and subleases   39,922,504    38,918,849    5,565,321 
Deferred revenue related to the membership program   62,648,345    65,436,352    9,357,274 
Total deferred revenue   351,400,097    303,553,899    43,407,630 

 

The Group recognized revenues that were previously deferred as contract liabilities of RMB 137,930,826 and RMB 110,603,268 (USD 15,816,057) during the years ended December 31, 2024 and 2025, respectively.

Revenue Allocated to Remaining Performance Obligations

 

Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods.

 

As of December 31, 2025, the Group had RMB 121,584,464 (USD 17,386,347) of deferred revenues related to initial fees received from franchisees owners are expected to be recognized as revenues over the remaining contract periods over one to 30 years. The Group had RMB 77,614,234 (USD 11,098,688) of deferred revenues related to membership fees that are expected to be recognized as revenues over the remaining membership life, which is estimated to be one to five years. The Group had RMB 65,436,352 (USD 9,357,274) of deferred revenues related to unsatisfied performance obligations under Greentree Reward membership program that will be recognized as revenues when the points are redeemed, which is estimated to occur over the next two years. The Group also had RMB 38,918,849 (USD 5,565,321) related to cash received for prepaid card and sublease, which are expected to be recognized as revenues in future periods over the terms of the related contracts within two years.

 

The Group did not estimate revenues expected to be recognized related to the Group’s unsatisfied performance for the following:

 

●Revenues related to on-going management and franchise service fees, as they are considered sales-based royalty fees.

 

●Revenues related to central reservation system usage fees, IT system maintenance fees, and reimbursement for hotel manager fee, as the related revenues from the satisfaction of these performance obligations is recognized when the Group is entitled to invoice the amount.