Q1 2025 Cango Inc Earnings Call Transcript

May 15, 2025

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May 15, 2025 / 01:00AM GMT
Operator

Good morning and evening, everyone. Welcome to Cango Inc.'s First Quarter 2025 Earnings Conference Call. (Operator Instructions) This call is also being broadcast live on the company's IR website. Joining us today are Mr. Jiayuan Lin, Chief Executive Officer; and Mr.

Yongyi Zhang, Chief Financial Officer of the company. Following management's prepared remarks, we will conduct the Q&A session. Before we begin, I refer you to the safe harbor statement in the company's earnings release, which also applies to the conference call today as management will make forward-looking statements. With that said, I am now turning the call over to Mr. Jiayuan Lin, CEO of Cango.

Please go ahead, sir.

Lin Jiayuan - Cango Inc - Chief Executive Officer, Co-Founder, Director

Hi, everyone, and welcome to Cango's first quarter 2025 earnings call. In the first quarter of 2025, Bitcoin further solidified its dominance despite significant volatility in the cryptocurrency market. Amid global economic uncertainty, Bitcoin demonstrated strong resilience and stability

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