Our Rise Era

Chapter 143: Destruction and Doomsday

July 2008.

The shadow of the end of the world hangs over the hearts of countless people.

In the era of globalization...

No country can survive this wave of crisis, which has spread rapidly from finance to the real economy, from the initial stock market to the export industry and then to real estate...

Overnight, countless people went to the rooftop.

Also overnight, countless people fell from the halls of being worth over 100 million yuan in an instant.

And among them...

The worst is China's photovoltaic industry.

The most core component of the photovoltaic industry is polysilicon.

However, since 2006, polysilicon has been heavily dependent on imports, with annual production of less than 100 tons, used only in the semiconductor industry...

At this time, the domestic photovoltaic industry is a typical "processing with supplied materials", lacking pricing power and voice, and relying only on the cheap labor advantage of the "world factory" to maintain itself. It has no resistance to external storms...

but……

At that time, countless people were influenced by Western slogans such as "new energy, carbon emissions" and immersed in the wave of listing in the United States.

In 2007, there were nearly 11 photovoltaic companies in China, accounting for half of the world's photovoltaic industry. There were already photovoltaic companies listed in the United States, forming a powerful "China Photovoltaic Group" in the international market...

All of them basking in the glory of madness...

No one realized that this financial crisis would be so crazy!

..........................................

"The price of polysilicon has dropped from $500 per kilogram to more than $200!"

"We lost, we lost, we lost!"

"Ruined!"

"..."

[Suzhou Lingde] In the conference room.

Countless people had solemn expressions, staring intently at the financial crisis sweeping the world on TV.

I watched as the stock of [Suzhou Lingde] began to plummet madly from $9 per share in mid-September to $100 per share in just one month!
The investor's face turned pale...

Looking at the green data in despair...

At the door of the conference room, people came in and out from time to time, reporting a series of bad news.

When I saw that the price of polysilicon dropped from $500 per kilogram to more than $200 in just one month...

Wang Hengli, the helmsman of Suzhou Lingde, fainted on the spot at the main seat.

After nearly ten minutes of rescue, Wang Hengli finally woke up. However, after waking up, he seemed to have aged dozens of years in an instant. The once powerful Mr. Wang Hengli was now mumbling to himself in words that no one could understand.

Close to for a long time...

Only then could one barely hear a few voices saying things like "It's over," "It's over!", "We [Suzhou Lingde] are finished!"

Even the backbone of the team lost its composure like this.

All the other people sitting in the meeting were like ants on a hot pan at this moment.

Some people took out their mobile phones and made various calls, seeking to see if they could terminate the contract on the raw material "polysilicon" with the European side.

However, at this moment, there was no response from the European side at all. Even if there was a response, it was expressed with a bit of panic as if they were trying to pretend to be calm.

The financial crisis in the United States has swept the world, and the most direct impact is the whole of Europe, from Britain to Germany and Spain. The entire stock market, trade market, and raw material market are all in chaos. I don’t know how many industries are on the verge of collapse...

No one has time to worry about what is happening with China's photovoltaic industry anymore!

2005 years.

Stimulated by the preferential policies for solar cells in Europe and the United States such as Spain and Germany, the demand for solar cells overseas has exploded, resulting in a global shortage of polysilicon raw materials. The price of polysilicon has skyrocketed, exceeding US$400 per kilogram, and even reached US$2008 per kilogram at the beginning of 500...

China does not have its own research and development capabilities, but China's photovoltaic industry is in full swing at this moment and is flourishing all over Europe, which is completely blocked.

Since the beginning of 08, nearly 10 photovoltaic industry giants in China have united and headed to Europe and the United States for negotiations that lasted about three months!
After paying a huge price, a five-year contract was signed.

In the 5-year contract, the purchase price of polysilicon is US$500 per kilogram, and this price will remain the same regardless of how the market changes within 5 years.

In order to stockpile more raw materials, some people even took out loans and emptied their savings to prepay for eight years of polysilicon orders...

The most stable companies have also purchased three years of pre-orders for polysilicon.

However, not long after the agreement was signed, countless CEOs of China's photovoltaic industry breathed a sigh of relief and secured victory!
The European and American people suddenly took out a knife and stabbed everyone hard.

After returning to China, the bosses had barely gotten comfortable with their jobs when the price of polysilicon, which had been rising wildly some time ago, began to stagnate...

At first, everyone thought it was just a minor adjustment...

But then, starting in July, as the European and American financial markets became increasingly bizarre, the entire raw materials market also began to follow the financial markets and suddenly fell like crazy...

And this fall!
China's entire photovoltaic industry has almost suffered a severe blow.

..........................................

“We are monocrystalline silicon!”

"We are developing monocrystalline silicon, not polycrystalline silicon. We are Chinese and we have our own technology!"

"The market for polysilicon will not affect our monocrystalline silicon. As long as we develop it, we will have huge profits in the future!"

"Our monocrystalline silicon is not only a photovoltaic industry, but also has more profits..."

"We are the first generation of single-crystal silicon. If we succeed, we can apply it to high-performance semiconductor devices such as large-scale integrated circuits (LSI), microprocessors, memory chips, and high-efficiency solar panels..."

