Cango Inc.

CANG · XNYS

CIK 1725123fmd_116X1TJB9F0RKC0C3K2T5AZCT9Finance, Insurance and Real Estate · Finance ServicesTemplate: Standard

Coverage: Jan 01, 2016 to Dec 31, 2025, 12 periods

Income Statement · Annual · Millions · CNY
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Total revenues	434	1,052	1,091	1,440	2,052	3,922	1,980	1,702	804
Cost of revenue	170	386	430	539	1,098	2,958	1,830	1,512	629
Gross profit	264	666	661	901	954	964	150	190	175
Realized investment gains (losses)	–	0	1	86	3,353	(13)	(10)	24	9
Research and development	5	19	47	57	63	70	46	30	5
Selling, general and administrative	74	215	318	429	462	516	432	196	263
Total operating expenses	250	582	815	1,117	1,734	3,945	2,928	–	–
Operating income	184	470	277	323	318	(23)	(947)	(74)	179
Interest expense	0	13	19	13	3	14	17	4	1
Interest and investment income	4	16	61	52	35	26	44	79	106
Other non-operating income (expense)	–	–	33	41	49	42	52	–	–
Income before taxes	186	468	396	488	3,743	12	(875)	56	301
Income tax expense	53	119	89	83	370	21	237	93	1
Net income from continuing operations	133	349	307	405	3,373	(9)	(1,111)	(38)	300
Net income	129	341	303	391	3,370	(9)	(1,111)	(38)	300