GREENTREE HOSPITALITY Reports Earnings Results for Q2 of FY2023
September 22, 2023
🌥️Earnings Overview
On June 30, 2023, GREENTREE HOSPITALITY ($NYSE:GHG) released their financial results for the second quarter of FY2023, revealing total revenue of CNY 415.0 million, a decrease of 9.3% year over year. In contrast, net income experienced an increase of 138.0%, amounting to CNY 124.4 million.
Share Price
On Wednesday, GREENTREE HOSPITALITY reported its earnings results for the second quarter of FY2023. GREENTREE HOSPITALITY opened at $4.3 and closed at $4.3, up by 0.5% from prior closing price of 4.3. GREENTREE HOSPITALITY was also able to reduce expenses by 2%, resulting in improved margins and increased profitability.
Overall, the results were encouraging and the company appears to be on track to meet its targets for the fiscal year. Investors were pleased with the results and this drove the stock price higher despite the general market trend. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Greentree Hospitality. More…
| Total Revenues | Net Income | Net Margin |
| 1.02k | 148.9 | 27.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Greentree Hospitality. More…
| Operations | Investing | Financing |
| 461.39 | 203.76 | -193.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Greentree Hospitality. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.49k | 4.06k | 13.65 |
Key Ratios Snapshot
Some of the financial key ratios for Greentree Hospitality are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.3% | -8.0% | 21.4% |
| FCF Margin | ROE | ROA |
| 34.3% | 9.6% | 2.5% |
Analysis
At GoodWhale, we recently conducted a financial analysis of GREENTREE HOSPITALITY‘s financials. We did, however, detect two risk warnings in the company’s balance sheet and financial journal and encourage registered users of our platform to review this information for themselves. Our expert team has developed detailed measures to monitor potential risks associated with investments, and we are confident in our assessment that GREENTREE HOSPITALITY is a safe option for investors. More…
Peers
GreenTree Hospitality Group Ltd is one of the leading companies in the hospitality industry, competing with Tibet Tourism Co Ltd, FX Hotels Group Inc, and Asian Hotels (North) Ltd. All four companies strive to be the best in the industry in terms of providing excellent services and customer satisfaction. The competition between these four companies is fierce and ongoing, and each company works to bring out the best in their products and services.
– Tibet Tourism Co Ltd ($SHSE:600749)
Tibet Tourism Co Ltd is a company based in Tibet that specializes in providing tourism services to visitors. As of 2023, the company has a market capitalization of 2.95 billion, making it one of the largest companies in the region. The Return on Equity (ROE) for this company is -1.75%, which indicates that it is not generating sufficient profits to cover its costs. This reflects the challenges that the company is facing in its core business of providing tourism services.
– FX Hotels Group Inc ($TPEX:2724)
FX Hotels Group Inc is a hotel group that operates a variety of hotel brands across the world. As of 2023, the company’s market cap is 820.27M, which reflects the value of the company’s assets and operations. Additionally, the company has a Return on Equity of -8.65%, indicating that the company is not generating sufficient profits to cover its costs and to generate positive returns for its shareholders. This is likely due to increasing operating expenses and declining revenue as a result of pandemic-related economic pressures.
– Asian Hotels (North) Ltd ($BSE:500023)
Asian Hotels (North) Ltd is a hospitality company that operates hotels and resorts in the North of India. It has a market cap of 1.56B as of 2023, reflecting the company’s strong market presence and share price performance. However, its Return on Equity (ROE) of -9.12% is a matter of concern, indicating that the company is not generating sufficient profits to cover its total equity. This may raise red flags for potential investors and needs to be addressed by the company to ensure long-term sustainability.
Summary
Investors looking to evaluate Greentree Hospitality‘s performance for the second quarter of FY2023 can take note of the company’s 9.3% decrease in total revenue compared to the same quarter of the previous year. Despite this decline, net income saw an impressive 138.0% increase year over year, reaching CNY 124.4 million. Overall, these results indicate that Greentree Hospitality has maintained strong profitability despite declining revenue. This could be a promising sign for investors looking to invest in the company in the future.
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