NUOBIKAN's stock plummeted 5.92% during intraday trading on Thursday, extending a period of significant downward pressure for the company.

The decline is attributed to sustained selling pressure following the stock's inclusion in the Stock Connect program, with profit-taking from early investors continuing to weigh on the share price. Market participants remain concerned about the company's earnings quality, highlighted by a severe mismatch between revenue growth of 23.7% year-over-year and net profit growth of only 2.1%.

Additionally, residual skepticism persists regarding past issues with a supplier's revenue inflation, despite the company's previous clarifications. The stock's low free float of approximately 30 million shares and its extremely high daily turnover rate are further amplifying price volatility in the current market environment.