Annonce • Nov 25
Cango Inc. to Report Q3, 2025 Results on Dec 01, 2025 Cango Inc. announced that they will report Q3, 2025 results After-Market on Dec 01, 2025 Annonce • Sep 05
Cango Inc. Announced Impairment Results for the Second Quarter Ended June 30, 2025 Cango Inc. announced impairment results for the second quarter ended June 30, 2025. For the period, Impairment loss from mining machines in the second quarter of 2025 was RMB 1.8 billion (USD 256.9 million). Annonce • Sep 02
Cango Inc. to Report Q2, 2025 Results on Sep 04, 2025 Cango Inc. announced that they will report Q2, 2025 results After-Market on Sep 04, 2025 Annonce • Jun 28
Cango Inc. (NYSE:CANG) completed the acquisition of On-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second from Golden TechGen Limited, Fortune Peak Limited and Silver Crest Limited for approximately $620 million. Cango Inc. (NYSE:CANG) entered into a Sales and Purchase Agreement to acquire On-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second from Golden TechGen Limited, Fortune Peak Limited and Silver Crest Limited on November 6, 2024. As for the consideration, Cango Inc. agreed to issue 146,670,925 Class A ordinary shares to multiple sellers in exchange for crypto mining machines totaling 18 Exahash per second of capacity. The transaction is fully share-settled, with no cash component. Additionally, up to 97,780,616 bonus shares may be issued upon the occurrence of a defined bonus-triggering event. The structure and total volume of shares remain unchanged despite amendments, though allocations among sellers were adjusted. Upon closing, Golden TechGen Limited (GT) is expected to hold approximately 19.85% of Cango’s outstanding shares. The agreement also includes a clause allowing for further issuance of "Adjustment Shares" if the proceeds from the company’s PRC business divestiture decline by more than US 7 million.
The agreement has since been amended four times, refining terms while maintaining the original structure and scope. On March 26, 2025, the first amendment extended the long-stop date for closing to July 31, 2025. The second amendment, signed on April 3, 2025, did not disclose specific changes. On June 4, 2025, the third amendment revised the share consideration to 146,670,925 Class A shares and up to 97,780,616 bonus shares, and modified the adjustment mechanism to allow for additional share issuance if proceeds from the PRC business divestiture fall by more than US$7 million. The fourth amendment, dated June 23, 2025, reallocated the hashrate and corresponding share and bonus share distributions among the sellers—Golden TechGen Limited, Fortune Peak Limited, and Silver Crest Limited—with GT projected to hold approximately 19.85% of the company post-closing. Despite these changes, the total hashrate and aggregate share consideration remained unchanged across all amendments.
Cango Inc. (NYSE:CANG) completed the acquisition of On-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second from Golden TechGen Limited, Fortune Peak Limited and Silver Crest Limited on June 27, 2025. Annonce • May 28
Ursalpha Digital Limited completed the acquisition of PRC Business of Cango Inc. (NYSE:CANG) for approximately $350 million. Ursalpha Digital Limited entered into definitive agreement to acquire PRC Business of Cango Inc. (NYSE:CANG) for approximately $350 million on April 3, 2025. A cash consideration of $351.94 million will be paid by Ursalpha Digital Limited. As part of consideration, $351.94 million is paid towards assets of PRC Business of Cango Inc.
The transaction is subject to approval of merger agreement by target board and approval of offer by target shareholders and the completion of an internal restructuring at Cango Inc. that separates its PRC Business from its businesses outside China. The deal has been approved by the board. The deal has been approved by the Cango Inc.'s special committee formed to assess and consider the transaction. On May 16, 2025, the shareholders of Cango Inc. approved the transaction.
Ursalpha Digital Limited completed the acquisition of PRC Business of Cango Inc. (NYSE:CANG) on May 27, 2025. Annonce • May 09
Cango Inc. to Report Q1, 2025 Results on May 14, 2025 Cango Inc. announced that they will report Q1, 2025 results After-Market on May 14, 2025 Annonce • Apr 05
Ursalpha Digital Limited agreed to acquire PRC Business of Cango Inc. (NYSE:CANG) for approximately $350 million. Ursalpha Digital Limited entered into definitive agreement to acquire PRC Business of Cango Inc. (NYSE:CANG) for approximately $350 million on April 3, 2025. A cash consideration of $351.94 million will be paid by Ursalpha Digital Limited. As part of consideration, $351.94 million is paid towards assets of PRC Business of Cango Inc.
