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Organization (Tables) | 12 Months Ended
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Dec. 31, 2021
Summary of Company's Subsidiaries and VIE | As of December 31, 2021, the Company’s subsidiaries and VIE are as follows:
Entity |  | Date of incorporation |  |  | Place of incorporation |  |  | Percentage of legal ownership by the Company |  |  | Principal activities
Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cango Group Limited (“Cango HK”) |  |  | October 31, 2017 |  |  |  | Hong Kong (“HK”) |  |  |  | 100 | % |  | Investment holding
Express Group Development Limited (“Express Limited”) |  |  | June 30, 2016 |  |  |  | HK |  |  |  | 100 | % |  | Investment holding
Can Gu Long (Shanghai) Information Technology Consultation Service Co., Ltd. (“Cangulong” or Wholly Foreign Owned Enterprise “WFOE”) |  |  | January 25, 2018 |  |  |  | PRC |  |  |  | 100 | % |  | Investment holding
VIE |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shanghai Cango Investment and Management Consultation Service Co., Ltd. (“Shanghai Cango”) |  |  | August 30, 2010 |  |  |  | PRC |  |  |  | Nil |  |  | Provision of automotive financing facilitation, automobile trading transaction and aftermarket service facilitation.
Condensed Statements of Comprehensive Income | The table sets forth the results of operations of the VIE included in the Company’s consolidated statements of comprehensive income (loss):
|  | For the years ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Revenues |  |  | 1,440,068,825 |  |  |  | 2,052,431,752 |  |  |  | 3,921,688,104 |  |  |  | 615,398,441 |
Net income |  |  | 353,558,726 |  |  |  | 399,366,632 |  |  |  | 37,717,411 |  |  |  | 5,918,685 |
Condensed Statements of Cash Flows | The table sets forth the cash flows of the VIE included in the Company’s consolidated statements of cash flows:
|  | For the years ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net cash provided by (used in) operating activities |  |  | 405,810,921 |  |  |  | (626,884,394 | ) |  |  | (374,886,851 | ) |  |  | (58,827,928 | )
Net cash (used in) provided by investing activities |  |  | (782,481,722 | ) |  |  | (81,038,760 | ) |  |  | 744,832,757 |  |  |  | 116,880,513 |
Net cash provided by (used in) financing activities |  |  | 1,004,220,135 |  |  |  | (71,082,260 | ) |  |  | (554,832,190 | ) |  |  | (87,065,278 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash |  |  | — |  |  |  | — |  |  |  | (55,087 | ) |  |  | (8,644 | )
Consolidated VIE [Member] |
Condensed Balance Sheets | The table sets forth the assets and liabilities of the VIE’s included in the Company’s consolidated balance sheets:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Cash and cash equivalents |  |  | 1,003,740,459 |  |  |  | 531,317,393 |  |  |  | 83,375,293 |
Other current assets |  |  | 3,194,408,176 |  |  |  | 3,899,508,069 |  |  |  | 611,917,909 |
Total current assets |  |  | 4,198,148,635 |  |  |  | 4,430,825,462 |  |  |  | 695,293,202 |
Finance lease receivables—non-current |  |  | 1,454,499,864 |  |  |  | 1,029,262,174 |  |  |  | 161,513,695 |
Other non-current assets |  |  | 1,754,832,407 |  |  |  | 2,272,293,047 |  |  |  | 356,572,364 |
Total non-current assets |  |  | 3,209,332,271 |  |  |  | 3,301,555,221 |  |  |  | 518,086,059 |
Total assets |  |  | 7,407,480,906 |  |  |  | 7,732,380,683 |  |  |  | 1,213,379,261 |
Short-term debts |  |  | 355,816,940 |  |  |  | 579,776,131 |  |  |  | 90,979,527 |
Other current liabilities |  |  | 2,088,849,541 |  |  |  | 2,561,535,815 |  |  |  | 401,960,866 |
Total current liabilities |  |  | 2,444,666,481 |  |  |  | 3,141,311,946 |  |  |  | 492,940,393 |
Long-term debts |  |  | 977,791,191 |  |  |  | 486,371,672 |  |  |  | 76,322,329 |
Other non-current liabilities |  |  | 17,394,154 |  |  |  | 11,715,736 |  |  |  | 1,838,455 |
Total non-current liabilities |  |  | 995,185,345 |  |  |  | 498,087,408 |  |  |  | 78,160,784 |
Total liabilities |  |  | 3,439,851,826 |  |  |  | 3,639,399,354 |  |  |  | 571,101,177 |
Consolidated Trust, ABS's and ABN [Member] |
Condensed Balance Sheets | The table sets forth the assets and liabilities of the consolidated Trusts and ABSs included in the Company’s consolidated balance sheets:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Finance lease receivables – current |  |  | 605,746,128 |  |  |  | — |  |  |  | — |
Other current assets |  |  | 224,309 |  |  |  | — |  |  |  | — |
Total current assets |  |  | 605,970,437 |  |  |  | — |  |  |  | — |
Finance lease receivable – non-current |  |  | 101,206,823 |  |  |  | — |  |  |  | — |
Total non-current assets |  |  | 101,206,823 |  |  |  | — |  |  |  | — |
Total assets |  |  | 707,177,260 |  |  |  | — |  |  |  | — |
Long-term debts—current |  |  | 401,761,874 |  |  |  | — |  |  |  | — |
Other current liabilities |  |  | 59,187 |  |  |  | — |  |  |  | — |
Total current liabilities |  |  | 401,821,061 |  |  |  | — |  |  |  | — |
Long-term borrowings |  |  | — |  |  |  | — |  |  |  | — |
Total non-current liabilities |  |  | — |  |  |  | — |  |  |  | — |
Total liabilities |  |  | 401,821,061 |  |  |  | — |  |  |  | — |

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