In This Article:
Cango (NYSE:CANG) Full Year 2024 Results
Key Financial Results
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Revenue: CN¥804.5m (down 53% from FY 2023).
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Net income: CN¥299.8m (up from CN¥37.9m loss in FY 2023).
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Profit margin: 37% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
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EPS: CN¥5.80 (up from CN¥0.31 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cango Earnings Insights
Looking ahead, revenue is forecast to grow 67% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are up 4.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Cango that you should be aware of.
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