Cango Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was CNY 756.54 million compared to CNY 625.93 million a year ago. Revenue was CNY 1,050.55 million compared to CNY 1,097.43 million a year ago. Net income was CNY 124.13 million compared to CNY 1,568.49 million a year ago. Basic earnings per share from continuing operations was CNY 0.88 compared to CNY 10.48 a year ago. Diluted earnings per share from continuing operations was CNY 0.88 compared to CNY 10.4 a year ago.
For the full year, sales was CNY 2,478.47 million compared to CNY 910.85 million a year ago. Revenue was CNY 3,921.72 million compared to CNY 2,052.43 million a year ago. Net loss was CNY 8.54 million compared to net income of CNY 3,369.52 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to basic earnings per share from continuing operations of CNY 22.44 a year ago. Diluted loss per share from continuing operations was CNY 0.06 compared to diluted earnings per share from continuing operations of CNY 22.18 a year ago.