UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2024
Commission file number: 001-39177
Sound Group Inc.
(Exact Name of Registrant as Specified in Its
Charter)
60 Anson Road,
Mapletree Anson,
#09-01/02,
Singapore 079914
(Address of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or
Form 40-F. Form 20-F x Form 40-F ¨
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
Sound Group Inc. |
| |
|
| Date: December 13, 2024 |
By: |
/s/ Jinnan (Marco) Lai |
| |
|
Name: |
Jinnan (Marco) Lai |
| |
|
Title: |
Chief Executive Officer, Director |
EXHIBIT INDEX
Exhibit 99.1
Sound Group Inc. Reports First Half of 2024
Unaudited Financial Results
Singapore, December 13, 2024 /GLOBE NEWSWIRE/
- Sound Group Inc. (NASDAQ: SOGP) (“SOGP” or the “Company” or “We”), a global audio-centric social
and entertainment company, today announced its unaudited financial results for the six months ended June 30, 2024.
First Half of 2024 Financial and Operational
Highlights
| · | Net revenues were RMB924.0 million (US$127.1 million) for the six months ended June 30, 2024,
compared with RMB1,223.8 million for the six months ended June 30, 2023. |
| · | Net loss was RMB36.5 million (US$5.0 million) for the six months ended June 30, 2024, compared
with net income of RMB59.9 million for the six months ended June 30, 2023. |
| · | Average total mobile MAUs1
for the six months ended June 30, 2024 was 35.7 million, compared with 47.6 million for the six months ended June 30, 2023. |
Mr. Jinnan (Marco) Lai, Founder and CEO of
SOGP, commented, “For the six months ended June 30, 2024, we remained dedicated to building a more dynamic and healthier user
ecosystem. We have empowered our content creators to deliver more diverse and distinctive content by harnessing advanced AI technologies
and cultivating strategic partnerships. While facing various challenges, we have continued to integrate our technology applications and
strengthen our competitiveness through innovative products and streamlined operations, laying a solid foundation for our market resilience
and future growth.”
Ms. Chengfang Lu, Acting Chief Financial
Officer of SOGP, said, “During the period, we recorded net revenues of RMB924.0 million. Despite the market uncertainties, we are
committed to strengthening our core competitiveness through continuous content cultivation and technological innovation. Moving forward,
we remained focused on improving organizational efficiency, advancing our globalization capabilities, increasing our overall agility,
and delivering sustainable long-term value to our stakeholders.”
1 Refers to the average monthly number of active users
across our platforms and Apps in a given period, calculated by dividing (i) the sum of mobile active users for each month of such period,
by (ii) the number of months in the same period.
First Half of 2024 Unaudited Financial Results
Net revenues were RMB924.0 million (US$127.1
million) for the six months ended June 30, 2024, compared with RMB1,223.8 million for the same period in 2023, primarily due to the
decrease in the number of paying users.
Cost of revenues was RMB677.6 million (US$93.2
million) for the six months ended June 30, 2024, compared with RMB853.0 million for the same period in 2023, mainly attributable
to (i) the decreased revenue sharing fees to our content creators as the Company’s revenues decreased, as well as (ii) the
decreased bandwidth costs, salary and welfare benefits expenses related to the decreased operation staff, share-based compensation expenses,
and payment handling costs.
Gross profit was RMB246.3 million (US$33.9
million) for the six months ended June 30, 2024, compared with RMB370.8 million for the same period in 2023.
Non-GAAP gross profit2
was RMB247.7 million (US$34.1 million) for the six months ended June 30, 2024, compared with RMB373.8 million for the same period
in 2023.
Gross margin for the six months ended June 30,
2024 was 27%, compared with 30% for the same period in 2023, mainly attributable to the increased percentage of the revenue sharing fees
to our content creators.
Non-GAAP gross margin for the six months
ended June 30, 2024 was 27%, compared with 31% for the same period in 2023.
