On October 29, Maxscend (300782) unveiled its third-quarter financial report for 2025, disclosing that the cumulative revenue for the first three quarters of the year amounted to 2.769 billion yuan. Breaking it down quarterly, the first quarter witnessed a revenue of 756 million yuan, marking a year-on-year decrease of 36.47%. However, the second quarter saw a notable upturn, with revenue climbing to 948 million yuan. This represented a significant narrowing of the year-on-year decline to just 13.4%, coupled with a robust quarter-on-quarter increase of 25.40%. The momentum continued into the third quarter, where revenue surged to 1.065 billion yuan. The year-on-year decline further contracted to a mere 1.62%, accompanied by a steady quarter-on-quarter rise of 12.34%. In summary, Maxscend's revenue performance in the first three quarters of the year demonstrated a marked reduction in the year-on-year decline, alongside a consistent upward trajectory on a quarterly basis.