Quechen Silicon Chemical's low P/E ratio is due to declining earnings and weaker growth momentum. Investors accept this, acknowledging future earnings may not exceed expectations. If medium-term earnings trends persist, share price may not grow significantly soon.

Despite Quechen Silicon Chemical's respectable ROE and income growth, its value is declining and its growth rate is underwhelming. The high ROE hasn't greatly benefited investors due to the company's low reinvestment rate and decision to focus on paying dividends.