Cutting-edge technology: Starting with individual stealth equipment

Chapter 101 Competitors and peers flock to visit

That afternoon, Lin Chuan arrived at the demonstration site.

Wenbin led him to the front of the array and pointed to the dark brown flexible films: "Boss, this one is ours, 120 kilowatts. The one opposite is crystalline silicon, also nominally 120 kilowatts."

He then added, "But in terms of actual power generation, we are more than double."

Lin Chuan squatted down and touched the surface of the component with his hand.

The film was slightly warm, but not very hot to the touch.

In sunlight, its color changes from dark brown to almost black.

Lin Chuan immediately asked, "What's the temperature?"

Wenbin glanced at the infrared thermometer: "45 degrees, the crystalline silicon on the other side is 58 degrees."

Lin Chuan stood up and dusted off his hands.

"Keep running. By July, we can invite outsiders to visit and conduct research, especially potential clients."

If this project progresses smoothly, it is expected to generate revenue and secure contracts in the second half of this year.

Unlike biotechnology such as "plastic-eating bacteria," which requires a strict approval and evaluation process, routine production and sales in the photovoltaic field do not require prior administrative approval, as long as the technology and products are put into mass production and comply with industry regulations.

Once the regulatory requirements are met, production and sales can be carried out in compliance with regulations and without the need for approval before production can begin.

In short, as long as your technical solution can convince potential customers to open their wallets, then you can cooperate and sign a contract.

As time went on, it entered the latter half of June.

Lin Chuan, who has never paid attention to the capital market, has been specifically tracking the trend of the A-share market recently.

Su Qingyue pledged 8% of her personal shares in DeepBlue Technology as collateral to guard against potential funds in the capital market taking the opportunity to suppress DeepBlue Technology's stock price and prevent Su Qingyue's pledged position from falling below the forced liquidation line.

If the price is accidentally driven down to 31.5 yuan and forced to liquidate, losing 8% of your chips at such a cheap price would be a huge loss.

As expected, the A-share market trend was similar to that of the same period in the previous life. After entering the middle and late June, the Shanghai Composite Index began to decline unilaterally, especially in the middle and late part of the month, when it accelerated its downward plunge.

On Monday, June 24, the Shanghai Composite Index plummeted by 5.30% intraday, effectively breaking through the important psychological level of 2000 points, and closing at 1963.23 points.

DeepBlue Technology's stock performance was also dragged down by the overall market, closing at the daily limit down today, with the stock price falling to 37.82 yuan.

The following day, Tuesday, June 25th, around 1 PM.

Lin Chuan was watching the A-share market trends in his office, where the market was currently experiencing a sharp drop.

The Shanghai Composite Index plunged again, falling by more than 5.78%, reaching a low of 1849.65 points before finally stopping. Lin Chuan knew that, barring any unforeseen circumstances, this was the historical bottom.

Around the same time, DeepBlue Technology also plummeted again, hitting a low of 34.16 yuan during the day, with a maximum intraday drop of 9.67%, close to the daily limit down. The company's market value once shrank to 2161.98 billion yuan.

Since the price adjustment from the high of 55.77 yuan, the cumulative drop to today's low has reached -38.74%.

If it hits the daily limit down again today, and then drops another 7.46% tomorrow, it will break through the forced liquidation line of 31.5 yuan.

Lin Chuan's strategy is simple: see if the market can rebound sharply in the final minutes of trading today to recover. If it can recover, then there's no problem.

If the stock is locked at its daily limit down today, he will promptly issue a major announcement after the market closes, including a buyback by the founder and the company itself. If that doesn't work, he will further release positive news about the "Aurora Project".

At previous press conferences, the project's breakthroughs were announced piecemeal, without revealing the biggest breakthroughs all at once.

At this moment, Lin Chuan watched as his company was headed for a series of consecutive limit-down days, but he remained calm.

With memories from his previous life to draw upon, he knew that the stock should rebound in the afternoon. The recent sell-off in Deep Blue Technology was purely due to the market dragging it down, and with such a large drop, there was a high probability that some funds were taking the opportunity to buy on the dip.

As expected, as time went on, the market index began an epic V-shaped rebound in the afternoon.

DeepBlue Technology also rebounded strongly, and its performance was even faster than the broader market index. Around 14:25 PM, the stock price turned positive and rose.

At the close of trading, the company's stock price rose 1.85% to 38.52 yuan, and its market capitalization rebounded to 2437.93 billion yuan.

