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SOGP on Nasdaq

Sound Group Inc.

Sound Group Inc. is a computer programming, data processing services company, active since 2019.2 It is headquartered in Grand Cayman, Cayman Islands.2 Its shares trade on Nasdaq under the symbol SOGP.2

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Last updated Oct 21, 2026.

Overview

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  • TickerSOGP on Nasdaq2
  • IndustryServices-Computer Programming, Data Processing, Etc.2
  • HeadquartersGrand Cayman, Cayman Islands2
  • Incorporated inCayman Islands3
  • Business address108 Robinson Road, #09-01, Singapore, U0 0689003
  • Filer categoryNon-accelerated filer3
  • Legal formexempt company2
  • LEI5299000VHSK06TYKXB492
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o OSIRIS INTERNATIONAL CAYMAN LIMITED, P. O. Box 32311, Suite #4-210, Governors Square, 23 LimeTree Bay Avenue, KY1-1209 Grand Cayman, Cayman Islands2
  • Registered withGeneral Registry, 3469772

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2019, as a step to expand our business presence outside mainland China, we incorporated VOCAL BEATS Inc. (formerly known as NASHOR INC.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

29.2%Gross margin5
7.0%Operating margin5
7.1%Net margin5
59.4%Revenue growth, 20255
55.0%Return on equity5
$39.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Value Added Service brought in 99% of the revenue Sound Group Inc. broke down this way in fiscal 2025.

  1. Value Added Service3.1B CNY599%up 51% from 2024
  2. Subscription And Other46.3M CNY51%up 251% from 2024
Products and services by year
Products and services202320242025
Value Added Service2.1B CNY2.0B CNY3.1B CNY
Subscription And Other8.4M CNY13.2M CNY46.3M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue71¢$314.3M
  • Research and development8¢$34.4M
  • Other costs14¢$63.1M
  • Income tax0¢$398.0K
  • Profit7¢$31.6M

Out of $443.7M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$493.0K
  • Share buybacks10¢$4.1M
  • Kept or used elsewhere89¢$35.4M

Out of $40.0M of cash from operations.5

Financial statements

Revenue678910115$443.7M in 2025+162% since 2019
0$200.0M$400.0M$600.0M2019: $169.6M$169.6M20192020: $230.3M$230.3M2020+36%2021: $332.6M$332.6M2021+44%2022: $316.8M$316.8M2022−5%2023: $291.8M$291.8M2023−8%2024: $278.4M$278.4M2024−5%2025: $443.7M$443.7M2025+59%
Gross profit678910115$129.4M in 2025+233% since 2019
0$50.0M$100.0M$150.0M2019: $38.8M$38.8M20192020: $56.4M$56.4M2020+45%2021: $96.8M$96.8M2021+72%2022: $103.9M$103.9M2022+7%2023: $82.4M$82.4M2023−21%2024: $76.3M$76.3M2024−7%2025: $129.4M$129.4M2025+70%
Operating income678910115$31.0M in 2025
-$40.0M-$20.0M0$20.0M$40.0M2019: -$20.4M-$20.4M20192020: -$13.6M-$13.6M2020−33%2021: -$21.7M-$21.7M2021+60%2022: $9.7M$9.7M20222023: -$20.8M-$20.8M20232024: -$12.3M-$12.3M2024−41%2025: $31.0M$31.0M2025
Net income678910115$31.6M in 2025
-$20.0M0$20.0M$40.0M2019: -$19.1M-$19.1M20192020: -$12.6M-$12.6M2020−34%2021: -$20.0M-$20.0M2021+59%2022: $12.5M$12.5M20222023: -$18.9M-$18.9M20232024: -$11.1M-$11.1M2024−41%2025: $31.6M$31.6M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net revenues3.1B CNY2.0B CNY2.1B CNY
Cost of revenues-2.2B CNY-1.5B CNY-1.5B CNY
Gross profit905.2M CNY556.9M CNY585.4M CNY
Selling and marketing expenses-347.7M CNY-307.3M CNY-237.6M CNY
General and administrative expenses-100.3M CNY-106.6M CNY-193.9M CNY
Research and development expenses-240.2M CNY-232.7M CNY-301.5M CNY
Total operating expenses-688.2M CNY-646.6M CNY-733.0M CNY
Operating (loss)/income217.0M CNY-89.7M CNY-147.7M CNY
Interest expenses-28.0K CNY-416.0K CNY-1.6M CNY
Foreign exchange losses-1.0M CNY-4.2M CNY-1.5M CNY
Interest income and investment income7.3M CNY10.0M CNY10.8M CNY
Government grants2.3M CNY2.1M CNY9.4M CNY
Others, net-2.1M CNY4.4M CNY-3.6M CNY
(Loss)/income before income taxes223.4M CNY-77.7M CNY-134.1M CNY
Income tax expense-2.8M CNY-3.3M CNY-434.0K CNY
Net (loss)/income220.6M CNY-81.0M CNY-134.5M CNY
Net loss attributable to the non-controlling interests shareholders5.8M CNY11.4M CNY7.9M CNY
Net (loss)/income attributable to the Sound Group Inc.' s ordinary shareholders226.5M CNY-69.6M CNY-126.7M CNY
Foreign currency translation adjustments3.0M CNY11.8M CNY3.3M CNY
Total other comprehensive income3.0M CNY11.8M CNY3.3M CNY
Total comprehensive (loss)/income223.7M CNY-69.2M CNY-131.2M CNY
Comprehensive loss attributable to the non-controlling interests shareholders5.8M CNY11.5M CNY8.0M CNY
Comprehensive (loss)/income attributable to the Sound Group Inc.'s ordinary shareholders229.5M CNY-57.7M CNY-123.3M CNY
Basic0.24 CNY-0.07 CNY-0.12 CNY
Diluted0.24 CNY-0.07 CNY-0.12 CNY
Basic940.7M shares1.0B shares1.1B shares
Diluted943.6M shares1.0B shares1.1B shares

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Corporate structure

Sound Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sound Group Inc.

