Cango Inc. (CANG) Reports Q4 EPS of $0.09 on Revenues of $63M

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Go back to Cango Inc. (CANG) Reports Q4 EPS of $0.09 on Revenues of $63M

Cango Inc. Reports Fourth Quarter and Full Year 2019 Unaudited Financial Results

March 23, 2020 4:30 PM EDT

SHANGHAI, March 23, 2020 /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 2019.

Fourth Quarter 2019 Financial and Operational Highlights

Total revenues increased by 36.6% to RMB438.5 million (US$63.0 million) from RMB321.1 million in the same period of 2018, outperforming the high end of the Company's guidance by 9.6%. After-market services facilitation revenues increased to RMB89.6 million (US$12.9 million), or 20.4% of total revenues in the fourth... More