Puyang Huicheng Electronic Material Co., Ltd. (SZSE:300481) shareholders are no doubt pleased to see that the share price has bounced 28% in the last month, although it is still struggling to make up recently lost ground. But the last month did very little to improve the 50% share price decline over the last year.
In spite of the firm bounce in price, Puyang Huicheng Electronic Material may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 13.5x, since almost half of all companies in China has P/E ratios greater than 30x and even