NUOBIKAN's stock soared 8.18% intraday, extending its recovery after a period of significant decline.

The rebound is primarily driven by short-term oversold recovery demand. The stock had previously plunged over 75% from its peak following its inclusion in the Stock Connect program, with multiple negative factors contributing to the selloff. These included concentrated profit-taking by early investors, association with A-share listed Hengxin Dongfang which faced financial fraud allegations, and concerns over weak earnings quality where net profit grew only 2.1% despite revenue rising 23.7%.

After consecutive steep declines that pushed the stock to a historic low, technical oversold conditions have now triggered a corrective bounce, leading to the current price recovery.