  • Srinidhi Thirumala Filed SCHEDULE 13G on Sound Group Inc., latest Aug 24, 2026
  • OP Investment Management Limited Filed SCHEDULE 13G on Sound Group Inc., latest Aug 6, 2026
  • John Benjamin Morris Filed SCHEDULE 13G on Sound Group Inc., latest Jul 6, 2026
  • Trivista Capital SPC Filed SCHEDULE 13G on Sound Group Inc., latest Jun 17, 2026
  • Matrix Partners China I GP GP Filed SC 13G/A on Sound Group Inc., latest Nov 15, 2024 (3 filings since Feb 14, 2022)
  • TMT General Partner Ltd Filed SC 13G/A on Sound Group Inc., latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • Jinnan (marco) Lai Filed SC 13G on Sound Group Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Sound Group Inc. Grand Cayman, Cayman Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sound Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation103.8M CNY5 Dec 31, 2025107.6M CNY5 Dec 31, 2024−3.5%
Accumulated depreciation91.7M CNY5 Dec 31, 202591.1M CNY5 Dec 31, 2024+0.7%
Property and equipment, net$1.7M5 Dec 31, 2025$2.3M11 Dec 31, 2024−23.6%
Operating-lease assets (leased space)$3.4M5 Dec 31, 2025$1.7M11 Dec 31, 2024+93.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$93.7M5 Dec 31, 2025$60.5M11 Dec 31, 2024+54.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$161.0K11 Dec 31, 2024$196.0K10 Dec 31, 2023−17.9%
Finite-lived intangibles, net$126.0K5 Dec 31, 2025

Leadership

Who has led Sound Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jinnan (marco) Lai2026–now

Chief operating officer

  1. Zelong Li2026–now
Board members and other officers (5)

Former names

  • LIZHI INC.Aug 6, 2019 to Jan 11, 20243

Timeline

  1. Mar 18, 2026New chief executive Jinnan (marco) Lai becomes CEO12
  2. Jan 10, 2019Founded Sound Group Inc. is founded2

Filings

79 filings to the SEC since October 2021: 5 annual reports, 10 insider forms, 11 large holders, 53 other. The latest 20:

  1. Aug 26, 20266-K EDGAR
  2. Aug 24, 2026SCHEDULE 13G EDGAR
  3. Aug 6, 2026SCHEDULE 13G EDGAR
  4. Jul 6, 2026SCHEDULE 13G EDGAR
  5. Jun 17, 2026SCHEDULE 13G EDGAR
  6. Apr 30, 20266-K EDGAR
  7. Apr 30, 202620-F EDGAR
  8. Apr 23, 20264 EDGAR
  9. Apr 6, 20264 EDGAR
  10. Apr 1, 2026144 EDGAR
  11. Mar 31, 20266-K EDGAR
  12. Mar 18, 20263 EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 18, 20263 EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Oct 15, 20256-K EDGAR

The 79 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 2, 2026Zhang MingDirectorSale1,001$16.88$16.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Ma Investment Partnership, LP100,000$1.1M0.2%No change
Alpine Global Management, LLC10,043$112.7K0.0%New
Rhumbline Advisers1,896$21.3K0.0%+10
Group One Trading LLC907$10.2K0.0%−9,038
UBS Group AG729$8.2K0.0%+134
Jones Financial Companies Lllp318$3.6K0.0%−532
Northwestern Mutual Wealth Management Co108$1.2K0.0%+8
Morgan Stanley70$7860.0%No change
Physician Wealth Advisors, Inc.48$5390.0%No change
SBI Securities Co., Ltd.10$1120.0%No change
Federation des caisses Desjardins du Quebec3$340.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Sound Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSound Group Inc.1
  • CIK0001783407
  • Filer statusNon-accelerated filer not an emerging growth company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address108 Robinson Road, #09-01, Singapore, U0 0689001
  • Phone65 620213601
  • Shares outstanding834,829,150 shares as of Feb 28, 20264
  • AuditorEnrome LLP, Singapore PCAOB ID 6907; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 6, 20191
  • Filings129 in all: 6-K (54), CORRESP (10), 3 (8), 20-F (7), UPLOAD (7), SC 13G/A (5), SC 13G (4), SCHEDULE 13G (4)1
    All 27 form types

    DRSLTR (3), EFFECT (3), F-1/A (3), 144 (2), 4 (2), DRS/A (2), S-8 (2), SEC STAFF LETTER (2), 424B3 (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3 (1), F-6 (1), F-6 POS (1), NT 20-F (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each ADS represents two hundred (200) Class A ordinary shares, par value US$0.0001 per shareSOGPNasdaq
Class A ordinary shares, par value US$0.0001 per share *Nasdaq

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4

Sources

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