My Age of Investment

   Chapter 1115 Photovoltaic Mao

   In the evening, Xia Jingxing and the executives had a dinner in a private restaurant, which completely brought the mid-year meeting to an end.

   After everyone else left, Xia Jingxing asked Zeng Huqun to go to a private club and sit together.

   "Due to the limited time in the meeting today, I didn't have a few words with you. You will be returning to Guancheng tomorrow, so I have to drag you here for two drinks late at night."

  Zeng Huqun smiled slightly, "Mr. Xia, what instructions do you have?"

  Xia Jingxing waved his hand, "I don't have any instructions, I just want to chat with you for a while."

   Having said that, Xia Jingxing picked up the wine bottle on the table, poured a glass of wine for Zeng Huqun, filled it up for himself, and the two began to drink.

   After a few glasses of wine, Xia Jingxing no longer sold off, and directly explained the purpose, "What do you think of the solar energy and photovoltaic industries?"

  Zeng Huqun's face was surprised at first, but soon returned to normal.

  Fuxing Solar, a company under the energy business group, has been registered for some time, and has not officially started operations, just an empty shell.

   However, Zeng Huqun believed that Xia Jingxing would enter the photovoltaic industry sooner or later, but he did not expect it to happen so quickly.

   After pondering for a moment, Zeng Huqun said slowly: "Mr. Xia, photovoltaic power generation refers to a technology that uses the photovoltaic effect of semiconductor interfaces to directly convert light energy into electrical energy.

   In 1839, when a 19-year-old French physicist Becquerel did a physical experiment, he found that when two metal electrodes in a conductive liquid were irradiated with light, the current would be strengthened, thus discovering the "photovoltaic effect".

   However, due to various factors such as material technology, power generation efficiency, and economic cost, solar cells have not achieved significant development, and the development stage has been stuck in the laboratory.

  It was not until 1954 that Bell Labs developed a monocrystalline silicon solar cell with a power generation efficiency of 6%, which was also the world's first practical solar cell, and this technology ushered in a great development.

   Our country's photovoltaic technology started a little later, and the first monocrystalline silicon was developed in 1958.

   However, because of the shortage of petroleum resources in my country, we pay more attention to the development and support of the photovoltaic industry.

  Since my country established the first demonstration project of polycrystalline silicon cells and application systems in 1998, after ten years of rapid development, my country has successfully surpassed Japan to become the world's largest producer of photovoltaic cells last year.

   Production jumped from 400MW (megawatts) in 2006 to 1088MW in 2007.

  Suntech Power in Jiangsu Province and Saiwei in Jiangxi Province have both landed on the New York Stock Exchange in recent years, enjoying this industry dividend. "

   Listening to Zeng Huqun introducing the development history of the photovoltaic industry at home and abroad, Xia Jingxing nodded slightly, indicating that the other party had done his homework and was more concerned about the photovoltaic industry.

Xia Jingxing still clearly remembers that when he first returned to China three years ago, Suntech Power had just landed in the capital market and became the first private enterprise in China to be listed on the New York Stock Exchange. Its reputation is booming, and it is known as the "Microsoft in the photovoltaic industry". , Suntech founder Shi Zhengrong also briefly became China's richest man for a few months.

  The rapid development of the photovoltaic industry is evident.

   After that, Xia Jingxing has been paying attention to the development of Suntech Power.

The company completed 360 megawatts of production last year, formed a production capacity of 540 megawatts, and achieved sales revenue of over 10 billion yuan. The company's market value exceeded 10 billion US dollars, and it successfully entered the world's top three photovoltaic powerhouses. In addition, it has become the main stadium of the Olympic Games, the Bird's Nest. Engineering solar power provider.

Shi Zhengrong himself is in the limelight. He has become one of the rare entrepreneurs in China who has entered the world stage. He was named "45 World Heroes" by the US "Time" magazine, and "50 people who saved the earth" by the British "Guardian". ”, also known by Chinese media as the “Daily Hero”.

  Zeng Huqun said in a flat tone: "Take Shi Zhengrong as an example, he can be said to be a chicken and a dog, and at the same time, he has changed the pattern of the photovoltaic industry in China and the world.

   After Shi Zhengrong successfully became the richest man, Xicheng also became the largest photovoltaic production and export base in China.

   Then Suzhou went crazy, then Jiangnan went crazy, and the entire Chinese photovoltaic industry went crazy along with it!

   Yamen in various places followed suit, trying to bet on finding the next Shi Zhengrong and becoming the second Xicheng himself.

   At the craziest time, as many as 600 cities across the country regarded photovoltaics as a strategic emerging industry, and almost every city had its own photovoltaic industrial park.

   In the past few years, dozens of photovoltaic companies have been successfully listed at home and abroad, attracting thousands of entrepreneurs and practitioners to rush into this industry to seek gold. The myth of making wealth is no less than the Internet boom.

  Mr. Xia, do you think anything terrifying will happen next? Like the bubble burst? Overcapacity? Subsidies ebbing? "

  Zeng Huqun looked at Xia Jingxing with a smile, his eyes were wise and calm, and he didn't seem to be at all moved by the booming photovoltaic industry just introduced.

  Xia Jingxing replied with a smile: "The development of any emerging industry is like this, from chaos and disorder to orderly, but the whole process will be cruel, and a large number of enterprises will be eliminated."

   Seeing that Xia Jingxing was very clear about his understanding, Zeng Huqun smiled and stopped reminding him too much. He changed the topic and talked about the technology of the photovoltaic industry.

   "The overall carnival of China's photovoltaic industry is actually more like a fragile building built on the beach, which can be pushed down.

   Suntech Power and Savi are essentially "foundry" roles.

   More than 90% of photovoltaic products are sold overseas, more than 90% of the core raw materials are also imported, and even key manufacturing equipment is foreign.

