お知らせ • Apr 23
Cango Inc. Announces CFO Changes, Effective April 22, 2026 Cango Inc. announced that Mr. Simon Ming Yeung Tang, who most recently served as the chief investment officer of the Company, has been appointed as the chief financial officer of the Company, effective as of April 22, 2026. Mr. Yongyi Zhang resigned from his respective position as chief financial officer of the Company, effective as of April 22, 2026, for personal reasons. お知らせ • Apr 02
Cango Inc. announced that it has received $10 million in funding from DL Holdings Group Limited Cango Inc. announced that it has entered into a securities purchase agreement with new investor, DL Holdings Group Limited to issue a convertible note in the principal amount of $10,000,000 for gross proceeds of $10,000,000 and a warrant to purchase up to 370,370 class A ordinary share at an exercise price of $2.70 for aggregate proceeds of $10,000,000 on April 1, 2026. The initial maturity date of the note is April 1, 2028, subject to certain optional extensions. The initial conversion price is $1.62 per class A ordinary share, subject to adjustment as provided therein. The note does not accrue any interest, other than customary interests that become payable upon an event of default. The holder of the note may, at its option, convert all or part of the note into class A ordinary shares at any time from April 1, 2027 until maturity. Class A ordinary shares issued upon conversion will be subject to customary lock-up restrictions. The warrant is exercisable immediately upon issuance, in whole or in part, and will expire on April 1, 2028. お知らせ • Apr 01
Cango Inc. announced that it has received $65 million in funding from Armada Network Limited, Fortune Peak Limited On March 31, 2026, Cango Inc. closed the transaction. Reported Earnings • Mar 18
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: US$1.60 loss per share (down from US$0.20 profit in FY 2024). Revenue: US$688.1m (up US$577.9m from FY 2024). Net loss: US$452.8m (down US$493.9m from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 79%. Revenue is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in the US are expected to grow by 6.0%. New Risk • Mar 17
New major risk - Revenue and earnings growth Earnings have declined by 71% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 71% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). お知らせ • Mar 13
Cango Inc. to Report Q4, 2025 Results on Mar 16, 2026 Cango Inc. announced that they will report Q4, 2025 results After-Market on Mar 16, 2026 お知らせ • Feb 12
Cango Inc. announced that it has received $10.5 million in funding from Enduring Wealth Capital Limited On February 12, 2026, Cango Inc closed the transaction. After closing Enduring Wealth Capital Limited's ownership increased from approximately 2.81% to approximately 4.71% of the Company's total outstanding ordinary shares, and its voting power increased from approximately 36.68% to approximately 49.71% of the Company's total voting power. お知らせ • Feb 04
Cango Inc. Reports Unaudited Production Results for the Month of January 2025 Cango Inc. reported unaudited production results for the month of January 2025. For the month, the company reported Number of Bitcoins produced was 496.35, Average number of Bitcoins produced per day was 16.01, Total number of Bitcoins held was 7,474.6, Deployed hashrate was 50 EH/s and Average operating hash rate was 43.36 EH/s. お知らせ • Dec 30
Cango Inc. announced that it expects to receive $10.5 million in funding from Enduring Wealth Capital Limited Cango Inc. announces a private placement with Enduring Wealth Capital Limited to issue 7,000,000 Class B ordinary shares at a price of $1.5 per share for gross proceeds of $10,500,000 on December 29, 2025. Closing of the Proposed Investment is subject to certain customary closing conditions, including the requisite approval by the New York Stock Exchange. The Company expects to close the transaction in January 2026. お知らせ • 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 Board Change • Nov 18
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Chi Ming Lee is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 