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Cango Inc. (CANG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions of CNY, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   20-F20-F20-F20-F20-F20-F
Revenues        
Revenue  3,921.72,052.41,440.11,091.41,052.2434.3
            Revenue growth  91.1%42.5%31.9%3.7%142.3% 
Operating cost and expenses        
Cost of revenue  2,958.01,098.1539.3430.1386.1 
Sales and marketing  239.3195.9192.8167.2114.1 
General and administrative  276.2265.7236.6151.1101.3 
Research and development  70.362.657.446.719.4 
Net loss on risk assurance liabilities  197.82.334.3   
Provision for credit losses and other assets  203.4109.656.520.00.2 
    Total operating cost and expense  3,945.01,734.11,116.8814.7582.2 
    Income (loss) from operations  -23.2318.3323.3276.7470.0 
            Operating margin  -0.6%15.5%22.5%25.4%44.7% 
Interest income  26.434.951.6   
Loss from equity method investments    -0.942.74.9 
   
Net gain (loss) on equity securities        
Interest expense  -14.5-2.8-13.5   
Foreign exchange gain (loss), net  1.4-8.85.11.4-25.4 
Other income, net  41.949.141.332.715.8 
Other expenses  -6.6-0.8-5.1   
    Net income before income taxes  12.33,743.3487.8396.0468.5 
Income tax expenses  -20.9-369.9-83.0-89.1-119.4 
    Net income (loss)  -8.53,373.4404.9306.9349.1 
Less: Net income attributable to non-controlling interests   -3.9-13.9-4.2-8.0 
    Net income (loss) attributable to Cango Inc.'s shareholders  -8.53,369.5390.9302.7341.0 
   
Earnings per share        
Basic        
Diluted        
Earnings per ADS (2 ordinary shares equal 1 ADS):        
Basic  0.00.00.00.0  
Diluted  0.00.00.00.0  
   
Weighted average shares used to compute earnings per share:        
Basic        
Diluted        
Other comprehensive (loss) income, net of tax        
Unrealized loss on available-for-sale securities    -0.1   
Reclassification of losses to net loss    -0.3   
Foreign currency translation adjustment  -72.1-234.810.4109.0  
   
    Total comprehensive income (loss), net of tax        
Total comprehensive income attributable to non-controlling interests        
    Total comprehensive income (loss) attributable to Cango Inc.'s shareholders  -80.73,134.7400.9412.5340.6 

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