The transaction is subject to approval of merger agreement by target board and approval of offer by target shareholders and the completion of an internal restructuring at Cango Inc. that separates its PRC Business from its businesses outside China. The Board of Directors of PRC Business of Cango Inc. formed a special committee for the transaction. The deal has been approved by the board. The deal has been approved by the Cango Inc.'s special committee formed to assess and consider the transaction. Annonce • Mar 14
Cango Inc. (NYSE:CANG) announces an Equity Buyback for $30 million worth of its shares. Cango Inc. (NYSE:CANG) announces a share repurchase program. Under the program, the company will repurchase up to $30 million of its American depositary shares each representing two class A ordinary shares and/or class A ordinary shares. The share repurchases will be funded from company's existing cash balance. The program is valid for 12 months starting from April 25, 2025. Annonce • Feb 28
Cango Inc. to Report Q4, 2024 Results on Mar 06, 2025 Cango Inc. announced that they will report Q4, 2024 results After-Market on Mar 06, 2025 New Risk • Nov 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 44% per year over the past 5 years. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to €3.40, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 11x in the Specialty Retail industry in Germany. Total returns to shareholders of 103% over the past three years. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: CN¥1.31 (vs CN¥0.45 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥1.31 (up from CN¥0.45 loss in 3Q 2023). Revenue: CN¥27.0m (down 92% from 3Q 2023). Net income: CN¥67.9m (up CN¥117.0m from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annonce • Nov 05
Cango Inc. Provides Revenue Guidance for the Fourth Quarter of 2024 Cango Inc. provided revenue guidance for the fourth quarter of 2024. For the fourth quarter of 2024, the Company expects total revenues to be between RMB 15.0 million and RMB 17.5 million. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change. Annonce • Oct 31
Cango Inc. to Report Q3, 2024 Results on Nov 04, 2024 Cango Inc. announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €2.04, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 11x in the Specialty Retail industry in Germany. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.69, the stock trades at a trailing P/E ratio of 58.1x. Average trailing P/E is 17x in the Specialty Retail industry in Germany. Total returns to shareholders of 9.1% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥45.1m (down 93% from 2Q 2023). Net income: CN¥86.0m (up 138% from 2Q 2023). Annonce • Aug 30
Cango Inc. Provides Revenue Guidance for the Third Quarter of 2024 Cango Inc. provided revenue guidance for the third quarter of 2024. For the third quarter of 2024, the Company expects total revenues to be between RMB 20 million and RMB 25 million. Annonce • Aug 23
Cango Inc. to Report Q2, 2024 Results on Aug 29, 2024 Cango Inc. announced that they will report Q2, 2024 results After-Market on Aug 29, 2024 Reported Earnings • Jun 14
First quarter 2024 earnings released: EPS: CN¥1.71 (vs CN¥0.58 in 1Q 2023) First quarter 2024 results: EPS: CN¥1.71 (up from CN¥0.58 in 1Q 2023). Revenue: CN¥64.4m (down 88% from 1Q 2023). Net income: CN¥90.0m (up 14% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
Full year 2023 earnings released: CN¥0.31 loss per share (vs CN¥8.11 loss in FY 2022) Full year 2023 results: CN¥0.31 loss per share (improved from CN¥8.11 loss in FY 2022). Revenue: CN¥1.70b (down 14% from FY 2022). Net loss: CN¥37.9m (loss narrowed 97% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Annonce • Apr 23
Cango Inc. (NYSE:CANG) announces an Equity Buyback for $50 million worth of its shares. Cango Inc. (NYSE:CANG) announces a share repurchase program. Under the program, the company will repurchase up to $50 million of its American depositary shares each representing 2 class A ordinary shares and/or class A ordinary shares. The share repurchases will be funded from company's existing cash balance. The program is valid for 12 months starting from April 25, 2024. Annonce • Mar 12
