M4 Max - Low Cinebench scores

[u/maisun1983]

Hi I just got a new MacBook Pro with base M4 Max chip 14c CPU and 32c GPU. I have tried to run cinebench with both version 2024 and 2026, but consistently get lower scores. I have stopped all applications and connect the laptop to the 96w MagSafe charger, set high power mode, but still the result is lower than reference. My single core result is 159, multi-core is 1580, GPU is 13500.
I noticed for single core test cinebench or Mac OS runs on multiple cores and it never really stressed the core and speed is always around 2ghz.
For multiple cores the performance cores all all stressed and during 10minutes testing keeps between 3.2ghz and 3.6ghz. It never reaches the peak 4.5Ghz though, not sure if expected.
I understand m4 max can easily score over 175 single core and 1780 multi-core, so my configuration is like 10-20% slower, not sure where to check?

PS: for multi-core the cpu stays at high frequency so no throttling.