Zhejiang Zoenn Design's ROCE trend is worrying, hinting at potential loss of competitive edge or market share. A decrease in current liabilities may be impacting ROCE generation efficiency. Long-term shareholders have seen a 59% investment depreciation over three years, indicating market disapproval of these trends.

Despite poor financials, the company's high P/E ratio indicates investor optimism. However, this could lead to disappointment if the ratio aligns with recent negative growth rates. The sustained high P/E ratio is concerning given the unlikely long-term support of such optimism.