After his company's stock price rebounded, Lin Chuan closed the stock trading software and stopped paying attention to it before the market closed.

He knew the market had stabilized on its own and didn't need him to issue any buyback announcements to boost confidence.

As expected, the price of 34.16 yuan is also the historical low for DeepBlue Technology, and it is unlikely that it will fall below this price in the future.

Because in the next two years, the A-share market is about to enter an epic bull market, and DeepBlue Technology will inevitably enjoy the valuation premium of the bull market.

Recently, next month, outsiders will be invited to visit the pilot demonstration of the "Aurora Project".

At the press conference, Lin Chuan stated that the photoelectric conversion efficiency for mass production and application was 35%, while the actual data from the demonstration site was 42%.

This is clearly beyond external expectations and will likely stimulate another surge in the company's stock price.

As long as the stock price rises, Su Qingyue's 8% equity pledge position will be further and further away from the liquidation line, and thus become safer.

In the following days, DeepBlue Technology's stock price rebounded continuously, and then fluctuated within a range around the 40 yuan price level.

It's early February.

Several major manufacturers in the photovoltaic industry have successively received invitations from DeepBlue Technology.

Companies such as Three Gorges Energy, LONGi Green Energy Technology, Chint Electric, China Power Construction Corporation, and Trina Solar are basically downstream companies in the industrial chain, with core businesses in system integration, power plant construction and operation.

LONGi Green Energy Technology Co., Ltd. has a presence in the upstream, midstream and downstream of the industry chain, and follows an integrated layout strategy.

In addition, some peers who are direct competitors of DeepBlue Technology were also invited under the guise of "learning and exchanging ideas".

They all accepted the invitation without exception, having long wanted to come and explore DeepBlue Technology.

Lin Chuan asked Shen Yuxin to make the arrangements, and the date was set for July 20th.

Around 9 a.m. that day.

The invited parties arrived one after another at the pilot demonstration area near the construction site of DeepBlue Technology's new headquarters.

The demonstration site was temporarily cleared to create a parking lot, where several simple sunshades were erected, and twenty folding chairs and several cases of mineral water were placed.

The people from Three Gorges Energy arrived first. The person in charge was wearing a dark gray short-sleeved shirt and a sun hat. He got out of the car and walked directly towards the array in the demonstration area.

He stood in front of the two photovoltaic arrays, staring at the dark brown flexible films and the row of blue glass panels next to them, his gaze moving back and forth between the two.

To the naked eye, there is not much difference.

Soon after, the other invitees arrived one after another, and the group looked left and right between the two rows of people.

The team leader from Jingsheng Mechanical & Electrical touched the surface of the module with his hand. The thin film was very hot, but not nearly as hot as the crystalline silicon module in the control group.

He dusted off his hands, said nothing, but his brows were furrowed tightly.

A deputy general manager from the Power Construction Group, Zhao Jiyang, arrived a little late with a team of three. He went straight to the control room as soon as he got out of the car.

Wenbin was adjusting data inside when he was startled to see a group of people rushing in.

Zhao Jiyang skipped the pleasantries and went straight to the point: "Can we see the actual data?"

Upon hearing this, Wenbin pointed to the screen: "Of course, it's all real-time data, from May 20th until now, without a single day off."

Zhao Jiyang moved closer to the screen, his eyes shifting from one curve to another.

The blue curve represents the daily power generation of the single-state fission module, while the red curve represents that of traditional crystalline silicon.

The two curves start from the same point, then the blue curve rushes out, while the red curve slowly climbs behind.

The difference in cumulative power generation is even more significant, with single-linear fission modules generating nearly twice as much electricity as traditional crystalline silicon.

Zhao Jiyang was filled with shock after seeing these data.

As a downstream enterprise in the industry chain, Power Construction Corporation of China is a leading EPC contractor for centralized photovoltaic power plants and has participated in multiple large-scale photovoltaic base projects.

Seeing the numerical difference between the two, he was convinced that downstream photovoltaic power plant operators had no reason not to choose DeepBlue Technology's technical solutions.

He straightened up, turned to Wenbin, and said, "Could we copy a copy of the data to take back and study?"

Wenbin immediately replied, "No problem."

The person in charge of the visit from LONGi Green Energy Technology Co., Ltd. was a middle-aged man in his early forties, whose business card read "Director of Strategic Development Department".

He didn't say a word from beginning to end; he just stood in front of the formation and took more than twenty photos with his phone.

From the appearance of the components to the details of the junction box, from the structure of the bracket to the model of the inverter, nothing is overlooked.

