Despite a significant price drop, CnlightLtd's P/S still surpasses the industry median. The company's dwindling revenue and underperformance compared to industry forecasts hint at a potential further share price decline.

Cnlight Co.,Ltd's share price decline may be due to shrinking revenue, prompting some shareholders to sell. The company's poor long-term track record, losing 6% per year over the last five years, may need significant performance improvement to reverse the trend.