Cango Inc. (CANG) Misses Q1 EPS by 8c, Revenues Beat
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Cango Inc. Reports First Quarter 2020 Unaudited Financial Results
May 27, 2020 4:30 PM EDTSHANGHAI, May 27, 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 first quarter of 2020.
First Quarter 2020 Financial and Operational Highlights
Total revenues were RMB246.0 million (US$34.7 million) compared with RMB351.7 million in the same period of 2019, mainly due to the worldwide outbreak of the COVID-19 pandemic, which has severely disrupted the domestic automotive industry. After-market services facilitation revenues increased to RMB49.1 million (US$6.9 million), or... More