Operating expenses were RMB290.6 million
(US$40.0 million) for the six months ended June 30, 2024, compared with RMB320.4 million for the same period in 2023.
Research and development expenses were
RMB122.9 million (US$16.9 million) for the six months ended June 30, 2024, compared with RMB147.1 million for the same period in
2023, primarily due to (i) the decreased salary and welfare benefits expenses related to the decreased number of relevant staff,
and (ii) the decreased share-based compensation expenses, partially offset by (iii) the increased expenses related to research
and development services provided by third parties.
Selling and marketing expenses were RMB123.2
million (US$17.0 million) for the six months ended June 30, 2024, compared with RMB126.4 million for the same period in 2023, primarily
attributable to (i) the decreased branding and marketing expenses, and (ii) the decreased salary and welfare benefits expenses
related to the reduction in the number of our relevant staff. The Company will monitor its discretionary advertising and promotion expenses
and adjust accordingly depending on market conditions.
General and administrative expenses were
RMB44.5 million (US$6.1 million) for the six months ended June 30, 2024, compared with RMB46.9 million for the same period in 2023,
mainly driven by (i) the decreased provision for litigation contingencies, share-based compensation expenses and other miscellaneous
expenses, and partially offset by (ii) the increased salary and welfare benefits expenses related to the increased average salary,
professional service fees and rental expenses.
Operating loss was RMB44.3 million (US$6.1
million) for the six months ended June 30, 2024, compared to operating income of RMB50.5 million for the same period in 2023.
Non-GAAP operating loss3
was RMB34.9 million (US$4.8 million) for the six months ended June 30, 2024, compared to non-GAAP operating income of RMB66.4 million
for the same period in 2023.
2 Non-GAAP gross profit is a non-GAAP financial measure,
which is defined as gross profit excluding share-based compensation expenses. This adjustment amounted to RMB1.4 million (US$0.2 million)
and RMB3.0 million for the six months ended June 30, 2024 and 2023, respectively. Please refer to the section below titled “Unaudited
Reconciliations of GAAP and Non-GAAP Results” for details.
3 Non-GAAP operating loss is a non-GAAP financial measure,
which is defined as operating loss excluding share-based compensation expenses. This adjustment amounted to RMB9.3 million (US$1.3 million)
and RMB15.9 million for the six months ended June 30, 2024 and 2023, respectively. Please refer to the section below titled “Unaudited
Reconciliations of GAAP and Non-GAAP Results” for details.
Net loss was RMB36.5 million (US$5.0 million)
for the six months ended June 30, 2024, compared to net income of RMB59.9 million for the same period in 2023.
Non-GAAP net loss was RMB27.1 million (US$3.7
million) for the six months ended June 30, 2024, compared to non-GAAP net income of RMB75.8 million for the same period in 2023.
Net loss attributable to Sound Group Inc.’s
ordinary shareholders was RMB31.0 million (US$4.3 million) for the six months ended June 30, 2024, compared to net income of
RMB62.6 million attributable to Sound Group Inc.’s ordinary shareholders for the same period in 2023.
Non-GAAP net loss attributable to Sound Group
Inc.’s ordinary shareholders4 was RMB21.6
million (US$3.0 million) for the six months ended June 30, 2024, compared to non-GAAP net income of RMB78.5 million attributable
to Sound Group Inc.’s ordinary shareholders for the same period in 2023.
Basic and diluted net loss per ADS5
were RMB6.04 (US$0.83) for the six months ended June 30, 2024, compared to basic and diluted net income per ADS of RMB11.73 and RMB11.69
for the same period in 2023, respectively.
Non-GAAP basic and diluted net loss per ADS6
were both RMB4.22 (US$0.58) for the six months ended June 30, 2024, compared to basic and diluted net income per ADS of RMB14.72
and RMB14.66 for the same period in 2023, respectively.
Share Repurchase Program
The board of directors (the “Board”)
of the Company authorized a share repurchase program in December 2023, under which the Company may repurchase its Class A ordinary
shares (including Class A ordinary shares in the form of ADS) with an aggregate value of up to US$3.0 million over a 12-month period.
