olivLaw · US equity research
Sound Group Inc. SOGP
Services-Computer Programming, Data Processing, Etc. · SIC 7370 · Vertical: Services-Computer Programming, Data Processing, Etc. (SIC 7370)
Sound Group Inc. (SOGP) runs online audio and AI applications, monetized mainly through value-added services such as virtual gifts, and carries out nearly all its China operations through variable interest entities. In a year when revenue grew and the company moved to operating profit, the dynamics of monetization and the regulatory risks tied to its structure are worth following.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Sound Group Inc. (SOGP) stock was 10.51 USD (−2.23% on the day), with market capitalisation 8.8 bn USD, P/E 350.3 on diluted EPS of 0.03 USD over the last 12 months, dividend yield 0.05%, beta 1.27, 52-week range 9.83–18.22 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 42.2
- weak (30–45)
- Bollinger (20, 2)
- 9.79 – 11.86
- in the lower half of the band · %B 0.35 · band width 19.1%
- SMA 50 / 200
- 11.38 / 12.89
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.08 / -0.10
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.6% | −2.0% | −1.6 pp | — |
| 3 months | −17.5% | −2.2% | −15.3 pp | — |
| 6 months | −30.9% | +4.3% | −35.2 pp | — |
| Year to date | −9.6% | +10.6% | −20.1 pp | — |
| 1 year | −21.0% | +10.5% | −31.4 pp | −14.0% |
| 3 years | +184.1% | +73.7% | +110.4 pp | +0.8% |
| 5 years | −63.5% | +61.7% | −125.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 2-quarter history (min 387.3, median 508.7, max 630.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | unavailable | 169.6 m | 230.3 m | 332.6 m | 316.8 m | 291.8 m | 278.4 m | 443.7 m |
| Revenue YoY | unavailable | unavailable | +35.8% | +44.4% | −4.7% | −7.9% | −4.6% | +59.4% |
| Net income | unavailable | -19.1 m | -12.6 m | -20.0 m | 12.5 m | -18.9 m | -11.1 m | 31.6 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | −251.1% | unavailable | unavailable |
| Diluted EPS | -0.87 | -4.13 | -0.04 | -0.02 | 0.01 | -0.02 | -0.01 | 0.03 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | −300.0% | unavailable | unavailable |
| net % | unavailable | -11.3% | -5.5% | -6.0% | 4.0% | -6.5% | -4.0% | 7.1% |
| Free cash flow | unavailable | -17.8 m | 2.9 m | -9.5 m | 18.1 m | -17.3 m | -5.1 m | 39.6 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 93.7 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 53.5 m USD
- Total assets
- 107.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.94x
- ROE
- 76.1%
- ROA
- 35.3%
- FCF margin
- 8.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 230.3 m | 332.6 m | 316.8 m | 291.8 m | 278.4 m | 443.7 m | SEC (XBRL)· 30 Apr 2026verified |
| Cost of revenue | 173.9 m | 235.8 m | 213.0 m | 209.4 m | 202.1 m | 314.3 m | SEC (XBRL)· 30 Apr 2026verified |
| Gross profit | 56.4 m | 96.8 m | 103.9 m | 82.4 m | 76.3 m | 129.4 m | SEC (XBRL)· 30 Apr 2026verified |
| Research & development | 34.5 m | 41.5 m | 41.1 m | 42.5 m | 31.9 m | 34.4 m | SEC (XBRL)· 30 Apr 2026verified |
| Operating income | -13.6 m | -21.7 m | 9.7 m | -20.8 m | -12.3 m | 31.0 m | SEC (XBRL)· 30 Apr 2026verified |
| Interest expense | 367.0 k | — | — | 220.0 k | 57.0 k | — | SEC (XBRL)· 29 Apr 2025verified |
| Pre-tax income | -12.4 m | -19.9 m | 12.6 m | -18.9 m | -10.6 m | 32.0 m | SEC (XBRL)· 30 Apr 2026verified |
| Income tax | 153.0 k | 59.0 k | 30.0 k | 61.0 k | 447.0 k | 398.0 k | SEC (XBRL)· 30 Apr 2026verified |
| Net income | -12.6 m | -20.0 m | 12.5 m | -18.9 m | -11.1 m | 31.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Diluted EPS | -0.04 | -0.02 | 0.01 | -0.02 | -0.01 | 0.03 | SEC (XBRL)· 30 Apr 2026verified |
