Cango Past Earnings Performance
Past criteria checks 1/6
Cango's earnings have been declining at an average annual rate of -40.7%, while the Specialty Retail industry saw earnings growing at 10.5% annually. Revenues have been growing at an average rate of 0.7% per year. Cango's return on equity is 0.6%, and it has net margins of 3.9%.
Key information
-40.7%
Earnings growth rate
-40.8%
EPS growth rate
| Specialty Retail Industry Growth | 4.1% |
| Revenue growth rate | 0.7% |
| Return on equity | 0.6% |
| Net Margin | 3.9% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Cango makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 593 | 23 | 179 | 17 |
| 31 Mar 24 | 1,224 | -27 | 185 | 23 |
| 31 Dec 23 | 1,702 | -38 | 196 | 30 |
| 30 Sep 23 | 2,059 | -493 | 231 | 31 |
| 30 Jun 23 | 2,122 | -574 | 262 | 34 |
| 31 Mar 23 | 1,735 | -896 | 380 | 40 |
| 31 Dec 22 | 1,980 | -1,111 | 432 | 46 |
| 30 Sep 22 | 2,544 | -428 | 507 | 61 |
| 30 Jun 22 | 2,928 | -714 | 542 | 68 |
| 31 Mar 22 | 3,586 | 129 | 501 | 71 |
| 31 Dec 21 | 3,922 | -9 | 516 | 70 |
| 30 Sep 21 | 3,969 | 1,436 | 512 | 70 |
| 30 Jun 21 | 3,603 | 3,621 | 495 | 66 |
| 31 Mar 21 | 2,930 | 3,134 | 478 | 64 |
| 31 Dec 20 | 2,052 | 3,370 | 462 | 63 |
| 30 Sep 20 | 1,356 | 1,907 | 427 | 58 |
| 30 Jun 20 | 1,272 | 255 | 433 | 57 |
| 31 Mar 20 | 1,334 | 276 | 422 | 57 |
| 31 Dec 19 | 1,440 | 391 | 429 | 57 |
| 30 Sep 19 | 1,360 | 341 | 407 | 59 |
| 30 Jun 19 | 1,294 | 333 | 397 | 56 |
| 31 Mar 19 | 1,194 | 338 | 367 | 54 |
| 31 Dec 18 | 1,091 | 303 | 318 | 47 |
| 30 Sep 18 | 1,082 | 113 | 334 | 37 |
| 30 Jun 18 | 1,075 | 128 | 285 | 30 |
| 31 Mar 18 | 1,106 | 175 | 245 | 24 |
| 31 Dec 17 | 1,052 | 171 | 215 | 19 |
| 30 Sep 17 | 970 | 351 | 129 | 12 |
| 31 Dec 16 | 434 | 65 | 74 | 5 |
Quality Earnings: 9C0A has a large one-off loss of CN¥153.6M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: 9C0A became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 9C0A's earnings have declined by 40.7% per year over the past 5 years.
Accelerating Growth: 9C0A has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 9C0A has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (24.5%).
Return on Equity
High ROE: 9C0A's Return on Equity (0.6%) is considered low.