Chapter 99 The storm is rising
JinkoSolar's chairman Li Xiande watched as the media's attention was focused on Chen Yuanguang, and no one cared about the role JinkoSolar played in this round of cooperation.

Li Xiande hasn't felt this feeling of being an ordinary person on the stage for a long time since JinkoSolar went public.

Even in large forums organized by the government, he is the focus, or at least one of the focus figures.

At the Yidaiyilu Summit held in China, JinkoSolar was the only photovoltaic company representative.

Looking sideways at Chen Yuanguang's overly young appearance, Li Xiande couldn't help but sigh in his heart that this is the era of young people.

The next reporter's question was still focused on Chen Yuanguang:
"Mr. Chen, you just mentioned that perovskite is a preparation for future satellite technology and is a preliminary study for asteroid mining.

I would like to ask, does this mean that there will be a lot of technologies in the future that can be applied in the civilian field? Can you imagine it for us?"

After listening to this, Chen Yuanguang said, “I’m sorry, I have no way of predicting.

We will complete the research and development of reusable rockets in the short term, and then launch satellites. The Huaguo Compound Eye project that we are currently working on together with Yenching University of Technology and the Institute of Electronic Radar of the Chinese Academy of Sciences will also be launched soon.

The specific technology depends on whether there will be new technological breakthroughs during the advancement of these projects.

Our R&D team is currently in great need of talent. There are many reporters here, and you can help me spread the word. Guangjia Aerospace sincerely invites talents from all walks of life to join us, and we can offer 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.

At present, Guangjia Technology has a huge advantage in the field of human hibernation, and its followers from various countries currently do not have any decent products to offer.

I would like to ask Mr. Chen, how long do you think the advantages of Light Armor Technology's human hibernation technology can last, and why do you want to split out Light Armor Aerospace?
Guangjia Aerospace and Guangjia Technology are actually both R&D companies in the aerospace field.”

Chen Yuanguang's true inner thought was that the light armor technology was a product he created during his immature period, and he did it on impulse.

As he gained experience in the real and future time and space, and gained a deeper understanding of corporate management and capital operations, he no longer wanted to inject his high-quality assets into Guangjia Technology.

Guangjia Aerospace is trying to start a new business. It can pay dividends to investors, but it cannot have 100% control in its own hands.

You certainly can’t say this openly: “I don’t know much about other institutions’ research and development of human hibernation technology.

At present, Guangjia Technology's research and development of human hibernation technology is still progressing step by step, and the progress is more optimistic than we expected.

The first round of clinical trials in Europe and Southeast Asia should be completed this year, and the clinical trial data in North America is also very optimistic.

As for the fact that Guangjia Aerospace was split off to form an independent company, it is because Guangjia Aerospace's mission is not to make a profit.

If I still keep it in Guangjia Technology, it would be equivalent to using the investors' money to fulfill my own dream. It would cost a lot of money and I might not see a return.

This is a huge loss to shareholders of a listed company. We need to separate the company and make this clear. Guangjia Aerospace needs investors who have dreams and can persist in long-term investment without returns. "

After Chen Yuanguang finished speaking, the financial journalists present immediately thought of the unscrupulous companies in the A-share market, and immediately felt that Chen Yuanguang was still too young to actually care about small and medium-sized investors.
We are used to seeing the intrigues of Big A, and this kind of simplicity is really rare.

"Mr. Li, what do you think the cooperation with Guangjia Aerospace means to JinkoSolar?"

After being overwhelmed by questions one after another, a reporter finally threw a question to Li Xiande, and this question was still related to light armor aerospace.

Li Xiande thought, do you still remember me?

Because no one had paid attention to him for a long time, he moved forward to the microphone and said: "It is an honor for JinkoSolar to cooperate with Dr. Chen. The strength of Dr. Chen and his team in R&D is obvious to all.

We will form a long-term cooperative relationship with Dr. Chen and Guangjia Aerospace. I believe that the scope of our cooperation with Dr. Chen is not limited to the new generation of perovskite batteries.

