GDS vs SOGP
GDS Holdings Ltd. and Sound Group Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | GDS | SOGP |
|---|---|---|
| Revenue | CNY 11.4B | CNY 3.1B |
| Net income | CNY 949.6M | CNY 220.6M |
| Gross margin | 22.6% | · |
| Net margin | 8.4% | · |
| Return on equity | 3.9% | 69.3% |
| Diluted EPS | CNY 0.55 | CNY 0.24 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -1.3B | CNY 276.6M |
| Equity | CNY 25.8B | CNY 401.1M |
| Net debt / equity | 0.45× | · |
| Current ratio | 2.60× | 1.94× |
| Revenue CAGR 5y | 14.8% | 15.6% |
| Profit CAGR 5y | · | · |
GDS bills 3.7× the revenue of SOGP.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | GDS | SOGP |
|---|---|---|
| FY2025 | CNY 11.4B | CNY 3.1B |
| FY2024 | CNY 10.3B | CNY 2.0B |
| FY2023 | CNY 9.8B | CNY 2.1B |
| FY2022 | CNY 9.3B | CNY 2.2B |
| FY2021 | CNY 7.8B | CNY 2.1B |
| FY2020 | CNY 5.7B | CNY 1.5B |
| FY2019 | CNY 4.1B | CNY 1.2B |
| FY2018 | CNY 2.8B | CNY 798.6M |
| FY2017 | CNY 1.6B | CNY 453.5M |
Bottom line
| Fiscal year | GDS | SOGP |
|---|---|---|
| FY2025 | CNY 949.6M | CNY 220.6M |
| FY2024 | CNY 3.4B | CNY -81.0M |
| FY2023 | CNY -4.3B | CNY -134.5M |
| FY2022 | CNY -1.3B | CNY 86.5M |
| FY2021 | CNY -1.2B | CNY -127.2M |
| FY2020 | CNY -666.4M | CNY -82.2M |
| FY2019 | CNY -442.1M | CNY -133.0M |
| FY2018 | CNY -430.3M | CNY -9.3M |
| FY2017 | CNY -326.9M | CNY -153.7M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 8,329,520,000 | GDS |
| FY2024 | +CNY 8,290,262,000 | GDS |
| FY2023 | +CNY 7,710,676,000 | GDS |
| FY2022 | +CNY 7,082,835,000 | GDS |
| FY2021 | +CNY 5,699,167,000 | GDS |
| FY2020 | +CNY 4,236,064,000 | GDS |
| FY2019 | +CNY 2,941,808,000 | GDS |
| FY2018 | +CNY 1,993,516,000 | GDS |
| FY2017 | +CNY 1,162,637,000 | GDS |
GDS has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 12 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SOGP's return on equity has been more volatile than GDS's over the 5 comparable fiscal years — 47.6 percentage points of standard deviation against 12.2.
5 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GDS and SOGP over these 5 fiscal years — GDS led in 3 and SOGP in 2.
5 of 9 comparable fiscal years — a year missing data on either side is not counted.