Cango Inc. (CANG) Misses Q4 EPS by 5c

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Go back to Cango Inc. (CANG) Misses Q4 EPS by 5c

Cango Inc. Reports Fourth Quarter and Full Year 2021 Unaudited Financial Results

March 10, 2022 4:30 PM EST

SHANGHAI, March 10, 2022 /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 2021.

Fourth Quarter 2021 Financial and Operational Highlights

Total revenues were RMB1,050.5 million (US$164.9 million), compared with RMB1,097.4 million in the same period of 2020, outperforming the high end of the Company's guidance by 5.1%. Car trading transactions revenues were RMB703.9 million (US$110.5 million), or 67.0% of total revenues in the fourth quarter of 2021, a 28.7% increase from... More