Cango Inc. (CANG) Reports Q4 EPS of $1.59, Revenues Beat

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Go back to Cango Inc. (CANG) Reports Q4 EPS of $1.59, Revenues Beat

Cango Inc. Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results

March 11, 2021 4:30 PM EST

SHANGHAI, March 11, 2021 /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 2020.

Fourth Quarter 2020 Financial and Operational Highlights

Total revenues were RMB1,097.4 million (US$168.2 million), a 150.2% increase from RMB438.5 million in the same period of 2019, outperforming the high end of the Company's guidance by 46.3%. The increase was mainly driven by the increased amounts of both financing... More