As of June 30, 2024, the Company had repurchased 96,728,600 shares with a total aggregate consideration of US$1.4 million under this
program.
Balance Sheets
As of June 30, 2024, the Company had cash
and cash equivalents and restricted cash of RMB464.9 million (US$64.0 million).
4 Non-GAAP net loss attributable to Sound Group Inc.’s
ordinary shareholders is a non-GAAP financial measure, which is defined as net loss attributable to Sound Group Inc.’s ordinary
shareholders, excluding share-based compensation expenses. These adjustments amounted to RMB9.3 million (US$1.3 million) and RMB15.9
million for the six months ended June 30, 2024 and 2023, respectively. Please refer to the section below titled “Unaudited Reconciliations
of GAAP and Non- GAAP Results” for details.
5 ADS refers to American Depositary Share. Each ADS represents
two hundred Class A ordinary shares of the Company. Basic and diluted net loss per ADS is net loss attributable to Sound Group Inc.’s
ordinary shareholders divided by the weighted average number of ADS.
6 Non-GAAP basic and diluted net loss per ADS is a non-GAAP
financial measure, which is defined as non-GAAP net loss attributable to Sound Group Inc.’s ordinary shareholders divided by the
weighted average number of ADS used in the calculation of basic and diluted net loss per ADS.
About Sound Group Inc.
Sound Group Inc. is a global audio-centric social
and entertainment company driven by a clear mission and vision: building the world’s largest audio platform to better connect and
communicate. The Company is dedicated to shaping a future where audio not only bridges gaps but also amplifies human connection through
the power of sound. Sound Group Inc. has been listed on Nasdaq since January 2020.
For more information, please visit: https://ir.soundgroupinc.com/
Use of Non-GAAP Financial Measures
The unaudited condensed consolidated financial
information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
SOGP uses non-GAAP gross profit, non-GAAP gross
margin, non-GAAP operating loss/income, non-GAAP net loss/income, non-GAAP net loss/income attributable to Sound Group Inc.’s ordinary
shareholders and non-GAAP basic and diluted net loss/income per ADS, which are non-GAAP financial measures. Non-GAAP gross profit is gross
profit excluding share-based compensation expenses. Non-GAAP gross margin is non-GAAP gross profit as a percentage of net revenues. Non-GAAP
operating loss/income is operating loss/income excluding share-based compensation expenses. Non-GAAP net loss/income is net loss/income,
excluding share-based compensation expenses. Non-GAAP net loss/income attributable to Sound Group Inc.’s ordinary shareholders is
net loss/income attributable to Sound Group Inc.’s ordinary shareholders, excluding share-based compensation expenses. Non-GAAP
basic and diluted net loss/income per ADS is non-GAAP net loss/income attributable to Sound Group Inc.’s ordinary shareholders divided
by the weighted average number of ADS used in the calculation of basic and diluted net loss/income per ADS. The Company believes that
separate analysis and exclusion of the non-cash impact of the above reconciling item adds clarity to the constituent parts of its performance.
The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating
performance. It uses the non-GAAP financial measure for planning, forecasting and measuring results against the forecast. The Company
believes that non-GAAP financial measure is useful supplemental information for investors and analysts to assess its operating performance
without the non-cash effect of share-based compensation expenses.
However, the use of non-GAAP financial measures
has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include
all items that impact the Company’s net income for the period. In addition, because non-GAAP financial measures are not measured
in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of
the foregoing limitations, you should not consider non-GAAP financial measures in isolation from, superior to, or as an alternative to
the financial measure prepared in accordance with U.S. GAAP.
The presentation of these non-GAAP financial measures
is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance
with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations
of GAAP and Non-GAAP Results” near the end of this release.
Exchange Rate Information
This announcement contains translations of certain
RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations
from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.2672 to US$1.00, the exchange rate on June 28, 2024,
set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars
amounts referred could be converted into U.S. dollar or RMB, as the case may be, at any particular rate or at all.