"We are just a little bit away, just a little bit away!"

"..."

05 years.

When the Chinese market and all photovoltaic industries embraced polysilicon from Europe and the United States, they all went crazy to go public in the United States under the hype of capital.

Diao Guangdou, the boss of a Suzhou-based company called Shenglan Technology, seems to be a stubborn paranoid. He has recruited hundreds of researchers and, while working on the polysilicon industry, he has also invested a large amount of manpower and material resources into the high-end field of monocrystalline silicon.

At first, when China's photovoltaic industry went public in Europe and the United States, all small and medium-sized capitals felt that this was the future... Diao Guangdou naturally also attracted a lot of investment in this industry.

At its peak, his research institute's annual investment was close to 3 million RMB!

That was 05 million in 3, absolutely astonishing!
however……

Capital, however, is a group that desires quick results. They invest in one year and hope to see results next year.

From 05 to 07, when the photovoltaic industry was at its craziest, other photovoltaic companies went public in the United States and made a fortune. However, Shenglan Technology invested a lot of manpower and material resources, which led to financial difficulties, and the bell for listing came to an abrupt end.

In 07, the investors saw that after two years of research and development, [Shenglan Technology] had not developed anything. When they asked people about it, the other party always said "almost" or "just a little bit". Then...

The capital finally lost its patience and began to withdraw its investment.

In 08, Diao Guangdou's [Shenglan Technology] started with a staff of about a hundred, but eventually it was reduced to only about 20 core staff due to unbearable depression and poaching by various companies.

10 month 12 day.

in the office.

Diao Guangdou made one phone call after another in despair.

His eyes were red and he was close to madness. His whole body was like a machine, constantly repeating the benefits of monocrystalline silicon and talking to the investors about how he was just a little bit away from successful research and development.

However, the response was a cold response and widespread divestment.

Capital has completely lost interest in the research and development of so-called "monocrystalline silicon".

Even if he sent all his research and development results and academic reports to the capital side, the response he got was.

"Forget it, I just consider myself unlucky, I won't venture into this water anymore!"

"..."

"Lao Diao, look at what time it is now. There is a financial crisis, a global financial crisis. Do you know how the photovoltaic industry in Europe and the United States is doing now?"

"..."

"The financial crisis has spread from the stock market to the housing market, and then to currency and the real economy. Analysts have told me very seriously that the demand for the photovoltaic industry in Europe and the United States is decreasing rapidly... Wait for another month and see how many photovoltaic companies in China are going bankrupt. Look at the current stock market and see which photovoltaic industry has not hit the limit down."

"..."

"I know your research and development results have reached the most critical moment, but if the entire market is gone, what use are you?"

"..."

"Even if your monocrystalline silicon can be used in semiconductor chips, the problem is the market. Without the market, no matter how powerful your technology is, it's useless. It's just bullshit. Do you know what bullshit is? Fuck you, I have invested nearly 05 million yuan in you since 2, and you haven't given me anything in return!"

"..."

"Mortgage? What can you mortgage now? Your company? The market value of listed photovoltaic companies has shrunk to a point where it has become a mess. Do you know that?"

"..."

"Don't talk to me about dreams! It's your shitty dream that made me lose nearly 2 million!"

"..."

"Your research institute, your company, whoever wants to take over can take it over now! Just ask the person who takes over to transfer my shares to me!"

"..."

"Damn it, who is taking over at this time? You are a psychopath! In 05, I believed your lies and it was really bad luck for me!"

"..."

outside the window.

The sunset fills the sky.

in the office.

Diao Guangdou was left speechless by a series of questions.

Then...

The phone was hung up.

When I called again, the other party's lawyer took over. The other party's lawyer hoped to estimate the value of the research institute during this period of time and get some more money to make up for the loss, which would be even better!

Diao Guangdou lowered his head silently.

Looking at the research institute outside the window, his expression was pale.

“Mr. Diao…” The secretary pushed the door open with despair on his face.

"you say……"

"Huaxia's photovoltaic industry is facing large-scale layoffs and unemployment. I have asked nearly 20 investors, and no one is willing to invest in us at this time..."

"Tell them that we will succeed soon. It will take at most half a year. Yes, at most half a year! I will test it again. Here are some technical reports. I haven't cracked it yet!"

"No one will believe it. It's been three years. We haven't achieved anything in these three years. We also missed the craziest era of monocrystalline silicon. We...are now completely defeated. President Diao, let's accept the reality...If we sell the current achievements of the institute, we may be able to sell them for tens of millions..."

"No! Wait a little longer, wait a little longer, there is still a chance, there is definitely still a chance, let's make some calls, let's make some more calls, there will always be someone who knows what's good."

"..."

Just when Diao Guangdou was losing control of his emotions...

There was a knock on the door.

Immediately afterwards...

He saw a young man wearing glasses.

The young man was followed by a fat man and someone who looked like a lawyer.

Just when Diao Guangdou thought that it was the capital he had invested before and came to collect the debt...

But I found that the young man came over first.

Shake hands with yourself!
"Boss Diao!"

"Hello, you are……"

"I am Zhang Yang..."

(End of this chapter)