Despite declining earnings, Guangdong Sanhe Pile's high P/E ratio may indicate over-optimistic investors risking future disappointment. Continuation of recent negative growth trends could endanger shareholders' investments and potential investors may pay excessive premium.

The market is pessimistic about the declining ROCE and increasing capital employed trends improving soon. The company's reduction in current liabilities might be linked to the decrease in ROCE, potentially reducing the business' efficiency at generating ROCE.