Sichuan Swellfun Co., Ltd. (referred to as "Swellfun") released its Q3 2025 report on October 30, showing revenue of 2.35 billion yuan for the first nine months. Net profit attributable to shareholders of the listed company reached 434 million yuan.
A breakdown reveals that Swellfun's high-end and mid-range products generated revenues of 2.08 billion yuan and 131 million yuan, respectively, during the period. By sales channel, new channels and wholesale distribution contributed 562 million yuan and 1.65 billion yuan, with new channels surging 71.24% year-on-year.
Notably, Swellfun returned to profitability in Q3, with its net profit margin rebounding to the highest level in three quarters. Revenue also showed sequential growth.
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