Guoyuan Hong Kong published a report stating that it maintains the buying rating of Leix Lighting (02222-HK) and gives a target price of HK$3.98 according to the price-earnings ratio, which is equivalent to a price-earnings ratio of 24.9 times in 2010 and 19.9 times in 2011, with room for an increase of 23.2% from the current price. According to the report, the share of energy-saving products has increased, and the outlook for the industry is optimistic. In the first half of 2010, with macroeconomic recovery, the lighting industry began to show signs of recovery. The lighting industry produced 9.02 billion electric light sources in the first half of the year, an increase of 29.6% over the same period last year; 1.01 billion sets of lamps and lighting devices were produced during the same period, an increase of 25.3% over the same period last year. The report also said that the current “low carbon economy, energy saving and emission reduction” is an international trend, and the Chinese government will vigorously promote the use of energy-saving lighting products; at the same time, the company has fully grasped market opportunities and gradually increased the share of energy-saving products in the company's total revenue. Currently, energy-saving products account for 60.8% of the company's total revenue. Leix Lighting rose 4.18% yesterday to close at HK$3.24.