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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. (CANG) Q1 2024 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q1 2024 Earnings Conference Call June 12, 2024 9:00 AM ET Company Participants Jiayuan Lin - CEO Yongyi Zhang - CFO Conference Call Participants Pingyue Wu - Citic Securities Operator Good morning, and good evening, everyone....
Cango Inc. Reports First Quarter 2024 Unaudited Financial Results
SHANGHAI , June 12, 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 first quarter of 2024. First Quarter 2024 Financial and...
Cango Inc. to Report First Quarter 2024 Financial Results on June 12, 2024 Eastern Time
SHANGHAI , June 7, 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 first quarter 2024 financial results after the market closes on Wednesday,...
Cango Inc. Filed Its Annual Report on Form 20-F
SHANGHAI , April 26, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with...
Cango Inc. Announces Up to US$50 Million New Share Repurchase Program
SHANGHAI, April 23, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the "New Share Repurchase Program")...
Cango Inc. (CANG) Q4 2023 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q4 2023 Earnings Conference Call March 11, 2024 9:00 PM ET Company Participants Jiayuan Lin - CEO Yongyi Zhang - CFO Conference Call Participants Pingyue Wu - Citic Securities Operator Good morning and good evening, everyone....
Cango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results
SHANGHAI , March 11, 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 fourth quarter and full year of 2023. Fourth Quarter...
Cango Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024 Eastern Time
SHANGHAI , March 5, 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 fourth quarter and full year 2023 financial results after the...
Cango Announces Strategic Partnership with Caocao Mobility for Next-Generation Smart Mobility Ecosystem
SHANGHAI , Jan. 26, 2024 /PRNewswire/ -- On January 17, 2024, Caocao Mobility and Cango embarked on a strategic partnership in smart mobility to explore areas including new car sales, used car transactions, financing services, and mobility offerings, marking the occasion...
NaaS and CANGO Jointly Release the "Initiative on Sustainability of Enterprise-Community Integration in the Middle East"
DUBAI , UAE, Dec. 12, 2023 /PRNewswire/ -- In the era of globalization, companies play an important role in helping solving social problems, and promoting social progress and sustainability while creating economic value. In this sense, it is an important...
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