Safe Harbor Statement
This press release contains forward-looking statements.
These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to
differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s
goals and strategies; the Company’s future business development, results of operations and financial condition; the expected growth
of the online audio market; the expectation regarding the rate at which to gain active users, especially paying users; the Company’s
ability to monetize the user base; fluctuations in general economic and business conditions in China and overseas markets; any adverse
changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying or related to any of
the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,”
“expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,”
“plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar
expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings
with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the
Company does not undertake any duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
Sound Group Inc.
IR Department
E-mail: ir@soundgroupinc.com
Piacente Financial Communications
Jenny Cai
E-mail: soundgroup@tpg-ir.com
Sound Group Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except for share, ADS,
per share data and per ADS data)
| | |
December 31, 2023 | | |
June 30, 2024 | | |
June 30, 2024 | |
| | |
RMB | | |
RMB | | |
US$ | |
| ASSETS | |
| | | |
| | | |
| | |
| Current assets | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
| 494,965 | | |
| 455,304 | | |
| 62,652 | |
| Restricted cash | |
| 2,652 | | |
| 9,551 | | |
| 1,314 | |
| Accounts receivable, net | |
| 1,557 | | |
| 1,175 | | |
| 162 | |
| Prepayments and other current assets | |
| 33,914 | | |
| 34,213 | | |
| 4,708 | |
| Total current assets | |
| 533,088 | | |
| 500,243 | | |
| 68,836 | |
| | |
| | | |
| | | |
| | |
| Non-current assets | |
| | | |
| | | |
| | |
| Property, equipment and leasehold improvement, net | |
| 17,288 | | |
| 18,045 | | |
| 2,483 | |
| Intangible assets, net | |
| 1,390 | | |
| 1,131 | | |
| 156 | |
| Right-of-use assets, net | |
| 13,990 | | |
| 16,207 | | |
| 2,230 | |
| Other non-current assets | |
| 818 | | |
| 1,309 | | |
| 180 | |
| Total non-current assets | |
| 33,486 | | |
| 36,692 | | |
| 5,049 | |
| TOTAL ASSETS | |
| 566,574 | | |
| 536,935 | | |
| 73,885 | |
| | |
| | | |
| | | |
| | |
| LIABILITIES | |
| | | |
| | | |
| | |
| Current liabilities | |
| | | |
| | | |
| | |
| Accounts payable | |
| 43,184 | | |
| 43,407 | | |
| 5,973 | |
| Deferred revenue | |
| 29,248 | | |
| 29,603 | | |
| 4,074 | |
| Salary and welfare payable | |
| 136,869 | | |
| 120,402 | | |
| 16,568 | |
| Taxes payable | |
| 4,463 | | |
| 7,107 | | |
| 978 | |
| Short-term loans | |
| - | | |
| 11,127 | | |
| 1,531 | |
| Lease liabilities due within one year | |
| 10,351 | | |
| 11,889 | | |
| 1,636 | |
| Accrued expenses and other current liabilities | |
| 48,510 | | |
| 56,696 | | |
| 7,802 | |
| Total current liabilities | |
| 272,625 | | |
| 280,231 | | |
| 38,562 | |
| | |
| | | |
| | | |
| | |
| Non-current liabilities | |
| | | |
| | | |
| | |
| Lease liabilities | |
| 3,936 | | |
| 4,508 | | |
| 620 | |
| Total non-current liabilities | |
| 3,936 | | |
| 4,508 | | |
| 620 | |
| TOTAL LIABILITIES | |
| 276,561 | | |
| 284,739 | | |
| 39,182 | |
Sound Group Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(CONTINUED)
(All amounts in thousands, except for share, ADS,