The person sent by Jinko Solar was a technical vice president who spoke slowly and deliberately.

After touring the demonstration modules, he asked Chen Zhiyi of DeepBlue Technology a few questions: "Have you measured the module's degradation rate? How is its anti-PID performance? What is the startup voltage under low-temperature conditions?"

Chen Zhiyi answered.

After listening, Vice President Wang remained silent for a few seconds, said "thank you" and then didn't say anything more, but he looked somewhat dejected.

Those competitors who came to visit and directly competed with DeepBlue Technology's project felt utterly defeated after seeing the objective data of the control group in the demonstration area.

As industry insiders, they knew very well that their company's products simply couldn't compete with them.

The data from the control group showed that the difference between the two was far too great.

But people's joys and sorrows are not shared. Downstream companies in the photovoltaic industry, such as Power Construction Corporation of China and China Three Gorges Energy, are all greatly encouraged at this moment, and are even starting to think about placing purchase orders with DeepBlue Technology.

Because DeepBlue Technology's technical solutions are beneficial to downstream manufacturers.

With the same set of components and the same area, DeepBlue Technology's single-linear fission components generate more than twice the power, which, roughly speaking, is equivalent to doubling the profit.

Most importantly, at the press conference that day, when Lin Chuan answered reporters' questions...

He explicitly stated that the cost of this technological solution is about 5% to 8% lower than that of traditional crystalline silicon cells, and with the support of economies of scale, it is expected to be further reduced to about 10% to 15%.

Clearly, for downstream manufacturers operating photovoltaic power plants, this means reduced input and doubled output.

Whether or not to choose DeepBlue Technology's solution is almost a matter of personal choice.

Around 10 a.m., Lin Chuan also arrived at the pilot demonstration area.

At this moment, he and a group of visitors gathered under the sunshade, in front of a temporary whiteboard.

Sitting in front of Lin Chuan were dozens of people, all of whom were sent by manufacturers from the upstream, midstream and downstream of major photovoltaic companies, as well as some people from investment institutions who came to conduct research.

"Everyone has already seen the data from the control group, so I'll get straight to the conclusion."

-

Lin Chuan glanced around at the people present, paused, and then continued methodically: "From May 20th to now, nearly two months of operating data. The cumulative power generation of the single-linear fission module is 122% higher than that of the traditional crystalline silicon module, with an actual photoelectric conversion efficiency of about 42%."

At this point, Lin Chuan smiled and said, "This far exceeds our internal expectations. During the previous press conference, I estimated that the actual application efficiency after mass production would be around 35%. Now it seems that was a conservative estimate. The demonstration data tells us that the performance of this technology in actual application is better than all of our expectations."

Chen Zhiyi, sitting under the sunshade, watched her boss talking nonsense with a straight face and couldn't help but think to herself, "The efficiency in the lab has already exceeded 82%, yet he's saying it's beyond expectations without batting an eye."

At that moment, a stir broke out among the industry peers and competitors present. Some were whispering among themselves, some were scribbling notes rapidly in their notebooks, and some glanced up at the graph in the distance before looking down again.

Zhao Jiyang from the Power Construction Corporation immediately inquired, "President Lin, how long can this 42% photoelectric conversion efficiency be maintained in actual application? Have you measured the degradation curve?"

Upon hearing this, Lin Chuan glanced at Chen Zhiyi, who then walked to the whiteboard and drew a decay curve.

"We conducted accelerated aging tests, simulating 25 years of outdoor use. The degradation was controlled to within 2% in the first year, and then 0.5% per year thereafter. After 25 years, the efficiency can still be maintained at over 35%."

These words were a heavy blow to competitors.

Downstream manufacturers, on the other hand, were filled with excitement, creating a stark contrast in their emotions.

Zhao Jiyang nodded and did not ask any further questions, clearly very satisfied with the result.

At this point, the person in charge of Three Gorges Energy continued, "What about the mass production schedule? When will your company be able to supply the market?"

Lin Chuan smiled and said, "If Deep Blue Technology were to supply the goods, it would be at least two years from now. After all, we haven't even finished building the production line yet, so it's impossible to be that fast."

As he spoke, he casually pointed outside.

The direction it pointed to was clearly the location of DeepBlue Technology's new headquarters, which was still under construction.

The research and development building, production base, and factory there have only just been completed.

After a while, Lin Chuan changed the subject: "However, there is a solution that might accelerate the production capacity rollout, which is also a cooperation model that I would like to advocate in the industry."

>