Chapter 4 Investor's Philosophy

According to Mr. Schrocker, the representative of Steinbach, Mr. Steinbach Jr.'s schedule was not free until next month, and although Schrocker's tone on the phone was humble and polite, it made Zhang Xiaobin, who answered the phone, blush.

Zhang Xiaobin put down the phone, and didn't dare to face the expectant crowd: "This, this...... Mr. Steinbach's schedule seems to be a little tight. ”

"Mr. Lin's trip to Europe is mainly to meet Steinbach now," Yuan Xin said reproachfully, "the execution of the European branch is ......"

"Heh," Lin Quan didn't let Yuan Xin say anything unpleasant, "Liantou is not famous, but the production capacity of United New Energy will reach 20MW by the end of this year, I think Steinbach must be really busy if he is not a arrogant person." Whether the "New Energy Act" can be passed is related to the development of the new energy industry in the world in the past few years, if the Germans are just blindly pessimistic, I may give up this plan," Lin Quan exhaled lightly, "In this way, the German counterparts have not given up, and the water below is not calm." ”

Zhang Ya nodded: "What does Mr. Lin want us to do next?" ”

Lin Quan didn't answer Zhang Ya's question immediately, he closed his eyes, his locked brows didn't open for a long time, it seemed that the next step was really a difficult choice to make a decision. When Lin Quan opened his eyes, he revealed a slightly excited look, turned his head sideways, and said to Fang Nan: "Arrange a video discussion, I want to consult Teacher Yan for their opinions." ”

"At this time......" Fang Nan asked hesitantly, now it is eleven o'clock at noon in the UK, and three o'clock in the morning in China, "Do you wait until the evening?" ”

"Just check the gang," Lin Quan said with a smile, "Didn't Deming go on a business trip to Xinbo?" See if he lives in a hotel or Li Li's dormitory? Still, Ye Jingqiang and Zhang Biyun have very hard mouths, and this time they will definitely get ironclad evidence that they are messing with the relationship between men and women. ”

"Phew!" Fang Nan took a sip, "The dog's mouth can't spit out good teeth, if it's really so urgent, then I'll notify the country?" ”

Li Li is not qualified to participate in a meeting of this level, but the image coming from Deming's camera is definitely not a scene in the hotel, Lin Quan covered his mouth and snickered for a while, but Zhang Biyun and Ye Jing squeezed under a camera with a strong and generous expression, and their expressions were so calm that Lin Quan couldn't laugh at them.

When Yan Lihuang's video was connected, Lin Quan straightened his expression and threw out a question that surprised everyone: "Next year, how likely is the expansion of United New Energy's production capacity to 100 megawatts?" ”

Gu Liangyu is in Xinghu Industrial, as the president of the group, but he is directly involved in the affairs of Liantou and United New Energy, Lin Quan's question is difficult to answer for a while, so that everyone else is silent all of a sudden, he said: "United Solar Power, the original total design capacity is only 10 megawatts, last year reached 4 megawatts, this year with 20 megawatts of production capacity as the expansion target, is already the limit of the use of resources by all parties, next year and then suddenly five times, the difficulty can be imagined." ”

"This year's capacity increase target is not 20 megawatts, I hope to revise it to 30 megawatts." It was difficult for Lin Quan to discern the demeanor of the first person from the screen, which is why he did not like to hold video conferences.

"This requirement exceeds the manufacturing capacity of the electromechanical equipment company, and the full production capacity of the electromechanical equipment company can only ensure the 20 megawatt capacity increase target by the end of this year." After careful consideration, Yan Lihuang calmly rejected Lin Quan's proposal, "30 megawatts is an impossible task, let alone the target of 100 megawatts next year." ”

"Oh, that's it," Lin Quan frowned, his fingers knocked on the table, knocking softly, and said, "The photoelectric conversion efficiency of photovoltaic cells from this production line is 16%, I don't want it to be so high, 14% is OK, or even lower......"

The first experimental machine produced by the electromechanical equipment company last year, the photoelectric conversion efficiency reached 14%, and after a year of technology research and development and transformation, it was increased to 16%, although there is still a certain gap with the world, but it is far ahead of the country.

Yan Lihuang said: "The main market for solar cells is in the industrial countries of Europe and the United States, and how to squeeze into this market by jointly reducing the technical requirements?" ”

Lin Quan said: "Whether the new energy bill can be introduced in Germany this year, the situation may not be optimistic, so I only ask the country to increase the production capacity to 100 megawatts next year to provide a detailed plan, and make preliminary preparations, as for this year's new line, the technical requirements are reduced by two levels, even if these products can not be squeezed into the European and American markets, they can also be digested through sporadic markets in other regions, but they can also be transformed next year." However, once the new energy bill is successfully introduced in Germany, the size of the solar market will likely double next year, and it is also a last resort to seize the market and reduce the technical requirements. ”

If the requirements for equipment are lowered by two notches, it will barely reach 30 megawatts of production capacity this year, and the output value will exceed 100 million US dollars.

