Company at a glance
Scale
Revenue down 15% since FY2023
Growth prospects
Expanding customer base and product roadmap
via maxscend.com ↗RF front-end discrete devices and modules are used across major global Android smartphone makers including Samsung and Xiaomi, plus wearables, base s…via yicai.com ↗Revenue of CNY 4.487 billion in 2024, up 2.48%, with net profit of CNY 402 million, down 64.2%, the lowest since IPO; Q4 2024 brought the first quart…China competition
Competes with SG Micro, 3PEAK, Novosense, Silergy in Analog / power — peers listed at sector level.
SubstituteGlobal comparables
Global reference set: Texas Instruments, Analog Devices, Infineon.
SkyworksTechnical gap
Sector rated substitute vs the frontier.
Obstacles
Sector bottleneck applies
Reliability, mixed-signal design depth, long qualification cycles, and high-end customer trust.Official filings: static.cninfo.com.cn ↗ · 2025 semi-annual report (CNINFO) ↗
All sourced facts (8)
- Listing status: Shenzhen Stock Exchange (ChiNext) · 300782 · A-share
- Founded: August 10, 2012; headquartered in Binhu District, Wuxi, Jiangsu; legal representative Xu Zhihan via maxscend.com ↗
- Listing: Shenzhen ChiNext, 300782.SZ, June 18, 2019; first listed company from Wuxi Binhu's IC industry cluster via maxscend.com ↗
- Customers: RF front-end discrete devices and modules are used across major global Android smartphone makers including Samsung and Xiaomi, plus wearables, base stations and automotive electronics via maxscend.com ↗
- FY2024 results: Revenue of CNY 4.487 billion in 2024, up 2.48%, with net profit of CNY 402 million, down 64.2%, the lowest since IPO; Q4 2024 brought the first quarterly loss since listing as the Xinzhuo fab ramp weighed on profits via yicai.com ↗
- SAW filter progress: The 6-inch SAW filter line achieved full product-category coverage - duplexers, quad/hex-plexers and single-chip multi-band filters in volume production, plus modules integrating in-house filters via static.cninfo.com.cn ↗
- FY2025 results: H1 2025 revenue of CNY 1.70 billion with a net loss of CNY 147 million; full-year 2025 revenue fell about 16-18% per company guidance, to CNY 3.73 billion, with a net loss of CNY 293 million via stcn.com ↗
- Competitive backdrop: Skyworks and Qorvo announced a roughly $22 billion merger on October 28, 2025, consolidating the RF front-end industry where leading players still hold about 81% share via electronicdesign.com ↗
About
Designs RF switches, LNAs, filters, power amplifiers and integrated modules for mobile handsets and other wireless devices; wafer supply historically outsourced, increasingly self-produced through the Xinzhuo filter fab in Wuxi; sells to Android OEMs and module houses globally.
Founded 2012 · Ticker 300782
Why it matters
Maxscend is the flagship domestic challenger to Skyworks, Qorvo and Murata in RF front-end modules, the RF segment with the heaviest domestic-replacement stakes in Android phones. Its bet on in-house SAW filter manufacturing is the clearest test of whether a Chinese RF designer can vertically integrate against incumbents holding roughly 81% of the market.
Where it sits in the stack
Analog / power management
Reliability, mixed-signal design depth, long qualification cycles, and high-end customer trust.
Connectivity / networking chips
High-speed SerDes, Ethernet switching, optical interconnect, software stack, and global standards ecosystems.
Key semiconductor products
- RF filters·SAW, incl. duplexers and multiplexers from the in-house 6-inch line
- RF power amplifiers
- RF front-end / connectivity chips
Financials
300782.SZ · Shenzhen ChiNext 300782.SZ · via Yahoo Finance ↗
Financial trajectory via annual filings via Yahoo Finance
RMB billionsMarket data refreshed daily; annual figures from exchange filings. Figures in the reporting currency shown on the chart.
Ecosystem
Global peer set
- Skyworks
- Qorvo
- Murata
- Broadcom
- Qualcomm (RF360 heritage)
Competitive position
- China's largest RF front-end supplier by revenue, shipping switches/LNAs and modules into Samsung, Xiaomi and other Android OEMs
- Fab-lite transition via the Xinzhuo SAW/12-inch project differentiates it from domestic fabless RF peers but has compressed margins through 2024-2025
- Global front-end leaders (Murata, Skyworks, Qorvo, Broadcom) retain roughly 81% market share, with the Skyworks-Qorvo merger consolidating the US camp
- Insufficient primary signals to assess technical gap; RF front-end inferred from adjacent Yole market report only.
- Global comparables: Skyworks
- Global comparables: Qorvo
- Global comparables: Murata
- Global comparables: Broadcom
Milestones and signals
- 2012—Maxscend was founded.
- 2026-10-04—Market cap: RMB 40.3B
- FY2025—Revenue: RMB 3.7B
- FY2025—Net Profit: RMB -293M
- Listing—Shenzhen Stock Exchange (ChiNext) · 300782 · A-share
What to watch
- Return to profitability as Xinzhuo filter fab utilization scales and depreciation burden normalizes
- Share defense in Android handset sockets against the merged Skyworks-Qorvo and price competition from domestic RF peers
- Corporate-governance signals: a private placement proceeding while controlling shareholders announced share reductions
Questions
Last reviewed 2026-07-11Answered questions
What is the measurable gap versus global reference companies?
Against Skyworks, Qorvo, Murata, and Broadcom: Insufficient primary signals to assess technical gap; RF front-end inferred from adjacent Yole market report only.
Open questions
- Which products are qualified beyond pilots in fabless?
- Which customers, fabs, or end markets show real adoption rather than policy interest?