Nuo Bi Kan Shares Plunge Over 30% in Late Trading, Down More Than 40% from Yesterday's High

Stock News04-21

Nuo Bi Kan (02635) saw its shares fall more than 30% during late trading, hitting a low of HK$47.86. This represents a decline of over 40% from yesterday's peak of HK$83.2. As of the latest update, the stock was down 29.93%, trading at HK$48, with a turnover of HK$287 million. On the news front, Nuo Bi Kan was added to the Hong Kong Stock Connect list effective April 20. Public information indicates that the company primarily engages in the industrial application of technologies such as artificial intelligence and digital twins in sectors including AI+transportation, AI+energy, and AI+urban governance. It sells integrated hardware and software solutions based on AI industry models to its clients. From 2021 to 2023, Nuo Bi Kan maintained rapid revenue growth, with a compound annual growth rate reaching 89.8%.

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