Cango Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 275.12 million compared to CNY 381.96 million a year ago. Revenue was CNY 353.64 million compared to CNY 416.45 million a year ago. Net loss was CNY 49.09 million compared to CNY 130.33 million a year ago. Basic loss per share from continuing operations was CNY 0.46 compared to CNY 0.96 a year ago. Diluted loss per share from continuing operations was CNY 0.46 compared to CNY 0.96 a year ago.
For the nine months, sales was CNY 1,306.59 million compared to CNY 1,292.71 million a year ago. Revenue was CNY 1,571.68 million compared to CNY 1,493.34 million a year ago. Net income was CNY 65.91 million compared to net loss of CNY 552.27 million a year ago. Basic earnings per share from continuing operations was CNY 0.52 compared to basic loss per share from continuing operations of CNY 4.02 a year ago. Diluted earnings per share from continuing operations was CNY 0.5 compared to diluted loss per share from continuing operations of CNY 4.02 a year ago.