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CANG| Name | Value |
|---|---|
| Revenues | 64.4M |
| Cost of Revenue | 29.1M |
| Gross Profit | 35.4M |
| Operating Expense | -38.8M |
| Operating I/L | 74.2M |
| Other Income/Expense | 27.9M |
| Interest Income | 16.5M |
| Pretax | 102.1M |
| Income Tax Expense | 12.0M |
| Net Income/Loss | 90.0M |
Cango Inc. operates an automotive transaction service platform in China, connecting dealers, manufacturers, financial institutions, and car buyers. The company provides car sourcing, logistics, warehousing support for dealers, and facilitates car purchases for buyers. It also offers automotive financing services, including transactions between financial institutions and buyers, and after-market services such as insurance sales. Founded in 2010, Cango Inc. generates revenue by charging fees for its transaction services and financing facilitation, as well as earning commissions from insurance policy sales.
