XML 39 R2.htm IDEA: XBRL DOCUMENT v3.22.1
STATEMENTS OF CONSOLIDATED BALANCE SHEETS
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 298,428,709 $ 46,829,977 ¥ 611,358,209
Restricted cash 3,300,000 517,842  
Short-term investments 557,458,675 87,477,431 301,983,182
Investments in equity securities 157,988,851 24,791,898 242,378,696
Accounts receivable, net of allowance for doubtful accounts of RMB12,489,562 and RMB3,429,201 (USD538,1176) as of December 31, 2020 and 2021 respectively 95,589,936 15,000,147 101,511,057
Amounts due from related parties 310,419,860 48,711,650 9,770,871
Prepaid rent 15,454,967 2,425,222 13,597,867
Inventories 2,297,584 360,541 3,804,680
Other current assets 142,737,163 22,398,576 77,649,794
Loans receivable, net 247,530,580 38,842,950 222,244,629
Total current assets 1,831,206,325 287,356,234 1,584,298,985
Restricted cash 18,869,900 2,961,099 22,369,900
Long-term time deposits 160,000,000 25,107,491 490,000,000
Loans receivable, net 290,967,680 45,659,178 145,703,988
Property and equipment, net 1,045,356,265 164,039,209 668,605,661
Intangible assets, net 520,117,479 81,617,782 491,513,073
Goodwill 120,819,948 18,959,286 100,231,487
Long-term investments 188,790,785 29,625,394 369,525,917
Other assets 329,366,340 51,684,766 66,635,394
Deferred tax assets 161,565,839 25,353,206 156,070,112
TOTAL ASSETS 4,667,060,561 732,363,645 4,094,954,517
Current liabilities:      
Short-term bank loans 356,000,000 55,864,168 150,000,000
Long-term bank loans, current portion 50,200,000 7,877,475  
Accounts payable 24,036,544 3,771,858 19,606,344
Advance from customers 39,773,738 6,241,367 34,305,508
Amounts due to related parties 9,530,627 1,495,563 3,198,253
Salary and welfare payable 60,154,565 9,439,564 51,567,587
Deferred rent 1,926,957 302,382 1,356,132
Deferred revenue 215,147,975 33,761,412 221,314,997
Accrued expenses and other current liabilities 381,282,062 59,831,476 300,696,673
Income tax payable 70,897,366 11,125,344 87,483,970
Dividends payable 40,999,458 6,433,710  
Total current liabilities 1,249,949,292 196,144,319 869,529,464
Deferred rent 68,842,692 10,802,921 28,642,973
Deferred revenue 314,472,488 49,347,596 361,901,369
Long-term loans, non current portion 301,800,000 47,359,006  
Other long-term liabilities 132,046,925 20,721,044 115,862,713
Deferred tax liabilities 228,201,745 35,809,834 178,413,413
Unrecognized tax benefits 328,820,281 51,599,077 290,679,902
Total liabilities 2,624,133,423 411,783,797 1,845,029,834
Commitments and contingencies
Shareholders' equity:      
Additional paid-in capital 1,151,384,306 180,677,323 1,149,280,404
Retained earnings 326,298,618 51,203,374 570,042,924
Accumulated other comprehensive income 41,880,907 6,572,028 45,586,647
Total GreenTree Hospitality Group Ltd. shareholders' equity 1,857,685,111 291,511,332 2,103,031,255
Noncontrolling interests 185,242,027 29,068,516 146,893,428
Total shareholders' equity 2,042,927,138 320,579,848 2,249,924,683
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,667,060,561 732,363,645 4,094,954,517
Common Class A      
Shareholders' equity:      
Ordinary shares, value 222,587,070 34,928,768 222,587,070
Common Class B      
Shareholders' equity:      
Ordinary shares, value ¥ 115,534,210 $ 18,129,839 ¥ 115,534,210