NUOBIKAN's stock plummeted 14.05% intraday, marking a significant decline during Thursday's trading session.

The sharp drop follows the company's recent inclusion in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs, which took effect earlier this week. Market sentiment was further impacted by NUOBIKAN's 2025 performance report, which revealed a concerning disparity between revenue and profit growth.

While the company reported a 23.7% year-on-year increase in revenue, net profit attributable to shareholders grew by only 2.1%. This significant slowdown in profit growth, attributed to an increased proportion of low-margin business and rising costs for smart hardware, has weakened profit stability and raised market concerns about the company's ability to deliver on its earnings potential.