Cango Inc (NYSE:CANG)
$ 1.47 -0.09 (-5.77%) Market Cap: 153.41 Mil Enterprise Value: -65.79 Mil PE Ratio: 0 PB Ratio: 0.30 GF Score: 74/100

Q3 2022 Cango Inc Earnings Call Transcript

Nov 30, 2022 / 01:00AM GMT
Release Date Price: $1.29 (-15.13%)
Operator

Good morning and good evening everyone. Welcome to the Cango Inc.'s Third Quarter 2022 Earnings Conference Call. (Operator Instructions) Joining us today are Mr. Jiayuan Lin, Chief Executive Officer; and Mr. Yongyi Zhang, Chief Financial Officer of the company. Following management's prepared remarks, we will conduct a Q&A session.

Before we begin, I refer you to the safe harbor statement in the company's earnings release, which also applies to the conference call today, as management will make forward-looking statements.

With that said, I'll now turn the call over to Mr. Jiayuan Lin, CEO of Cango. Please go ahead, sir.

Jiayuan Lin
Cango Inc. - Co-Founder, CEO & Director

[Interpreted] Hello, everyone, and welcome to Cango's third quarter 2022 earnings call.

In the third quarter, market conditions in China's automotive industry remained challenging due to COVID-19 resurgences across the country and the complex external operating environment. However, the change in consumption behavior brought on by the pandemic with

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot