Cango Key Executives
This section highlights Cango's key executives, including their titles and compensation details.
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Cango Earnings
This section highlights Cango's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-06 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-05 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-30 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-06-13 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-12 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-28 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-24 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-06-09 | N/A | N/A |
Financial Statements
Access annual & quarterly financial statements for Cango, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $804.49M | $1.70B | $1.98B | $3.92B | $2.05B |
| Cost of Revenue | $359.51M | $1.51B | $1.83B | $2.96B | $1.10B |
| Gross Profit | $444.97M | $190.06M | $150.36M | $963.71M | $954.31M |
| Gross Profit Ratio | 55.31% | 11.17% | 7.59% | 24.57% | 46.50% |
| Research and Development Expenses | $5.47M | $30.11M | $45.96M | $70.28M | $62.60M |
| General and Administrative Expenses | $250.16M | $156.97M | $299.55M | $473.93M | $267.96M |
| Selling and Marketing Expenses | $13.10M | $38.92M | $132.78M | $239.33M | $195.89M |
| Selling General and Administrative Expenses | $263.26M | $195.89M | $432.32M | $713.26M | $463.85M |
| Other Expenses | $-2.65M | $37.80M | $619.22M | $203.42M | $109.56M |
| Operating Expenses | $266.08M | $263.81M | $1.10B | $986.96M | $636.01M |
| Cost and Expenses | $625.59M | $1.78B | $2.93B | $3.94B | $1.73B |
| Interest Income | $- | $79.16M | $43.73M | $50.37M | $72.81M |
| Interest Expense | $- | $4.10M | $16.81M | $14.48M | $2.76M |
| Depreciation and Amortization | $6.67M | $18.64M | $17.49M | $8.51M | $9.54M |
| EBITDA | $182.91M | $78.33M | $-947.14M | $35.30M | $439.40M |
| EBITDA Ratio | 22.74% | 4.60% | -47.82% | 0.90% | 21.41% |
| Operating Income | $178.89M | $-73.75M | $-947.14M | $53.91M | $429.86M |
| Operating Income Ratio | 22.24% | -4.33% | -47.82% | 1.37% | 20.94% |
| Total Other Income Expenses Net | $122.24M | $129.33M | $72.63M | $35.56M | $3.42B |
| Income Before Tax | $301.14M | $55.58M | $-874.51M | $12.31M | $3.74B |
| Income Before Tax Ratio | 37.43% | 3.27% | -44.16% | 0.31% | 182.38% |
| Income Tax Expense | $1.32M | $93.46M | $236.70M | $20.85M | $369.85M |
| Net Income | $299.82M | $-37.87M | $-1.11B | $-8.54M | $3.37B |
| Net Income Ratio | 37.27% | -2.23% | -56.11% | -0.22% | 164.17% |
| EPS | $5.16 | $-0.31 | $-8.11 | $-0.06 | $22.43 |
| EPS Diluted | $5.14 | $-0.31 | $-8.11 | $-0.06 | $22.18 |
| Weighted Average Shares Outstanding | 116.21M | 121.52M | 137.04M | 144.95M | 151.95M |
| Weighted Average Shares Outstanding Diluted | 116.52M | 121.52M | 137.04M | 144.95M | 151.95M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $668.03M | $26.95M | $45.08M | $64.42M | $130.24M | $353.64M | $675.43M | $542.61M | $487.12M | $416.45M | $289.19M | $787.69M | $1.05B | $800.63M | $946.75M | $1.12B | $1.10B | $434.95M | $274.05M | $246.00M |
| Cost of Revenue | $484.43M | $23.26M | $26.53M | $29.06M | $110.88M | $304.64M | $615.83M | $480.52M | $481.74M | $388.70M | $272.66M | $686.98M | $880.67M | $610.51M | $697.79M | $769.05M | $723.83M | $180.87M | $102.82M | $90.60M |
| Gross Profit | $183.60M | $3.69M | $18.55M | $35.36M | $19.36M | $49.00M | $59.60M | $62.10M | $5.37M | $27.75M | $16.53M | $100.71M | $169.88M | $190.13M | $248.96M | $354.74M | $373.59M | $254.08M | $171.24M | $155.40M |
| Gross Profit Ratio | 27.48% | 13.70% | 41.16% | 54.89% | 14.86% | 13.86% | 8.82% | 11.44% | 1.10% | 6.66% | 5.72% | 12.79% | 16.17% | 23.75% | 26.30% | 31.57% | 34.04% | 58.42% | 62.48% | 63.17% |
| Research and Development Expenses | $1.27M | $1.42M | $1.67M | $1.10M | $7.27M | $6.99M | $7.75M | $8.10M | $8.44M | $10.17M | $12.86M | $14.49M | $23.62M | $17.42M | $15.64M | $13.59M | $22.99M | $14.15M | $12.90M | $12.56M |
