Sound Group (SOGP) Shares Soar Following Profitability Return and Special Dividend Announcement
Financial Performance: Sound Group Inc reported a 47% increase in net revenues to RMB1,357.7 million ($189.5 million) for the first half of 2025, alongside a turnaround in profitability with a net income of RMB67.6 million ($9.4 million).
Dividend Announcement: The company declared a special cash dividend of $0.005 per share, totaling approximately $4 million, which will be paid to shareholders on September 30.
Stock Price Surge: Following the financial results announcement, SOGP shares surged by 108% to $7.90, marking a significant increase from its 52-week low of $1.18.
Investment Options: Investors can purchase SOGP stock through brokerage platforms or ETFs that include the stock, providing exposure to the Communication Services sector.
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Sound Group Declares Cancellation of Acquired Shares
Share Repurchase Program Completion: Sound Group Inc. has successfully completed the cancellation of 951,252 American depositary shares (ADSs) under its US$4 million share repurchase program, enhancing earnings per share and reducing the number of outstanding shares.
Commitment to Shareholder Value: CEO Marco Lai emphasized the company's dedication to delivering shareholder value and confidence in its long-term growth prospects, while also announcing the completion of both the share repurchase and cash dividend programs.
