The company's low P/S ratio and declining revenue indicate limited growth prospects and underperformance. Without top-line growth improvement, the P/S could drop further. Recent medium-term conditions may continue to hinder share price.

The company's low P/S ratio and declining revenue indicate a performance worse than the industry's expected 24% growth. The low P/S ratio reflects investor sentiment and future expectations, with shareholders accepting it due to lack of optimism in future revenue.