Our Rise Era

Chapter 219 New Life!

“Unable to go public?”

“Why can’t it be listed?”

"why why!"

"..."

7 month 29 day.

8 o'clock in the morning.

[Yanghe New Energy] Liu Yang received a call from overseas.

When he received the call, Liu Yang instantly jumped out of bed and listened to the voice in disbelief.

Immediately afterwards...

He asked his assistant to book a plane ticket and hurried to the United States.

Before boarding the plane, he desperately called the capital over there!
As one of the first photovoltaic companies to invest in European and American industries, Yanghe New Energy can only rely on going public at this moment!
The original plan was that [Yanghe New Energy] would be listed in June this year...

However, due to the American investigation, it was eventually forced to be postponed to August!

For this IPO, he almost threw away all his sovereignty over the company, just wanting to witness the moment of IPO and ring the bell.

However, no one could have imagined that at a critical moment, his listing was once again halted.

"What, there's chaos in Europe?"

“Why is there such a mess? Wasn’t the financial crisis resolved?”

"Why are you here again?"

"This……"

"..."

On the phone, the assistant's voice was terrified and his voice was trembling.

Liu Yang's thoughts are extremely confused now...

After sitting for more than ten hours, he finally ran towards the Americans and heard a piece of news that made him despair.

[European financial crisis] broke out!

"This crisis seems to be a continuation of the financial crisis. It started in December 09, when the world's three major rating agencies downgraded Greece's sovereign rating, causing Greece to fall into a financial crisis. However, everyone chose to suppress it all, but no one expected that the real crisis would not be suppressed..."

"Pick the right one!"

"We have consulted professional economic experts to evaluate this, and they have come to the conclusion that the [European debt crisis] will directly affect the shrinking of the photovoltaic industry in the European and American markets..."

"What! At this stage, at this listing stage, you say that the photovoltaic market is shrinking?"

"Boss Liu, don't even think about going public. We have to survive!"

"..."

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

2011 years.

No one could have imagined...

The world experienced a mild recovery in the first half of the year, with gold prices, oil prices and inflation hitting new highs. Industries represented by China's photovoltaic industry experienced an unprecedented boom.

however……

The second half of the year starts in July!
[European debt crisis] broke out in full swing, and the global economy seemed to have suffered a severe blow overnight!

On August 8, Christine Lagarde, Managing Director of the International Monetary Fund, publicly warned: "Unless countries around the world can work together to deal with the European debt crisis, the world will be in danger of falling into a 1s-style recession!"

After Manuel Lagarde finished speaking, the European debt crisis gradually spread from heavily indebted countries to core eurozone countries such as Italy and France.

Greece has been on the verge of debt default several times this year. On August 8, the Eurozone held an emergency summit to provide Greece with a second round of aid in the form of a 5 billion euro loan.

However, the crisis intensified. After August, the government bond yields of Italy, Spain and other countries suddenly rose, even exceeding the "warning line" of 8%.

The market is worried that Spain, France and some Eastern European countries are at risk of a debt crisis next year...

Although this financial crisis broke out in Europe, Europe and the United States are one...

On the evening of August 8, the agency announced a downgrade of the long-term sovereign credit rating of the United States from AAA to AA+, with a negative outlook. Then on August 6, it warned that there was at least a 8/8 chance that the US rating would be downgraded again in 1-3 months. This was the first downgrade since the agency gave the US debt AAA rating in 6...

The next day, the global capital market fell across the board, and major stock indices in the Asia-Pacific region suffered a "Black Monday."

European and American stock markets suffered a heavy fall, with the US stock market falling the most since the 2008 subprime mortgage crisis. By the close of the day, the CAC 40 index in Paris, France, fell 4.68%, and the DAX index in Frankfurt, Germany, fell 5.02%. The three major US stock indexes plummeted even more, with the Dow Jones Industrial Average falling 634.76 points, a drop of 5.55%; the Nasdaq Composite Index falling 174.72 points, a drop of 6.90%; and the S&P 500 falling 79.92 points, a drop of 6.66%...

……

The intensifying European crisis has once again swept the world in just a few months...

Overnight, countries such as Germany and Italy reduced subsidies and grid-connected electricity prices for the photovoltaic industry, which caused the European photovoltaic market to fall into a sluggish trend...

The European market accounts for 70% of the global photovoltaic market, and its reduced demand has directly affected the performance of global photovoltaic manufacturers!
However, China accounts for about 70% of the world's industries and is directly the hardest hit area...

From the first half of 2010 to 2011, in order to grab market share and go public, Chinese companies once again expanded their production capacity in an unorderly and blind manner...

When 70% of the market was hit hard, not only the dream of going public was shattered overnight, but even the survival of the company became the most difficult thing.

