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Consolidated Balance Sheets
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 1,434,806,922 $ 225,152,516 ¥ 1,426,899,576
Restricted cash – current 61,293,114 9,618,227 9,693,008
Short-term investments 2,598,935,704 407,829,725 4,342,356,612
Accounts receivable, net of allowance of RMB nil and RMB nil (US$ nil) as of December 31, 2020 and 2021, respectively 223,544,396 35,078,994 141,594,170
Finance lease receivables - current, net of allowance of RMB18,097,313 and RMB25,274,933 (US$3,966,189) as of December 31, 2020 and 2021, respectively 1,414,164,625 221,913,289 2,035,397,525
Short-term consumer financing receivables, net of allowance of RMB2,304,639 and RMB nil (US$ nil) as of December 31, 2020 and 2021, respectively 0 0 23,168
Financing receivables, net of allowance of RMB16,265,330 and RMB50,492,700 (US$7,923,406) as of December 31, 2020 and 2021, respectively 62,296,261 9,775,643 20,105,893
Short-term contract asset 829,940,692 130,235,805 364,618,635
Prepayments and other current assets 982,948,637 154,246,091 558,360,959
Total current assets 7,607,930,351 1,193,850,290 8,899,049,546
Non-current assets      
Restricted cash - non-current 1,114,180,729 174,839,270 878,299,140
Goodwill 148,657,971 23,327,680 145,063,857
Property and equipment, net 19,545,933 3,067,183 10,311,971
Intangible assets 45,931,544 7,207,662 44,887,871
Long-term contract asset 495,456,805 77,747,984 281,374,110
Deferred tax assets 474,570,361 74,470,446 170,951,082
Finance lease receivables - non-current, net of allowance of RMB5,629,107 and RMB6,941,826 (US$1,089,324) as of December 31, 2020 and 2021, respectively 1,029,262,174 161,513,695 1,454,499,864
Other non-current assets 11,568,164 1,815,297 261,495,158
Total non-current assets 3,339,173,681 523,989,217 3,246,883,053
TOTAL ASSETS 10,947,104,032 1,717,839,507 12,145,932,599
Current liabilities      
Short-term debts (including short-term debts of the consolidated VIE without recourse to the Company of RMB355,816,940 and RMB579,776,131 (US$90,979,527) as of December 31, 2020 and December 31, 2021, respectively) 579,776,131 90,979,527 355,816,940
Long-term debts – current (including long-term debts – current of the consolidated VIE without recourse to the Company of RMB1,228,783,730 and RMB938,014,362 (US$147,194,922) as of December 31, 2020 and December 31, 2021, respectively), (including RMB401,761,874 and RMB nil (US$ nil) from consolidated trusts and ABSs as of December 31, 2020 and 2021, respectively) 938,014,362 147,194,922 1,228,783,730
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIE without recourse to the Company of RMB312,104,057 and RMB714,521,503 (US$112,124,016) as of December 31, 2020 and December 31, 2021, respectively), (including RMB59,187 and RMB nil (US$ nil) from consolidated trusts and ABSs as of December 31, 2020 and 2021, respectively) 719,035,377 112,832,342 324,734,202
Risk assurance liabilities (including risk assurance liabilities of the consolidated VIE without recourse to the Company of RMB460,829,299 and RMB699,022,914 (US$109,691,949) as of December 31, 2020 and December 31, 2021, respectively) 699,022,914 109,691,949 460,829,299
Income tax payable (including income tax payable of the consolidated VIE without recourse to the Company of RMB87,132,455 and RMB209,977,036 (US$32,949,979) as of December 31, 2020 and December 31, 2021, respectively) 481,854,105 75,613,424 87,132,455
Total current liabilities 3,417,702,889 536,312,164 2,457,296,626
Non-current liabilities      
Long-term debts (including long-term debts of the consolidated VIE without recourse to the Company of RMB977,791,191 and RMB486,371,672 (US$76,322,329) as of December 31, 2020 and December 31, 2021, respectively) 486,371,672 76,322,329 977,791,191
Deferred tax liability (including deferred tax liability of the consolidated VIE without recourse to the Company of RMB12,523,538 and RMB10,724,126 (US$1,682,849) as of December 31, 2020 and December 31, 2021, respectively) 51,471,040 8,076,929 330,765,029
Other non-current liabilities (including other non-current liabilities of the consolidated VIE without recourse to the Company of RMB4,870,616 and RMB991,610 (US$155,606) as of December 31, 2020 and December 31, 2021, respectively) 991,610 155,605 4,870,616
Total non-current liabilities 538,834,322 84,554,863 1,313,426,836
Total liabilities 3,956,537,211 620,867,027 3,770,723,462
Commitments and contingencies
Shareholders' equity      
Treasury shares (485,263,213) (76,148,387) (56,419,225)
Additional paid-in capital 4,671,769,821 733,102,630 4,591,455,557
Accumulated other comprehensive loss (187,517,110) (29,425,526) (115,386,427)
Retained earnings 2,991,373,063 469,411,710 3,955,354,972
Total Cango Inc.'s equity 6,990,566,821 1,096,972,480 8,375,209,137
Total shareholders' equity 6,990,566,821 1,096,972,480 8,375,209,137
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 10,947,104,032 1,717,839,507 12,145,932,599
Common Class A [Member]      
Shareholders' equity      
Ordinary shares 154,483 24,242 154,483
Common Class B [Member]      
Shareholders' equity      
Ordinary shares ¥ 49,777 $ 7,811 ¥ 49,777