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June Orders for Big Trucks Slow Down -- Market Talk
Orders for heavy-duty trucks in June fell, as weakening freight volumes and rates combined with the usual summer slowdown in truck buying.
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Tuesday Trading
Asian equities traded in the US as American depositary receipts were trending sharply higher Tuesday morning, rising 1% to 1,952.84 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led
Cango First Quarter 2024 Earnings: EPS: CN¥1.71 (Vs CN¥0.58 in 1Q 2023)
Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Friday Trading
Asian equities traded in the US as American depositary receipts were trending lower Friday morning, declining 0.9% to 1,933.52 on the S&P Asia 50 ADR Index. The index is down 0.5% for the week so far.
Cango (CANG.US) had a revenue of 64.4 million yuan in the first quarter with a 14.3% year-on-year net income growth.
On June 14th, Gelunhui announced the financial report for the first quarter of 2024 for Cango (CANG.US). The total revenue in the first quarter of 2024 was RMB 64.4 million, operating profit was RMB 74.2 million, a year-on-year growth of 43.1%. The net income was RMB 90 million, a year-on-year growth of 14.3%. Under non-US GAAP, the adjusted net income was RMB 95.7 million. Under non-US GAAP, the adjusted diluted net income per ADS was RMB 0.91 and RMB 0.85, respectively. As of March 3, 2024.
Cango | 6-K: Report of foreign private issuer (related to financial reporting)