Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

kAmkDEC@?8mu:?2?4:2= 2?5 ~A6C2E:@?2= w:89=:89EDk^DEC@?8mk^Am

kF= EJA6lQ5:D4Qmk=:mpD @7 kDA2? 4=2DDlQI?\49C@?QmyF?6 b_[ a_adk^DA2?m[ E96 4@>A2?JVD E@E2= >:?:?8 42A24:EJ C624965 d_ tw^D[ AC:>2C:=J 5C:G6? 3J E96 24BF:D:E:@? @7 `g tw^D :? kDA2? 4=2DDlQI?\49C@?QmyF?6 a_adk^DA2?m] uFCE96C>@C6[ :? |2J[ r2?8@ 4@>A=6E65 E96 5:G6DE:EFC6 @7 :ED kDA2? 4=2DDlQI?\=@42E:@?Qmr9:?2k^DA2?m\32D65 2DD6ED 7@C kDA2? 4=2DDlQI?\>@?6JQm&$Sbda >:==:@?k^DA2?m[ 86?6C2E:?8 DF3DE2?E:2= =:BF:5:EJ E@ DFAA@CE @?8@:?8 DEC2E68:4 :?:E:2E:G6D]k^=:mk=:m%@E2= C6G6?F6D H6C6 kDA2? 4=2DDlQI?\>@?6JQm&$S`bh]g >:==:@?k^DA2?m 5FC:?8 E96 A6C:@5[ H:E9 E96 kDA2?mq:E4@:?k^DA2?m >:?:?8 3FD:?6DD 86?6C2E:?8 C6G6?F6 @7 kDA2? 4=2DDlQI?\>@?6JQm&$S`bg]` >:==:@?k^DA2?m]k^=:mk=:mp5;FDE65 tqx%sp H2D kDA2? 4=2DDlQI?\>@?6JQm&$Shh]` >:==:@?k^DA2?m 5FC:?8 E96 A6C:@5]k^=:mk=:mp E@E2= @7 `[c_c]c q:E4@:?D H6C6 >:?65 5FC:?8 E96 BF2CE6C] pG6C286 4@DE E@ >:?6[ 6I4=F5:?8 56AC64:2E:@? @7 >:?:?8 >249:?6D[ H2D kDA2? 4=2DDlQI?\>@?6JQm&$Sgb[_h`k^DA2?m A6C kDA2?mq:E4@:?k^DA2?m[ H:E9 2==\:? 4@DED @7 kDA2? 4=2DDlQI?\>@?6JQm&$Shg[ebek^DA2?m A6C kDA2?mq:E4@:?k^DA2?m] pD @7 E96 6?5 @7 kDA2? 4=2DDlQI?\49C@?QmyF?6 a_adk^DA2?m[ E96 r@>A2?J 925 >:?65 b[gfh]a q:E4@:?D D:?46 6?E6C:?8 E96 kDA2?mq:E4@:?k^DA2?m >:?:?8 :?5FDECJ]k^=:mk=:m%96 ?6E =@DD 7@C E96 A6C:@5 H2D >2:?=J 2EEC:3FE23=6 E@ E96 @?6\@77 =@DD @? 5:D4@?E:?F65 @A6C2E:@?D 2?5 E96 ?@?\42D9 :>A2:C>6?E =@DD 7C@> >:?:?8 6BF:A>6?E 4@?EC24E65 =2DE }@G6>36C 2?5 D6EE=65 G:2 6BF:EJ :? yF?6 @7 E9:D J62C—EC:886C65 3J E96 D:8?:7:42?E 2AAC64:2E:@? :? r2?8@VD D92C6 AC:46 36EH66? D:8?:?8 2?5 56=:G6CJ] %96D6 492C86D C6=2E65 E@ E96 r@>A2?JVD DEC2E68:4 DE6AD C2E96C E92? @A6C2E:@?2= F?56CA6C7@C>2?46] tI4=F5:?8 E96 :>A2:C>6?E 2?5 E96 @?6\@77 =@DD 7C@> 5:D4@?E:?F65 @A6C2E:@?D[ 25;FDE65 tqx%sp DE@@5 2E kDA2? 4=2DDlQI?\>@?6JQm&$Shh]` >:==:@?k^DA2?m 5FC:?8 E96 A6C:@5[ 56>@?DEC2E:?8 E96 DEC6?8E9 2?5 AC@7:E23:=:EJ @7 E96 4@C6 kDA2?mq:E4@:?k^DA2?m >:?:?8 3FD:?6DD]k^=:mk^F=m

