China's GreenTree Q2 revenue hit by weak hotel demand; sets $5 bln buyback plan
GHG•Key reported figures
| Metric | Actual |
|---|---|
| H1 Revenue | RMB 462.8 million |
| Q2 Revenue | RMB 235.1 million |
| Q2 Core Non-GAAP Net Income | RMB 47.2 million |
Buyback plan and outlook
The company approved a share repurchase program of up to $5 million.
GreenTree still expects 2026 hotel revenue to decrease by 10% to 15% year over year.
Demand and closures weigh on hotel and restaurant results
Hotel revenue fell because of a 9.1% drop in RevPAR and the net closure of 13 leased-and-operated hotels since Q2 2025.
Restaurant revenue fell 33.5% year over year, mainly because of a 20.3% decrease in average daily sales and the net closure of 2 leased-and-operated stores.
Lower staff, depreciation, and rental costs from hotel and restaurant closures helped offset the revenue decline and support profitability.
