v3.26.1
Consolidated Balance Sheets
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 1,652,179,474 $ 236,258,523 ¥ 1,490,235,562
Restricted cash 7,389,650 1,056,706 16,096,476
Short-term investments     10,475
Accounts receivable, net of allowance for credit losses of RMB5,645,777 and RMB4,214,100 (USD 602,608) as of December 31, 2024 and 2025, respectively 81,335,494 11,630,821 99,688,034
Inventories, net 4,922,160 703,860 6,881,470
Other current assets, net 92,557,400 13,235,532 114,898,590
Loans receivable, net 38,798,333 5,548,088 85,463,467
Total current assets 1,896,025,573 271,128,052 1,835,114,003
Restricted cash 18,869,900 2,698,360 18,869,900
Long-term time deposits 285,570,000 40,835,967 285,570,000
Loans receivable, net 12,034,825 1,720,957 15,372,238
Property, plant and equipment, net 559,918,957 80,067,346 649,528,210
Intangible assets, net 56,403,818 8,065,639 75,677,551
Operating lease right-of-use assets 1,130,088,595 161,600,520 1,328,582,419
Goodwill 25,721,262 3,678,092 96,074,468
Long-term investments 156,929,090 22,440,561 184,024,217
Other assets 297,560,053 42,550,522 102,545,847
Deferred tax assets 237,098,634 33,904,654 245,760,095
TOTAL ASSETS 4,786,220,707 684,420,461 4,947,118,948
Current liabilities:      
Long-term bank loans, current 56,800,000 8,122,292 400,000
Accounts payable 44,687,186 6,390,184 56,488,405
Advance from customers 21,946,599 3,138,322 25,684,437
Salary and welfare payable 73,657,641 10,532,903 78,234,582
Deferred revenue 169,139,889 24,186,682 175,046,178
Operating lease liabilities, current 184,665,265 26,406,782 241,363,244
Accrued expenses and other current liabilities 539,836,968 77,195,660 481,910,291
Income tax payable 72,129,824 10,314,428 88,876,497
Total current liabilities 1,180,381,474 168,792,308 1,165,465,810
Operating lease liabilities, non-current 1,032,472,822 147,641,650 1,215,776,075
Deferred revenue, non-current 134,414,010 19,220,948 176,353,919
Long-term bank loans, non-current 199,400,000 28,513,821 256,200,000
Other long-term liabilities 117,513,512 16,804,209 120,975,955
Deferred tax liabilities 55,941,338 7,999,505 79,670,908
Unrecognized tax benefits 457,930,743 65,483,225 440,072,214
Total liabilities 3,178,053,899 454,455,666 3,454,514,881
Commitments and contingencies
Shareholders’ equity:      
Treasury stock (48,054,863) (6,871,754) (37,043,116)
Additional paid-in capital 1,566,949,877 224,070,852 1,609,972,272
Accumulated losses (291,545,545) (41,690,458) (458,337,569)
Accumulated other comprehensive income 11,093,099 1,586,292 6,033,263
Total GreenTree Hospitality Group Ltd.’s shareholders’ equity 1,576,563,848 225,445,632 1,458,746,130
Noncontrolling interests 31,602,960 4,519,163 33,857,937
Total shareholders’ equity 1,608,166,808 229,964,795 1,492,604,067
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 4,786,220,707 684,420,461 4,947,118,948
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 222,587,070 31,829,528 222,587,070
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 115,534,210 16,521,172 115,534,210
Related Parties      
Current assets:      
Amounts due from related parties 18,843,062 2,694,522 21,839,929
Amounts due from related parties 110,000,000 15,729,791 110,000,000
Current liabilities:      
Amounts due to related parties ¥ 17,518,102 $ 2,505,055 ¥ 17,462,176