Cutting-edge technology: Starting with individual stealth equipment

Chapter 99 has become a hot commodity once again.

Colleagues and partners in the photovoltaic industry are all feeling like they are facing a formidable enemy.

Many people working in the photovoltaic industry are from the same industry. Some senior professionals have witnessed every iteration of technology in the industry, which was previously characterized by incremental improvements.

But DeepBlue Technology went straight for the kill, blasting through the ceiling.

It's like flipping over the old table and putting a new one on top.

The Shockley-Quiser limit has been broken, and the quantum yield has exceeded 100%. One high-energy photon can produce two excitons, which means it can produce three, four, or even five excitons.

This means that the photoelectric conversion efficiency can continuously approach 100%.

DeepBlue Technology achieved a conversion efficiency of 45% right from the start, representing a relative improvement of over 120% compared to its competitors, giving it a clear lead.

In fact, the experimental data from the Hongsong "Aurora Project" team has already achieved a conversion efficiency of 82%.

The data released now is almost half of what it used to be. If the actual efficiency figure of 82% were released, the industry would be even more desperate.

Actually, I feel quite hopeless right now.

Our competitors are now forced to adjust their R&D directions, and their original roadmaps have to be completely overturned.

Industry insiders know the rules of the game in the photovoltaic sector.

Things have changed from today.

The capital market was also in an uproar.

That evening, the chief analyst of new energy at CITIC Securities Research Institute released the first analysis report on DeepBlue Technology overnight.

The title is "The 'iPhone Moment' in the Photovoltaic Industry: Raising DeepBlue Technology's Target Market Value to 4500-6000 Billion Yuan."

The first paragraph of the report is as follows:

DeepBlue Technology has released its single-line fission solar cell technology, a completely new technology route that is independent of the traditional photophysics framework.

The significance of achieving a quantum yield of 200% and a conversion efficiency of 45% lies not only in the numerical breakthrough itself, but also in the fact that it proves that the physical limit of "one photon can generate multiple excitons," which was once written into textbooks, can be broken.

The ceiling for photovoltaic efficiency has been raised from 33% to a level that can theoretically approach 100%, representing the most significant technological leap in the photovoltaic industry in nearly half a century.

The analyst provided a detailed analysis from three dimensions in the report.

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From a technological perspective, he believes that DeepBlue Technology's core competitive advantage lies in two points.

Firstly, the material system has a complex synthesis route and is extremely difficult to purify. DeepBlue has built an insurmountable moat through its global patent portfolio.

Secondly, there's the technological route. Any newcomer wanting to enter this field must either pay DeepBlue a hefty patent licensing fee or spend years finding alternative technological routes.

In terms of market space, the analyst provided three sets of data.

First, there is the space for alternatives.

Global photovoltaic installations have surged year after year, with traditional crystalline silicon modules achieving an average conversion efficiency of just over 20%, while DeepBlue's technology reaches 35% to 45%.

In distributed photovoltaic scenarios, this means that the power generation is doubled even with limited roof area; in centralized power plant scenarios, this means that the power generation per unit area of ​​land is doubled.

Land costs, support frame costs, cable costs, and operation and maintenance costs have all been significantly reduced.

Second, new scenarios have been added.

The emergence of flexible modules has expanded the application scenarios of photovoltaics from centralized power plants to entirely new markets such as building-integrated photovoltaics.

He cited data from a third-party research institution, suggesting that the market size of these new scenarios is expected to exceed $1000 billion annually in the next five to ten years.

Thirdly, there is a cost advantage; 45% efficiency means that the cost per kilowatt-hour can be reduced by more than 70% from the current level.

Then, regarding the future profit forecast of DeepBlue Technology.

This analyst provided a quantitative forecast by combining DeepBlue Technology's announced Middle East business contracts, South Korea business contracts, and long-term procurement agreements with Henghui Group.

He believes that DeepBlue Technology's "plastic-eating bacteria" business will contribute a stable revenue of 50 billion to 80 billion yuan per year over the next three years.

The single-state fission solar cell business is expected to enter a period of rapid growth starting next year.

Conservative estimates suggest that by 2015, DeepBlue Technology's annual revenue is expected to exceed 420 billion yuan, with net profit exceeding 118 billion yuan.

Referring to the valuation levels of leading global photovoltaic companies during the industry's inflection point, despite the current downturn in the photovoltaic industry, this analyst gives DeepBlue Technology a valuation of 33-40 times its expected price-to-earnings ratio for 2015, corresponding to a market capitalization range of 3894 billion to 4720 billion.

Taking into account the uncertainties of the technology roadmap and the risks of industrialization progress, this analyst ultimately adopted the midpoint of the range, giving DeepBlue Technology a target market capitalization of 4500 billion yuan by 2015, corresponding to a target price of 71.10 yuan.