| General and Administrative Expenses | $127.87M | $45.20M | $39.17M | $37.92M | $45.65M | $34.68M | $36.83M | $38.18M | $66.18M | $142.77M | $177.81M | $149.80M | $170.70M | $119.54M | $100.56M | $83.13M | $90.08M | $52.15M | $66.04M | $134.30M |
| Selling and Marketing Expenses | $2.19M | $3.38M | $3.99M | $3.55M | $4.38M | $9.85M | $12.15M | $12.54M | $19.25M | $17.89M | $41.80M | $53.85M | $73.81M | $46.79M | $60.89M | $57.84M | $65.83M | $41.85M | $42.44M | $45.77M |
| Selling General and Administrative Expenses | $130.06M | $48.57M | $43.16M | $41.47M | $50.02M | $44.54M | $48.99M | $50.72M | $85.43M | $160.65M | $219.61M | $203.65M | $244.51M | $166.34M | $161.45M | $140.97M | $155.91M | $94.01M | $108.48M | $180.07M |
| Other Expenses | $29.74M | $-81.54M | $-73.25M | $297.16K | $-22.07M | $21.66M | $3.04M | $-48.55M | $123.09M | $49.26M | $138.20M | $71.66M | $5.25M | $25.36M | $7.37M | $-2.68M | $15.09M | $8.00M | $6.79M | $18.42M |
| Operating Expenses | $161.07M | $-31.54M | $-28.42M | $-38.79M | $26.11M | $-11.88M | $68.53M | $10.27M | $216.96M | $220.09M | $370.67M | $289.79M | $326.90M | $229.13M | $235.72M | $195.20M | $175.16M | $119.56M | $104.57M | $236.72M |
| Cost and Expenses | $645.50M | $-8.28M | $-1.90M | $-9.73M | $136.99M | $292.76M | $684.36M | $490.78M | $698.70M | $608.79M | $643.33M | $976.77M | $1.21B | $839.64M | $933.51M | $964.25M | $898.99M | $300.43M | $207.39M | $327.32M |
| Interest Income | $- | $25.74M | $33.75M | $16.50M | $20.18M | $19.48M | $20.72M | $18.78M | $16.61M | $14.62M | $7.15M | $5.35M | $13.15M | $14.85M | $4.13M | $18.24M | $12.12M | $9.88M | $21.68M | $29.13M |
| Interest Expense | $- | $- | $- | $- | $- | $153.09K | $1.65M | $2.29M | $5.12M | $3.11M | $4.25M | $4.34M | $5.35M | $8.32M | $234.27K | $578.97K | $508.08K | $513.62K | $369.64K | $1.37M |
| Depreciation and Amortization | $1.67M | $29.40M | $37.04M | $43.28K | $1.67M | $1.37M | $1.37M | $1.37M | $1.37M | $1.98M | $1.98M | $1.98M | $1.98M | $2.29M | $2.29M | $2.29M | $2.29M | $2.49M | $2.49M | $2.49M |
| EBITDA | $53.93M | $64.64M | $78.37M | $60.80M | $-1.24M | $-40.09M | $14.83M | $51.58M | $-184.90M | $-105.40M | $-339.33M | $-149.37M | $-138.62M | $-446.33M | $51.43M | $175.10M | $225.65M | $152.39M | $26.23M | $-33.77M |
| EBITDA Ratio | 8.07% | 239.82% | 173.85% | 94.38% | -0.95% | -11.34% | 2.20% | 9.51% | -37.96% | -25.31% | -117.34% | -18.96% | -13.20% | -55.75% | 5.43% | 15.58% | 20.56% | 35.04% | 9.57% | -13.73% |
| Operating Income | $22.53M | $35.24M | $46.98M | $74.15M | $-28.87M | $-87.78M | $-8.93M | $51.83M | $-211.59M | $-192.34M | $-354.14M | $-189.08M | $-157.02M | $-39.01M | $13.24M | $159.54M | $198.44M | $134.52M | $66.67M | $-81.32M |
| Operating Income Ratio | 3.37% | 130.73% | 104.20% | 115.10% | -22.17% | -24.82% | -1.32% | 9.55% | -43.44% | -46.19% | -122.46% | -24.00% | -14.95% | -4.87% | 1.40% | 14.20% | 18.08% | 30.93% | 24.33% | -33.06% |
| Total Other Income Expenses Net | $33.53M | $29.40M | $31.40M | $27.92M | $27.63M | $47.54M | $30.60M | $23.56M | $23.66M | $22.68M | $10.56M | $15.73M | $269.25M | $-415.70M | $613.74M | $-431.74M | $1.51B | $1.84B | $28.72M | $42.12M |
| Income Before Tax | $56.06M | $64.64M | $78.37M | $102.07M | $-1.24M | $-40.24M | $21.67M | $75.39M | $-187.92M | $-169.66M | $-343.58M | $-173.35M | $112.23M | $-454.70M | $626.98M | $-272.20M | $1.71B | $1.98B | $95.38M | $-39.20M |
| Income Before Tax Ratio | 8.39% | 239.82% | 173.85% | 158.44% | -0.95% | -11.38% | 3.21% | 13.89% | -38.58% | -40.74% | -118.81% | -22.01% | 10.68% | -56.79% | 66.22% | -24.22% | 155.75% | 454.73% | 34.80% | -15.93% |
| Income Tax Expense | $169.97K | $-3.24M | $-7.65M | $12.04M | $102.54M | $8.85M | $-14.56M | $-3.37M | $371.02M | $-39.34M | $-57.79M | $-37.19M | $-11.90M | $-38.17M | $69.24M | $1.67M | $140.76M | $208.45M | $25.15M | $-4.51M |