per share data and per ADS data)
| | |
December 31, 2023 | | |
June 30, 2024 | | |
June 30, 2024 | |
| | |
RMB | | |
RMB | | |
US$ | |
| SHAREHOLDERS’ EQUITY | |
| | | |
| | | |
| | |
| Class A Ordinary shares (US$0.0001 par value, 1,268,785,000 shares authorized, 838,962,260 shares issued and 819,084,610 shares outstanding as of December 31, 2023; 1,268,785,000 shares authorized, 838,962,260 shares issued and 750,436,010 shares outstanding as of June 30, 2024). | |
| 557 | | |
| 557 | | |
| 77 | |
| Class B Ordinary shares (US$0.0001 par value, 231,215,000 shares authorized, issued and outstanding as of December 31, 2023 and June 30, 2024, respectively). | |
| 168 | | |
| 168 | | |
| 23 | |
| Treasury stock | |
| (958 | ) | |
| (10,185 | ) | |
| (1,402 | ) |
| Additional paid in capital | |
| 2,688,450 | | |
| 2,698,432 | | |
| 371,317 | |
| Statutory reserves | |
| 1,642 | | |
| 1,642 | | |
| 226 | |
| Accumulated deficit | |
| (2,408,307 | ) | |
| (2,439,294 | ) | |
| (335,658 | ) |
| Accumulated other comprehensive income | |
| 17,923 | | |
| 15,873 | | |
| 2,184 | |
| TOTAL SOGP Inc.’s shareholders’ equity | |
| 299,475 | | |
| 267,193 | | |
| 36,767 | |
| Non-controlling interests | |
| (9,462 | ) | |
| (14,997 | ) | |
| (2,064 | ) |
| TOTAL SHAREHOLDERS’ EQUITY | |
| 290,013 | | |
| 252,196 | | |
| 34,703 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| 566,574 | | |
| 536,935 | | |
| 73,885 | |
Sound Group Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS
(All amounts in thousands, except for share, ADS,
per share data and per ADS data)
| | |
Six Months Ended | |
| | |
June 30, 2023 | | |
December 31, 2023 | | |
June 30, 2024 | | |
June 30, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Net revenues | |
| | | |
| | | |
| | | |
| | |
| Audio entertainment revenues | |
| 1,219,296 | | |
| 844,050 | | |
| 918,047 | | |
| 126,327 | |
| Podcast, advertising and other revenues | |
| 4,552 | | |
| 3,874 | | |
| 5,932 | | |
| 816 | |
| Total net revenues | |
| 1,223,848 | | |
| 847,924 | | |
| 923,979 | | |
| 127,143 | |
| Cost of revenues (1) | |
| (853,005 | ) | |
| (633,392 | ) | |
| (677,641 | ) | |
| (93,247 | ) |
| Gross profit | |
| 370,843 | | |
| 214,532 | | |
| 246,338 | | |
| 33,896 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating expenses (1) | |
| | | |
| | | |
| | | |
| | |
| Selling and marketing expenses | |
| (126,370 | ) | |
| (111,276 | ) | |
| (123,192 | ) | |
| (16,952 | ) |
| General and administrative expenses | |
| (46,902 | ) | |
| (147,005 | ) | |
| (44,524 | ) | |
| (6,127 | ) |
| Research and development expenses | |
| (147,095 | ) | |
| (154,395 | ) | |
| (122,901 | ) | |
| (16,912 | ) |
| Total operating expenses | |
| (320,367 | ) | |
| (412,676 | ) | |
| (290,617 | ) | |
| (39,991 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Operating income/(loss) | |
| 50,476 | | |
| (198,144 | ) | |
| (44,279 | ) | |
| (6,095 | ) |
| Interest expenses | |
| (1,393 | ) | |
| (170 | ) | |
| (198 | ) | |
| (27 | ) |
| Foreign exchange losses | |
| (611 | ) | |
| (877 | ) | |
| (1,774 | ) | |
| (244 | ) |
| Interest income and investment income | |
| 6,277 | | |
| 4,543 | | |
| 4,802 | | |
| 661 | |
| Government grants | |
| 5,194 | | |
| 4,201 | | |
| 1,116 | | |
| 154 | |
| Others, net | |
| 410 | | |
| (3,987 | ) | |
| 5,100 | | |
| 702 | |
| Income/(loss) before income taxes | |
| 60,353 | | |
| (194,434 | ) | |
| (35,233 | ) | |
| (4,849 | ) |
