NUOBIKAN's stock plummeted 5.10% during intraday trading on Friday, continuing a sharp downward trend that has weighed heavily on investor sentiment.

The decline is attributed to persistent profit-taking selling pressure following the company's inclusion in the Stock Connect program. Market participants have cited NUOBIKAN as a typical case of stocks that experience significant declines immediately after such inclusion, which has further dampened market confidence.

Additionally, concerns over the company's earnings quality continue to suppress valuation recovery. While NUOBIKAN reported a 23.7% year-over-year increase in revenue, net profit attributable to shareholders grew by only 2.1%, highlighting a severe mismatch. The stock's low free float of approximately 30 million shares and high daily turnover further amplify price volatility in the current environment.