Compared to its current market capitalization of 1227 billion, there is an upside potential of over 266%.

The analyst gave it a "strong buy" rating, indicating a strong bullish outlook.

On the last page of the report, the analyst still wrote down the potential risks.

Singlet fission technology has not yet been verified through large-scale mass production, and its industrialization progress may be slower than expected; the global photovoltaic market is highly competitive, and price wars may erode the company's profitability; the risk of patent litigation cannot be ignored, as overseas competitors may launch patent challenges.

"Holy crap! Does this mean I'm finally going to have a big meal?!"

Shi Xiao, who went all in on DeepBlue Technology for the third time, had already uninstalled the stock trading software and hadn't been checking the stock's performance lately.

But today, he stumbled upon a news article about DeepBlue Technology online.

It was only then that they discovered the company had once again made headlines, causing a huge sensation in the tech industry and capital markets.

Then Shi Xiao took the initiative to find out that three securities firms had released analysis reports overnight, all of which gave a "strong buy" rating. The analyst from CITIC Securities even gave a target price of 71.10 yuan.

At this moment, Shi Xiao couldn't help but reinstall the stock trading software and log into his account to take a look.

He was surprised to find that his account had actually turned a profit. He bought in with half his capital that day and was hit by a limit-down move. In a fit of anger, he then went all in with the other half of his capital while the market was still at rock bottom.

Shi Xiao's account currently holds 35600 shares of DeepBlue Technology, with an average cost of 16.95 yuan.

The current stock price is 19.39 yuan. Shi Xiao has not only turned a profit, but now has a floating profit of +14.39%, earning 8.68 yuan.

"Luckily, I didn't check the stock chart after uninstalling the software, otherwise I might have been shaken out during the recent correction." Shi Xiao said to himself, looking at the stock performance of Deep Blue Technology over the past two weeks.

He also glanced at the comments section of DeepBlue Technology's stock forum, which was currently extremely popular.

[Hold on tight, we're taking off tomorrow!]

[I was wrong, Mr. Lin. I shouldn't have doubted your talent. I'll support whatever you do in the future. Can I join you tomorrow?]

[During the previous market crash, you were the one who criticized it the most fiercely, buddy.]

[Left: photovoltaics; Right: military industry; With plastic-eating bacteria in my heart, I'm invincible!]

[It's impossible to buy tomorrow; it's guaranteed to hit the daily limit for several consecutive days. We'll see how many consecutive limit-up days this wave can achieve.]

[Holy crap, I haven't paid attention for over a month, and it's back up again? What happened to ST Shenlan?]

[I was so angry I cried. I sold when the price fell below 20 on Friday; I had a large position.]

[I cut my losses around 8 yuan, and the more I looked at the price, the more my heart ached. I couldn't stop looking; it hurt so much.]

[If this stock experiences another sharp drop, like being halved in value, I will absolutely not hesitate to invest heavily, buying more as the price falls without hesitation.]

[Haha, I bet a lot of people think the same way you do, so this stock probably won't experience another crash like this in the future.]

Shi Xiao browsed the comments section of DeepBlue Technology's stock forum for a while, then happily closed the page.

Seeing many investors who had either sold at a loss or missed out on their gains slapping their thighs in frustration, and then thinking about how he himself was fully invested, Shi Xiao couldn't help but smile.

He opened DeepBlue Technology's candlestick chart again, glanced at the year's lowest price of 7.91 yuan, and couldn't help but mutter to himself, "If only I had bought at around 8 yuan back then, I would have been thrilled. It would be 1.4 times higher now!"

However, compared to those who missed out, sold too early, or suffered losses, I am still fully invested and quite satisfied.

Moreover, the purchase price was below 17 yuan, which is definitely at a relative bottom compared to the current expectations for DeepBlue Technology.

The capital market has now begun to revalue the company.

The previous logic was that the market viewed DeepBlue Technology as a company with a single business in the environmental protection sector.

Now, with the simultaneous involvement of three sectors—environmental protection, photovoltaic new energy, and military industry—the valuation of DeepBlue Technology is undoubtedly high.

The logic must be restructured.

Most importantly, they achieved outstanding results in all three tracks.

Although the information disclosed about the military industry business is extremely limited, and even the specific military products they produce are unknown, it is difficult to conduct a valuation.

However, judging from the proportion of revenue, this business segment is clearly performing exceptionally well.

The plastic-eating bacteria business in the environmental protection sector is actually not bad; it's just that the market has overreacted.

Even though new plastic-eating microorganisms have been discovered abroad, they are still only at the academic research level. In contrast, DeepBlue Technology has already implemented industrialization and commercialized them to generate revenue. This is a real first-mover advantage.

