To cool down China's overheated robotics industry, go back to the basics | TechCrunch

To cool down China’s overheated robotics industry, go back to the basics

A worker waits for a robot processing an order at the dining hall of the Main Press Center ahead of the 2022 Winter Olympics in Beijing, on January 28, 2022. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

The price-to-earnings ratio is no longer applicable for many listed companies, and the market-to-sales ratio has also gone out the window.