XIZHI TECH-P's stock experienced a significant intraday decline, plummeting 5.27% during Thursday's trading session.

The sharp drop is primarily attributed to continued selling pressure following the conclusion of the company's stabilization price period. With this potential price support factor now removed and IPO-era profit-taking still being digested, the stock is facing a supply-demand imbalance. The overall coordinator had fully exercised the over-allotment option, and notably, the stabilization price agent did not engage in any market purchases or sales of H shares during the entire stabilization period.

Despite a brief technical rebound in the prior session, persistent selling pressure remains the dominant market force for XIZHI TECH-P shares.