| Net Income | $55.89M | $67.88M | $86.02M | $90.03M | $-103.78M | $-49.09M | $36.23M | $78.77M | $-558.94M | $-130.33M | $-285.78M | $-136.16M | $124.13M | $-416.54M | $557.74M | $-273.87M | $1.57B | $1.77B | $70.23M | $-38.33M |
| Net Income Ratio | 8.37% | 251.84% | 190.82% | 139.74% | -79.68% | -13.88% | 5.36% | 14.52% | -114.74% | -31.29% | -98.82% | -17.29% | 11.82% | -52.03% | 58.91% | -24.37% | 142.92% | 406.74% | 25.63% | -15.58% |
| EPS | $0.96 | $0.60 | $0.83 | $0.85 | $-0.95 | $-0.46 | $0.27 | $0.58 | $-4.13 | $-0.96 | $-2.08 | $-0.98 | $0.88 | $-2.88 | $3.85 | $-1.84 | $10.48 | $11.82 | $0.47 | $-0.26 |
| EPS Diluted | $0.96 | $0.60 | $0.76 | $0.80 | $-0.95 | $-0.45 | $0.26 | $0.56 | $-4.13 | $-0.96 | $-2.08 | $-0.98 | $0.87 | $-2.88 | $3.76 | $-1.84 | $10.39 | $11.78 | $0.47 | $-0.25 |
| Weighted Average Shares Outstanding | 116.43M | 113.19M | 113.19M | 112.53M | 109.10M | 106.71M | 139.33M | 140.65M | 135.30M | 135.76M | 137.40M | 138.94M | 142.11M | 144.47M | 148.33M | 148.84M | 150.95M | 150.18M | 150.61M | 147.43M |
| Weighted Average Shares Outstanding Diluted | 116.49M | 113.66M | 113.66M | 112.79M | 109.10M | 109.59M | 138.37M | 140.23M | 135.30M | 136.44M | 137.61M | 139.23M | 142.11M | 144.47M | 148.58M | 149.22M | 150.82M | 150.19M | 150.82M | 150.97M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.29B | $1.02B | $378.92M | $1.43B | $1.43B |
| Short Term Investments | $1.23B | $635.07M | $1.94B | $2.60B | $4.34B |
| Cash and Short Term Investments | $2.52B | $1.66B | $2.32B | $4.03B | $5.77B |
| Net Receivables | $77.40M | $465.40M | $1.57B | $2.47B | $2.55B |
| Inventory | $- | $- | $- | $61.29M | $9.69M |
| Other Current Assets | $859.91M | $1.76B | $1.58B | $1.22B | $583.27M |
| Total Current Assets | $3.46B | $3.88B | $5.47B | $7.61B | $8.90B |
| Property Plant Equipment Net | $1.82B | $55.39M | $95.42M | $19.55M | $10.31M |
| Goodwill | $- | $- | $148.66M | $148.66M | $145.06M |
| Intangible Assets | $47.43M | $48.37M | $48.32M | $45.93M | $44.89M |
| Goodwill and Intangible Assets | $47.43M | $48.37M | $196.98M | $194.59M | $189.95M |
| Long Term Investments | $- | $- | $- | $1.52B | $1.74B |
| Tax Assets | $- | $- | $62.50M | $474.57M | $170.95M |
| Other Non-Current Assets | $644.05M | $660.82M | $1.19B | $1.13B | $1.14B |
| Total Non-Current Assets | $2.51B | $764.59M | $1.55B | $3.34B | $3.25B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $5.97B | $4.65B | $7.02B | $10.95B | $12.15B |
| Account Payables | $2.16M | $23.80M | $25.04M | $4.00M | $5.09M |
| Short Term Debt | $132.50M | $47.60M | $924.36M | $1.52B | $1.58B |
| Tax Payables | $314.02M | $321.17M | $313.41M | $481.85M | $87.13M |
| Deferred Revenue | $31.60M | $- | $568.27M | $403.67M | $136.89M |
| Other Current Liabilities | $1.35B | $385.17M | $1.27B | $1.41B | $780.47M |
| Total Current Liabilities | $1.83B | $777.74M | $2.53B | $3.42B | $2.46B |
| Long Term Debt | $37.04M | $42.94M | $152.40M | $486.37M | $977.79M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $10.72M | $51.47M | $330.77M |
| Other Non-Current Liabilities | $10.74M | $10.95M | $11.04M | $52.46M | $335.64M |
| Total Non-Current Liabilities | $47.79M | $53.89M | $163.44M | $538.83M | $1.31B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $1.88B | $831.63M | $2.69B | $3.96B | $3.77B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $199.09K | $204.26K | $204.26K | $204.26K | $204.26K |
| Retained Earnings | $-35.81M | $-335.63M | $9.11M | $2.99B | $3.96B |
| Accumulated Other Comprehensive Income Loss | $152.88M | $111.85M | $66.36M | $-187.52M | $-115.39M |
| Other Total Stockholders Equity | $3.97B | $4.04B | $4.25B | $4.19B | $4.54B |
| Total Stockholders Equity | $4.09B | $3.82B | $4.32B | $6.99B | $8.38B |
| Total Equity | $4.09B | $3.82B | $4.32B | $6.99B | $8.38B |
| Total Liabilities and Stockholders Equity | $5.97B | $4.65B | $7.02B | $10.95B | $12.15B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.97B | $4.65B | $7.02B | $10.95B | $12.15B |
