Brief: Greentree Hospitality Group Ltd Reports Fourth Quarter And Fiscal Year 2020 Financial Results

GreenTree Hospitality

15/04/2021 02:00

April 14 (Reuters) - GreenTree Hospitality Group Ltd
 GHG.N :
    * REPORTS FOURTH QUARTER AND FISCAL YEAR 2020 FINANCIAL
RESULTS
    * Q4 REVENUE ROSE 0.1 PERCENT TO RMB 289.8 MILLION
    * EARNINGS PER ADS (BASIC AND DILUTED) FOR Q4 WAS RMB0.83
(US$0.13)
    * GREENTREE HOSPITALITY- TOTAL OF 4340 HOTELS WITH 315335
HOTEL
ROOMS WERE IN OPERATION AS OF DEC 31 VERSUS 4195 HOTELS AND
305125 HOTEL ROOMS AS OF SEPT 30
    * GREENTREE HOSPITALITY - EXPECTS AN INCREASE IN TOTAL
REVENUES OF
48%-53% FOR FY 2021, COMPARED TO 2020
    * GREENTREE HOSPITALITY - EXPECTS INCREASE IN TOTAL REVENUES
OF
25%-30% FOR THE FULL YEAR 2021, COMPARED TO 2019
    * Q4 CORE NET INCOME PER ADS (BASIC AND DILUTED) (NON-GAAP)
WAS
RMB1.06 (US$0.16)
    * GREENTREE HOSPITALITY - SO FAR IN 2020, CO'S OPERATIONS
ARE IN
LINE WITH PREVIOUS FORECAST
    * HAS SET GUIDANCE ASSUMING THE PANDEMIC REMAINS UNDER
CONTROL IN
CHINA IN FURTHER QUARTERS

Source text for Eikon:  ID:nPn5vzbWLa 
Further company coverage:  GHG.N 

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