Investors' belief that the company will underperform the broader industry contributes to its low P/S ratio. Shareholders accept this as they anticipate no pleasant surprises in future revenue.

Anhui Tatfook Technology seems a risky investment with its EBIT level loss and revenue drop. Despite liabilities, it has net cash, indicating low debt. However, lack of free cash flow adds to the risk.

Anhui Tatfook Technology's low P/S ratio may signal bearish investor sentiment stemming from underwhelming revenue growth. If current trends persist, a near-future share price rebound seems doubtful.