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Green Hotel: Total revenue in 2020 9.3 billion，Q4 revenue is nearly 300 million

Author of this article: Zhitong Finance 2021-04-16

The same period last year was 10.9.2 billion 188bet online sports betting;Net profit is 2.4.5 billion 188bet online sports betting。

April 15，According to Zhitong Finance APP，Green Hotel(GHG.US) announces fourth quarter and full-year results for 2020。Data display，The company’s total Q4 revenue is 2.89.8 billion 188bet online sports betting (RMB，The same below)，The same period last year was 2.89.4 billion 188bet online sports betting;Net profit is 7947.970,000 188bet online sports betting，The same period last year was 7454.180,000 188bet online sports betting;Basic and diluted earnings per ADS are 0.83 188bet online sports betting，The same period last year was 0.75 188bet online sports betting。

Fourth Quarter，Revenue from leasing and operating hotels is 7611.300,000 188bet online sports betting，The same period last year was 6855.340,000 188bet online sports betting;Franchised and managed hotel revenue is 2.0.7 billion 188bet online sports betting，The same period last year was 2.1.7 billion 188bet online sports betting;Other revenue is 642.080,000 188bet online sports betting，368 in the same period last year.850,000 188bet online sports betting。

As of December 31, 2020，A total of 4340 188bet online sports betting in operation，315335 hotel rooms。As of September 30, 2020，A total of 4195 188bet online sports betting in operation，305125 hotel rooms。

Fourth Quarter，The company opened 203 new 188bet online sports betting，13 more than the 190 in the fourth quarter of 2019。Among these newly opened 188bet online sports betting，3 luxury 188bet online sports betting，29 mid- to high-end 188bet online sports betting，141 mid-range 188bet online sports betting，30 budget 188bet online sports betting。The company closed 58 188bet online sports betting，8 of them due to brand upgrade、35 companies because they do not meet the company’s brand and operation standards、The remaining 15 are closed due to property issues。

Fourth Quarter，The average daily room rate (ADR) of all operating hotels is 162 188bet online sports betting，Decreased by 3 year-on-year.6%，Monthly increase of 7.3%。Occupancy rate (OCC) of all operating hotels is 76.7%，76 in the fourth quarter of 2019.4%，79 in the third quarter of 2020.1%。

Data display，The company’s total annual revenue is 9.3 billion 188bet online sports betting，The same period last year was 10.9.2 billion 188bet online sports betting;Net profit is 2.4.5 billion 188bet online sports betting，The same period last year was 4.3.8 billion 188bet online sports betting;Basic and diluted earnings per ADS 2.54 188bet online sports betting，The same period last year was 4.34 188bet online sports betting。

Full Year 2020，The company opened 538 new 188bet online sports betting，Decreased by 11 from 607 in 2019.4%。Among these newly opened 188bet online sports betting，5 luxury 188bet online sports betting，109 mid- to high-end 188bet online sports betting，308 mid-range 188bet online sports betting，116 budget 188bet online sports betting。From a geographical point of view，33 188bet online sports betting located in first-tier cities in China，120 stores located in second-tier cities，The remaining 385 are located in third-tier and other cities。

2020，Company closed 155 188bet online sports betting，21 of them due to brand upgrade、89 companies did not meet the company’s brand and operating standards、The remaining 45 are closed due to property issues。

2020，The average daily room rate (ADR) of all operating hotels is 152 188bet online sports betting，Decreased by 9 year-on-year.6%。Occupancy rate (OCC) of all operating hotels is 68.7%，The occupancy rate for the whole of 2019 was 77.8%。

The company expects total revenue to increase by 48%-53% year-on-year in 2021。

*Source of this article: Zhitong Finance, original title: "Green Hotel(GHG.US)Q4 total revenue 2.89.8 billion 188bet online sports betting，Net profit 7947.970,000 188bet online sports betting》.

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Green Hotel 2020 Financial Report