See more : Aguas Andinas S.A. (AGUAS-A.SN) 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. (CANG) Q3 2023 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q3 2023 Results Conference Call November 27, 2023 8:00 PM ET Company Participants Jiayuan Lin - CEO Yongyi Zhang - CFO Operator Good morning and good evening, everyone. Welcome to Cango Inc's Third Quarter 2023 Earnings...
Cango Inc. Reports Third Quarter 2023 Unaudited Financial Results
SHANGHAI , Nov. 27, 2023 /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 2023. Third Quarter 2023 Financial and Operational...
Cango Inc. to Report Third Quarter 2023 Financial Results on November 27, 2023 Eastern Time
SHANGHAI , Nov. 21, 2023 /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 2023 financial results after the market closes...
Cango Inc. (CANG) Q2 2023 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q2 2023 Results Conference Call August 23, 2023 9:00 PM ET Company Participants Jiayuan Lin - CEO Yongyi Zhang - CFO Conference Call Participants Sophia Xu - Goldman Sachs Operator Good morning, and good evening, everyone....
Cango Inc. Reports Second Quarter 2023 Unaudited Financial Results
SHANGHAI , Aug. 23, 2023 /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 2023. Second Quarter 2023 Financial and...
Cango Inc. to Report Second Quarter 2023 Financial Results on August 23, 2023 Eastern Time
SHANGHAI , Aug. 18, 2023 /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 2023 financial results after the market closes...
Cango Inc. (CANG) Q4 2022 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q4 2022 Results Conference Call March 9, 2023 8:00 PM ET Company Participants Jiayuan Lin - CEO Michael Zhang - CFO Conference Call Participants Shelley Wang - Morgan Stanley Operator Good morning, and good evening, everyone....
Cango Inc. (CANG) Q3 2022 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q3 2022 Earnings Conference Call November 29, 2022 8:00 PM ET Corporate Participants Jiayuan Lin - Chief Executive Officer Michael Zhang - Chief Financial Officer Conference Call Participants Shelley Wang - Morgan Stanley Sophia Xu -...
Cango Inc. to Report Third Quarter 2022 Financial Results on November 29, 2022 Eastern Time
SHANGHAI , Nov. 23, 2022 /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 2022 financial results after the market closes...
Why Cango Stock Was Soaring Earlier Today
The stock's high dividend yield comes with a risky proposition.
Source: https://incomestatements.info
Category: Stock Reports