On May 27, Nobikan (02635.HK) fell 5.04% in regular trading, trading at 14.26 HKD/share, with trading volume of 54.065 million HKD.

On the news front, the stock has been in a sustained decline since its inclusion in the Stock Connect program on April 20, retreating from a high of 83.2 HKD with cumulative losses exceeding 80%. Profit-taking selling pressure from early holders has yet to fully subside. Additionally, despite the company issuing a clarification statement regarding supplier Hengxin Dongfang's revenue inflation incident — emphasizing only ordinary business dealings and no prior knowledge — market skepticism over earnings quality persists. Revenue grew 23.7% year-over-year while net profit attributable to shareholders rose only 2.1%, a severe mismatch that continues to suppress valuation recovery potential.

Furthermore, the stock's actual free float is limited to approximately 30 million shares, resulting in extremely high daily turnover rates. This low-float structure further amplifies price volatility on both up and down moves.

(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.)