Core Insights - Canxin Semiconductor (Shanghai) Co., Ltd. reported a significant decline in revenue and a net loss for the first three quarters of 2025, primarily due to fluctuations in downstream customer demand [1] - The company experienced a recovery in the third quarter of 2025, with a quarter-on-quarter revenue increase, particularly in its chip design business [1] Financial Performance - For the first three quarters of 2025, Canxin Semiconductor achieved revenue of 468 million yuan, a year-on-year decrease of 45.74% [1] - The net profit attributable to shareholders was -94.49 million yuan, indicating a shift from profit to loss compared to the previous year [1] - The decline in revenue was largely attributed to a 65.83% year-on-year drop in revenue from chip volume business due to demand fluctuations [1] Quarterly Recovery - In the third quarter of 2025, Canxin Semiconductor's revenue reached 186 million yuan, reflecting a quarter-on-quarter growth of 30.28% [1] - The chip design business saw a significant quarter-on-quarter growth of 49.44%, indicating an optimization in business structure and a trend of order recovery [1] Order Backlog - As of September 30, 2025, Canxin Semiconductor had an order backlog of 872 million yuan, with 289 million yuan in chip design orders and 582 million yuan in chip volume orders [1]