Cango Inc (NYSE:CANG)
$ 4.92 -0.28 (-5.38%) Market Cap: 542.67 Mil Enterprise Value: 18.17 Mil PE Ratio: 19.05 PB Ratio: 1.06 GF Score: 53/100
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Q2 2022 Cango Inc Earnings Call Transcript

Aug 30, 2022 / 01:00AM GMT
Release Date Price: $2.33 (-10.04%)
Operator

Good morning, and good evening, everyone. Welcome to Cango Inc.'s Second Quarter 2022 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. Michael 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 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, CEO & Director

[Interpreted] Hello, everyone, and welcome to Cango's Second Quarter 2022 Earnings Call.

During the second quarter, especially in May and April, lock downs in Shanghai and other cities, exacerbated supply chain challenges. Despite a series of favorable policies since June,

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