Despite Huabao International's declining revenue, its high P/S ratio suggests investor optimism. However, if medium-term conditions don't improve significantly, the share price may drop, bringing the P/S ratio to a more reasonable level.

The trend of lower returns on the same capital amount hints at a non-growth stock. The 27% fall in stock over five years suggests investors are noticing these changes. A positive shift in these metrics is needed, or it may be wise to look elsewhere.

Huabao International Holdings' large losses and long-term share price weakness indicate negative investor sentiment and unresolved challenges. Contrarian investors, however, might see this as a research and investment opportunity, hoping for a turnaround.