Chapter 99 The Storm
Li Xiande, chairman of JinkoSolar, watched as the media’s attention was focused on Chen Yuanguang, and no one cared about JinkoSolar’s role in this round of cooperation.
Li Xiande has not felt this feeling of being a passerby on the stage for a long time since JinkoSolar went public.
Even in large official forums, he is still the focus, at least one of them.
Like the yidaiyilu summit held in China, JinkoSolar is the only photovoltaic company representative.
Looking sideways at Chen Yuanguang's excessively young appearance, Li Xiande couldn't help but sigh, now is the age of young people.
The focus of the next reporter’s question is still on Chen Yuanguang:
“Mr. Chen, just now you mentioned that perovskite is to prepare for future satellite technology and belongs to asteroid mining.
I would like to ask, does it mean that there will be a large number of technologies in the future of light armor aerospace that can be applied in the civilian field? Can you give us an idea? ”
Chen Yuanguang? After listening, he said: "Sorry, I have no way to predict.
We will complete the research and development of recyclable rockets in the short term, and then launch satellites. The Chinese compound eye project we are currently working on with Yenching University of Science and Technology and the Electronic Radar Institute of the Chinese Academy of Sciences will also be online soon.
The specific technology depends on whether new technologies will break out during the advancement of these projects.
Currently, our R&D team is very short of talents. There are many reporters here. Can you help me spread the word? Guangjia Aerospace sincerely invites talents from all walks of life to join us. We can provide first-class treatment in the industry.
More importantly, what we do is interesting enough and we can create a good environment for talents. ”
After Chen Yuanguang finished speaking, the reporter continued to ask:
"Mr. Chen, the outside world unanimously believes that human hibernation technology is also an indispensable technology in the development of commercial aerospace technology.
Currently, light armor technology has great advantages in the field of human hibernation, and there are pursuers from all over the world. They currently have no decent products to offer.
I would like to ask Mr. Chen, how long do you think the advantages of human hibernation technology of Guangjia Technology can be maintained, and why should Guangjia Aerospace be separated? >
Guangjia Aerospace and Guangjia Technology are actually R&D enterprises in the aerospace field.”
Chen Yuanguang’s true inner thought is that Guangjia Technology is a product of his own immaturity. I did it as soon as my brain got hot.
With the subsequent experience in real time and space and future time and space, after he gained an in-depth understanding of corporate management and capital operations, he did not want to inject the high-quality assets he had on hand into Guangjia Technology.
Guangjia Aerospace is to start a new business. It can distribute dividends to investors, but it cannot control 100% of the control rights in its own hands.
You definitely can’t say this on the surface: “I don’t know much about the research and development of human hibernation technology by other institutions.
Currently, the research and development of human hibernation technology by Guangjia Technology is still progressing step by step. , the progress is more optimistic than we expected.
The first round of clinical trials in Europe and Southeast Asia should be completed within this year, and the clinical trial data in North America are also very optimistic.
As for Guangjia Aerospace, it was split off to form a separate company because Guangjia Aerospace’s mission is not to make a profit.
If I still put it in Guangjia Technology, it would be equivalent to using investors’ money to realize my dream. It would cost a lot of money, and I may not see a return.
This is a great harm to the shareholders of a listed company. Split it out and make this matter clear. Guangjia Aerospace needs investors who have dreams and can persist in long-term investment without returns. ”
After Chen Yuanguang finished speaking, the financial reporters present quickly thought of the unscrupulous companies in Big A, and suddenly felt that Chen Yuanguang was still too young to actually think about small and medium-sized investors.
See you I'm used to the big A's intrigues, this kind of simplicity is really rare
"Mr. Li, what do you think the cooperation with Guangjia Aerospace means to JinkoSolar?"
After being overwhelmed with questions one after another, a reporter finally asked Li Xiande a question. This question is still with Guangjia Aerospace. Aerospace related.
Li Xiande thought to himself, do you still remember me?
Because no one paid attention to him for too long, he stepped forward to the microphone: "It is an honor for JinkoSolar to be able to cooperate with Dr. Chen. The R&D strength of Dr. Chen and their team is obvious to everyone. .
We will form a long-term cooperative relationship with Dr. Chen and Guangjia Aerospace. I think our cooperation with Dr. Chen is not only about the new generation of perovskite cells.
