Cango Inc (NYSE:CANG)
$ 1.73 -0.05 (-2.81%) Market Cap: 180.54 Mil Enterprise Value: -320.46 Mil PE Ratio: 13.73 PB Ratio: 0.33 GF Score: 52/100
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Q1 2024 Cango Inc Earnings Call Transcript

Jun 13, 2024 / 01:00AM GMT
Release Date Price: $1.58 (-15.58%)
Operator

Good morning, and good evening, everyone. Welcome to Cango Inc.'s first-quarter 2024 earnings conference call. (Operator Instructions) This call is also being broadcast live on the company's IR website.

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 the 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 be making forward-looking statements.

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

Lin Jiayuan
Cango Inc - Chief Executive Officer, Co-Founder, Director

(interpreted) Good morning, everyone, and welcome to Cango's first-quarter 2024 earnings call.

China's GDP maintained moderate growth in Q1 2024, increasing by 5.3% year-on-year despite a complex global economic environment. According to the China Association

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