kAm|C] kDA2? 4=2DDlQI?\A6CD@?Qm!2F= *Fk^DA2?m[ rt~ @7 r2?8@[ D2:5[ Q%9:D BF2CE6C >2C<D 2 D:8?:7:42?E >:=6DE@?6 2D H6 C6A@CE @FC 7:CDE 7F== BF2CE6C 7@==@H:?8 @FC DEC2E68:4 EC2?D7@C>2E:@?] x? ;FDE ?:?6 >@?E9D[ H6VG6 6DE23=:D965 @FCD6=G6D 2D @?6 @7 E96 =2C86DE kDA2?mq:E4@:?k^DA2?m >:?6CD 8=@32==J[ DFAA@CE65 3J @FC 2DD6E\=:89E DEC2E68J E92E 6?23=6D BF:4< D42=:?8 H:E9 >:?:>2= FA7C@?E 42A:E2=] (9:=6 E9:D 2AAC@249 :?4FCD 9:896C 42D9 4@DED A6C kDA2?mq:E4@:?k^DA2?m[ @FC =@H6C 56AC64:2E:@? 6IA6?D6D 6?DFC6 4@>A6E:E:G6 2==\:? 4@DED 2?5 DEC@?8 42A:E2= 677:4:6?4J] ~FC C646?E 24BF:D:E:@? @7 `g tw^D :?4C62D65 @FC E@E2= >:?:?8 42A24:EJ E@ d_ tw^D[ 4@?EC:3FE:?8 E@ 2 ccT :?4C62D6 :? kDA2?mq:E4@:?k^DA2?m AC@5F4E:@? :? yF=J] %9:D 8C@HE9 F?56CD4@C6D E96 :>A24E @7 @FC 6IA2?565 @A6C2E:@?D 2?5 DFAA@CED 7FCE96C D42=:?8 E9C@F89 @C82?:4 :?:E:2E:G6D 2?5 DEC2E68:4 24BF:D:E:@?D] p55:E:@?2==J[ @FC 24BF:D:E:@? @7 d_ |( >:?:?8 724:=:EJ :? kDA2? 4=2DDlQI?\=@42E:@?Qmv6@C8:2k^DA2?m 6?92?46D @FC 6?6C8J D64FC:EJ 2?5 =@H6CD A@H6C 4@DED[ AC@G:5:?8 @A6C2E:@?2= 6IA6CE:D6 7@C 7FEFC6 w!r 2?5 6?6C8J :?:E:2E:G6D]Qk^Am

kAmkDA2? :5lQDA2?w89=Ed5dhQmuF== 2CE:4=6 =:?<i k2 9C67lQ9EEADi^^?2>``]D276=:?<D]AC@E64E:@?]@FE=@@<]4@>^nFC=l9EEADTbpTauTauHHH]AC?6HDH:C6]4@>Tau?6HD\C6=62D6DTau42?8@\:?4\C6A@CED\D64@?5\BF2CE6C\a_ad\F?2F5:E65\7:?2?4:2=\C6DF=ED\b_adceef_]9E>=U2>Aj52E2l_dTfr_aTfr4?9F3DTc_}_`d`r]@?>:4C@D@7E]4@>Tfrc65b_32h447dc_`54c2__g55637e62beTfrggf37h66b4gac3gg343ag_5d6`eh3hh3Tfr`Tfr_Tfrebghae`efh`ggha_fcTfr&?<?@H?Tfr%(uA3v+D3b5g6Jyu3)q_6&`94v<:~?#J5(&Dx=*:~:xH{;pF|spH|rxDx=p:~:y)2(cK|:xDx<u~x;@:%(uA3rxDx=5&x;@J7"TbsTbsTfr_TfrTfrTfrU2>AjD52E2laJ~a"4"bBy!!v_`5JbFFa{;%r'$gxvJ<r%uus5+@Tau48TbsU2>AjC6D6CG65l_Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^42?8@\:?4\C6A@CED\D64@?5\BF2CE6C\a_ad\F?2F5:E65\7:?2?4:2=\C6DF=ED\b_adceef_]9E>=k^2m k^DA2?mk^Am

kAmx?G6DE@C #6=2E:@?D r@?E24Ek^Am

kAmt>2:=i k2 9C67lQ>2:=E@i:Co42?8@@?=:?6]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm:Co42?8@@?=:?6]4@>k^2m k^Am

k5:G 4=2DDlQ!#}0x>365565pDD6E#676C6?46Q :5lQs:GpDD6E!=246w@=56C_Qmk^5:Gm

kA :5lQ!&#{Qmk:>8 E:E=6lQr:D:@?Q H:5E9lQ`aQ 96:89ElQ`aQ 2=ElQr:D:@?Q DC4lQ9EEADi^^4a`a]?6E^4^:>8^72G:4@?]A?8nD?lr}edffeU2>AjD5la_ad\_h\_cQ ^m ':6H @C:8:?2= 4@?E6?E E@ 5@H?=@25 >F=E:>65:2ik2 :5lQ!#}&#{Q C6=lQ?@7@==@HQ 9C67lQ9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^42?8@\:?4\C6A@CED\D64@?5\BF2CE6C\a_ad\F?2F5:E65\7:?2?4:2=\C6DF=ED\b_adcf`ah]9E>=Q E2C86ElQ03=2?<Qm9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^42?8@\:?4\C6A@CED\D64@?5\BF2CE6C\a_ad\F?2F5:E65\7:?2?4:2=\C6DF=ED\b_adcf`ah]9E>=k^2mk^Am

kAm$~&#rt r2?8@ x?4]k^Am

kAmk:>8 2=ElQQ DC4lQ9EEADi^^CE]AC?6HDH:C6]4@>^CE]8:7n}6HDxE6>x5lr}edffeU2>Aj%C2?D>:DD:@?0x5la_ad_h_c`fb_!#0}t($0&$!#00000r}edffeU2>Ajs2E6x5la_ad_h_cQ DEJ=6lQ3@C56Ci_AIj H:5E9i`AIj 96:89Ei`AIjQ ^mk^Am