Sound Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,466	2,032	2,072	2,185	2,120	1,503
Revenue Growth (YoY)	39.14%	-1.93%	-5.19%	3.10%	41.03%	27.30%
Cost of Revenue	1,763	1,475	1,486	1,469	1,503	1,135
Gross Profit	702.58	556.86	585.38	716.35	617.01	368.23
Selling, General & Admin	453.66	413.87	431.55	366.35	490.82	231.59
Research & Development	231.18	232.69	301.49	283.35	264.71	225.33
Operating Expenses	684.84	646.56	733.04	649.69	755.53	456.92
Operating Income	17.73	-89.7	-147.67	66.65	-138.52	-88.69
Interest Expense	-0.25	-0.42	-1.56	-2.47	-2.9	-1.8
Interest & Investment Income	-	-	-	-	-	1.24
Currency Exchange Gain (Loss)	-1.86	-4.21	-1.49	-1.05	-0.74	-0.84
Other Non Operating Income (Expenses)	10.64	16.61	16.64	23.59	15.29	8.9
EBT Excluding Unusual Items	26.26	-77.72	-134.08	86.71	-126.87	-81.19
Pretax Income	26.26	-77.72	-134.08	86.71	-126.87	-81.19
Income Tax Expense	3.17	3.26	0.43	0.21	0.38	1
Net Income	20.55	-80.98	-134.52	86.5	-127.25	-82.18
Preferred Dividends & Other Adjustments	-	-	-	-	-	154.07
Net Income to Common	20.55	-80.98	-134.52	86.5	-127.25	-236.25
Shares Outstanding (Basic)	5	5	5	5	5	4
Shares Outstanding (Diluted)	5	5	5	5	5	4
Shares Change (YoY)	-3.00%	-4.84%	3.89%	4.73%	12.29%	239.69%
EPS (Basic)	4.00	-15.77	-24.93	16.69	-25.66	-53.50
EPS (Diluted)	4.00	-15.77	-24.93	16.00	-26.00	-54.00
Free Cash Flow	-	-37.54	-123.01	124.58	-60.5	18.75
Free Cash Flow Per Share	-	-7.31	-22.80	23.99	-12.20	4.25
Gross Margin	28.50%	27.41%	28.26%	32.78%	29.11%	24.50%
Operating Margin	0.72%	-4.42%	-7.13%	3.05%	-6.54%	-5.90%
Profit Margin	0.83%	-3.98%	-6.49%	3.96%	-6.00%	-15.72%
Free Cash Flow Margin	-	-1.85%	-5.94%	5.70%	-2.85%	1.25%
EBITDA	27.69	-78.33	-133.47	85.91	-117.61	-69.42
EBITDA Margin	1.12%	-3.85%	-6.44%	3.93%	-5.55%	-4.62%
D&A For EBITDA	9.96	11.37	14.2	19.26	20.91	19.27
EBIT	17.73	-89.7	-147.67	66.65	-138.52	-88.69
EBIT Margin	0.72%	-4.42%	-7.13%	3.05%	-6.54%	-5.90%
Effective Tax Rate	12.08%	-	-	0.24%	-	-

Updated Aug 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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