Cango Inc. Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results
Cango Inc. Class A Ordinary Shares (CANG)
Last cango inc. class a ordinary shares earnings: 3/23 04:30 pm
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Source: PR Newswire
SHANGHAI, March 9, 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 fourth quarter and full year of 2022.Fourth Quarter 2022 Financial and Operational HighlightsTotal revenues were RMB487.1 million (US$70.6 million), compared with RMB1,050.5 million in the same period of 2021. Car trading transactions revenues were RMB431.1 million (US$62.5 million), or 88.5% of total revenues in the fourth quarter of 2022, compared with RMB703.9 million in the same period of 2021.The total outstanding balance of financing transactions the Company facilitated was RMB25,581.3 million (US$3,708.9 million) as of December 31, 2022. M1+ and M3+ overdue ratios for all financing transactions that remained outstanding and were facilitated by the Company were 2.61% and 1.38%, respectively, as of December 31, 2022, compared with 2.44% and 1.27%, respectively, as of Septembe
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CANG
News
- Cango Receives Buy Rating, Upbeat on its Asset-light Mining Model and AI PotentialPR Newswire
- Cango Receives Buy Rating, Upbeat on its Asset-light Mining Model and AI PotentialPR Newswire
- Cango Receives Buy Rating, Upbeat on its Asset-light Mining Model and AI PotentialPR Newswire
- Cango (NYSE:CANG) was upgraded by analysts at Greenridge Global to a "strong-buy" rating.MarketBeat
- Cango (NYSE:CANG) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
CANG
Earnings
- 12/1/25 - Beat
CANG
Sec Filings
- 12/22/25 - Form EFFECT
- 12/17/25 - Form F-3
- 12/2/25 - Form 6-K
- CANG's page on the SEC website