| Total Investments | $1.23B | $635.07M | $1.94B | $2.60B | $4.34B |
| Total Debt | $169.54M | $90.54M | $1.08B | $2.00B | $2.56B |
| Net Debt | $-1.12B | $-930.06M | $697.84M | $569.36M | $1.14B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.29B | $691.82M | $949.45M | $1.16B | $1.02B | $665.59M | $589.45M | $696.56M | $378.92M | $744.96M | $1.28B | $2.14B | $1.43B | $906.43M | $1.50B | $1.63B | $1.43B | $1.42B | $2.01B | $2.74B |
| Short Term Investments | $1.23B | $3.08B | $2.74B | $2.32B | $635.07M | $2.43B | $2.06B | $2.02B | $1.94B | $2.70B | $2.12B | $1.87B | $2.60B | $3.59B | $3.13B | $2.63B | $4.34B | $1.14B | $835.05M | $741.54M |
| Cash and Short Term Investments | $2.52B | $3.77B | $3.69B | $3.48B | $1.66B | $3.10B | $2.65B | $2.71B | $2.32B | $3.44B | $3.40B | $4.01B | $4.03B | $4.49B | $4.63B | $4.26B | $5.77B | $2.56B | $2.85B | $3.48B |
| Net Receivables | $77.40M | $137.12M | $183.98M | $319.77M | $435.87M | $615.92M | $1.01B | $1.33B | $1.57B | $1.66B | $2.02B | $2.24B | $2.47B | $2.52B | $2.59B | $2.72B | $2.55B | $2.16B | $1.73B | $1.81B |
| Inventory | $- | $- | $- | $13.74M | $1.68B | $15.80M | $26.68M | $38.86M | $- | $- | $- | $- | $61.29M | $102.55M | $34.77M | $63.16M | $9.69M | $26.38M | $484.33M | $689.98M |
| Other Current Assets | $859.91M | $42.77M | $90.82M | $99.79M | $108.13M | $293.56M | $736.47M | $1.28B | $1.58B | $1.01B | $738.57M | $687.89M | $1.22B | $741.12M | $931.34M | $690.69M | $583.27M | $319.66M | $584.19M | $779.94M |
| Total Current Assets | $3.46B | $3.95B | $3.96B | $3.91B | $3.88B | $4.03B | $4.41B | $5.36B | $5.47B | $6.11B | $6.15B | $6.94B | $7.61B | $7.85B | $8.18B | $7.67B | $8.90B | $5.05B | $5.16B | $6.07B |
| Property Plant Equipment Net | $1.82B | $49.40M | $52.14M | $55.17M | $55.39M | $82.89M | $87.18M | $91.90M | $95.42M | $16.02M | $17.36M | $18.92M | $19.55M | $19.91M | $21.03M | $20.34M | $10.31M | $13.21M | $12.99M | $13.16M |
| Goodwill | $- | $- | $- | $- | $- | $- | $148.66M | $148.66M | $148.66M | $148.66M | $148.66M | $148.66M | $148.66M | $148.66M | $145.06M | $145.06M | $145.06M | $145.06M | $145.06M | $145.06M |
| Intangible Assets | $47.43M | $47.63M | $47.87M | $- | $48.37M | $47.86M | $48.01M | $48.12M | $48.32M | $46.97M | $45.66M | $45.86M | $45.93M | $45.70M | $44.68M | $44.78M | $44.89M | $44.76M | $44.57M | $44.67M |
| Goodwill and Intangible Assets | $47.43M | $47.63M | $47.87M | $48.11M | $48.37M | $47.86M | $196.67M | $196.78M | $196.98M | $195.63M | $194.32M | $194.52M | $194.59M | $194.36M | $189.75M | $189.84M | $189.95M | $189.82M | $189.63M | $189.73M |
| Long Term Investments | $- | $- | $- | $- | $- | $113.17M | $178.45M | $- | $- | $- | $- | $- | $1.52B | $1.53B | $1.66B | $1.68B | $1.74B | $2.31B | $551.51M | $554.01M |
| Tax Assets | $- | $- | $- | $- | $- | $139.74M | $137.21M | $119.20M | $62.50M | $624.24M | $579.39M | $512.18M | $474.57M | $424.26M | $374.77M | $325.03M | $170.95M | $158.13M | $135.80M | $131.80M |
| Other Non-Current Assets | $644.05M | $475.68M | $504.31M | $565.47M | $660.82M | $600.26M | $619.11M | $971.54M | $1.19B | $1.45B | $1.80B | $2.26B | $1.13B | $1.22B | $1.27B | $1.36B | $1.14B | $2.46B | $1.95B | $2.18B |
| Total Non-Current Assets | $2.51B | $572.72M | $604.32M | $668.74M | $764.59M | $983.91M | $1.22B | $1.38B | $1.55B | $2.28B | $2.59B | $2.98B | $3.34B | $3.38B | $3.52B | $3.58B | $3.25B | $5.14B | $2.84B | $3.07B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.97B | $4.53B | $4.56B | $4.58B | $4.65B | $5.01B | $5.63B | $6.74B | $7.02B | $8.39B | $8.74B | $9.92B | $10.95B | $11.24B | $11.70B | $11.25B | $12.15B | $10.19B | $8.00B | $9.14B |
| Account Payables | $2.16M | $- | $- | $- | $23.80M | $- | $- | $- | $25.04M | $- | $- | $- | $4.00M | $- | $- | $- | $5.09M | $- | $- | $- |