| Weighted average diluted shares | 883.2 m | 991.7 m | 1.0 bn | 1.1 bn | 1.0 bn | 943.6 m | SEC (XBRL)· 30 Apr 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 48.3 m | 83.7 m | 82.4 m | 69.7 m | 60.5 m | 93.7 m | SEC (XBRL)· 30 Apr 2026verified |
| Receivables | 1.3 m | 1.0 m | 469.0 k | 219.0 k | 148.0 k | 139.0 k | SEC (XBRL)· 30 Apr 2026verified |
| Current assets | 64.4 m | 90.6 m | 104.9 m | 75.1 m | 67.0 m | 101.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Property, plant & equipment, net | 5.3 m | 5.2 m | 3.8 m | 2.4 m | 2.3 m | 1.7 m | SEC (XBRL)· 30 Apr 2026verified |
| Intangibles (excl. goodwill) | 449.0 k | 352.0 k | 172.0 k | 196.0 k | 161.0 k | 126.0 k | SEC (XBRL)· 30 Apr 2026verified |
| Total assets | 71.1 m | 100.9 m | 112.6 m | 79.8 m | 71.4 m | 107.2 m | SEC (XBRL)· 30 Apr 2026verified |
| Accounts payable | 12.0 m | 12.7 m | 7.8 m | 6.1 m | 5.4 m | 8.4 m | SEC (XBRL)· 30 Apr 2026verified |
| Short-term debt | 6.1 m | 10.8 m | 10.7 m | — | 985.0 k | — | SEC (XBRL)· 29 Apr 2025verified |
| Current liabilities | 44.2 m | 57.5 m | 53.9 m | 38.4 m | 41.5 m | 52.2 m | SEC (XBRL)· 30 Apr 2026verified |
| Total liabilities | 45.2 m | 60.9 m | 55.6 m | 39.0 m | 42.1 m | 53.7 m | SEC (XBRL)· 30 Apr 2026verified |
| Equity | 25.9 m † | 40.0 m † | 56.9 m | 40.8 m | 29.4 m | 53.5 m | SEC (XBRL)· 30 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 6.1 m | -6.3 m | 19.8 m | -16.5 m | -3.6 m | 40.0 m | SEC (XBRL)· 30 Apr 2026verified |
| Capex | 3.3 m | 3.2 m | 1.7 m | 840.0 k | 1.5 m | 493.0 k | SEC (XBRL)· 30 Apr 2026verified |
| Free cash flow | 2.9 m ≈ | -9.5 m ≈ | 18.1 m ≈ | -17.3 m ≈ | -5.1 m ≈ | 39.6 m ≈ | SEC (XBRL)· 30 Apr 2026derived |
| Investing cash flow | -14.5 m | 8.2 m | -17.8 m | 14.9 m | -1.6 m | -544.0 k | SEC (XBRL)· 30 Apr 2026verified |
| Financing cash flow | 45.7 m | 33.4 m | 692.0 k | -10.1 m | -410.0 k | -9.5 m | SEC (XBRL)· 30 Apr 2026verified |
| Dividends paid | — | — | — | — | — | 4.3 m | SEC (XBRL)· 30 Apr 2026verified |
| Share repurchases | — | — | — | 130.0 k | 1.4 m | 4.1 m | SEC (XBRL)· 30 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 8.8 bn USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 29.2% | 0 (on a fixed band) | 14% |
| EBIT margin · Quality | 7.0% | 62 (vs peers) | 11% |
| FCF margin · Quality | 8.9% | 36 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 11.9% | 48 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 59.4% | 87 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.9x | 67 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 0.5% | 9 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 0.1% | 35 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial67/100 · 1/2 factors with a value
- Growth61/100 · 2/2 factors with a value
- Quality30/100 · 3/3 factors with a value
- Returns35/100 · 1/1 factors with a value
- Valuation· partial9/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Sound Group Inc. (SOGP). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 443.7 m USD in 2025; YoY growth 59.4%; net margin 7.1%; ROE 70.4%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue growth (YoY): 59.4%
What contradicts it
- Gross margin: 29.2%
- FCF yield: 0.5%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Computer Programming, Data Processing, Etc. (SIC 7370) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| GOOGLAlphabet Inc. | 3,442.7 bn | 14.6 | 44.3% | 50.0% | +15.1% | −13% / +111% |
| APPAppLovin Corporation | 82.3 bn | 18.9 | 203.7% | 64.6% | +70.0% | −59% / +555% |
| NBISNebius Group N.V. | 35.8 bn | 428.8 | 2.1% | 15.6% | +479.0% | +49% / unavailable |
| FDSFactset Research Systems Inc | 12.1 bn | 23.5 | 25.5% | 21.5% | +6.7% | +23% / −25% |
| DOCNDigitalOcean Holdings, Inc. | 9.9 bn | 281.3 | 5.1% | 3.1% | +15.5% | +89% / +184% |
| MTCHMatch Group, Inc. | 9.1 bn | 13.7 | — | 20.7% | +0.2% | +21% / +24% |
| SOGPSound Group Inc. | 8.8 bn | 350.3 | 70.4% | 7.1% | +59.4% | −21% / +184% |