We are very satisfied with the performance of the new generation of perovskite cells, which will open up the next profit growth point for JinkoSolar."

Li Xiande’s answer was very official, but the focus was actually on the last two sentences.

These companies in the photovoltaic sector have reaped the benefits of the explosive growth of the photovoltaic industry since 18. Everyone knows that photovoltaics make money, and all kinds of companies have begun to enter the photovoltaic industry.

This has led to the entire industry becoming too inward-looking, with profit margins getting lower and lower. In order to maintain scale, keep machines running, and compete for orders, the industry will resort to any means necessary, and losses have become the norm.

The manufacturing industry 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 declining since last year, the only difference is how much they have fallen.

JinkoSolar, as an industry giant, is no exception, and the larger the company, the more obvious its decline. Li Xiande needs to inject confidence into the market and change investors' perception of JinkoSolar.

After the press conference, Li Xiande invited Chen Yuanguang to have a simple meal together.

“Yuan Guang, although I have said it many times before, including at the press conference, I am still very happy to work with you.

We built a small production line internally, and they spoke very highly of the technology of Guangjia Aerospace.

It was originally thought to be a relatively mature technology, but it still needs the subsequent scale-up and industrialization to promote cost reduction and efficiency improvement of thin-film, microcrystalline, bus-free and other processes.

As a result, this aspect has been very perfected. All that is needed in the future is large-scale production to reduce the loss of equipment and auxiliary materials, and to improve efficiency and quality.

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 realization in this regard.

This is the most difficult thing for a research and development company." Li Xiande's face was full of admiration.

JinkoSolar has invested in many R&D companies, including some horizontal projects for some university professors and young teachers.

These investments will have problems to varying degrees. The most common problem is that the experimental data may look good, but when it comes to setting up production lines in factories and putting them into large-scale production, the data is a mess.

Most of them are unusable and are data that were just put together for the purpose of writing papers. There are unsolvable technical difficulties in large-scale production.

The few technologies that can be used also need to solve many real-world problems, so it would be faster for them to start from scratch and develop them internally.

This has also led to JinkoSolar significantly reducing its investment in such companies and individuals, unless they are particularly famous professors.

The reason why they believe in Guangjia Aerospace is because it has the endorsement of human hibernation technology, and with Chen Yuanguang's background as a graduate of MIT, JinkoSolar is willing to give it a try.

After trying it, I found that this technology is really different, and it is a world apart from the previous ones. There is no problem in large-scale production. As the production capacity increases, it can be combined with crystalline silicon solar cells to reduce the cost to 2 cents/W.

The current cost is 1 yuan/W. The cost of solar cells has been reduced by %. Outsiders may not know what this means, but Li Xiande, as an expert, knows it very well.

It took 2010 years, from 2021 to 10, for the cost of generating electricity from solar cells to drop by 87%.

Now, with the new perovskite batteries, the cost of power generation can be reduced by another 80%, and the entire photovoltaic industry chain will usher in explosive growth.

Originally in the 20th Five-Year Plan, China aimed to achieve % of non-fossil energy from photovoltaics within five years. Now it seems that two years will be enough.

Moreover, in five years, the penetration rate of photovoltaics will reach 60% or even higher.

This is a huge boon to the entire industry.

Li Xiande was glad that JinkoSolar became the first manufacturer to cooperate with Guangjia Aerospace, but he also felt that their actions were not fast enough.

Chen Yuanguang knew what Li Xiande was thinking. He knew better what perovskite batteries meant. Technological progress would bring about further popularization of electricity and accelerate the penetration of new energy vehicles.

“JinkoSolar needs Guangjia Aerospace, and Guangjia Aerospace also needs JinkoSolar. We have a cooperative relationship.

Mr. Li, we need to cooperate with first-tier photovoltaic manufacturers to promote the technology.

Only by popularizing the technology can we know how to optimize it.

Our goal is to further reduce the cost, ideally to 2 cents per watt.”

Li Xiande swallowed his saliva and said, "Then the entire energy industry will have to be reshuffled."