Cango Inc. Provides Revenue Guidance for the First Quarter of 2024 Cango Inc. provided revenue guidance for the first quarter of 2024. For the first quarter of 2024, the Company expects total revenues to be between RMB 50 million and RMB 100 million. Reported Earnings • Mar 12
Full year 2023 earnings released Full year 2023 results: Revenue: CN¥1.70b (down 14% from FY 2022). Net loss: CN¥37.9m (loss narrowed 97% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Annonce • Mar 06
Cango Inc. to Report Q4, 2023 Results on Mar 11, 2024 Cango Inc. announced that they will report Q4, 2023 results After-Market on Mar 11, 2024 Reported Earnings • Nov 28
Third quarter 2023 earnings released: CN¥0.90 loss per share (vs CN¥0.95 loss in 3Q 2022) Third quarter 2023 results: CN¥0.90 loss per share (improved from CN¥0.95 loss in 3Q 2022). Revenue: CN¥353.6m (down 15% from 3Q 2022). Net loss: CN¥49.1m (loss narrowed 62% from 3Q 2022). Annonce • Nov 22
Cango Inc. to Report Q3, 2023 Results on Nov 27, 2023 Cango Inc. announced that they will report Q3, 2023 results After-Market on Nov 27, 2023 Annonce • Aug 29
Cango Inc. Provides Revenue Guidance for the Third Quarter of 2023 Cango Inc. provided revenue guidance for the third quarter of 2023. for the quarter, the company expects total revenues to be between RMB 300 million and RMB 350 million. New Risk • Aug 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 24
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CN¥675.4m (up 134% from 2Q 2022). Net income: CN¥36.2m (up CN¥322.0m from 2Q 2022). Profit margin: 5.4% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Annonce • Aug 19
Cango Inc. to Report Q2, 2023 Results on Aug 23, 2023 Cango Inc. announced that they will report Q2, 2023 results on Aug 23, 2023 New Risk • Jun 11
New major risk - Revenue and earnings growth Earnings have declined by 7.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Jun 09
First quarter 2023 earnings released: EPS: CN¥0.58 (vs CN¥0.98 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.58 (up from CN¥0.98 loss in 1Q 2022). Revenue: CN¥542.6m (down 31% from 1Q 2022). Net income: CN¥78.8m (up CN¥214.9m from 1Q 2022). Profit margin: 14% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Annonce • Jun 09
Cango Inc. Provides Revenue Guidance for the Second Quarter of 2023 Cango Inc. provided revenue guidance for the second quarter of 2023. For the second quarter of 2023, the Company expects total revenues to be between RMB 600 million and RMB 650 million. Annonce • Jun 06
Cango Inc. to Report Q1, 2023 Results on Jun 08, 2023 Cango Inc. announced that they will report Q1, 2023 results After-Market on Jun 08, 2023 Reported Earnings • Mar 19
Full year 2022 earnings released: CN¥8.11 loss per share (vs CN¥0.059 loss in FY 2021) Full year 2022 results: CN¥8.11 loss per share (further deteriorated from CN¥0.059 loss in FY 2021). Revenue: CN¥1.98b (down 50% from FY 2021). Net loss: CN¥1.11b (loss widened CN¥1.10b from FY 2021). Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Germany. Reported Earnings • Dec 01
Third quarter 2022 earnings released: CN¥1.91 loss per share (vs CN¥2.88 loss in 3Q 2021) Third quarter 2022 results: CN¥1.91 loss per share (improved from CN¥2.88 loss in 3Q 2021). Revenue: CN¥416.4m (down 48% from 3Q 2021). Net loss: CN¥130.3m (loss narrowed 69% from 3Q 2021). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Online Retail industry in Germany. Annonce • Nov 30
Cango Inc. Provides Revenue Guidance for the Fourth Quarter of 2022 Cango Inc. provided revenue guidance for the fourth quarter of 2022. For the fourth quarter of 2022, the company expects total revenues to be between RMB 450 million and RMB 500 million. Annonce • Nov 24
Cango Inc. to Report Q3, 2022 Results on Nov 29, 2022 Cango Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 29, 2022 Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Rong Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Oct 12
