See more : Aramis Group SAS (ARAMI.PA) 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. Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
SHANGHAI, March 11, 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 fourth quarter and full year of 2020. Fourth Quarter 2020...
Cango Inc. Declares Special Cash Dividend
SHANGHAI, March 11, 2021 /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 approved and declared a special cash dividend of US$1.00 per...
CANG Stock Price Increased 20.83%: Why It Happened
The stock price of Cango Inc. (NYSE: CANG) increased by 20.83%. This is why it happened.
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Cango Inc. to Participate in Upcoming January Conferences
SHANGHAI, Dec. 28, 2020 /PRNewswire/ -- Cango, Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its participation in the following conferences in January. Details of the conferences are as follows: Morgan...
Recap: Cango Q3 Earnings
Shares of Cango (NYSE:CANG) rose 23.45% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 1490.91% year over year to $1.75, which beat the estimate of $0.08.
Cango Inc. Reports Third Quarter 2020 Unaudited Financial Results
SHANGHAI, Nov. 23, 2020 /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 2020. Third Quarter 2020 Financial and Operational...
Cango Inc. (CANG) CEO Jiayuan Lin on Q2 2020 Results - Earnings Call Transcript
Cango Inc. (NYSE:CANG) Q2 2020 Earnings Conference Call August 24, 2020 09:00 PM ET Company Participants Jiayuan Lin - Chief Executive Officer Michael Zhang - Chief Financial Officer Conference Call Participants Shelley Wang - Morgan Stanley Presentation Operator Good morning,...
Cango (NYSE:CANG) Reaches New 1-Year Low at $4.20
Cango Inc – (NYSE:CANG)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $4.20 and last traded at $4.31, with a volume of 365 shares changing hands. The stock had previously...
Cango Inc - (NYSE:CANG) Given Average Rating of "Hold" by Analysts
Shares of Cango Inc – (NYSE:CANG) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Cango’s...
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Category: Stock Reports