SOGPNasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
Sound Group Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026
$9.85+0.02 (+0.20%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
29.2%+4.7 pts over 5 years
Operating margin
7.0%+12.9 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +52.7% | +12.4% | +15.6% | – | |
| Gross profit | +62.5% | +8.1% | +19.7% | – | |
| Operating income | – | +48.2% | – | – | |
| EPS, diluted | – | +44.2% | – | – | |
| Free cash flow | – | +30.5% | +71.3% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 9.0% | – | |
| Return on assets | – | -27.2% | – | |
| Current ratio | – | 1.45 | 1.94 | |
| Interest coverage | – | -37.0× | – | |
| Capex to revenue | – | 1.4% | 0.1% | |
| Diluted shares | – | 883M | 944M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Sound generated CN¥600.24M from operations and spent CN¥91.19M on capital expenditure, dividends and share buybacks. 57% of that went back into the business.
Generated
CN¥600.24M
Used
CN¥91.19M
Capital expenditureCN¥52.25M57%DividendsCN¥00%Share buybacksCN¥38.95M43%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.0%
×Asset turnover3.73×
×Equity multiplier2.03×
=Return on equity, FY2024-30.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -4.0% | 3.73× | 2.03× | -30.3% |
| FY2023 | -6.5% | 3.09× | 1.94× | -38.9% |
| FY2022 | 4.0% | 3.08× | 2.19× | 26.7% |
| FY2021 | -6.0% | 3.83× | 2.61× | -60.0% |
| FY2020 | -5.5% | 4.97× | -0.33× | 9.0% |
| FY2019 | -11.3% | 6.26× | -0.13× | 9.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroCN¥280.03M
- Return on assets improvedROA up on the prior year-14.3% → –
- Earnings backed by cashOperating cash flow above net incomeCN¥280.03M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.62 → 1.94
- No dilutionShare count did not rise1.03B → 944M
- Gross margin improvedGross margin up on the prior year27.41% → 29.17%
- More efficientAsset turnover rose3.59 → 5.95