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Stock impact report

Cango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results [Yahoo! Finance]

Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares (CANG) 
Last cango inc. american depositary shares, each representing two (2) class a ordinary shares earnings: 3/23 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
China , today announced its unaudited financial results for the fourth quarter and full year of 2023. Fourth Quarter 2023 Financial and Operational Highlights Total revenues were RMB130.2 million US$18.3 million ), compared with RMB487.1 million in the same period of 2022. The total outstanding balance of financing transactions the Company facilitated was RMB10.0 billion US$1.4 billion ) as of December 31, 2023 . M1+ and M3+ overdue ratios for all financing transactions that remained outstanding and were facilitated by the Company were 2.66% and 1.37%, respectively, as of December 31, 2023 , compared with 2.42% and 1.24%, respectively, as of September 30, 2023 Total balance of cash and cash equivalents, short-term investments and restricted cash - current - bank deposits held for short-term investments were RMB 3.3 billion US$ 468.4 million ) as of December 31, 2023 . The liquidity improvement was primarily driven by the positive operating cashflow generated by the decreased wor Show less Read more
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