Cango Inc. Declares Special Cash Dividend, Payable on November 23, 2022 Cango Inc. announced that its Board of Directors has approved and declared a special cash dividend of USD 0.5 per ordinary share (or USD 1 per American depositary share) on its outstanding shares, to be paid on November 23, 2022 to shareholders of record as of the close of trading on October 24, 2022. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥2.08 loss per share (vs CN¥3.85 profit in 2Q 2021) Second quarter 2022 results: CN¥2.08 loss per share (down from CN¥3.85 profit in 2Q 2021). Revenue: CN¥289.2m (down 70% from 2Q 2021). Net loss: CN¥285.8m (down 151% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 30% growth forecast for the Online Retail industry in Germany. Annonce • Aug 30
Cango Inc. Provides Revenue Guidance for the Third Quarter of 2022 Cango Inc. provided revenue guidance for the third quarter of 2022. For the quarter, the Company expects total revenues to be between RMB 350 million and RMB 400 million. Annonce • Aug 26
Cango Inc. to Report Q2, 2022 Results on Aug 29, 2022 Cango Inc. announced that they will report Q2, 2022 results After-Market on Aug 29, 2022 Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 20% share price gain to €2.79, the stock trades at a trailing P/E ratio of 18.3x. Average forward P/E is 16x in the Online Retail industry in Germany. Total loss to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 17% share price gain to €2.66, the stock trades at a trailing P/E ratio of 21.3x. Average forward P/E is 16x in the Online Retail industry in Germany. Total loss to shareholders of 40% over the past year. Annonce • Jun 22
Cango Inc. Launches Cango Haoche APP Cango Inc. announced that the Company launched its Cango Haoche mobile application (the "APP") on June 20, 2022. Built on the success of its Cango Haoche WeChat mini-program, which was introduced last year, the APP marks an important milestone for Cango in transforming its business into a one-stop automotive transaction services platform empowering the whole automotive chain. With this new APP, Cango aims to meet dealers' evolving and diverse demands more promptly and accurately with a stabler and more robust system, as well as smoother and richer functionality. The APP provides end-to-end services to dealers, especially small- and medium-sized dealers in lower-tier markets, ranging from steady vehicle sources and nationwide warehousing and logistics services to support for financial and insurance services. In addition to the WeChat mini-program's original services such as online car search, vehicle source listing and model search, the new APP supports real-time inventory inquiries for proprietary vehicles, enabling registered dealers to access inventory status and make decisions accordingly. Furthermore, Cango optimized the APP's online payment feature, providing dealers with greater convenience and security for their online transactions. Going forward, the Cango Haoche APP and WeChat mini program will run in parallel. Dealers can easily conduct car searches, check vehicle sources and review trending recommendations of proprietary car models on the mini-program, while accessing increasingly efficient empowerment services and functions on the APP, strengthening user stickiness. To provide a more interactive experience and further increase user loyalty, the Company will periodically launch discounts, coupons, gifts and other special offers through the APP. Reported Earnings • Jun 11
First quarter 2022 earnings released: CN¥0.98 loss per share (vs CN¥1.84 loss in 1Q 2021) First quarter 2022 results: CN¥0.98 loss per share (up from CN¥1.84 loss in 1Q 2021). Revenue: CN¥787.7m (down 30% from 1Q 2021). Net loss: CN¥136.2m (loss narrowed 50% from 1Q 2021). Over the next year, revenue is expected to shrink by 4.7% compared to a 36% growth forecast for the industry in Germany. Annonce • Jun 10
Cango Inc. Provides Revenue Guidance for the Second Quarter of 2022 Cango Inc. provided revenue guidance for the second quarter of 2022. For the quarter, the Company expects total revenues to be between RMB 250 million and RMB 300 million. Annonce • Jun 07
Cango Inc. to Report Q1, 2022 Results on Jun 09, 2022 Cango Inc. announced that they will report Q1, 2022 results After-Market on Jun 09, 2022 Annonce • May 20
Cango Inc. Announces Resignation of Xiaoyu Liu as Director, Effective May 19, 2022 Cango Inc. announced that Xiaoyu Liu has tendered his resignation as a director of Cango for personal reasons. Liu's resignation became effective on May 19, 2022. The Company would like to express its gratitude for services provided by Mr. Liu. Reported Earnings • Apr 28
