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Cango Inc.: 20-F filed 2025-03-27

What Cango Inc. reported in its annual report (foreign private issuer) filed 2025-03-27 (fiscal FY 2024): 50 published measures, 176 facts as tagged in accession 0001410578-25-000492.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2025-03-27
Fiscal period
fiscal FY 2024
Accession
0001410578-25-000492 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Cango Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2024-12-315,969,323,559CNY
At 2023-12-314,648,610,014CNY
At 2024-12-31817,793,973USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2024-12-311,882,693,687CNY
At 2023-12-31831,633,527CNY
At 2024-12-31257,927,977USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2024-12-314,086,629,872CNY
At 2023-12-313,816,976,487CNY
At 2022-12-314,321,909,005CNY
At 2021-12-316,990,566,821CNY
At 2024-12-31559,865,996USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2024-12-311,289,629,981CNY
At 2023-12-311,020,604,191CNY
At 2022-12-31378,917,318CNY
At 2024-12-31176,678,583USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2024-01-01 to 2024-12-31299,815,046CNY366
2023-01-01 to 2023-12-31-37,873,274CNY365
2022-01-01 to 2022-12-31-1,111,207,883CNY365
2024-01-01 to 2024-12-3141,074,495USD366

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2024-01-01 to 2024-12-31-310,202,975CNY366
2023-01-01 to 2023-12-311,026,026,460CNY365
2022-01-01 to 2022-12-31-567,385,052CNY365
2024-01-01 to 2024-12-31-42,497,633USD366

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2024-01-01 to 2024-12-31804,488,547CNY366
2023-01-01 to 2023-12-311,701,918,741CNY365
2022-01-01 to 2022-12-311,980,453,461CNY365
2024-01-01 to 2024-12-31110,214,479USD366
2023-01-01 to 2023-12-311,701,918,741USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2024-01-01 to 2024-12-31-127,380,762CNY366
2023-01-01 to 2023-12-31-1,193,778,999CNY365
2022-01-01 to 2022-12-31-2,990,208,748CNY365
2024-01-01 to 2024-12-31-17,451,093USD366

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2024-01-01 to 2024-12-31-1,249,883,453CNY366
2023-01-01 to 2023-12-312,124,698,277CNY365
2022-01-01 to 2022-12-311,959,528,803CNY365
2024-01-01 to 2024-12-31-171,233,331USD366

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2024-12-31-35,810,730CNY
At 2023-12-31-335,625,776CNY
At 2024-12-31-4,906,050USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2024-01-01 to 2024-12-31208,197,617shares366
2023-01-01 to 2023-12-31243,048,785shares365
2022-01-01 to 2022-12-31274,084,890shares365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2024-01-01 to 2024-12-31233,032,722shares366
2023-01-01 to 2023-12-31243,048,785shares365
2022-01-01 to 2022-12-31274,084,890shares365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2024-01-01 to 2024-12-311,321,573CNY366
2023-01-01 to 2023-12-3193,456,703CNY365
2022-01-01 to 2022-12-31236,696,540CNY365
2024-01-01 to 2024-12-31181,055USD366

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2024-12-316,634,509CNY
At 2023-12-318,239,037CNY
At 2024-12-31908,924USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2024-01-01 to 2024-12-3117,114,743CNY366
2023-01-01 to 2023-12-3138,490,513CNY365
2022-01-01 to 2022-12-31158,522,520CNY365
2024-01-01 to 2024-12-312,344,710USD366

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-12-31178,893,786CNY366
2023-01-01 to 2023-12-31-73,751,027CNY365
2022-01-01 to 2022-12-31-947,143,124CNY365
2024-01-01 to 2024-12-3124,508,349USD366

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2024-12-313,458,107,713CNY
At 2023-12-313,884,019,494CNY
At 2024-12-31473,758,812USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2024-12-311,834,905,970CNY
At 2023-12-31777,742,901CNY
At 2024-12-31251,381,087USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2024-12-314,334,114CNY
At 2023-12-315,281,689CNY
At 2024-12-31593,771USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2024-12-3122,991,951CNY
At 2023-12-3164,791,709CNY
At 2024-12-313,149,884USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

PeriodValueUnitDays
2024-01-01 to 2024-12-3190,913,003CNY366
2023-01-01 to 2023-12-31246,882,138CNY365
2022-01-01 to 2022-12-31105,835,309CNY365
2024-01-01 to 2024-12-3112,455,030USD366

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2024-01-01 to 2024-12-31629,379,550CNY366
2023-01-01 to 2023-12-311,511,863,115CNY365
2022-01-01 to 2022-12-311,830,089,773CNY365
2024-01-01 to 2024-12-3186,224,645USD366

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2024-01-01 to 2024-12-315,467,033CNY366
2023-01-01 to 2023-12-3130,114,175CNY365
2022-01-01 to 2022-12-3145,958,842CNY365
2024-01-01 to 2024-12-31748,980USD366

