Total revenues decreased by 22.5% year over year to RMB357.0 million (US$50.9 million)[1]. Income from operations was RMB106.4 million (US$15.2 million)[1] compared to RMB137.8 million for the third quarter of 2023. Net income was RMB65.2 million (US$9.3 million)[1] compared to RMB117.4 million for the third quarter of 2023. Adjusted EBITDA (non-GAAP)[2] decreased 32.1% year over year to RMB122.5million (US$17.5 million)[1]. Core net income (non-GAAP)[3] decreased 26.6% year over year to RMB93.5million (US$13.3 million)[1]. SHANGHAI, Nov. 21, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ('GreenTree', the 'Company', 'we', 'us' and 'our'), a leading hospitality and restaurant management group in China, today announced its unaudited financial results for the third quarter of 2024.