Organization (Tables)

12 Months Ended

Dec. 31, 2021

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

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.

The table sets forth the results of operations of the VIE included in the Company’s consolidated statements of comprehensive income

(loss):

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	)

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

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		—		—