Cango Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 8.38 million compared to CNY 452.06 million a year ago. Revenue was CNY 64.42 million compared to CNY 542.61 million a year ago.

Net income was CNY 90.03 million compared to CNY 78.77 million a year ago. Basic earnings per share from continuing operations was CNY 0.86 compared to CNY 0.58 a year ago. Diluted earnings per share from continuing operations was CNY 0.8 compared to CNY 0.56 a year ago.