CiDi Smart Driving's stock plummeted 5.31% during intraday trading on Tuesday, extending a correction phase following a substantial prior rally.

The decline is attributed to intensified profit-taking pressure after the stock surged over 70% to a post-IPO high, driven by earlier catalysts such as its inclusion in the Stock Connect program and strong fiscal revenue growth. Investor enthusiasm is being tempered by the company's latest annual report, which revealed a net loss of RMB 1.021 billion for the last fiscal year despite a 115.8% year-over-year revenue surge and a 317.22% increase in autonomous mining truck deliveries.

With these prior bullish factors largely priced in, the current pullback reflects ongoing market reassessment of the company's path to profitability, overshadowing recent positive developments like a strategic partnership for cabinless mining truck development.