The company's high ROE is encouraging, but the significant debt usage to enhance returns is worrisome. A high ROE doesn't always indicate superior financial performance, especially when a company employs high debt levels. The mix of a relatively low ROE and substantial debt usage is not very attractive.

Despite a recent drop, investors' willingness to pay for the stock remains high due to strong revenue performance expectations. The high P/S ratio is justified by higher than industry forecast three-year growth. If medium-term revenue trends continue, the share price is unlikely to fall significantly.

Qingdao Huicheng Environmental Technology Group's significant future growth justifies its high P/S ratio. Its positive growth forecast and solid revenue growth history, comfort shareholders with the high P/S ratio. These conditions are predicted to continue driving the stock price.

The company's high ROE overshadows the industry average. However, the significant debt usage to inflate returns raises concerns. Coupled with relatively low ROE and high debt utilization, the company's current position seems less attractive.