   In this model where three or more heads are overseas, as long as there is any trouble in foreign countries, China's photovoltaic industry, which is generally developing with fire and oil, will soon shut down. "

  Xia Jingxing nodded lightly, "You are right, with the introduction of a renewable energy bill in Germany, European countries have followed suit, all of which are heavily subsidizing and supporting the photovoltaic power generation industry.

  In this context, China's photovoltaic manufacturing industry has rapidly formed a scale using foreign markets, technologies and capital.

  The fact that China's photovoltaic industry can be today is actually the food that the Europeans gave.

  If any financial crisis breaks out, the government has no money to subsidize photovoltaic power generation, or European countries launch anti-dumping investigations, then the Chinese photovoltaic industry will immediately stop, and there is no resistance at all. "

  Zeng Huqun nodded slightly. This is not an alarmist, but a fact. After a little research, we can find that the entire Chinese photovoltaic industry is too fragile.

  The reason why people today rush in regardless is that they are completely blinded by money fans, for fear that they will not be able to catch a hot bite later.

  Xia Jingxing suddenly said: "Even if the environment is so unfavorable, we still need to do photovoltaics."

  Zeng Huqun was not too surprised, he just asked calmly, "Why?"

  Xia Jingxing explained with a smile: "Multiple reasons!

   First, the energy business group has included two major businesses: consumer electronics lithium batteries and automotive power lithium batteries. It is impossible to completely ignore photovoltaic TV.

   Second, the photovoltaic industry cannot be permanent without domestic technology and market. As long as the policy is implemented, the photovoltaic industry can quickly recover and become more vital than before.

   Third, with the gradual exhaustion of petroleum energy and global warming, the use and promotion of renewable and clean energy will sooner or later sweep the world from Europe.

  This industry will not be smaller than the manufacture of lithium batteries. It is a bet for the next 50 years. It is estimated that by 2060, the photovoltaic industry may become a giant, and the birth of Microsoft in the photovoltaic industry is no longer a joke.

   Fourth, industrial integration, Fuxing Automobile is already under development. In the future, charging piles and charging networks will need to be established across the country. Photovoltaic power stations in various places will provide them with strong logistical support, reduce charging costs, and form an industrial closed loop.

   Fifth, after the advent of the financial crisis, the upstream, midstream and downstream industry chains of the photovoltaic industry fluctuated violently, which is a good time to hunt for the bottom. "

Zeng Huqun smiled lightly, "Mr. Xia, except for the last point that you may see hope in the last one or two years, the other four points are all long-term plans, ten years, twenty years, or the fifty-year plan you said. "

  Xia Jingxing said with a smile: "That's why I said it was a small talk. The group has not yet made a clear plan for entering the photovoltaic industry on a large scale."

   Zeng Huqun heard the overtones and asked, "You mean small-scale entry?"

"right!"

  Xia Jingxing said with a smile: "China's photovoltaic industry is outside the three heads, and we can't control the market. We need to wait for the arrival of national policies to change, but the raw materials and equipment are outside, which is equivalent to being stuck in the neck.

  Take silicon wafer slicing machine as an example. There is no domestic manufacturer that can produce this kind of manufacturing equipment. It can only be imported from the United States and South Korea. Not to mention the high price, the supply may be cut off at any time.

At present, the situation of the photovoltaic industry is not very clear, with production capacity explosions in various parts of the country, and the anti-dumping investigations in Europe and the United States may be knocked down at any time. It is not advisable to rashly enter the middle reaches of the industry chain. Photovoltaic power station.

   Therefore, our best choice is to lay out upstream materials and manufacturing equipment, so as to solve the problem of stuck neck and wait for opportunities;

  Secondly, the industry chain can be opened up, and when the time comes, it will immediately go to the middle and lower reaches of the industry chain. "

   Zeng Huqun understood, Xia Jingxing chose to cut into the photovoltaic industry from the technical direction, and considered it in the long term.

   And now, the domestic photovoltaic companies that are in full swing have no technology, and they are just one generation of factories. They are desperately trying to build new factories and scale. When the storm hits, they have no resistance at all, and they can't even struggle.

  Xia Jingxing continued: "The reason why Made in China is at the bottom of the industrial chain is that it cannot break through some core technologies, it does not make too much profit, and it is easy to be caught in the neck.

  To solve this difficulty, we can only cultivate as many “specialized” companies as possible, instead of making them big like Futukang and Suntech. "

   "Mr. Xia, I get it, we should plan the layout first, and wait until the time is right to enter the photovoltaic industry on a large scale."

  Xia Jingxing replied: "Yes, we can't wait until the industry explodes to follow the trend, what is most needed now is to practice internal skills, develop technology, and forge a mature industry chain.

  I will say hello to Deng Yuanjun, the Renaissance Industrial Industry Foundation will provide all the necessary financial assistance for the development and layout of the Renaissance solar energy.

   Whether it is industrial chain investment or mergers and acquisitions, it can be. "

   Hearing this, the last worry in Zeng Huqun's heart disappeared completely. As long as there is the help of the 100 billion fund, then their energy business group will deploy another photovoltaic industry, and it will not affect the development of new energy technology and the Ningde era.

   "No problem, Mr. Xia. Immediately after I returned to Guancheng, I carried out a comprehensive investigation of the photovoltaic industry, and at the same time, I also established a framework for reviving solar energy."

  Xia Jingxing has a faint smile on his face. If Fuxing Industry builds another "photovoltaic grass", then count how many grasses he has in his hands?

  Home appliances, mobile phones, semiconductors, batteries, drones, cloud computing, artificial intelligence…

   When these high-end manufacturing industries have developed, the market value of them together should be able to surpass Moutai Benmao, right?

   (end of this chapter)