Cango Inc. (CANG) Reports Q3 Loss of $0.42/sh

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Go back to Cango Inc. (CANG) Reports Q3 Loss of $0.42/sh

Cango Inc. Reports Third Quarter 2021 Unaudited Financial Results

November 22, 2021 4:30 PM EST

SHANGHAI, Nov. 22, 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 third quarter of 2021.

Third Quarter 2021 Financial and Operational Highlights

Total revenues were RMB800.6 million (US$124.3 million), an 84.1% increase from RMB434.9 million in the same period of 2020, outperforming the high end of the Company's guidance by 6.8%. The increase was mainly driven by the increased amounts of both financing transactions the Company facilitated and car trading transactions in the third... More