Cango Inc. Reports Second Quarter 2018 Unaudited Financial Results

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Go back to Cango Inc. Reports Second Quarter 2018 Unaudited Financial Results

UPDATE: Cango Inc. (CANG) Reports Q2 EPS of $0.07 on Revenues of $35.7M

August 30, 2018 4:31 PM EDT

(Updated - August 30, 2018 4:33 PM EDT)

Cango Inc. (NYSE: CANG) reported Q2 EPS of $0.07. Revenue for the quarter came in at $35.7 million.

Total revenues in the second quarter of 2018 were RMB236.3 million (US$35.7 million).Net income in the second quarter of 2018 was RMB64.6 million (US$9.8 million). Net income per ADS in the second quarter of 2018 was RMB0.44 (US$0.07). Each ADS represents two of the Company's Class A ordinary shares.The number of dealers covered by the Company increased to 40,282 as of June 30, 2018, representing a year-over-year increase of... More