Shanghai New Power Automotive Technology Stock Forum

The company's low P/S ratio may be due to expectations of continued poor revenue performance. If the company's revenue does not improve, the share price may continue to struggle. The company's declining revenue over the medium-term is contributing to its low P/S, and shareholders are currently accepting the low P/S as they expect future revenue will not provide any pleasant surprises.

The company's share price drop is seen as justified due to its revenue decline. It needs to recover from a revenue drop to attract interest. Last year's performance may indicate unresolved challenges, worse than the annualised loss of 3% over the last half decade.