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2024-12-311,587,869,329CNY
At 2023-12-313,288,326,330CNY
At 2022-12-311,282,483,134CNY
At 2021-12-312,610,280,765CNY
At 2024-12-31217,537,206USD
At 2023-12-31450,498,860USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2024-12-314,725,877,432CNY
At 2023-12-314,813,679,585CNY
At 2024-12-31647,442,554USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2024-12-31152,882,024CNY
At 2023-12-31111,849,166CNY
At 2024-12-3120,944,751USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2024-12-314,086,629,872CNY
At 2023-12-313,816,976,487CNY
At 2024-12-31559,865,996USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2024-12-3140,788,977CNY
At 2023-12-3147,154,944CNY
At 2024-12-315,588,067USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2024-12-3144,956,886CNY
At 2024-12-316,159,068USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2024-12-3135,028,661CNY
At 2023-12-3136,935,713CNY
At 2024-12-314,798,907USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2024-12-3128,394,152CNY
At 2023-12-3128,696,676CNY
At 2024-12-313,889,983USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2024-12-3147,425,617CNY
At 2023-12-3148,373,192CNY
At 2024-12-316,497,283USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-12-31332,471,311CNY
At 2023-12-314,705,544CNY
At 2024-12-3145,548,383USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-12-3119,118CNY
At 2023-12-31226,035CNY
At 2024-12-312,619USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2024-12-31317,162,034CNY
At 2023-12-31192,729,238CNY
At 2024-12-3143,451,020USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2024-12-3110,480,083CNY
At 2023-12-3116,703,709CNY
At 2024-12-311,435,765USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2024-12-3110,724,133CNY
At 2023-12-3110,724,133CNY
At 2024-12-311,469,200USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2024-01-01 to 2024-12-31301,136,619CNY366
2023-01-01 to 2023-12-3155,583,429CNY365
2022-01-01 to 2022-12-31-874,511,343CNY365
2024-01-01 to 2024-12-3141,255,550USD366

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2024-01-01 to 2024-12-31299,815,046CNY366
2023-01-01 to 2023-12-31-37,873,274CNY365
2022-01-01 to 2022-12-31-1,111,207,883CNY365
2024-01-01 to 2024-12-3141,074,495USD366

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2024-01-01 to 2024-12-31340,847,904CNY366
2023-01-01 to 2023-12-317,615,990CNY365
2022-01-01 to 2022-12-31-857,330,871CNY365
2024-01-01 to 2024-12-3146,695,973USD366

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2024-01-01 to 2024-12-31250,164,109CNY366
2023-01-01 to 2023-12-31156,966,463CNY365
2022-01-01 to 2022-12-31299,545,363CNY365
2024-01-01 to 2024-12-3134,272,342USD366

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2024-01-01 to 2024-12-311,995,219CNY366
2023-01-01 to 2023-12-316,670,588CNY365
2022-01-01 to 2022-12-315,483,032CNY365
2024-01-01 to 2024-12-31273,344USD366

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2024-01-01 to 2024-12-3187,175,131CNY366
2023-01-01 to 2023-12-317,860,269CNY365
2022-01-01 to 2022-12-316,740,027CNY365
2024-01-01 to 2024-12-3111,942,944USD366

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

PeriodValueUnitDays
2024-01-01 to 2024-12-31659,217CNY366
2023-01-01 to 2023-12-314,099,783CNY365
2022-01-01 to 2022-12-3116,809,263CNY365
2024-01-01 to 2024-12-3190,312USD366

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2024-01-01 to 2024-12-311,321,573CNY366
2023-01-01 to 2023-12-313,921,820CNY365
2022-01-01 to 2022-12-31-134,629,133CNY365
2024-01-01 to 2024-12-31181,055USD366

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2023-01-01 to 2023-12-3189,534,883CNY365
2022-01-01 to 2022-12-31371,325,673CNY365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2023-01-01 to 2023-12-3117,116,510CNY365
2022-01-01 to 2022-12-3183,133,433CNY365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2024-01-01 to 2024-12-312,646,196CNY366
2023-01-01 to 2023-12-317,844,174CNY365
2022-01-01 to 2022-12-3133,818,292CNY365
2024-01-01 to 2024-12-31362,527USD366

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2024-01-01 to 2024-12-3110,294,477CNY366
2023-01-01 to 2023-12-3116,620,421CNY365
2022-01-01 to 2022-12-3115,480,126CNY365
2024-01-01 to 2024-12-311,410,338USD366

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-12-31-53,837,529CNY366
2023-01-01 to 2023-12-31-201,988,722CNY365
2022-01-01 to 2022-12-3143,292,555CNY365
2024-01-01 to 2024-12-31-7,375,711USD366

Inspect the source

Entity
Cango Inc. / CIK 0001725123
Captured
2026-09-21T17:25:12.054Z
SEC response SHA-256
91559625d7de4dc9691061129d983ac5ac734c6fa58437e0b4fdc0eb242a7608

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001725123.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))