Cango ADR A

The board of directors of Cango will carry out a 10-for-1 stock consolidation (reverse split) for its Class A and Class B common shares effective July 20, 2026 (5:00 p.m. ET); trading on the NYSE is expected to resume on a consolidated basis under the ticker CANG on July 21. Shareholders approved the measure on June 24; fractional shares will not be issued and will remain in the authorized but unissued share pool. The announcement comes after a share price decline of 86% over the past year to $0.23 and amid earnings and profitability problems, with a market value of around $93.9 million. » Więcej na de.investing.com

Cango A reported for the quarter ended 31 March 2026 earnings per share of -0.73 USD compared with -0.27 USD in the year-ago quarter. Revenue fell 29.57% to 102.0 million USD from 144.8 million USD a year earlier. » Więcej na finanzen.net

Cango A will present results for the quarter ended 31 March 2026 at a financial conference on 31 May 2026. Analyst consensus sees a loss per share of -1.298 CNY and revenue of 692.8 million CNY for the quarter. For the current fiscal year analysts on average expect a loss per share of -2.772 CNY and revenue of about 2.63 billion CNY. » Więcej na finanzen.net