Internally, we are very satisfied with the data performance of the new generation of perovskite cells, which will open up the next profit growth point for JinkoSolar. ”
Li Xiande’s answer is very official, but the key point is actually the last two sentences.
After these companies in the photovoltaic sector began to reap the dividends of the explosive growth of the photovoltaic industry in 2018, everyone knows Photovoltaics make money, and various companies have begun to enter the photovoltaic industry.
This has caused the entire industry to become too involved, and profit margins have become lower and lower. Even in order to maintain scale and keep machines running, they will do whatever it takes to compete for orders, resulting in losses. Normal.
Manufacturing has become a strong cyclical industry like pig farming, and it is still in a downward cycle. All companies in the photovoltaic field have been falling since last year. The difference is just more declines and less declines.
As an industry giant, JinkoSolar is no exception, and the bigger the giant falls, the more obvious it is. Li Xiande needs to inject confidence into the market and change investors' understanding of JinkoSolar.
After the press conference, Li Xiande invited Chen Yuanguang to have a casual meal alone.
“Yuan Guang, although I have said it many times before, including at the press conference, I am still very happy to cooperate with you.
We have built a small production line internally. They have a very high evaluation of the technology of light-armor aerospace.
Originally, it was thought that it was a relatively mature technology, and it would need to promote thinning, microcrystalline technology, and no main grid with subsequent scale-up and industrialization. Cost reduction and efficiency improvement of other processes.
As a result, this aspect has been very perfect. In the future, large-scale production will only be needed to reduce the loss of equipment and auxiliary materials and improve efficiency and quality levels.
We can’t help but admire that Guangjia Aerospace has a deep understanding of large-scale industrialization and knows how to design processes for technical implementation in this area.
This is the most difficult thing for R&D-oriented companies. "Li Xiande was full of admiration.
JinkoSolar has invested in many R&D-oriented companies, including some horizontal projects for some university professors and young teachers.
These investments will have problems more or less. The most common problem is that the experimental data is very good, but it is just a mess when it is put into production lines in factories.
Most of it cannot be used, it is just data that is made up for writing papers, and there are technical problems that cannot be solved in mass production.
The few technologies that can be used still need to solve many real-life problems, and it is not as fast as starting from scratch within themselves.
This has also caused JinkoSolar to significantly reduce its investment in such companies and individuals, except for particularly famous professors.
The reason why I believe in Light Armor Aerospace is because of the endorsement of human hibernation technology and Chen Yuanguang’s background as an MIT graduate. JinkoSolar is willing to try it.
After trying it, I found that this technology is really different. It is completely different from the previous one. There is no problem in large-scale production. As the production capacity increases, combined with crystalline silicon solar cells, the cost can be reduced. Reduced to 2 cents/W.
The current cost is 1 yuan/W. The cost of solar cells has been reduced by 80%. The outside world may not know what this means, but Li Xiande, as an expert, knows it all too well.
It took 10 years from 2010 to 2021 to reduce the power generation cost of solar cells by 87%.
Now through new perovskite cells, the cost of power generation can be reduced by another 80%, and the entire photovoltaic industry chain will lead to explosive growth.
Originally in the 14th Five-Year Plan, China was to realize that photovoltaics accounted for 20% of non-petrochemical energy within five years. Now it seems that two years will be enough.
And in five years, the penetration rate of photovoltaics can reach 60% or even higher.
This is a huge benefit to the entire industry.
Li Xiande was glad that JinkoSolar became the first manufacturer to cooperate with Guangjia Aerospace, but he also felt that they were not moving fast enough.
Chen Yuanguang knows what Li Xiande is thinking, and he knows better what perovskite batteries mean. Technological progress will bring further popularization of electricity and accelerate the penetration of new energy vehicles.
“JinkoSolar needs Guangjia Aerospace, Guangjia Aerospace also needs JinkoSolar, and we have a cooperative relationship.
Mr. Li, we need to cooperate with first-line photovoltaic manufacturers to promote the technology.
Only by promoting the technology can we know how to optimize it.
Our expectation is to further reduce the cost, preferably to 2 cents/W. "
Li Xiande swallowed his saliva: "Then the entire energy industry will be reshuffled. "
Li Xiande quickly completed the calculation in his heart: "Yuan Guang, if the cost of perovskite can be reduced to this level, according to the current electricity price, the photovoltaic power station can pay back its cost in three months. Traditional petrochemical energy will suffered a devastating blow.