| Short Term Debt | $132.50M | $8.66M | $8.25M | $36.19M | $47.60M | $96.15M | $358.77M | $743.97M | $924.36M | $939.18M | $1.11B | $1.13B | $1.52B | $2.00B | $1.90B | $1.56B | $1.58B | $1.68B | $1.88B | $2.54B |
| Tax Payables | $314.02M | $311.24M | $314.35M | $323.34M | $321.17M | $347.88M | $339.58M | $337.02M | $313.41M | $328.49M | $322.91M | $488.49M | $481.85M | $371.91M | $388.78M | $389.59M | $87.13M | $40.34M | $34.70M | $59.17M |
| Deferred Revenue | $31.60M | $20.64M | $-314.35M | $55.96M | $138.32M | $128.33M | $178.33M | $234.20M | $568.27M | $- | $- | $- | $403.67M | $- | $- | $- | $136.89M | $- | $- | $- |
| Other Current Liabilities | $1.35B | $164.50M | $241.52M | $310.63M | $385.17M | $530.04M | $857.71M | $1.42B | $1.27B | $912.71M | $978.04M | $992.58M | $1.41B | $1.15B | $995.06M | $1.39B | $780.47M | $588.62M | $488.01M | $541.19M |
| Total Current Liabilities | $1.83B | $505.04M | $564.12M | $670.16M | $777.74M | $974.07M | $1.56B | $2.51B | $2.53B | $2.18B | $2.41B | $2.62B | $3.42B | $3.52B | $3.29B | $3.34B | $2.46B | $2.30B | $2.41B | $3.14B |
| Long Term Debt | $37.04M | $39.85M | $42.51M | $42.69M | $42.94M | $68.51M | $72.40M | $125.31M | $152.40M | $125.62M | $273.59M | $454.39M | $486.37M | $638.45M | $836.81M | $818.69M | $977.79M | $706.77M | $301.71M | $485.25M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $10.72M | $- | $10.72M | $10.72M | $10.72M | $10.72M | $10.72M | $10.72M | $10.72M | $10.72M | $10.72M | $51.47M | $125.51M | $171.71M | $149.18M | $330.77M | $232.16M | $21.12M | $14.39M |
| Other Non-Current Liabilities | $10.74M | $140.04K | $10.87M | $10.87M | $10.95M | $11.07M | $11.00M | $305.42K | $11.04M | $188.57M | $188.70M | $11.60M | $52.46M | $127.11M | $174.18M | $152.73M | $335.64M | $239.23M | $31.94M | $28.05M |
| Total Non-Current Liabilities | $47.79M | $50.71M | $53.38M | $53.56M | $53.89M | $79.58M | $83.40M | $136.34M | $163.44M | $314.20M | $462.29M | $465.99M | $538.83M | $765.55M | $1.01B | $971.42M | $1.31B | $946.00M | $333.65M | $513.30M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.88B | $555.75M | $617.50M | $723.72M | $831.63M | $1.05B | $1.64B | $2.64B | $2.69B | $2.49B | $2.87B | $3.08B | $3.96B | $4.29B | $4.30B | $4.32B | $3.77B | $3.25B | $2.74B | $3.65B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $199.09K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K | $204.26K |
| Retained Earnings | $-35.81M | $-91.70M | $-159.58M | $-245.60M | $-335.63M | $-231.85M | $-182.76M | $-218.99M | $9.11M | $1.53B | $1.66B | $2.86B | $2.99B | $2.87B | $3.28B | $2.73B | $3.96B | $2.39B | $617.74M | $814.18M |
| Accumulated Other Comprehensive Income Loss | $152.88M | $98.80M | $140.58M | $132.74M | $111.85M | $146.20M | $138.39M | $60.34M | $66.36M | $110.88M | $-30.73M | $-203.80M | $-187.52M | $-153.21M | $-147.25M | $-105.10M | $-115.39M | $37.36M | $142.66M | $148.11M |
| Other Total Stockholders Equity | $3.97B | $3.96B | $3.97B | $3.97B | $4.04B | $4.04B | $4.04B | $4.26B | $4.25B | $4.26B | $4.24B | $4.19B | $4.19B | $4.24B | $4.27B | $4.31B | $4.54B | $4.51B | $4.50B | $4.52B |
| Total Stockholders Equity | $4.09B | $3.97B | $3.95B | $3.86B | $3.82B | $3.96B | $3.99B | $4.10B | $4.32B | $5.89B | $5.87B | $6.84B | $6.99B | $6.95B | $7.40B | $6.93B | $8.38B | $6.93B | $5.26B | $5.48B |
| Total Equity | $4.09B | $3.97B | $3.95B | $3.86B | $3.82B | $3.96B | $3.99B | $4.10B | $4.32B | $5.89B | $5.87B | $6.84B | $6.99B | $6.95B | $7.40B | $6.93B | $8.38B | $6.93B | $5.26B | $5.48B |
| Total Liabilities and Stockholders Equity | $5.97B | $4.53B | $4.56B | $4.58B | $4.65B | $5.01B | $5.63B | $6.74B | $7.02B | $8.39B | $8.74B | $9.92B | $10.95B | $11.24B | $11.70B | $11.25B | $12.15B | $10.19B | $8.00B | $9.14B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $211.41K | $211.41K |
| Total Liabilities and Total Equity | $5.97B | $4.53B | $4.56B | $4.58B | $4.65B | $5.01B | $5.63B | $6.74B | $7.02B | $8.39B | $8.74B | $9.92B | $10.95B | $11.24B | $11.70B | $11.25B | $12.15B | $10.19B | $8.00B | $9.14B |
