Sound Group Inc. (SOGP) Key Metrics
SOGP key metrics, 2017–2025
Fiscal year ended December 31, 2025 · Chinese yuanSOGP returns How much profit the business earns on the capital it uses.
SOGP financial health Debt, liquidity and how easily interest is covered.
SOGP efficiency & capital use Working capital cycle and where the cash goes.
SOGP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SOGP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SOGP cash returned to shareholders
SOGP key metrics in Chinese yuan
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | |||||||||
| Return on equity (ROE) | 69.2% | −26.0% | −36.6% | 26.7% | −60.0% | — | — | — | — |
| Return on assets (ROA) | 34.7% | −12.8% | −18.9% | 12.2% | −23.0% | −27.2% | −70.5% | −3.9% | −63.4% |
| Return on tangible assets | 29.4% | −13.4% | −22.4% | 11.2% | −19.9% | −17.8% | −95.7% | −4.0% | −63.9% |
| Free cash flow margin | 8.9% | −1.9% | −6.0% | 5.7% | −2.9% | 1.1% | −10.6% | −0.4% | −9.7% |
| Income quality (OCF / net income) | 1.24 | — | — | 1.58 | — | — | — | — | — |
| Financial health | |||||||||
| Total debt | CN¥24.6M | CN¥19.9M | — | CN¥100.3M | CN¥100.0M | CN¥43.8M | CN¥157,917 | — | — |
| Cash & short-term investments | CN¥660.3M | CN¥441.9M | CN¥495.0M | CN¥679.5M | CN¥533.3M | CN¥388.5M | CN¥82.7M | CN¥205.6M | CN¥206.5M |
| Net debt | −CN¥635.7M | −CN¥422.0M | −CN¥495.0M | −CN¥579.2M | −CN¥433.3M | −CN¥344.7M | −CN¥82.6M | −CN¥205.6M | −CN¥206.5M |
| Debt / equity | 0.06 | 0.08 | — | 0.26 | 0.39 | 0.26 | — | — | — |
| Debt / assets | 0.03 | 0.04 | — | 0.13 | 0.16 | 0.09 | 0.00 | — | — |
| Net debt / EBITDA | −2.72 | — | — | −4.71 | — | — | — | −147.92 | — |
| Current ratio | 1.94 | 1.62 | 1.96 | 1.95 | 1.58 | 1.45 | 0.54 | 1.40 | 1.49 |
| Quick ratio | 1.94 | 1.62 | 1.96 | 1.95 | 1.58 | 1.45 | 0.54 | 1.40 | 1.49 |
| Interest coverage | — | -215.6 | -88.5 | 26.9 | -47.7 | -49.4 | -516.0 | -44.6 | -73.6 |
| Working capital | CN¥345.4M | CN¥186.6M | CN¥260.5M | CN¥352.0M | CN¥211.0M | CN¥131.3M | −CN¥87.7M | CN¥62.2M | CN¥76.0M |
| Invested capital | −CN¥234.4M | −CN¥186.7M | −CN¥195.5M | −CN¥186.5M | −CN¥178.4M | −CN¥175.5M | −CN¥2.08B | −CN¥1.13B | −CN¥909.6M |
| Tangible asset value | CN¥373.7M | CN¥211.9M | CN¥290.0M | CN¥390.5M | CN¥252.6M | CN¥166.3M | −CN¥2.00B | −CN¥927.4M | −CN¥705.2M |
| Net current asset value | CN¥335.5M | CN¥182.2M | CN¥256.5M | CN¥339.8M | CN¥189.5M | CN¥125.3M | −CN¥2.03B | −CN¥944.6M | −CN¥714.6M |
| Capital allocation | |||||||||
| Dividends paid | CN¥29.5M | CN¥0 | CN¥0 | — | — | — | — | — | — |
| Share buybacks (net) | CN¥28.0M | CN¥10.2M | CN¥0 | CN¥0 | — | — | — | — | — |
| Dividend payout ratio | 13.4% | — | — | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 21.3% | — | — | 0.0% | — | — | — | — | — |
| Capex / revenue | 0.1% | 0.6% | 0.3% | 0.5% | 1.0% | 1.5% | 2.5% | 2.2% | 2.8% |
