Cango (CANG) reported Q4 adjusted net income late Thursday of 0.51 renminbi ($0.07) per diluted American depositary share, swinging from a loss of 0.91 renminbi a year earlier.
Revenue for the quarter ended Dec. 31 to 668.0 million renminbi, up from 130.2 million renminbi a year ago. Cango said the rise was due to its Bitcoin mining business launch in November 2024.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.