GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Total revenues increased by 3.2% year over year to RMB372.2 million (US$52.4 million)[1]. Income from operations was RMB23.1 million (US$3.2 million) compared to RMB-5.1 million for the fourth quarter of 2022 . Net income was RMB7.4 million (US$1.0 million) compared to RMB-3.8 million for…