Cango Inc (STU:9C0A)

€ 2.64 -0.04 (-1.49%) Market Cap: 275.51 Mil Enterprise Value: -212.85 Mil PE Ratio: 10.84 PB Ratio: 0.60 GF Score: 50/100

Q3 2021 Cango Inc Earnings Call Transcript

Nov 23, 2021 / 01:00AM GMT

Transcript

Operator

Good morning and good evening, everyone. Welcome to Cango Inc's. Third Quarter 2021 Earnings Conference Call. (Operator Instructions) The call is also being broadcasted live on the company's IR website.

Joining us today are Mr. Jiayuan Lin, Chief Executive Officer; and Mr. Michael 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 am now turning the call over to Mr. Jiayuan Lin, CEO of Cango. Please go ahead, sir.

Jiayuan Lin

Cango Inc. - Co-Founder,Â CEO & Director

[Interpreted] Hello, everyone, and welcome to Cango's Third Quarter 2021 Earnings Call.

The ongoing shortage of automotive chips and other key auto components continue to severely restrict global car production and sales in the third quarter. In addition, a resurgence of the

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