Cango Inc. (CANG) Tops Q2 EPS by 2c

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Go back to Cango Inc. (CANG) Tops Q2 EPS by 2c

Cango Inc. Reports Second Quarter 2020 Unaudited Financial Results

August 24, 2020 4:30 PM EDT

SHANGHAI, Aug. 24, 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 second quarter of 2020.

Second Quarter 2020 Financial and Operational Highlights

Total revenues were RMB274.1 million (US$38.8 million) compared with RMB336.3 million in the same period of 2019, mainly due to the impact of the COVID-19 pandemic, which has severely disrupted the domestic automotive industry. After-market services facilitation revenues increased to RMB52.5 million (US$7.4 million), or 19.1% of... More