| SIFYSify Technologies Ltd | 5.8 bn | — | -4.1% | -2.0% | +9.0% | +20% / +53% |
| WIXWix.com Ltd. | 4.4 bn | 91.5 | — | 2.5% | +13.2% | −16% / −21% |
| MGNIMagnite, Inc. | 3.3 bn | 21.9 | 19.6% | 22.5% | +6.9% | +55% / +182% |
| GRNDGrindr Inc. | 2.4 bn | 27.6 | 108.7% | 18.7% | +27.6% | +9% / +108% |
| DVDoubleVerify Holdings, Inc. | 2.1 bn | 34.0 | 5.8% | 8.2% | +13.9% | +29% / −59% |
| BZKanzhun Limited | 1.7 bn | 41.6 | 16.0% | 33.1% | +17.3% | −21% / +6% |
| WBWeibo Corporation | 1.6 bn | 3.8 | 12.1% | 25.6% | +0.1% | −35% / −36% |
| DJTTrump Media & Technology Group Corp. | 1.2 bn | — | -78.9% | -28,867.7% | +1.8% | −61% / −74% |
| TRIPTripadvisor, Inc. | 1.2 bn | 332.1 | 0.8% | 0.3% | +3.1% | −31% / −43% |
| SMWBSimilarweb Ltd. | 766.1 m | — | -129.6% | -11.7% | +13.1% | +13% / +75% |
| BMBLBumble Inc. | 718.8 m | — | -94.7% | -58.0% | −9.9% | +69% / −57% |
| RXTRackspace Technology, Inc. | 716.2 m | — | — | -5.9% | −1.9% | +165% / +123% |
| NEXNNexxen International Ltd. | 513.3 m | 22.2 | 5.0% | 6.9% | −0.2% | +41% / +151% |
| RZLVRezolve AI plc | 460.8 m | — | -98.7% | -216.7% | +2,224.2% | −55% / −87% |
| YALAYalla Group Limited | 413.9 m | 6.8 | 19.6% | 43.3% | +0.7% | −20% / −6% |
| ZIPZiprecruiter, Inc. | 321.9 m | 12.9 | — | 6.2% | −5.3% | −5% / −66% |
| BLNDBlend Labs, Inc. | 302.7 m | — | — | -3.3% | +6.8% | −59% / +1% |
| SSTSystem1, Inc. | 161.0 m | — | -581.6% | -50.7% | −22.6% | −53% / −88% |
1- and 3-year price returns: for SOGP from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 8.41 Total return -20% · Per year -20% | 14.81 Total return 41% · Per year 41% | 22.25 Total return 112% · Per year 112% |
| 3 years | 9.41 Total return -10% · Per year -4% | 18.54 Total return 76% · Per year 21% | 30.39 Total return 189% · Per year 42% |
| 5 years | 10.54 Total return 0% · Per year 0% | 23.21 Total return 121% · Per year 17% | 41.51 Total return 295% · Per year 32% |
- Exit P/E± 4.64
- Net margin± 3.24
- Annual revenue growth± 2.49
- Annual dilution± 0.27
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Apr 2026; since then the company filed 6-K (26 Aug 2026).
In brief
Sound Group Inc. (SOGP) runs online audio and AI applications, monetized mainly through value-added services such as virtual gifts, and carries out nearly all its China operations through variable interest entities. In a year when revenue grew and the company moved to operating profit, the dynamics of monetization and the regulatory risks tied to its structure are worth following.
SWOT
Strengths
- The company returned to operating profit in fiscal 2025 after losses in earlier years and has a revenue model diversified across virtual items and subscriptions 1.
- An integrated technology infrastructure, called SoundSphere, supports marketing and product development efficiency 1.
- The paying user base increased in the second half of 2025 compared with the prior period 1.
Weaknesses
- Revenue depends almost entirely on value-added services, which makes the company vulnerable to changes in user behavior 1.
- Cost of revenues is dominated by fees paid to hosts and guilds, which limits gross margin 1.
- Control over China operations rests on contractual arrangements rather than direct ownership, which can be less effective 1.
Opportunities
Threats
- New rules on data security and overseas listings could impose extra requirements or restrict operations 1.
- If authorities found the contractual arrangements unlawful, the company could lose control over its operating entities 1.
- Currency and transfer restrictions in China may limit payment of dividends to shareholders 1.
Risks
- Variable interest entity structurehigh
Control over China operations rests on contractual arrangements, and exercising that control can be harder than with direct ownership 1.