Full year 2021 earnings released: CN¥0.059 loss per share (vs CN¥22.43 profit in FY 2020) Full year 2021 results: CN¥0.059 loss per share (down from CN¥22.43 profit in FY 2020). Revenue: CN¥3.92b (up 91% from FY 2020). Net loss: CN¥8.54m (down 100% from profit in FY 2020). Over the next year, revenue is forecast to grow 14%, compared to a 40% growth forecast for the retail industry in Germany. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Rong Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: CN¥3.92b (up 91% from FY 2020). Net loss: CN¥8.54m (down 100% from profit in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 19%, compared to a 43% growth forecast for the retail industry in Germany. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 15% share price gain to €2.90, the stock trades at a trailing P/E ratio of 2.1x. Average forward P/E is 19x in the Online Retail industry in Germany. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 16% share price gain to €2.76, the stock trades at a trailing P/E ratio of 2.1x. Average forward P/E is 19x in the Online Retail industry in Germany. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.80, the stock trades at a trailing P/E ratio of 2x. Average forward P/E is 20x in the Online Retail industry in Germany. Reported Earnings • Nov 24
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: CN¥2.88 loss per share (down from CN¥11.82 profit in 3Q 2020). Revenue: CN¥800.6m (up 84% from 3Q 2020). Net loss: CN¥416.5m (down 124% from profit in 3Q 2020). Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 13%, compared to a 54% growth forecast for the industry in Germany. Annonce • Nov 24
Cango Inc. Provides Revenue Guidance for the Fourth Quarter of 2021 Cango Inc. provided revenue guidance for the fourth quarter of 2021. For the fourth quarter of 2021, the Company expects total revenues to be between RMB 950 million and RMB 1,000 million. Reported Earnings • Aug 20
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥946.7m (up 246% from 2Q 2020). Net income: CN¥557.7m (up CN¥487.5m from 2Q 2020). Profit margin: 59% (up from 26% in 2Q 2020). Reported Earnings • Jun 02
First quarter 2021 earnings released The company reported a decent first quarter result with improved revenues, although losses increased and control over costs was weaker. First quarter 2021 results: Revenue: CN¥1.12b (up 357% from 1Q 2020). Net loss: CN¥273.9m (loss widened CN¥235.5m from 1Q 2020). Annonce • Jun 01
Cango Inc. Provides Earnings Guidance for the Second Quarter of 2021 Cango Inc. provided earnings guidance for the second quarter of 2021. For the quarter, the company expects total revenues to be between RMB 900 million and RMB 950 million. This forecast reflects the company's current and preliminary views on the market and operational conditions, which are subject to change. Reported Earnings • Apr 30
Full year 2020 earnings released: EPS CN¥22.43 (vs CN¥2.59 in FY 2019) Full year 2020 results: Revenue: CN¥2.05b (up 43% from FY 2019). Net income: CN¥3.37b (up CN¥2.98b from FY 2019). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥5.90, the stock trades at a trailing P/E ratio of 2.3x. Average forward P/E is 45x in the Online Retail industry in Germany. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.06, the stock trades at a trailing P/E ratio of 2.3x. Average forward P/E is 67x in the Online Retail industry in Germany. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS CN¥22.43 (vs CN¥2.59 in FY 2019) Full year 2020 results: Revenue: CN¥2.05b (up 43% from FY 2019). Net income: CN¥3.37b (up CN¥2.98b from FY 2019). Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 226%, compared to a 56% growth forecast for the Online Retail industry in Germany. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 26% share price decline to CN¥6.30, the stock is trading at a trailing P/E ratio of 4.4x, down from the previous P/E ratio of 5.9x. This compares to an average P/E of 87x in the Online Retail industry in Germany. Annonce • Mar 03
Cango Inc. to Report Q4, 2020 Results on Mar 12, 2021 Cango Inc. announced that they will report Q4, 2020 results on Mar 12, 2021