See more : Aramex PJSC (ARMX.AE) Income Statement Analysis – Financial Results
Complete financial analysis of Cango Inc. (CANG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cango Inc., a leading company in the Auto – Dealerships industry within the Consumer Cyclical sector.
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Cango Inc. (CANG)
About Cango Inc.
Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.70B | 1.98B | 3.92B | 2.05B | 1.44B | 1.09B | 1.05B | 434.28M |
| Cost of Revenue | 1.51B | 1.83B | 2.96B | 1.10B | 539.27M | 434.35M | 386.05M | 170.04M |
| Gross Profit | 190.06M | 150.36M | 963.71M | 954.31M | 900.80M | 657.06M | 666.15M | 264.24M |
| Gross Profit Ratio | 11.17% | 7.59% | 24.57% | 46.50% | 62.55% | 60.20% | 63.31% | 60.84% |
| Research & Development | 30.11M | 45.96M | 70.28M | 62.60M | 57.41M | 46.71M | 19.42M | 5.00M |
| General & Administrative | 156.97M | 299.55M | 473.93M | 267.96M | 270.81M | 151.08M | 101.28M | 35.29M |
| Selling & Marketing | 38.92M | 132.78M | 239.33M | 195.89M | 192.81M | 167.24M | 114.15M | 39.54M |
| SG&A | 195.89M | 432.32M | 713.26M | 463.85M | 463.62M | 318.32M | 215.42M | 74.83M |
| Other Expenses | 37.80M | 619.22M | 203.42M | 109.56M | 56.48M | 32.70M | 379.27K | 8.43M |
| Operating Expenses | 263.81M | 1.10B | 986.96M | 636.01M | 577.51M | 380.34M | 180.69M | 79.83M |
| Cost & Expenses | 1.78B | 2.93B | 3.94B | 1.73B | 1.12B | 814.69M | 566.75M | 249.87M |
| Interest Income | 79.16M | 43.73M | 50.37M | 72.81M | 96.00M | 61.47M | 16.16M | 4.10M |
| Interest Expense | 4.10M | 16.81M | 14.48M | 2.76M | 13.46M | 19.01M | 12.99M | 449.69K |
| Depreciation & Amortization | 18.64M | 17.49M | 8.51M | 9.54M | 10.47M | 7.19M | 2.97M | 1.50M |
| EBITDA | 78.33M | -947.14M | 35.30M | 439.40M | 511.74M | 422.21M | 484.43M | 186.65M |
| EBITDA Ratio | 4.60% | -43.11% | 1.59% | 21.41% | 34.45% | 37.89% | 48.45% | 43.39% |
| Operating Income | -73.75M | -947.14M | 53.91M | 429.86M | 485.67M | 276.72M | 470.02M | 184.41M |
| Operating Income Ratio | -4.33% | -47.82% | 1.37% | 20.94% | 33.73% | 25.35% | 44.67% | 42.46% |
| Total Other Income/Expenses | 129.33M | 72.63M | 35.56M | 3.42B | 2.15M | 119.29M | -1.56M | 2.09M |
| Income Before Tax | 55.58M | -874.51M | 12.31M | 3.74B | 487.82M | 396.01M | 468.46M | 186.50M |
| Income Before Tax Ratio | 3.27% | -44.16% | 0.31% | 182.38% | 33.87% | 36.28% | 44.52% | 42.94% |
| Income Tax Expense | 93.46M | 236.70M | 20.85M | 369.85M | 82.96M | 89.08M | 119.40M | 53.01M |
| Net Income | -37.87M | -1.11B | -8.54M | 3.37B | 390.91M | 302.69M | 341.01M | 128.91M |
| Net Income Ratio | -2.23% | -56.11% | -0.22% | 164.17% | 27.15% | 27.73% | 32.41% | 29.68% |
| EPS | -0.31 | -8.11 | -0.06 | 22.42 | 5.17 | 2.00 | 2.30 | 0.87 |
| EPS Diluted | -0.31 | -8.11 | -0.06 | 22.18 | 5.17 | 2.00 | 2.30 | 0.87 |
| Weighted Avg Shares Out | 121.52M | 137.04M | 144.95M | 150.24M | 75.59M | 151.40M | 147.95M | 147.95M |
| Weighted Avg Shares Out (Dil) | 121.52M | 137.04M | 144.95M | 151.95M | 75.59M | 151.40M | 147.95M | 147.95M |
Cango Inc. Announces November 2024 Production Update for Crypto Mining Business
SHANGHAI , Dec. 5, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in November 2024. As previously announced by the...
Cango Inc. Announces Change of Independent Registered Public Accounting Firm
SHANGHAI , Nov. 18, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced the appointment of MaloneBailey, LLP ("MaloneBailey") as the Company's independent registered public accounting firm for...
Cango Inc. Completes Cash-Settled Acquisitions of Crypto Mining Assets
SHANGHAI , Nov. 15, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it has completed the previously announced acquisition of on-rack crypto mining machines with an...
Cango Inc. Announces Agreements to Acquire Crypto Mining Assets
SHANGHAI , Nov. 6, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it has entered into agreements to purchase on-rack crypto mining machines with an aggregate...
Cango Inc. (CANG) Q3 2024 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q3 2024 Earnings Conference Call November 4, 2024 8:00 PM ET Company Participants Jiayuan Lin - Founder and CEO Ruiyan - Finance Director Conference Call Participants Emerson Zhao - Goldman Sachs Pingyue Wu - CITIC Securities...
Cango Inc. Reports Third Quarter 2024 Unaudited Financial Results
SHANGHAI , Nov. 4, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Financial and...
Cango Inc. to Report Third Quarter 2024 Financial Results on November 4, 2024 Eastern Time
SHANGHAI , Oct. 31, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its third quarter 2024 financial results after the market closes on Monday,...
Cango Inc. (CANG) Q2 2024 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q2 2024 Earnings Conference Call August 30, 2024 9:00 PM ET Company Participants Jiayuan Lin - CEO Yongyi Zhang - CFO Conference Call Participants Operator Good morning, and good evening, everyone. Welcome to Cango Inc.'s Second...
Cango Inc. Reports Second Quarter 2024 Unaudited Financial Results
SHANGHAI , Aug. 29, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Financial and...
Cango Inc. to Report Second Quarter 2024 Financial Results on August 29, 2024 Eastern Time
SHANGHAI , Aug. 23, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its second quarter 2024 financial results after the market closes on Thursday,...
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