It simply breaks the expectation of a monopoly, but that doesn't mean DeepBlue Technology's phagocytic bacteria are not competitive.

In fact, others may not be able to compete with DeepBlue Technology.

Last year, they announced their foray into the photovoltaic new energy sector, which was definitely the most unexpected move.

It's important to understand that when the news was first announced, the entire market was pessimistic, believing that DeepBlue Technology's management was chaotic, making a mess of things and that the company would eventually collapse.

As a result, the entire market did not expect that DeepBlue Technology's cross-industry behavior would not only not ruin itself, but would also achieve great results in such a short period of time, directly breaking through the ceiling of the photovoltaic industry.

At this point, even those who were initially pessimistic and pessimistic about DeepBlue Technology had to express their feelings.

A tech company led by a young genius cannot be judged by common sense. You can't use conventional thinking to judge them, but they are extraordinary people who do extraordinary things. How can you use common sense to judge them?

Judging by common sense would lead to a wrong judgment.

In short, DeepBlue Technology has suddenly become a hot commodity in the eyes of investors, even more so than before.

The following Monday.

DeepBlue Technology unsurprisingly hit the daily limit up with low trading volume, continuing its upward trend for five consecutive trading days this week.

The company easily recorded five consecutive limit-up days, and its stock price surged to NT$31.23, essentially recovering its initial level from the beginning of the year before the stock price plummeted due to the impact of the "Daban Jiejun" incident.

The company's total market capitalization also rebounded to 1976.54 billion yuan.

On Monday, May 13th of the following week, DeepBlue Technology opened at 34.35 yuan and hit the daily limit again, achieving a six-day winning streak, all of which were limit-up days.

It's only NT$36.28 away from the all-time high. If it can rise by 5.62% tomorrow, it will set a new record.

However, just minutes after the stock opened, DeepBlue Technology's limit-up price was broken.

Because the funds trapped at the previous high have recovered their losses, there is a demand for them to exit the market and get out of their predicament. In addition, there is a demand for those who made profits at the bottom to cash out.

They may either liquidate or reduce their positions, resulting in a significant release of selling pressure.

Although prices may rise further, for those investors who were heavily invested at high prices and stuck with their positions, the priority now that they have broken even is to save their money.

After the initial surge, the stock price plummeted and turned negative, falling by more than 3 percentage points during the trading session, with trading volume also experiencing a significant spike.

The straight-line plunge gave the impression that the stock was about to crash, prompting many trapped investors to quickly sell at a small loss to avoid being trapped again.

Some investors believe that after reaching a new high today, DeepBlue Technology will have peaked and will enter a period of consolidation.

Some who missed out plan to wait for the price to stabilize after a pullback before re-entering the market.

However, DeepBlue Technology's stock price surged again after only half a day of adjustment and was completed during trading.

Three groups of speculative funds entered the market and fueled the rally. Around 14:27 PM, Deep Blue Technology successfully rebounded and hit the daily limit. Moreover, it did not fail to hold the limit until the close, forming a T-shaped pattern with a long shadow line. Today's trading volume also broke records, with a daily turnover of 35 billion yuan.

In the four trading days following this week, DeepBlue Technology did not have another limit-up opening, but it still closed at the limit-up price each time.

In just two weeks and a single trading day, it achieved an exceptionally high-profile run of 10 consecutive limit-up days.

And in the following two days, on Tuesday, May 21st, it reached a new all-time high of 55.77 yuan during trading, ultimately closing at 52.72 yuan.

At the current price level, this main upward trend has just entered the adjustment phase.

DeepBlue Technology's total market value has also exceeded 300 billion yuan, reaching 3336.65 billion yuan.

"Amazing! Amazing!"

Shi Xiao was overjoyed. Seeing the latest price of DeepBlue Technology, his account loss return rate had surged by 211% in just half a month, and the market value of his holdings had soared to 187.68 million yuan, while he had spent as much as 127.68 million yuan on car rentals.

"I've finally turned the tables! I knew it! No kid cries all the time, hahaha!"

At this moment, Shi Xiao was extremely excited.

During the closing auction today, he cashed out about 60 yuan, which means he recovered all his investment costs.

As a result, the cost of holding the shares plummeted to 0.14 yuan per share. He decided to hold the remaining 24000 shares long-term, as they were all profits and even if he lost them all, he would not lose the cost.

Moreover, this is practically impossible.

After recovering all investment costs, Shi Xiao had unprecedented confidence in holding shares.

Even if DeepBlue Technology's stock price fluctuates wildly in the future, or even plummets by more than 90%, it will only be a profit pullback for him.

From that moment on, Shi Xiao became a steadfast and loyal value investor in DeepBlue Technology.

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