I think those numbers reflect the 1:15 ADR however. The FX drop is not it either. KS is the blue line. Something's not right though, that's for sure. Certainly worth putting this one on a watch list, albeit as these things go, it will take a lot of volume to dig itself get out of that hole. Those top-line margins undeniably suck if they're a software company--- no matter how much money they lose.
With a universe of thousands of equities to look at, there is no reason whatsoever to put a Chinese ADR on any watch list of mine. However, I do enjoy keeping my research capabilities up to date.
If they move, they move. Tradeable opportunity if they do. Right? Anyway... Here's the Sector/ Sub-sector gross margins: https://csimarket.com/Industry/Industry_Profitability.php?ind=1011 This company is waaay out of whack.