Added to YB: 2025-09-12
Pitch date: 2025-09-10
SOGP [bearish]
Sound Group Inc.
+27.16%
current return
Author Info
Fugazi Research exposes inflated valuations built on illusion — not substance. We dissect the narratives, trace the incentives, and reveal who’s really cashing in. In a market full of noise, we show what’s real behind the fugazi. Sign up for the newsletter.
Company Info
Sound Group Inc. provides audio entertainment, podcast, advertising, and others in the People's Republic of China.
Market Cap
$850.9M
Pitch Price
$18.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.54
P/E
47.19
EV/Sales
0.14
Sector
Entertainment
Category
special_situation
Sound Group $SOGP: Cash Holes and Control Games
SOGP short: China ADR w/ RMB 90.7M (~$12.8M) deposit vanished, PwC auditor quit Dec 2024 over cash issues. >95% revenue from virtual gifts under Beijing regulatory crackdown. Insider-controlled via Class B super-voting shares, US investors hold worthless Cayman ADS/VIE structure. Classic fraud pattern.
Read full article (5 min)