Cango Inc. Reports Third Quarter 2024 Unaudited Financial Results
Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares (CANG)
Last cango inc. american depositary shares, each representing two (2) class a ordinary shares earnings: 3/23 04:30 pm
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Source: PR Newswire
SHANGHAI, Nov. 4, 2024 /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 2024.Third Quarter 2024 Financial and Operational HighlightsTotal revenues were RMB27.0 million (US$3.8 million), compared with RMB353.6 million in the same period of 2023. Income from operations was RMB35.2 million (US$5.0 million) for the three months ended September 30, 2024, compared with a loss of RMB87.8 million in the same period last year. Net income was RMB67.9 million (US$9.7 million) for the three months ended September 30, 2024, compared with a loss of RMB49.1 million in the same period last year.The total outstanding balance of financing transactions the Company facilitated was RMB4.8 billion (US$685.7 million) as of September 30, 2024. Our credit risk exposure has decreased to a lower level, with only RMB1.7 billion (US$ 246.1 million) of outstanding
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CANG
Sec Filings
- 12/19/24 - Form 144
- 12/19/24 - Form 144
- 12/19/24 - Form 144
- CANG's page on the SEC website