As crude oil prices plummet, the penetration rate of new energy vehicles will accelerate, and car companies such as Honda, Toyota, and Volkswagen will have to transform into new energy vehicles.
The possibilities of hydrogen energy are further compressed.
The future energy pattern of the entire world will be affected. ”
This is the macro impact, the micro impact Li Xiande hasn’t said yet, if perovskite technology is not allowed to be exported, all foreign photovoltaic industries will die.
Unless they take administrative measures to protect their country industry, otherwise with the support of perovskite technology, the foreign photovoltaic industry will not survive the next day
Chen Yuanguang said: "The gradual replacement of petrochemical energy is the general trend, and no one can change the general trend.
Perovskites only accelerate this process.
The miniaturization of nuclear fission, the advancement of solar technology Progress, these are irreversible. "
Li Xiande nodded: "That's the truth, but it's too fast, I feel like everyone is not ready.
I was on my mobile phone just after the press conference. I have shorted a single order of oil. The price of oil has been falling during this period. When the data of this generation of perovskite technology is exposed, the price of oil will plummet again
Yuan Guang, do you play futures or stocks? "
Li Xiande hopes to find some common topics with Chen Yuanguang.
Chen Yuanguang shook his head: "I don't know much about this if I don't play. "
Li Xiande asked again: "Do you have any hobbies? Such as Texas Hold'em or Egg Breaking?
We have a small card game circle in Shenhai. If you are interested, you can join. You can come and participate in activities if they happen. ”
Chen Yuanguang declined directly: "Mr. Li, I actually want to play, but the pressure has been too much recently. Guangjia Aerospace just burned one billion, and the pressure on state-owned assets in places like Hefei and Pengcheng is here.
I work 24 hours a day, 12 of them, and I have not completed the launch of the first recyclable rocket this year. I really don’t have time to play.”
With the success of my business. , there will always be various circles trying to absorb you.
What Li Xiande told him today, Chen Yuanguang is probably from Shen Hai’s circle of entrepreneurs.
When Lin Jia’s father, Lin Qinghua, came to attend the listing ceremony of Guangjia Technology, he also wanted to get him into the group of Zhejiang businessmen.
When he returned to Yangcheng during the Chinese New Year, there was a similar circle in Yangcheng who wanted to recruit him.
Chen Yuanguang refused them all and found reasons. He was too busy.
It is easy for others to understand when they think of his age and achievements, at least on the surface.
“Crude oil prices have rarely plummeted by more than 5%, the largest single-day drop in 17 years
International crude oil prices, which have been falling for days, have plunged again.
Recently, the price of light crude oil for November delivery on the New York Mercantile Exchange fell by US$5.53 per barrel, or 6.11%, the largest single-day decline in 17 years.
On the same day, the settlement price of ICE November Brent crude oil futures fell by US$5.65, a decrease of 6.19%.
Industry sources said that this plunge was mainly affected by the breakthrough progress of China's next-generation solar energy technology. Due to the negative effects of the next round of interest rate hikes by the Federal Reserve, the international crude oil market experienced an unprecedented plunge.
OPEC urgently announced large-scale production cuts, with total production cuts reaching 2.2 million barrels per day. After the news came out, international crude oil prices barely stopped falling, but according to industry insiders, the situation is not optimistic.
The cost and efficiency of the new generation of solar cells far exceed industry expectations, which will have a fatal impact on crude oil prices. OPEC’s production reduction is a short-term positive and cannot stop the long-term negative consequences of technological progress."
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“Recently, major photovoltaic manufacturers including LONGi Green Energy and JA Solar Technology have successively reported that they will cooperate with Guangjia Aerospace. JinkoSolar, the first company to reach cooperation with Guangjia Aerospace, has signed an investment agreement of up to 5 billion yuan with HF City.
According to internal sources, the cost of this new generation of solar cells will be reduced by at least 70%, which will lead to the launch of a new round of new energy infrastructure. The power grid stated that it will increase investment in grid transformation, ultra-high voltage projects and grid-side energy storage facilities based on the research.
Affected by this great news, photovoltaic, energy storage, wind power and other sectors have set off a rising trend. , the industry unanimously believes that the fundamentals of the industry have recovered, and a new upward cycle of the photovoltaic industry has arrived."
It was turbulent for a while.
(End of this chapter)