On May 21, Nobikan fell 5.05% in regular trading, trading at 16.2 HKD/share, with trading volume of approximately 85.79 million HKD.

On the news front, the stock has continued to face heavy selling pressure since its inclusion in Stock Connect on April 20, with cumulative decline exceeding 80% from its high of 83.2 HKD. Profit-taking from early investors remains the primary source of sustained downward pressure.

Market concerns over earnings quality persist as a key overhang. The company reported revenue growth of 23.7% year-over-year while net profit attributable to shareholders grew only 2.1%, a severe mismatch that continues to suppress valuation recovery. Additionally, although the company previously issued a clarification regarding supplier Hengxin Dongfang's revenue inflation issue — stating it had only ordinary business dealings and was unaware of the irregularities — residual market skepticism has not fully dissipated. The stock's actual free float of only approximately 30 million shares and extremely high daily turnover rate further amplify price volatility in both directions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)