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Stock impact report

Cango Inc. Reports Second Quarter 2022 Unaudited Financial Results

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: PR Newswire
SHANGHAI, Aug. 29, 2022 /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 2022.Second Quarter 2022 Financial and Operational HighlightsTotal revenues were RMB289.2 million (US$43.2 million), compared with RMB946.7 million in the same period of 2021. Car trading transactions revenues were RMB218.6 million (US$32.6 million), or 75.6% of total revenues in the second quarter of 2022, compared with RMB522.5 million in the same period of 2021.The total outstanding balance of financing transactions the Company facilitated was RMB36,594.4 million (US$5,463.4 million) as of June 30, 2022. M1+ and M3+ overdue ratios for all financing transactions that remained outstanding and were facilitated by the Company were 2.21% and 1.07%, respectively, as of June 30, 2022, compared with 1.76% and 0.80%, respectively, as of March 31, 2022."Cango Haoche" pl Show less Read more
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