Sound Group Inc. (SOGP) Cash Flow Statement
Where SOGP’s cash came from and went, 2025
December 31, 2025 · Chinese yuan- Cash from operations
- CN¥272.4M
- Capital expenditures
- CN¥3.4M 0.1% of revenue
- Free cash flow
- CN¥269.0M 8.9% margin
- Returned to shareholders
- CN¥57.4M 21% of free cash flow
- Change in cash
- CN¥226.2M cash at year-end CN¥660.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
SOGP operating cash flow, capex and free cash flow
SOGP cash flow trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −CN¥31.3M2017 | CN¥272.4M2025 | — | |
| Capital expenditures | CN¥12.7M2017 | CN¥3.4M2025 | −15.3%/yr | |
| Free cash flow | −CN¥44.0M2017 | CN¥269.0M2025 | — | |
| Free cash flow margin | −9.7%2017 | 8.9%2025 | +18.6 pts | |
| Operating cash flow / net income | 1.582022 | 1.242025 | −0.34 | |
| Stock-based compensation | CN¥02019 | CN¥4.5M2025 | — | |
| Dividends paid | CN¥02023 | CN¥29.5M2025 | — | |
| Share buybacks (net) | CN¥02022 | CN¥28.0M2025 | — | |
| Capex / revenue | 2.8%2017 | 0.1%2025 | −2.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SOGP cash flow by activity
SOGP net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SOGP cash flow statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | CN¥220.3M | −CN¥81.0M | −CN¥126.7M | CN¥86.5M | −CN¥127.2M | −CN¥82.2M | −CN¥133.0M | −CN¥9.3M | −CN¥153.7M |
| Depreciation & amortization | CN¥22.3M | CN¥28.8M | CN¥31.1M | CN¥33.8M | CN¥31.2M | CN¥27.8M | CN¥12.5M | CN¥9.8M | CN¥5.9M |
| Stock-based compensation | CN¥4.5M | CN¥14.2M | CN¥26.8M | CN¥29.2M | CN¥37.4M | CN¥50.7M | CN¥0 | — | — |
| Change in working capital | CN¥27.6M | CN¥8.1M | −CN¥132.0M | −CN¥14.3M | CN¥17.5M | CN¥41.6M | CN¥25.8M | CN¥13.0M | CN¥111.8M |
| Other non-cash items | −CN¥2.3M | CN¥3.4M | CN¥83.8M | CN¥1.0M | CN¥738,000 | CN¥2.0M | −CN¥1.2M | CN¥516,000 | CN¥4.6M |
| Cash from operating activities | CN¥272.4M | −CN¥26.5M | −CN¥117.0M | CN¥136.3M | −CN¥40.4M | CN¥40.0M | −CN¥95.8M | CN¥14.0M | −CN¥31.3M |
| Investing activities | |||||||||
| Capital expenditures | −CN¥3.4M | −CN¥12.2M | −CN¥7.2M | −CN¥11.8M | −CN¥20.9M | −CN¥23.0M | −CN¥29.4M | −CN¥17.4M | −CN¥12.7M |
| Investments (net) | CN¥0 | −CN¥12.0M | CN¥111.0M | −CN¥122.8M | CN¥52.1M | −CN¥94.6M | −CN¥29.4M | — | — |
| Acquisitions & other investing | −CN¥343,400 | CN¥12.2M | — | CN¥11.8M | CN¥20.9M | CN¥23.0M | CN¥29.4M | CN¥42,000 | −CN¥500,000 |
| Cash from investing activities | −CN¥3.7M | −CN¥12.0M | — | −CN¥122.8M | CN¥52.1M | −CN¥94.6M | −CN¥29.4M | −CN¥17.4M | −CN¥13.2M |
| Financing activities | |||||||||
| Dividends paid | −CN¥29.5M | CN¥0 | CN¥0 | — | — | — | — | — | — |
| Share repurchases & issuance (net) | −CN¥28.0M | −CN¥10.2M | CN¥0 | CN¥0 | — | — | — | — | — |
| Net borrowing (repayment) | −CN¥7.2M | CN¥7.2M | −CN¥74.0M | CN¥4.8M | CN¥29.5M | — | — | — | — |
| Shares issued | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥183.2M | CN¥259.0M | CN¥0 | CN¥0 | CN¥0 |
| Other financing | CN¥221,125 | CN¥7,000 | CN¥2.3M | CN¥5,000 | CN¥3,000 | CN¥39.0M | CN¥0 | — | CN¥237.8M |
| Cash from financing activities | −CN¥64.4M | −CN¥3.0M | −CN¥71.7M | CN¥4.8M | CN¥212.7M | CN¥298.0M | CN¥0 | — | CN¥237.8M |
| Summary | |||||||||
| Net change in cash | CN¥226.2M | −CN¥44.5M | −CN¥80.9M | CN¥41.1M | CN¥218.3M | CN¥236.4M | −CN¥122.9M | −CN¥905,000 | CN¥188.1M |
| Cash at end of period | CN¥660.3M | CN¥453.2M | CN¥497.6M | CN¥578.5M | CN¥537.4M | CN¥319.2M | CN¥82.7M | CN¥205.6M | CN¥206.5M |
| Free cash flow | CN¥269.0M | −CN¥38.6M | −CN¥124.3M | CN¥124.4M | −CN¥61.4M | CN¥17.0M | −CN¥125.1M | −CN¥3.5M | −CN¥44.0M |
| Free cash flow margin | 8.9% | −1.9% | −6.0% | 5.7% | −2.9% | 1.1% | −10.6% | −0.4% | −9.7% |
| Capex / revenue | 0.1% | 0.6% | 0.3% | 0.5% | 1.0% | 1.5% | 2.5% | 2.2% | 2.8% |
| Operating cash flow / net income | 1.24 | — | — | 1.58 | — | — | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported; data from EODHD.
SOGP cash generation
In fiscal 2025 (ended December 31, 2025), Sound generated CN¥272.4 million of cash from operations and spent CN¥3.4 million on capital expenditures, leaving free cash flow of CN¥269.0 million, 8.9% of revenue. It returned CN¥57.4 million to shareholders through dividends (CN¥29.5 million) and net share buybacks (CN¥28.0 million). Cash and equivalents rose by CN¥226.2 million over the year.
Related: SOGP income statement, SOGP balance sheet, SOGP dividend history. See the SOGP stock overview for the latest quote and news.
SOGP cash flow FAQ
What is Sound's free cash flow?
Sound's free cash flow was CN¥269.0 million in fiscal 2025: CN¥272.4 million of operating cash flow minus CN¥3.4 million of capital expenditures It was -CN¥38.6 million a year earlier..
How much cash does Sound generate from operations?
Sound generated CN¥272.4 million of cash from operating activities in fiscal 2025, 1.24 times its net income of CN¥220.3 million.
How much does Sound spend on capital expenditures?
Sound spent CN¥3.4 million on capital expenditures in fiscal 2025, 0.1% of revenue, compared with CN¥12.2 million the year before.
How much stock does Sound buy back?
Sound spent CN¥28.0 million on net share repurchases in fiscal 2025.
How much does Sound pay in dividends?
Sound paid CN¥29.5 million in dividends in fiscal 2025, 10.9% of free cash flow.