GreenTree Hospitality Group Ltd. (GHG) Q3 2024 Earnings Call Transcript

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GreenTree Hospitality Group Ltd. (NYSE:GHG) Q3 2024 Results Conference Call November 21, 2024 8:00 AM ET

Company Participants

Rene Vanguestaine – IR
Alex Xu – Chairman and CEO
Selina Yang – Chief Financial Officer

Conference Call Participants

Betty Du – UBS
Lewen Liu – China Securities

Operator

Good day and welcome to the GreenTree Hospitality Group Third Quarter 2024 Financial Results Conference Call. [Operator Instructions]

Please note today’s event is being recorded. I would now like to turn the conference over to Rene Vanguestaine. Please go ahead.

Rene Vanguestaine

Thank you, Rocco. Hello, everyone, and thank you for joining us. GreenTree’s earnings release was distributed earlier today and is available on our IR website at ir.998.com as well as on a PR Newswire services. As a reminder, we also posted a PowerPoint presentation that accompanies our comments to the same IR website.

On the call from GreenTree are Mr. Alex Xu, Chairman and Chief Executive Officer; and Ms. Selina Yang, Chief Financial Officer. Mr. Xu will present the company’s performance overview for the third quarter of 2024, and Ms. Yang will then discuss financials and guidance. They will be available to answer your questions during the Q&A session, which follows.

Before we begin, I’d like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as may, will, expects, anticipates, aims, future, intends, plans, believes, estimates, continue, target, is or are likely to, going forward, confident, outlook and similar statements.

Any statements that are not historical facts, including statements about the company and its industry, are forward-looking statements. Such statements are based upon management’s current expectations

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