| Income tax (expenses)/credit | |
| (463 | ) | |
| 29 | | |
| (1,247 | ) | |
| (172 | ) |
| Net income/(loss) | |
| 59,890 | | |
| (194,405 | ) | |
| (36,480 | ) | |
| (5,021 | ) |
| Net loss attributable to the non-controlling interests shareholders | |
| 2,679 | | |
| 5,185 | | |
| 5,493 | | |
| 756 | |
| Net income/(loss) attributable to Sound Group Inc.’s ordinary shareholders | |
| 62,569 | | |
| (189,220 | ) | |
| (30,987 | ) | |
| (4,265 | ) |
Sound Group Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (CONTINUED)
(All amounts in thousands, except for share, ADS,
per share data and per ADS data)
| | |
Six Months Ended | |
| | |
June 30, 2023 | | |
December 31, 2023 | | |
June 30, 2024 | | |
June 30, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Net income/(loss) | |
| 59,890 | | |
| (194,405 | ) | |
| (36,480 | ) | |
| (5,021 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Other comprehensive income/(loss): | |
| | | |
| | | |
| | | |
| | |
| Foreign currency translation adjustments | |
| 7,203 | | |
| (3,926 | ) | |
| (2,092 | ) | |
| (288 | ) |
| Total comprehensive income/(loss) | |
| 67,093 | | |
| (198,331 | ) | |
| (38,572 | ) | |
| (5,309 | ) |
| Comprehensive loss attributable to non-controlling interests shareholders | |
| 2,871 | | |
| 5,082 | | |
| 5,535 | | |
| 762 | |
| Comprehensive income/(loss) attributable to Sound Group Inc.’s ordinary shareholders | |
| 69,964 | | |
| (193,249 | ) | |
| (33,037 | ) | |
| (4,547 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net income/(loss) attributable to Sound Group Inc.’s ordinary shareholders per share | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 0.06 | | |
| (0.18 | ) | |
| (0.03 | ) | |
| (0.00 | ) |
| —Diluted | |
| 0.06 | | |
| (0.18 | ) | |
| (0.03 | ) | |
| (0.00 | ) |
| Weighted average number of ordinary shares | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 1,066,505,256 | | |
| 1,078,969,851 | | |
| 1,026,439,711 | | |
| 1,026,439,711 | |
| —Diluted | |
| 1,070,735,706 | | |
| 1,078,969,851 | | |
| 1,026,439,711 | | |
| 1,026,439,711 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net income/(loss) attributable to Sound Group Inc.’s ordinary shareholders per ADS | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 11.73 | | |
| (35.07 | ) | |
| (6.04 | ) | |
| (0.83 | ) |
| —Diluted | |
| 11.69 | | |
| (35.07 | ) | |
| (6.04 | ) | |
| (0.83 | ) |
| Weighted average number of ADS | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 5,332,526 | | |
| 5,394,849 | | |
| 5,132,199 | | |
| 5,132,199 | |
| —Diluted | |
| 5,353,679 | | |
| 5,394,849 | | |
| 5,132,199 | | |
| 5,132,199 | |
Sound Group Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (CONTINUED)
(All amounts in thousands, except for share, ADS,
per share data and per ADS data)
(1) Share-based
compensation was allocated in cost of revenues and operating expenses as follows:
| | |
Six Months Ended | |
| | |
June 30, 2023 | | |
December 31, 2023 | | |
June 30, 2024 | | |
June 30, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Cost of revenues | |
| 2,967 | | |
| 878 | | |
| 1,405 | | |
| 193 | |
| Selling and marketing expenses | |
| 1,081 | | |
| 931 | | |
| 950 | | |
| 131 | |
| General and administrative expenses | |
| 5,406 | | |
| 4,052 | | |
| 3,137 | | |
| 432 | |
| Research and development expenses | |
| 6,484 | | |
| 4,956 | | |
| 3,855 | | |
| 530 | |
| Total | |
| 15,938 | | |
| 10,817 | | |
| 9,347 | | |
| 1,286 | |
Sound Group Inc.
