Cango Inc - ADR

Cango, Inc. is a holding company, which engages in the development and operation of automotive transaction service platform for connecting dealers, financial institutions, and car buyers. The firm's services cover each key component of the automotive transaction value chain, including pre-sale automobile trading solutions, during-sale automotive financing facilitation services, and post-sale after-market services facilitation. The company was founded by Jia Yuan Lin and Xiao Jun Zhang in August 2010 and is headquartered in Shanghai, China.

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Cango Inc reports robust Q1 earnings amidst strategic shifts

Cango Inc's Q1 performance reflects a strategic shift towards profitability and market expansion. While facing challenges in revenue growth and user engagement, the company holds strong financial positions and growth opportunities. By focusing on enhancing customer experience and product offerings, Cango Inc aims to drive growth and strengthen its market position.

Cango Inc reports solid Q2 earnings, eyes global market expansion

Cango Inc demonstrated resilience amidst automotive market challenges, maintaining solid financial performance and a strong cash position.
The company's strategic focus on cost control, risk management, and market expansion through digital platforms and partnerships is evident.
While facing revenue forecasts for Q3, Cango's emphasis on innovation and global market presence presents opportunities for future growth.

Cango Inc reports stable Q3 earnings, eyes global expansion opportunities

Cango Inc's Q3 2024 earnings call showcased stable financials, a focus on innovation, and strategic growth initiatives amidst market challenges and opportunities.
The company's strong user engagement, cash reserves, and plans for international expansion position it well for future success and market resilience.

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SHANGHAI, April 22, 2022 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced (i) the declaration of a special cash dividend, (ii) a new share repurchase program, and (iii) option grants to certain executive officers. Special Cash Dividend Cango's board of directors has approved and declared a special cash dividend of US$0.5 per ordinary share (or US$1 per American depository share) on its outstanding shares, to be paid on June 15, 2022  (Eastern Time) to shareholders of record as of the close of trading on May 25, 2022 (Eastern Time).

Cango Inc. Announces Certain Updates

Cango Inc.'s (CANG) CEO Jiayuan Lin on Q4 2021 Results - Earnings Call Transcript

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%.

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

SHANGHAI, March 8, 2022 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its fourth quarter and full year 2021 financial results after the market closes on Thursday, March 10, 2022. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.

Cango Inc. to Report Fourth Quarter and Full Year 2021 Financial Results on March 10, 2022 Eastern Time

SHANGHAI, Feb. 18, 2022 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that Cango received a "2021 Philanthropy Practice Award" at the 11th China Philanthropy Festival in recognition of the Company's outstanding performance in fulfilling its corporate social responsibilities. As a leader in corporate philanthropy, Cango's ongoing charitable initiatives focus on helping children in need, and include programs for orphaned children, children with disabilities and children living in poverty to promote their physical and mental health and intellectual development.

Cango Wins 2021 Philanthropy Practice Award

SHANGHAI, Jan. 24, 2022 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that Cango received Tonghuashun's Best IR Award for 2021, highlighting the Company's commitment to excellence and outstanding investor communications. With its premium content and active investor interactions, Cango persuasively defines its company value and brand image to maximize capital market recognition.

Cango Wins Tonghuashun Best IR Award

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SHANGHAI, Jan. 12, 2022 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that "Cango Haoche," its B2B WeChat mini program providing automobile dealers with one-stop transaction, logistics, finance, and insurance services, is gaining traction with dealers and driving sales thanks to its new vehicle display function. Cango Haoche is the cornerstone of Cango's automobile trading transaction business, an important growth engine for the Company as it evolves into a comprehensive automotive transaction service platform.

Cango Haoche's Display Function Drives Auto Sales

SHANGHAI, Dec. 21, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, received a "Best Investment Value for Listed Companies" award at the 11th China Securities Golden Bauhinia Awards. This prestigious award recognizes Cango's outstanding accomplishments, diverse business services and solid, comprehensive strength.

Cango Wins "Best Investment Value for Listed Companies" Golden Bauhinia Award

SHANGHAI, Dec. 7, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its participation in the 2021 China Automobile Dealers Industry Convention & Expo in Haikou, Hainan province, China from December 2-4, 2021. Hosted by the China Automobile Dealers Association, the convention brought Cango and other important industry participants together to analyze the current state of the auto industry and share their market insights and wisdom.

Cango Participates in 2021 China Automobile Dealers Industry Convention & Expo

Cango, Inc. (CANG) CEO Jiayuan Lin on Q3 2021 Results - Earnings Call Transcript

Cango (NYSE:CANG) reported its Q3 earnings results on Monday, November 22, 2021 at 04:30 PM. Here's what investors need to know about the announcement.

Recap: Cango Q3 Earnings

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%.

Cango Inc. Reports Third Quarter 2021 Unaudited Financial Results

SHANGHAI, Nov. 17, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its third quarter 2021 financial results after the market closes on Monday, November 22, 2021. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.

Cango Inc. to Report Third Quarter 2021 Financial Results on November 22, 2021 Eastern Time

SHANGHAI, Oct. 29, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight publication called "CANGO Auto View" to bring readers, drivers and passengers up to speed on the automobile market's emerging trends. Below is an article from the Company's 5th edition for September 2021.

CANGO Auto View: Auto Production and Sales Amid Worldwide Chip Shortage

SHANGHAI, Oct. 22, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight publication called "CANGO Auto View" to bring readers, drivers and passengers up to speed on the automobile market's emerging trends. Below is an article from the Company's 5th edition for September 2021.

CANGO Auto View: Worldwide Chip Shortage's Effects on the Auto Industry

SHANGHAI, Oct. 15, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight publication called "CANGO Auto View" to bring readers, drivers and passengers up to speed on the automobile market's emerging trends. Below is an article from the Company's 5th edition for September 2021.

CANGO Auto View: Synergies of the Traditional and Direct Sales Models

SHANGHAI, Oct. 8, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight publication called "CANGO Auto View" to bring readers, drivers and passengers up to speed on the automobile market's emerging trends. Below is an article from the Company's 5th edition for September 2021.

CANGO Auto View: New Energy Vehicles Driving Industry-Wide Changes

SHANGHAI, Oct. 1, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight publication called "CANGO Auto View" to bring readers, drivers and passengers up to speed on the automobile market's emerging trends. Below is an article from the Company's 5th edition for September 2021.

CANGO Auto View: China's Evolving Automobile Sales Model

Cango facilitates transactions through a technology-enabled service platform in China's automotive industry. The country's auto market is reviving and is set to be in a growth trajectory for quite some time.

Cango's Recent Moves Show Its Business Resilience

SHANGHAI, Sept. 3, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged.

CANGO Auto View: China's Burgeoning Autonomous Driving Market

SHANGHAI , Aug. 27, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 4th edition for June 2021.

CANGO Auto View: The Time for Automotive-Grade Chips is Now

Cango is a fast-growing lending company with cool growth trajectory and revenue growth acceleration compared to average historical growth rates. Cango has a stake in the promising hybrid car manufacturer - Li Auto.

Cango: An Undervalued Lender In A Booming Market

Cango Inc (CANG) CEO Jiayuan Lin on Q2 2021 Results - Earnings Call Transcript

The Cango Inc (NYSE: CANG) stock is up 7.54% at $3.85 in the premarket session on the last check Friday. The Chinese automotive transaction service platform clocked Q2 revenue growth of 245.5% year-on-year to $146.6 million (RMB946.7 million).

News for Cango Inc - ADR Stock (CANG)