Reborn in 2012, building a new energy empire

My phone vibrated in my pocket.

Jiang Haoran glanced at the caller ID: Zhou Mingyu.

He checked the time; it was time to send out the monthly report again. He pressed the answer button and walked back to his relatively quiet office cubicle.

"Good morning, Young Master Zhou."

"Good morning, Mr. Jiang." Zhou Mingyu's voice came through the receiver, carrying a restrained but still discernible satisfaction.

"I just finished reading your monthly report. The net asset value is already close to 7, well done." He paused, "I especially noticed your recent positioning and operations in infrastructure stocks. The timing was really accurate, and the performance was excellent."

"We're just going with the flow, taking advantage of the window of opportunity provided by the policy," Jiang Haoran said calmly, revealing no emotion.

"Go with the flow?" Zhou Mingyu chuckled on the other end of the phone, his laughter containing both appreciation and a hint of amusement.

"Two months ago, the market was pessimistic about the infrastructure sector, and the discussion was all about the risks, such as the possibility of cash flow disruption. At that time, there weren't many people in the entire market who could take out 50 million yuan of real money and patiently 'follow the trend' to make a move and wait."

Jiang Haoran didn't respond, which was taken as tacit agreement.

Zhou Mingyu continued, "A few of my old friends, the ones I had dinner with last time, are getting a little restless after seeing your performance."

"When they called me, they all said the same thing: if Jiutian Investment launches a second phase of its product, they will definitely support it, and the more the better."

"Mr. Zhou, you flatter me." Jiang Haoran turned around, his gaze sweeping over the young and focused figures in the trading room. "We simply have some understanding and judgment on policy guidance and industry cycle rotation. There will always be opportunities in the market; the key is whether you can anticipate changes a step ahead."

"No need to be modest. In this market, results speak for themselves. A strong net asset value curve is more effective than any fancy strategy explanation." Zhou Mingyu's tone became slightly more serious. "However, Brother Jiang, let's talk behind closed doors. How sustainable do you think this infrastructure rally will be? How far can it go?"

Jiang Haoran pondered for a moment.

This is a crucial question, and it shows that Zhou Mingyu is not just a purely financial investor who only looks at short-term gains; he is also trying to understand Jiang Haoran's trading logic.

"The policy intentions are clear, and funds are starting to pay attention. We are experiencing the first wave of valuation repair driven by sentiment." He carefully chose his words.

"How high and how far the market can go ultimately depends on the speed at which specific projects are implemented, the availability of funds, and, more importantly, whether listed companies can truly deliver on their performance expectations."

"Currently, we are still in the 'expectation-driven' phase. In this phase, it is impossible to accurately determine the peak; we can only observe as we go and make dynamic adjustments based on market signals."

He didn't say everything, but his meaning was clear: be optimistic, but remain vigilant; participate, but don't blindly chase high prices.

Zhou Mingyu was a smart man and immediately understood the unspoken meaning: "Understood. You guys proceed at your own pace, I won't bother you any longer."

The call ended. Jiang Haoran put away his phone and looked back at the home screen.

On the limit-up board of Qinglong Pipe Industry, the buy orders have exceeded an astonishing 140,000 lots.

The buy orders were surging, and the 30% of the sell orders he requested were instantly and swiftly devoured by the market's greed. Almost every transaction was completed the moment the order was placed.

The stock price remained firmly stuck at the daily limit, unmoved, as if an invisible yet powerful force was supporting it from below.

This is the magic of the market: once a consensus is formed, the influx of funds will reinforce this consensus, forming a positive cycle that drives prices up as if defying gravity.

The balance will not be broken until an external variable changes or internal profits accumulate to a certain level.

What he needs to do now is to quietly withdraw a portion of his funds during the most frenzied and liquid period of the market, before the balance is broken.

"President Jiang, 30% of the Qinglong Pipe Industry position has been fully traded at the daily limit price," came Xiao Chen's voice.

"Very good. What about the reduction of holdings in other targets?"

"Anhui Construction has sold off 20% of its holdings, with the average transaction price rising 9.2% from yesterday's closing price. Guangdong Hydropower has completed 90% of its share reduction, and the last few transactions are currently being completed."

Jiang Haoran accessed the account overview of Jiutian Investment's Phase I product.

With this round of orderly share reduction, more than 12 million in cash was recovered. The product's net asset value, which was already very high, has once again steadily climbed to a new level, breaking through 7.0.

This means that, starting from the product's official launch, in less than five months, a return of more than seven times was achieved under strict control of drawdowns.

This figure is dazzling in any market or at any time, and it is enough to attract the attention of any demanding investor.

But there was little joy on his face. The fluctuating numbers in the capital market bring an immediate, quantifiable sense of accomplishment.

But he knew that the real test was on another battlefield—the battlefield of the real economy, especially the photovoltaic industry, which was currently experiencing severe hardship and where every step was incredibly difficult.

Jiang Haoran turned on his computer and opened another window, which was the latest weekly report email sent by Wang Qiming of Kylin Technology.

The attached document contains test data tables for the seventh batch of diamond wire samples from the laboratory. Tensile strength, cutting loss rate, wire diameter uniformity, coating adhesion... Behind each line of cold data lies countless sleepless nights on the lab bench, and hundreds and thousands of failed formula adjustments and process attempts.

The email body was very short, containing only two sentences: "The cutting loss rate of the latest batch of samples has decreased by about 15% compared to the previous batch, but it still has not reached the theoretically expected level. Based on the electron microscopy analysis results, Professor Sun's team has adjusted the core coating formula and will conduct trial production of a new batch next week."

Jiang Haoran moved the mouse and typed three words in the reply box: "Keep trying." Then he pressed the send button.

After closing the email window, he casually opened an industry information briefing.

Jiang Haoran also keenly noticed a few seemingly insignificant pieces of information that might hold clues to the future: a local government in a southern province had quietly introduced detailed rules for additional subsidies for industrial and commercial distributed photovoltaic projects.

State Grid has begun piloting a simplified grid connection approval process for small photovoltaic power plants in a few selected regions.

Two other large state-owned energy enterprises, according to industry insiders, are quietly conducting internal research on the investment feasibility and technical routes for photovoltaic power plants...

The seeds are quietly and tenaciously sprouting under the thick layer of ice.