Yesterday, the Shanghai composite index fell nearly 60 points, and no plate was red, but Changfang lighting rose against the market by 5. 18, the pushing hand behind it is the institution. Yesterday's public trading data showed that the first two buying seats of Changfang lighting were institutions, with the largest buying seat buying 44. 36 million yuan and the second largest buying seat buying 7. 22 million yuan; Although Guotai Junan trading unit ranks the second largest selling seat, the seat is in a net buying state, with a net buying of 3. 4 million yuan, and two other institutions sold a total of 9. 01 million yuan. The total net purchase of Changfang lighting was 45. 97 million yuan, accounting for of the total turnover on that day. LED prosperity is determined, and the valuation of rectangular lighting is at a low level of similar companies. The agency believes that the promotion of consumer recognition has enabled the LED lighting market to start in an all-round way. The LED lighting industry has started in large quantities, but it is still in a price reduction channel. Enterprises with the advantages of large-scale production and large channels will eventually benefit, and increase concentration. Changfang lighting has significant advantages in cost and scale. The company's encapsulated components are completely self-sufficient, and the core components of lamps are self-sufficient. The cost of 2013 is expected to be reduced by 4-7, the corresponding gross profit margin increased by 2. 9-5. 4. In addition, the company's packaging output has increased rapidly, approaching the scale of leading 100 million lights, and the capacity utilization rate has remained at about 95. The scale effect will optimize the cost rate and increase the elasticity of new products, cost and scale advantages will accelerate the concentration increase, and profitability is expected to increase. The agency also believes that the dynamic PE of rectangular lighting 2013 is 20 times, far lower than the industry average.