Li Xiande quickly completed the calculation in his mind: "Yuanguang, if the cost of perovskite can be reduced to this level, according to the current electricity price, the photovoltaic power station can pay back in three months, and traditional petrochemical energy will suffer a devastating blow.

As crude oil prices plummet, the penetration rate of new energy vehicles will accelerate, and automakers 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 structure of the entire world will be affected.”

This is the macro impact. Li Xiande has not yet mentioned the micro impact. If perovskite technology is not allowed to be exported, the entire foreign photovoltaic industry will die.

Unless they take administrative measures to protect their domestic industries, the foreign photovoltaic industry will not survive the next day with the support of perovskite technology.

Chen Yuanguang said: "It is a general trend that petrochemical energy will be gradually replaced, and no one can change the general trend.

Perovskites simply speed up the process.

The miniaturization of nuclear fission and the advancement of solar technology are irreversible.”

Li Xiande nodded: "That's true, but it happened too quickly and it seems like no one is ready.

Just after the press conference, I shorted oil on my mobile phone. Oil prices have been falling during this period. Once the data of this generation of perovskite technology is exposed, oil prices will plummet again.

Yuanguang, 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 play, I don't know much about these."

Li Xiande asked again: "Do you have any hobbies? For example, Texas Hold'em or throwing eggs?
We have a small poker circle in Shenhai. If you are interested, you can join it. You can also come and participate in the activities. "

Chen Yuanguang declined directly: "Mr. Li, I actually want to play, but the pressure is too great recently. Guangjia Aerospace has just burned 1 billion yuan, and the pressure of state-owned assets in Hefei and Pengcheng is here.

I work 12 hours out of 24 hours a day, and I haven’t completed the launch of the first reusable rocket this year, so I really don’t have time to play.”

As your business becomes successful, there will always be various circles that want to absorb you.

What Li Xiande talked to him about today, Chen Yuanguang was probably from Shenhai’s circle of entrepreneurs.

Before, when Lin Jia’s father, Lin Qinghua, came to attend the listing ceremony of Guangjia Technology, he also wanted to pull him into the Zhejiang businessmen group.

When he returned to Guangzhou during the Chinese New Year, there was a similar circle in Guangzhou that wanted to recruit him.

Chen Yuanguang refused all of them and gave the same excuse: he was too busy.

It is easy for others to understand, at least on the surface, when considering his age and achievements.

"Crude oil prices plunged by more than 5%, the largest single-day drop in 17 years.

The international crude oil price, which had been falling for several days, plummeted again.

Recently, the price of light crude oil for November delivery on the New York Mercantile Exchange fell by $11 per barrel, or 5.53%, marking the largest single-day drop in 6.11 years.

On the same day, the settlement price of ICE November Brent crude oil futures fell by US$11, a drop of 5.65%.

Industry insiders said that the sharp drop was mainly affected by China's breakthrough in next-generation solar technology. Due to the negative impact of the next round of interest rate hikes by the Federal Reserve, the international crude oil market experienced an unprecedented plunge.

OPEC urgently announced a large-scale production cut, with a total reduction of 220 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 cuts are a short-term positive and cannot prevent the long-term negative impact of technological progress."

"Recently, major photovoltaic manufacturers including LONGi Green Energy and JA Solar have announced that they will cooperate with Guangjia Aerospace. JinkoSolar, which was the first to reach a cooperation agreement with Guangjia Aerospace, has signed an agreement with HF City to invest up to 50 billion yuan in an integrated production base for perovskite solar cells.

According to internal sources, the cost of the 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 State Grid Corporation of China stated that it will increase investment in grid transformation, UHV projects and grid-side energy storage facilities based on the survey results.

Influenced by this extremely good news, photovoltaic, energy storage, wind power and other sectors have set off a surge in daily limit prices. The industry unanimously believes that the industry fundamentals have recovered and a new round of upward cycle for the photovoltaic industry has arrived. "

There was a turmoil for a while.

(End of this chapter)