| Total Investments | $1.23B | $3.08B | $2.74B | $2.32B | $635.07M | $2.43B | $2.06B | $2.02B | $1.94B | $2.70B | $2.12B | $1.87B | $2.60B | $3.59B | $3.13B | $2.63B | $4.34B | $3.45B | $1.39B | $1.30B |
| Total Debt | $169.54M | $48.51M | $50.76M | $78.89M | $90.54M | $164.66M | $431.16M | $869.28M | $1.08B | $1.06B | $1.38B | $1.59B | $2.00B | $2.64B | $2.74B | $2.38B | $2.56B | $2.38B | $2.19B | $3.03B |
| Net Debt | $-1.12B | $-643.31M | $-898.69M | $-1.08B | $-930.06M | $-500.93M | $-158.28M | $172.72M | $697.84M | $319.84M | $103.62M | $-548.21M | $569.36M | $1.73B | $1.24B | $748.96M | $1.14B | $959.12M | $175.49M | $285.58M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $299.82M | $-37.87M | $-1.11B | $-8.54M | $3.37B |
| Depreciation and Amortization | $- | $18.64M | $17.49M | $8.51M | $9.54M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $17.11M | $38.49M | $158.52M | $87.63M | $78.75M |
| Change in Working Capital | $- | $1.09B | $-633.54M | $-341.60M | $-1.13B |
| Accounts Receivables | $453.57M | $668.84M | $608.26M | $-757.44M | $-606.68M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- |
| Other Working Capital | $-166.61M | $423.02M | $-1.24B | $415.84M | $-526.80M |
| Other Non Cash Items | $-627.13M | $-85.09M | $1.00B | $-150.40M | $-2.95B |
| Net Cash Provided by Operating Activities | $-310.20M | $1.03B | $-567.39M | $-404.39M | $-621.61M |
| Investments in Property Plant and Equipment | $- | $-1.78M | $-4.62M | $-18.92M | $-5.36M |
| Acquisitions Net | $- | $- | $- | $1.71M | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-1.25B | $2.13B | $1.96B | $2.68B | $-488.20M |
| Net Cash Used for Investing Activities | $-1.25B | $2.12B | $1.96B | $2.66B | $-493.56M |
| Debt Repayment | $-39.07M | $-949.60M | $-1.02B | $-554.83M | $-46.47M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-90.91M | $-246.88M | $-105.84M | $-444.40M | $-49.22M |
| Dividends Paid | $- | $- | $-1.87B | $-955.44M | $-267.21M |
| Other Financing Activities | $2.60M | $2.71M | $7.04M | $8.24M | $-17.92M |
| Net Cash Used Provided by Financing Activities | $-127.38M | $-1.19B | $-2.99B | $-1.95B | $-380.82M |
| Effect of Forex Changes on Cash | $-12.99M | $48.90M | $270.27M | $-15.01M | $-36.09M |
| Net Change in Cash | $-1.70B | $2.01B | $-1.33B | $295.39M | $-1.53B |
| Cash at End of Period | $1.59B | $3.29B | $1.28B | $2.61B | $2.31B |
| Cash at Beginning of Period | $3.29B | $1.28B | $2.61B | $2.31B | $3.85B |
| Operating Cash Flow | $-310.20M | $1.03B | $-567.39M | $-404.39M | $-621.61M |
| Capital Expenditure | $-928.78M | $-1.78M | $-4.62M | $-18.92M | $-5.36M |
| Free Cash Flow | $-1.24B | $1.02B | $-572.01M | $-423.31M | $-626.97M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $55.89M | $67.88M | $86.02M | $90.03M | $-103.78M | $-49.09M | $36.23M | $78.77M | $-558.94M | $-130.33M | $-285.78M | $-136.16M | $124.13M | $-416.54M | $557.74M | $-273.87M | $1.57B | $1.77B | $70.23M | $-38.33M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $3.30M | $3.41M | $4.69M | $5.72M | $4.59M | $7.86M | $11.98M | $14.06M | $19.08M | $20.37M | $96.22M | $22.85M | $23.19M | $24.01M | $20.52M | $19.91M | $19.49M | $13.85M | $22.10M | $23.32M |
| Change in Working Capital | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non Cash Items | $-59.19M | $-71.29M | $-90.71M | $-95.74M | $99.19M | $41.23M | $-48.21M | $-92.82M | $539.86M | $109.95M | $189.57M | $113.31M | $-147.32M | $392.53M | $-578.26M | $253.96M | $-1.59B | $-1.78B | $-92.33M | $15.01M |
| Net Cash Provided by Operating Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash at End of Period | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash at Beginning of Period | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Cash Flow | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
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.
