On July 30, XUNCE fell 5.53% in regular trading, trading at 98.55 HKD/share, with turnover of 94.65 million HKD. The stock has now declined for four consecutive trading sessions since the afternoon of July 27.

The continued selloff reflects sustained profit-taking pressure following a two-day cumulative surge of over 45% earlier this month, triggered by a strategic cooperation memorandum signed with Hongtai Capital's parent company Qingdao Xinchen Kechuang on July 19. A subsequent positive development — a strategic cooperation agreement with Shenzhen Kaihong Digital on July 26 to jointly develop HarmonyOS ecosystem data tokenization — briefly pushed shares up 6.31% on July 27 morning but failed to reverse selling momentum as gains were fully erased by afternoon.

The company remains in a loss-making state with a forward P/E exceeding 480x. Combined with significant cumulative drawdown from the April high of 382.8 HKD, market divergence over high valuations and earnings delivery continues to amplify the pullback.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)