Despite low ROCE and underperformance compared to the industry average, Shanghai Belling's positive ROCE trend and capital increase indicate potential for higher rate internal investments.

Shanghai Belling's low P/S ratio may be due to investors' subdued expectations about its future growth; stakeholders are currently accepting the low P/S given their measured outlook on revenue surprises. If recent conditions persist, it can influence the share price at existing levels.

Despite Shanghai Belling's ROCE being a low figure in absolute terms, its upward trajectory is seen as promising. The company's ability to profitably reinvest capital and grow its capital base is highly appreciated, and future trends deserve close observation.