Cango

Cango R&D Expenses

The Research & Development Expenses of Cango (CANG) as of Nov 8, 2026 is 311.61 M CNY. In the previous year, Research & Development Expenses was 476.22 M CNY — a change of -34.57% (lower).

R&D Expenses

311.61 MCNY

YoY

-34.57%

Last updated:

Research & Development Expenses of Cango is 2022 311.61 M CNY. Research & Development Expenses of Cango was 2021 476.22 M CNY. It decreases by -34.57% lower compared to the previous year.

The Cango R&D Expenses history

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  • Max

R&D Expenses
Date
R&D Expenses
Jan 1, 2016
33.87 M CNY
Jan 1, 2017
131.42 M CNY
Jan 1, 2018
316.35 M CNY
Jan 1, 2019
388.83 M CNY
Jan 1, 2020
424.06 M CNY
Jan 1, 2021
476.22 M CNY
Jan 1, 2022
311.61 M CNY
The Cango R&D Expenses history
YEARR&D ExpensesYoY
311.61 MCNY-34.57%
476.22 MCNY+12.30%
424.06 MCNY+9.06%
388.83 MCNY+22.91%
316.35 MCNY+140.72%
131.42 MCNY+288.00%
33.87 MCNY—

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Cango Stock analysis

What does Cango do? Cango, Inc. generates revenue through its automotive transaction service platform that connects dealers, financial institutions, and car buyers. The company offers automotive financing facilitation, transaction facilitation, and after-market services facilitation, including credit origination, assessment, servicing, and delinquent asset management. Additional services include car sourcing, logistics, warehousing support for dealers, and facilitation of car purchases for buyers. The company also facilitates after-market services such as insurance policy sales, providing personal accident insurances and automotive insurances through its platform. Cango's primary customers are dealers, financial institutions, and car buyers who use its integrated solutions for automotive financing transactions and vehicle purchases. Dealers benefit from car sourcing, logistics, and warehousing support, while financial institutions utilize credit assessment and servicing services. Car buyers access financing options and insurance products via the platform, with insurance policies sourced from brokers or companies. The company's revenue streams include fees for facilitating automotive transactions, financing services, and after-market insurance sales. Dealers pay for sourcing and logistics support, financial institutions pay for credit assessment and servicing, and car buyers purchase insurance products directly through the platform. These services are delivered through Cango's integrated platform that supports the full lifecycle of automotive financing transactions. Cango is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Cango stock

Research & Development Expenses of Cango is 311.61 M CNY in 2022.

Research & Development Expenses of Cango changed from 476.22 M CNY to 311.61 M CNY, representing a -34.57% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Research & Development Expenses Cango since 2006 – with annual values, charts, and detailed analysis.

R&D expenses represent the costs incurred in researching and developing new products, services, or processes. High R&D spending can signal innovation and future growth potential.

Research & Development Expenses's CNY is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track Research & Development Expenses's Cango historically and in real time.

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Income Statement — Cango

RevenueGross ProfitEBITEBITDANet IncomeEPSCost of Goods SoldR&D ExpensesSG&A ExpensesOperating ExpensesInterest ExpensePretax IncomeTax ExpenseDepreciation & AmortizationRevenue per ShareEBIT per ShareDiluted EPSEBITDA per ShareOther Income/Expense

All Key Metrics — Cango