- Data security regulationhigh
The legal framework for data and cross-border transfer is changing and may require security assessments that raise costs or limit activity 1.
- Approvals for overseas listingmedium
Chinese authorities could require additional approvals for listing or issuing securities abroad, which could affect the company's listing status 1.
- Dependence on virtual itemsmedium
Revenue relies almost entirely on value-added services, so lower user engagement would have a direct effect on revenue 1.
- Dividend restrictionslow
Subsidiaries in China must set aside reserve funds and can pay dividends only from distributable profits, which could limit payments to shareholders 1.
Investment thesis
What would need to be true (bull case)
- The company moved from operating losses to operating profit in fiscal 2025, which could point to better efficiency 1.
- AI application subscriptions are growing as a share of revenue, and if the trend continues it could diversify the monetization model 1.
- Integrated technology infrastructure could support growth without a proportional rise in costs 1.
What would break the thesis
- Nearly all revenue comes from value-added services, which makes the company sensitive to shifts in user behavior 1.
- The contractual structure and Chinese data rules could create legal and operational risks that are hard to anticipate 1.
- Fees paid to hosts and guilds make up most selling-related costs, which could limit margins if pressure rises 1.
What to watch
- Trend in average total monthly paying usersQ1 2027
- Share of subscription and other revenue in total2027
- Any new regulatory requirements on data or overseas listingsnext 10-K
- Operating margin after the return to profit in fiscal 20252027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Apr 2026; since then the company filed 6-K (26 Aug 2026).
The business
Sound Group Inc., formerly known as LIZHI INC., is a Cayman Islands holding company headquartered in Singapore that conducts its China business through the variable interest entities Guangzhou Lizhi and Guangzhou Huanliao, controlled through contractual arrangements 1. The company was established in 2010 and launched the LIZHI app in 2013, and its ADSs have traded on Nasdaq under the symbol SOGP since January 2024 1. Net revenues in fiscal 2025 reached 3102.754 million RMB, up from the prior year 1.
Segments
Value-added services (audio and entertainment)
This segment accounts for most revenue and consists mainly of sales of virtual items, such as gifts sent to hosts, while a large part of cost of revenues is paid to hosts and guilds as revenue sharing fees 1. The segment represented 98.5% of net revenues in fiscal 2025 1.
Subscription and others (AI, podcasts, advertising)
This line covers subscriptions to AI applications, podcasts and advertising, and its revenue rose from 13.208 million RMB in 2024 to 46.328 million RMB in 2025, although it remains a small share of total revenue 1.
Market context
The company operates in online audio, entertainment and AI application markets, where demand depends on mobile internet use, mobile payments and user preferences, and average total monthly paying users were 424.0 thousand in the second half of 2025 1. Its revenue sits within a tightly regulated framework in China, where internet, data and overseas listing policies can directly influence operations 1.
Trends
- Growing use of AI applicationstailwind
Users who rely on AI tools for work and daily life could become more willing to subscribe, which would support subscription revenue 1.
- Monetization through virtual itemsmixed
Stronger interaction between users and creators could lift sales of virtual items, the main revenue source, but reliance on this model makes the company sensitive to shifts in user behavior 1.
- Data security and cross-border transfer rulesheadwind
Chinese rules on data security and cross-border transfer require assessments and additional formalities that can raise compliance costs and limit operations 1.
- Operating efficiency and scaletailwind
Investment in integrated technology infrastructure could lower operating costs as the base of paying users grows, supporting long-term margins 1.
Competitive position
The source provided does not detail direct competitors, so the competitive picture rests on how the company describes its model: competition for hosts and content creators and for user attention in audio and AI 1. The company describes its ability to attract and retain hosts as critical to expanding its user base 1.
- China-based audio and podcast platforms
Compete for hosts, creators and users in online audio, according to the company's description of attracting creators 1.
- AI productivity and communication applications
Compete for subscribers in AI applications, where product utility and usage frequency shape conversion 1.
- Entertainment platforms with virtual goods
Compete for user spending on virtual items and mini-games, where engagement levels decide average spend per payer 1.
- Independent content providers and creators
Could attract hosts to other platforms, which would affect the stability of the company's creator ecosystem 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)26 Aug 2026
- Current report (foreign issuer)30 Apr 2026
- Annual report (foreign issuer)30 Apr 2026
- Current report (foreign issuer)31 Mar 2026
- Current report (foreign issuer)15 Oct 2025
- Current report (foreign issuer)07 Oct 2025
- Current report (foreign issuer)04 Sept 2025
- Current report (foreign issuer)28 Aug 2025
- Current report (foreign issuer)09 Jun 2025
- Current report (foreign issuer)29 Apr 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Sound Group Inc. · 30 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.