| Capex / operating cash flow | 1.2% | — | — | 8.7% | — | 57.5% | — | 124.7% | — |
| Capex / depreciation | 0.15 | 0.42 | 0.23 | 0.35 | 0.67 | 0.83 | 2.34 | 1.78 | 2.16 |
| Stock-based compensation / revenue | 0.1% | 0.7% | 1.3% | 1.3% | 1.8% | 3.4% | 0.0% | — | — |
| R&D / revenue | 7.7% | 11.5% | 14.6% | 13.0% | 12.5% | 15.0% | 13.4% | 10.4% | 9.5% |
| SG&A / revenue | 14.8% | 20.4% | 20.8% | 16.8% | 23.2% | 15.4% | 3.9% | 20.3% | 50.6% |
| Efficiency | |||||||||
| Days sales outstanding | 2.1 | 1.2 | 0.9 | 1.9 | 2.3 | 2.1 | 2.1 | 4.9 | 11.7 |
| Days of inventory on hand | — | 0.0 | — | 0.0 | — | 0.0 | 0.0 | 0.0 | — |
| Days payables outstanding | 8.4 | 10.2 | 11.9 | 16.7 | 19.3 | 24.2 | 29.9 | 41.7 | 57.9 |
| Cash conversion cycle (days) | -6.3 | -9.1 | -11.0 | -14.8 | -17.1 | -22.1 | -27.8 | -36.8 | -46.1 |
| Receivables turnover | 177.52 | 317.27 | 422.77 | 187.58 | 161.73 | 170.98 | 176.93 | 74.26 | 31.09 |
| Payables turnover | 43.55 | 35.73 | 30.64 | 21.82 | 18.89 | 15.07 | 12.22 | 8.76 | 6.31 |
| Inventory turnover | — | 737,474,000.00 | — | 734,460,500.00 | — | 1,134,678,000.00 | 606,770,000.00 | 282,817,000.00 | — |
| Asset turnover | 4.75 | 3.73 | 3.09 | 3.08 | 3.83 | 4.97 | 6.26 | 3.33 | 1.87 |
| Average receivables | CN¥17.0M | CN¥6.4M | CN¥4.9M | CN¥11.7M | CN¥13.1M | CN¥8.8M | CN¥6.7M | CN¥10.8M | CN¥14.6M |
| Average payables | CN¥49.1M | CN¥41.3M | CN¥48.5M | CN¥67.3M | CN¥79.5M | CN¥75.3M | CN¥74.5M | CN¥64.6M | CN¥52.5M |
| Average inventory | — | CN¥2 | — | CN¥2 | — | CN¥1 | CN¥2 | CN¥2 | — |
| Intangibles / total assets | 0.1% | 0.5% | 0.0% | 0.3% | 0.3% | 0.6% | 1.2% | 0.6% | 0.9% |
Computed from SOGP's annual financial statements (latest annual report filed April 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Chinese yuan; data from EODHD. Averages use the opening and closing balance of each year.
SOGP valuation and financial ratios
Sound earned a return on equity of 69.2% in fiscal 2025. It ended the year with CN¥24.6 million of debt and CN¥660.3 million in cash and short-term investments, a net cash position of CN¥635.7 million. It returned CN¥57.4 million to shareholders: CN¥29.5 million in dividends and CN¥28.0 million in share buybacks, 21% of free cash flow.
See the SOGP income statement, the SOGP chart for price history, or the SOGP stock overview for the latest quote and news.
SOGP key metrics FAQ
What is Sound's return on equity?
Sound's return on equity (ROE) was 69.2% in fiscal 2025: net income of CN¥220.3 million on average shareholders' equity of CN¥318.3 million.
How much debt does Sound have?
Sound had total debt of CN¥24.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.06 and more cash than debt.
Does Sound buy back its shares?
Yes. Sound spent CN¥28.0 million on net share repurchases in fiscal 2025.
What is Sound's current ratio?
Sound's current ratio was 1.94 at the end of fiscal 2025: current assets were 1.94 times current liabilities.