Xingyuan Environment Technology's high P/S ratio is concerning amid its recent revenue decline. Despite bullish investors, continued revenue trends could significantly impact the stock's value. The current stock value may be hard to accept if recent medium-term revenue trends persist.

The company's lack of profitability and continued decline in revenue has led to its share price performance being viewed negatively by risk-averse investors. The company's underperformance compared to the broader market suggests unresolved challenges.