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP
RESULTS
(All amounts in thousands, except for share, ADS,
per share data and per ADS data)
| | |
Six Months Ended | |
| | |
June 30, 2023 | | |
December 31, 2023 | | |
June 30, 2024 | | |
June 30, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Gross profit | |
| 370,843 | | |
| 214,532 | | |
| 246,338 | | |
| 33,896 | |
| Share-based compensation expenses | |
| 2,967 | | |
| 878 | | |
| 1,405 | | |
| 193 | |
| Non-GAAP gross profit | |
| 373,810 | | |
| 215,410 | | |
| 247,743 | | |
| 34,089 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating income/(loss) | |
| 50,476 | | |
| (198,144 | ) | |
| (44,279 | ) | |
| (6,095 | ) |
| Share-based compensation expenses | |
| 15,938 | | |
| 10,817 | | |
| 9,347 | | |
| 1,286 | |
| Non-GAAP operating income/(loss) | |
| 66,414 | | |
| (187,327 | ) | |
| (34,932 | ) | |
| (4,809 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net income/(loss) | |
| 59,890 | | |
| (194,405 | ) | |
| (36,480 | ) | |
| (5,021 | ) |
| Share-based compensation expenses | |
| 15,938 | | |
| 10,817 | | |
| 9,347 | | |
| 1,286 | |
| Non-GAAP net income/(loss) | |
| 75,828 | | |
| (183,588 | ) | |
| (27,133 | ) | |
| (3,735 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net income/(loss) attributable to Sound Group Inc.’s ordinary shareholders | |
| 62,569 | | |
| (189,220 | ) | |
| (30,987 | ) | |
| (4,265 | ) |
| Share-based compensation expenses | |
| 15,938 | | |
| 10,817 | | |
| 9,347 | | |
| 1,286 | |
| Non-GAAP net income/(loss) attributable to Sound Group Inc.’s ordinary shareholders | |
| 78,507 | | |
| (178,403 | ) | |
| (21,640 | ) | |
| (2,979 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP net income/(loss) attributable to Sound Group Inc.’s ordinary shareholders per share | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 0.07 | | |
| (0.17 | ) | |
| (0.02 | ) | |
| 0.00 | |
| —Diluted | |
| 0.07 | | |
| (0.17 | ) | |
| (0.02 | ) | |
| 0.00 | |
| Weighted average number of ordinary shares | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 1,066,505,256 | | |
| 1,078,969,851 | | |
| 1,026,439,711 | | |
| 1,026,439,711 | |
| —Diluted | |
| 1,070,735,706 | | |
| 1,078,969,851 | | |
| 1,026,439,711 | | |
| 1,026,439,711 | |
| | |
| | | |
| | | |
| | | |
| | |
| Non-GAAP net income/(loss) attributable to Sound Group Inc.’s ordinary shareholders per ADS | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 14.72 | | |
| (33.07 | ) | |
| (4.22 | ) | |
| (0.58 | ) |
| —Diluted | |
| 14.66 | | |
| (33.07 | ) | |
| (4.22 | ) | |
| (0.58 | ) |
| Weighted average number of ADS | |
| | | |
| | | |
| | | |
| | |
| —Basic | |
| 5,332,526 | | |
| 5,394,849 | | |
| 5,132,199 | | |
| 5,132,199 | |
| —Diluted | |
| 5,353,679 | | |
| 5,394,849 | | |
| 5,132,199 | | |
| 5,132,199 | |
Sound (NASDAQ:SOGP)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Sound (NASDAQ:SOGP)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