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

"[Yanghe New Energy] seems to be unable to hold on. According to my latest news, capital is desperately withdrawing from the company... The company's market value was cut in half overnight. It's crazy!"

"[Guoli Photovoltaic] has been laying off employees crazily in the past few months at its factories in Europe and the United States. Countless overseas photovoltaic practitioners have returned to China one after another last month..." "According to estimates, this round of bankruptcies will cause tens of thousands of photovoltaic practitioners to lose their jobs, recreating the scene of the 2008 financial crisis..."

"..."

"Due to the financial crisis in Europe, the US did not launch an anti-dumping investigation against Chinese photovoltaic companies, led by Suzhou Deshang. This time, Suzhou Deshang's export business was cut in half. Factories in many parts of China were closed, which affected us, Shenglan Technology... But fortunately, Mr. Zhang, we reduced the polysilicon production capacity in advance and minimized the losses..."

"However, Mr. Zhang, you have calculated it correctly. This time, the alternative country for the photovoltaic anti-dumping investigation is really Thailand... a country that has no photovoltaic industry foundation at all!"

"..."

8 month 15 day.

Diao Guangdou walked into Zhang Yang's office with a complicated expression.

Although he was communicating with Zhang Yang, his eyes were filled with lingering fear.

Although there had been signs before, he never dreamed that this time the [European debt crisis] would break out so quickly and so rapidly.

In just a few months, the photovoltaic industry in Europe and the United States was almost uprooted.

"The profits of photovoltaic power generation are actually still from subsidies. If there are no subsidies and malicious suppression and investigations... the entire industry will actually have a hard time surviving."

After Zhang Yang silently glanced at the current status of the more than 30 industries in the China Photovoltaic Industry Alliance, he was not shocked, but just sighed.

Immediately afterwards...

He stood up and walked out of the house.

Outside, the sun was very hot. Even though it was already 7 o'clock in the evening, the sun was still shining brightly on the earth.

not far away……

Photovoltaic panels stand tall in the mountains, one after another, like a blue ocean, surrounding everything in sight.

This is the first photovoltaic power station he invested and built in XZ together with State Grid Jiangsu Integrated Energy Services Co., Ltd. and China Electric Power Investment Group.

His investment is not much, about 25%. The current investment is not small, billion yuan, and the subsequent investment will only be more...

It seems to be a losing deal at the moment, but this is the first batch of power station projects in China and the first one invested together with the country!

……

In the past year or so, after leaving the China Photovoltaic Industry Alliance team, Zhang Yang followed the relevant departments and survey teams, step by step towards the Northwest.

During this period, apart from communicating with a few insiders such as Diao Guangdou, Zhang Yang almost cut off all contact with the outside world. Even to the few calls from Sophie, Zhang Yang's response was very simple. Apart from what was announced in the market, he did not disclose anything.

"Mr. Zhang, this power station will be ready for commissioning in about a month."

"it is good."

"..."

Zhang Yang came to the power station and chatted with several professional masters. When he heard the exact date, Zhang Yang nodded.

After walking around for a while, he returned to the office again.

He looked down at the work schedule in his hand, and when he saw that each task on the schedule had been completed, he nodded with satisfaction.

It's almost done here!

He turned on the other cell phone which was turned off.

The moment you turn on your phone...

Then I heard the phone ringing.

He frowned.

When he saw it was Zhou Xinsheng from Suzhou Photovoltaic, he finally answered the call.

"boss Zhang!!"

"Mr. Zhou..."

"Mr. Zhang, your call finally got through. Where are you now? Can we talk? Can we talk in person?"

"Mr. Zhou, what's the matter? We can talk on the phone..."

"Mr. Zhang, there are some things on the phone... Mr. Zhou, you should know that there is a debt crisis in Europe, right?"

"know."

"Mr. Zhang... our [Suzhou Deschamps] is on the brink of life and death again. The bank has stopped lending us money and has even seized many of my assets. Mr. Zhang, I want... I want... can you lend me some money first so that we [Suzhou Deschamps] can get through this difficult time first?"

"..."

"Mr. Zhang, you know, we have more than tens of thousands of workers. We can't go bankrupt now. If we go bankrupt, Huaxia Photovoltaic will be finished... Tens of thousands of workers will be unemployed..."

Zhang Yang listened to the boss of Suzhou Deschamps talking a lot on the phone.

Zhang Yang's expression was calm, and he just shook his head: "Mr. Zhou, I told you last year that you have to leave yourself a way out. You were the first to call for the [Western Plan], but I will soon have my first photovoltaic power station, and your [Suzhou Deshang] investment here has not made any progress..."

"Mr. Zhang, I know...but..."

“Sorry, I’m not a philanthropist!”

"boss Zhang……"

"..."

(End of this chapter)