Cango Inc. (CANG) Income Statement Analysis

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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)

Industry: Auto - Dealerships

Sector: Consumer Cyclical

Website: https://www.cangoonline.com

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) CEO Jiayuan Lin on Q1 2021 Results - Earnings Call Transcript

June 1, 2021seekingalpha.com

Cango Inc (CANG) CEO Jiayuan Lin on Q1 2021 Results - Earnings Call Transcript

Cango Inc. Reports First Quarter 2021 Unaudited Financial Results

May 31, 2021prnewswire.com

SHANGHAI, May 31, 2021 /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 2021. First Quarter 2021 Financial and Operational...

Cango Inc. to Report First Quarter 2021 Financial Results on May 31, 2021 Eastern Time

May 24, 2021prnewswire.com

SHANGHAI, May 24, 2021 /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 2021 financial results after the market closes on...

Cango: The Rapidly Growing, Under-The-Radar SaaS Auto-Tech Stock With Triple-Digit Return Potential

May 17, 2021seekingalpha.com

Cango has built a proprietary Software-as-a-Service (SaaS) automotive transaction service platform that creates an end-to-end self-reinforcing ecosystem. Revenue has grown at 40% annually over the last five years, yet, the company is trading at a market cap that's only slightly...

Cango Inc. Filed Its Annual Report on Form 20-F

April 27, 2021prnewswire.com

SHANGHAI, April 27, 2021 /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,...

Cango's Subsidiary Forms Strategic Cooperation with Zhengzhou Nissan

April 20, 2021prnewswire.com

SHANGHAI, April 20, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its subsidiary Shanghai Cango Network Technology Co., Ltd. ("Cango Network Technology") has entered into a strategic agreement with...

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3 Companies With Upcoming Special Dividends as of March

March 18, 2021gurufocus.com

According to the Upcoming Special Dividends page, a Premium feature of GuruFocus, three companies that are due to pay a lump sum dividend over the next few weeks are Cango Inc. (NYSE:CANG), Sixth Street Specialty Lending Inc. (NYSE:TSLX) and Natures...