Emerson's questions to Cango Inc (CANG) leadership • Q2 2024
Question
Emerson from Goldman Sachs questioned the rationale behind the lowered revenue guidance and asked how management balances long-term strategic goals with short-term financial pressures.
Answer
Executive Jiayuan Lin stated the reduced guidance reflects a strategic scaling back of certain operations to reallocate resources and cut costs in response to market conditions. He elaborated that the company balances short- and long-term objectives through an integrated planning process, focusing on immediate execution efficiency and cost control while maintaining strategic flexibility to adapt to market changes.