$4.05
Stock Price
$420.34M
Market Cap
13
Employees
Shanghai, None
Location
Revenue (FY 2024)
$804.49M
-52.7% YoY
Net Income (FY 2024)
$299.82M
891.6% YoY
EPS (FY 2024)
$5.14
1758.1% YoY
Free Cash Flow (FY 2024)
$-1.24B
-221.0% YoY
Profitability
Gross Margin
55.3%
Net Margin
37.3%
ROE
7.3%
ROA
5.0%
Valuation
P/E Ratio
12.45
P/S Ratio
4.64
EV/EBITDA
14.28
Market Cap
$420.34M
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$-310.20M
-130.2% YoY
Free Cash Flow
$-1.24B
-221.0% YoY
Balance Sheet Summary
Total Assets
$5.97B
28.4% YoY
Total Debt
$169.54M
87.3% YoY
Shareholder Equity
$4.09B
12.0% YoY
Dividend Overview
$0.98
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2022-11-25 | $0.98 | November 25, 22 |
| 2022-06-16 | $1.00 | June 16, 22 |
| 2021-03-19 | $1.00 | March 19, 21 |
| 2020-05-01 | $0.25 | May 01, 20 |
| 2019-05-09 | $0.25 | May 09, 19 |
Cango Dividends
Explore Cango's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
-0.33x
Cango Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.98 | $0.98 | November 25, 2022 | October 24, 2022 | October 11, 2022 | |
| $1 | $0.98 | June 16, 2022 | May 25, 2022 | April 22, 2022 | |
| $1 | $0.98 | March 19, 2021 | March 22, 2021 | April 08, 2021 | March 11, 2021 |
| $0.25 | $0.25 | May 01, 2020 | May 04, 2020 | May 18, 2020 | April 22, 2020 |
| $0.25 | $0.25 | May 09, 2019 | May 10, 2019 | May 28, 2019 | April 23, 2019 |
Cango News
Read the latest news about Cango, including recent articles, headlines, and updates.
Cango Inc. Gains Positive Outlook with Initiation of Coverage by Apollo Insights
SHANGHAI , April 29, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, announced the initiation of coverage by Apollo Insights, an independent equity research firm. Apollo Insights initiated coverage on Cango on April 22, 2025, following the release of its equity research report and investment thesis titled "Cango Catapults Into Bitcoin Mining".
Cango Inc. Achieves 12% Growth in Bitcoin Production for March 2025
SHANGHAI , April 7, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, announced its production update for its crypto mining business for March 2025, highlighting significant growth in Bitcoin production. In March 2025, Cango produced a total of 530.1 Bitcoins, representing a 12% increase compared to 472.7 Bitcoins produced in February 2025.
Cango Inc. Announces Definitive Agreements to Dispose PRC Business
SHANGHAI , April 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into definitive agreements to sell its existing business in the PRC (the "PRC Business") to Ursalpha Digital Limited, a company incorporated under the laws of British Virgin Islands (the "Purchaser"), for a total consideration of approximately US$351.94 million in cash (with initial payment of approximately US$210.64 million on the closing date and the remaining amount to be paid subject to the Company's fulfillment of certain tax filing and payment obligations and in quarterly installments based on reduction in the credit risk exposure, as of February 28, 2025, of the legal entities sold to the Purchaser due to outstanding balance of loans facilitated and financing leasing originated by these entities) (the "PRC Business Disposal"). The Company announced on March 14, 2025 that it received a preliminary non-binding letter of intent (the "Letter of Intent") from Enduring Wealth Capital Limited ("EWCL"), which proposed the acquisition of control of the Company by EWCL and the disposal of the Company's PRC Business to a buyer introduced by EWCL.
Cango Inc. Announces March 2025 Production Update for Crypto Mining Business
SHANGHAI , April 1, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in March 2025. Bitcoin Mining Update for March 2025 Metrics Mar 2025 1 Feb 2025 1 Number of Bitcoins produced 530.1 472.7 Average number of Bitcoins produced per day 17.1 16.9 Total number of Bitcoins held 2 2,474.8 1,944.7 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 30.3 EH/s 29.7 EH/s 1.
Cango Inc. Presents Key Highlights of Its Filed Annual Report
SHANGHAI , March 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG), a rapidly expanding leader in Bitcoin mining, today announced key highlights from its filed annual report, marked by a successful pivot towards cryptocurrency mining and significant operational milestones, including securing its position as the third-largest publicly traded miner globally and a 400% year-over-year revenue increase. Fourth Quarter & Full Year 2024 Financial Performance The Company achieved total revenues of RMB668.0 million (US$91.5 million) in Q4 2024, reflecting a 400% year-over-year increase.
Cango Inc. Filed Its Annual Report on Form 20-F
SHANGHAI , March 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on March 27, 2025, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at ir.cangoonline.com or the SEC's website at www.sec.gov.
Cango Inc. Announces Extension of Deadline to Close Share-Settled Crypto Mining Assets Acquisitions
SHANGHAI , March 26, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced an extension of the deadline to close its proposed acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second ("EH") through issuance of Class A ordinary shares of the Company to the sellers (the "Share-Settled Transactions"). The Company announced signing of the On-Rack Sales and Purchase Agreement (the "Purchase Agreement") for the Share-Settled Transactions on November 6, 2024, which contemplated closing of the Share-Settled Transactions by March 31, 2025 (the "Long Stop Date").
