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

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

Cango Inc. Reports Second Quarter 2018 Unaudited Financial Results

August 30, 2018 4:30 PM EDT

SHANGHAI, Aug. 30, 2018 /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 2018.

Financial and Operational Highlights

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... More