Yan Lihuang, Dai Ming, Xu Hongfa and others, in the business vision is still being cultivated, although a little worried, but also aware of the excellent opportunity is in front of them, do not take a little risk, will miss the best opportunity. Even if the production capacity is increased to 30 megawatts at once, the international market can also digest it, after all, the photoelectric conversion efficiency of 14% still has a certain competitiveness, and then technical transformation can be carried out to improve the accuracy of the equipment.

Lin Quan was unaccustomed to staring at the screen and said, "Whether Xinbo Silicon Industry can be put into production next year is still uncertain, right?" ”

Zhang Biyun and Ye Jingqiang put their heads next to each other and said, "It will be delayed until the middle of next year at the earliest." ”

Lin Quan nodded and said: "After Xinbo Silicon Industry is put into operation, the production capacity will not be raised all at once, but you send me two news in China, one of which is that the project process of Xinbo Silicon Industry is quite smooth, and a small test can be carried out before the year, and the final production capacity will exceed 50% of the design capacity; Second, Xinbo Silicon Industry is discussing the transfer of high-purity silicon purification technology with relevant enterprises, and has made a breakthrough in the second high-purity silicon enterprise with higher design capacity in China......"

"Ah," Zhang Biyun in the video opened her eyes wide, almost touching her red lips to the head of the video to show her inner surprise, "There is nothing at all, Mr. Lin is asking me to spread fake news?" ”

"That's fake, doesn't it mean it's possible?" Lin Quan waved his hand at Zhang Biyun, making her restrain her pretended surprised expression, this is not the first time this kind of thing has been done, "I plan to buy out the draft sales contract for raw silicon that MSNM will sell to the Asia-Pacific region in the future, so I ask you to cooperate." ”

"Ahh Zhang Biyun not only did not hide her surprised expression, but her mouth opened, "Didn't Mr. Lin just decide to buy out MSNM's contract with China earlier?" ”

The Asia-Pacific region consumes 30% of the world's photovoltaic-grade crystalline silicon raw materials, half of which is supplied by MSNM companies, while China accounts for only one-tenth of it. Lin Quan's mind changed, and the scale of investment increased tenfold. Lin Quan flicked his fingers, knowing that throwing out this resolution would definitely surprise everyone, he didn't explain immediately, but wanted to listen to other people's opinions first.

Almost at the same time, everyone fell silent, and it was one thing to be surprised, but it was still necessary to consider the economic issues behind the decision, which was not a simple arithmetic problem. Deming turned his head to take a look, and after a while, a white arm with a pen and paper appeared in the video.

Everyone didn't care to laugh at Deming and Li Li, but Yuan Xin, who was sitting next to Lin Quan, couldn't help it: "Even if the production capacity of United New Energy can barely reach 100 megawatts next year, but United New Energy alone will not be able to digest so much photovoltaic-grade crystalline silicon within five years, and the entire domestic new energy industry will not be able to digest it. Although Yuan Xin was sitting next to Lin Quan, his voice and questioning expression were still transmitted to everyone in the meeting through video.

"I'm not going to be so arrogant that I am." Lin Quan shook his head, "As for the market of Yuben, it is not something I can control, not to mention that I have no intention of doing so." Lin Quan saw that everyone was a little confused, and said with a smile, "Think about it from another angle, if I decide to do it my own way, how much loss will Liantou bear for this?" ”

"Mr. Lin, what you said about going your own way also includes the aforementioned increase of United New Energy's production capacity to 100 megawatts next year?" Yan Lihuang asked.

Lin Quan nodded affirmatively.

Among the people, only Zhang Ting is an actuary, as a professional habit, when Lin Quan threw out these unexpected proposals, she began to calculate the possible losses, and the time was in a hurry, and she could only give an estimate: "The production capacity has expanded dramatically, and these production capacity cannot be fully utilized, and United New Energy will bear a loss of 120 million yuan per year, and this trend will not be reversed until 08 years." As for the buyout of MSNM's raw material silicon supply in the Asia-Pacific region, it depends on the results of the negotiations, if judged based on the objective value of the market, Liantou will bear the loss from the shrinking market on behalf of MSNM, MSNM's market share in the capital in recent years has been less than one-third of the original, of course, due to the high cost of raw material silicon, it is also uncompetitive in foreign markets, and Xinbo silicon industry is controlled by Liantou, Liantou is not worried that the Asia-Pacific market in addition to the capital will suffer too much loss. ”

"How much might Liantou lose as a result?"

"About 170 million per year," Li Ting said, "Of course, Liantou can reduce losses through negotiations, but did Mr. Lin consider that this will be an order contract involving more than a billion US dollars?" ”

"Less than 300 million," Lin Quan said in an affirmative tone, "Liantou can bear such a loss." With the continued development of the new energy industry, I think the loss in the next year will be much less, maybe not 100 million, maybe it will be able to reach breakeven in 07 years, but have you ever considered a little bit, what will happen if the "New Energy Act" successfully passes the review of the German Senate? ”

Zhang Ya remembered what Lin Quan said: "Business operators need to consider the problem from the perspective of sustainable development and sustainable operation of the enterprise, of course, as a speculator, they only need to consider the degree of risk, possible surname and risk return." ”

"Half a year will allow Liantou to take the lead!" Lin Quan said categorically, "This risk, Liantou must take it!" ”

(To be continued)