Cango Inc. Joins Bitwise Bitcoin Standard Corporations ETF
SHANGHAI , March 18, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
Cango Inc. Announces Receipt of a Preliminary Non-Binding Letter of Intent and Formation of Special Committee
SHANGHAI , March 14, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that its Board of Directors (the "Board") recently received a preliminary non-binding letter of intent (the "Letter of Intent") from Enduring Wealth Capital Limited, a company established in the British Virgin Islands ("EWCL") expressing its non-binding intent to obtain control of the Company through the following proposed transactions: (i) EWCL proposes to acquire 10,000,000 Class B ordinary shares of the Company from the Company's co-founders, Mr. Xiaojun Zhang and Mr.
Cango Inc. Announces Up to US$30 Million New Share Repurchase Program
SHANGHAI , March 13, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced that its board of directors has authorized a new share repurchase program (the "New Share Repurchase Program") under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from, April 25, 2025. The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, in accordance with applicable rules and regulations.
Cango Inc. (CANG) Q4 2024 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q4 2024 Results Earnings Conference Call March 6, 2025 8:00 PM ET Company Participants Jiayuan Lin - Founder and Chief Executive Officer Yongyi Zhang - Chief Financial Officer Conference Call Participants Pingyue Wu - CITIC Securities Emerson Zhao - Goldman Sachs Ming Zi Cai - Minsheng Securities Operator Good morning and good evening, everyone. Welcome to Cango, Inc.'s fourth quarter and full year 2024 earnings conference call.
Cango Inc. Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results
SHANGHAI , March 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced its unaudited financial results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Financial and Operational Highlights Total revenues were RMB668.0 million (US$91.5 million), a substantial increase from RMB130.2 million in the same period of 2023.
Cango Inc. Announces February 2025 Production Update for Crypto Mining Business
SHANGHAI , March 3, 2025 /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 February 2025. Bitcoin Mining Update for February 2025 Metrics Feb 2025 1 Jan 2025 1 Number of Bitcoins produced 472.7 538.2 Average number of Bitcoins produced per day 16.9 17.4 Total number of Bitcoins held 2 1,944.7 1,472.0 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 29.7 EH/s 30.1 EH/s 1.
Cango Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on March 6, 2025 Eastern Time
SHANGHAI , Feb. 28, 2025 /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 2024 financial results after the market closes on Thursday, March 6, 2025. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com.
Cango Inc. Announces January 2025 Production Update for Crypto Mining Business
SHANGHAI , Feb. 5, 2025 /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 January 2025. Bitcoin Mining Update for January 2025 Metrics Jan 2025 1 Dec 2024 1 Number of Bitcoins produced 538.2 569.9 Average number of Bitcoins produced per day 17.4 18.4 Total number of Bitcoins held 2 1,472.0 933.8 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 30.1 EH/s 30.4 EH/s 1.
Cango Inc. Announces December 2024 Production Update for Crypto Mining Business
SHANGHAI , Jan. 2, 2025 /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 December 2024. Bitcoin Mining Update for December 2024 Metrics Dec 2024 1 Nov 2024 1 Number of Bitcoins produced 569.9 363.9 Average number of Bitcoins produced per day 18.4 18.9 Total number of Bitcoins held 2 933.8 363.9 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 30.4 EH/s 29.8 EH/s 1.
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 Company on November 19, 2024, the Company has completed the acquisition of on-rack crypto mining machines with an aggregate hashrate of 32 Exahash per second ("EH") for a total purchase price of US$256 million in cash (the "Cash-Settled Transaction") from a leading manufacturer of digital currency mining servers.
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 the year ending December 31, 2024 and on the effectiveness of the Company's internal control over financial reporting as of December 31, 2024, effective on November 18, 2024. MaloneBailey succeeds Ernst & Young Hua Ming LLP ("EY"), which was the independent auditor providing audit services to the Company.
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 aggregate hashrate of 32 Exahash per second ("EH") for a total purchase price of US$256 million in cash (the "Cash-Settled Transaction") from Bitmain Technologies Georgia Limited and Bitmain Development Limited (together, "Bitmain"), a leading manufacturer of digital currency mining servers. The Company announced the Cash-Settled Transaction on November 6, 2024, together with its proposed acquisition of on-rack crypto mining machines with an aggregate hashrate of 18 EH from Golden TechGen Limited and certain other sellers for a total purchase price of approximately US$144 million, which will be paid through issuance of shares to the sellers by the Company (the "Share-Settled Transactions" and together with the Cash-Settled Transaction, the "Proposed Transactions").
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 hashrate of 50 Exahash per second ("EH") for total considerations valued at approximately US$400 million from a group of sellers. The largest seller will be Bitmain Technologies Georgia Limited and Bitmain Development Limited (together, "Bitmain"), a leading manufacturer of digital currency mining servers, and the Company has agreed to purchase from Bitmain on-rack crypto mining machines with an aggregate hashrate of 32EH for a total purchase price of US$256 million in cash (the "Cash-Settled Transaction").
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 Operator Good morning, and good evening, everyone. Welcome to Cango Inc.'s Third Quarter 2024 Earnings Conference Call.
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 Operational Highlights Total revenues were RMB27.0 million (US$3.8 million), compared with RMB353.6 million in the same period of 2023.
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, November 4, 2024. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.
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 Quarter 2024 Earnings Conference Call.
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 Operational Highlights Total revenues were RMB45.1 million (US$6.2 million), compared with RMB675.4 million in the same period of 2023.
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, August 29, 2024. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.
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