Cutting-edge technology: Starting with individual stealth equipment

Chapter 98 Aurora Project Technology Achievements Release Conference

Jinsheng Capital Headquarters.

At this moment, Han Jin is looking at the first-quarter earnings forecast report of DeepBlue Technology, which his assistant handed him.

"Deep Blue Technology actually has a military business?" Han Jin was taken aback. What surprised him even more was that the revenue share in the first quarter report actually reached more than 65%.

In reality, it accounts for 80%. The reason why the financial report does not provide specific and accurate data on military business revenue is to declassify and desensitize the data, which is also compliant and legal.

Finally, Han Jin put down the materials and nodded to himself: "It seems that even without the plasminoid bacteria business, Deep Blue Technology is no ordinary company. This Lin Chuan is indeed not simple."

As a private enterprise, DeepBlue Technology is able to master military technology and has even secured such a large military order.

This demonstrates the company's high level of technology and, more importantly, the founder's extraordinary abilities. Lin Chuan is also so young, which means he has greater potential.

Han Jin wondered if DeepBlue Technology could achieve success by crossing over into the photovoltaic new energy sector.

Although this company has recently experienced a rollercoaster ride, its growth potential is definitely worth looking forward to.

The other six investors reviewed DeepBlue Technology's first-quarter earnings forecast and their reactions were basically the same as Han Jin's.

Stimulated by first-quarter earnings reports, the A-share market opened at 13 p.m.

DeepBlue Technology's stock price rose straight up without any pullback on the intraday chart, quickly reaching the daily limit of 16.96 yuan.

The most unexpected thing about the first quarter earnings forecast was that DeepBlue Technology actually has a military business.

Not only has it already generated revenue, but its military business even ranked first in revenue share in the first quarter report. This was something that the entire capital market did not expect, nor could it have expected, before DeepBlue Technology disclosed the information.

Clearly, from this moment on, investors in the market realized that DeepBlue Technology could no longer be simply regarded as an environmental protection company.

The original valuation logic now needs to be reassessed, and the expected value needs to be revised upwards.

The following day, DeepBlue Technology hit the daily limit again, successfully advancing to a two-day winning streak, closing at 18.66 yuan, breaking through the recent high of 18.64 yuan after being hit by a sharp drop.

On the third trading day, it achieved a three-day winning streak. Although it failed to achieve a four-day winning streak on the fourth trading day, it still hit the daily limit during the day, with the stock price reaching a high of 22.58 yuan, and the company's market value rose to 1429 billion yuan.

Since its price bottomed out at 7.91 yuan, DeepBlue Technology has achieved a maximum range increase of +185.46% in less than a month.

Some investors who bought near the bottom made a fortune during this market rally and are now saying they bought too little!

But where there is joy, there is bound to be sorrow.

Those investors who sold at a loss at the bottom were furious and heartbroken to see DeepBlue Technology stage such a strong reversal.

Those who missed out watched it skyrocket, doubling in price. Even those who initially didn't believe in a reversal now have to admit that it has indeed reversed.

It's almost doubled in value, and the second major upward wave has already begun. If you still think it's not a reversal, you're just fooling yourself.

But the current price seems too high, and I'm afraid that if I buy it, I'll be trapped, so I still can't bring myself to buy.

In the days that followed, DeepBlue Technology's stock price entered a period of adjustment.

The second major upward wave ended with four consecutive limit-up days, after all, the cumulative increase since the bottom had been close to two times.

A considerable amount of profit has been accumulated, and the higher the price goes, the more selling pressure from those who are trapped in losing positions is added.

It's unlikely to surge unilaterally unless there's a stronger, unexpectedly positive stimulus.

December has arrived, and DeepBlue Technology...

Shen Yuxin pushed open the door to Lin Chuan's office, holding a thick document in her hand.

"Senior, the patent layout for the Aurora project is complete, with 237 patent applications covering key target markets."

Lin Chuan took the document and casually flipped through a few pages.

The core material formula and key process parameters have not been patented; the 237 patents currently registered are all peripheral technologies.

After a moment, Lin Chuan put down the documents, looked at Shen Yuxin, and instructed, "Prepare for a press conference. Set it for the weekend of May 5th."

Shen Yuxin nodded: "Mm."

Friday, May 3rd, around 5 PM.

DeepBlue Technology issued a public announcement stating that on the morning of May 5th, the company will hold a press conference to announce a major technological breakthrough in its "Aurora Project".

This news quickly attracted attention from the outside world, and people from all walks of life were surprised.

It's worth noting that when DeepBlue Technology first announced its entry into the photovoltaic new energy sector last year, the outside world was very pessimistic about it.

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After all, even giant companies are very cautious about venturing into completely unfamiliar fields.

DeepBlue Technology, on the other hand, acted without hesitation.

At the time, everyone thought that Lin Chuan's team was messing things up. They had previously spent a huge sum of 80 billion yuan to build a new headquarters, which caused the company's stock price to plummet by half, once dropping to 6.88 yuan.

The subsequent epic surge, reaching a record high, was also driven by the government's policy of banning the import of foreign waste.

At this moment, no one expected that DeepBlue Technology would make a breakthrough in the new track so quickly.

There are still doubts, of course, but they have decreased significantly.

Because the first quarter report revealed for the first time that DeepBlue Technology has a military business, and its revenue accounts for a very large proportion.

This has made the outside world realize that DeepBlue Technology is no ordinary company; it has considerable technological development capabilities. Therefore, there is high expectation for DeepBlue Technology's announcement of a major technological breakthrough in a new field.

The press conference took place as scheduled on the weekend of May 5th.

In the morning, more than 200 people had already arrived at the press conference, including media reporters, industry insiders, and observers from investment institutions who had come after hearing the news.

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The backdrop on the stage was a huge projection screen displaying the words "Deep Blue Technology Aurora Project" and "Single-Linear Fission Solar Cell Technology Launch Conference".

At 10:00 a.m. sharp, the press conference officially began.

Lin Chuan walked steadily onto the stage, his selfie sweeping across the entire audience.

Good morning, friends from the media.

Lin Chuan gave a simple opening remark and then got straight to the point.

"Today, DeepBlue Technology announced a major breakthrough in a new technology we call singlet fission solar energy technology."

His voice was clearly transmitted through the microphone throughout the entire press conference venue, and the projection screen on the stage immediately played a demonstration of the flexible solar cell module in a loop.

It was a thin, dark brown film, which was randomly bent under the light.

Lin Chuan calmly stated, "This breakthrough is far more than just a technological improvement; we believe it represents a disruptive restructuring of the photovoltaic industry."

Those watching couldn't help but glance at them; Deep Blue Technology seemed quite confident.

A moment later, Lin Chuan pressed a button on the small remote control in his hand, and the screen behind him switched to a solar spectrum curve.

From ultraviolet to infrared, undulating curves span the entire screen.

"We know that the energy that the sun shines on the Earth's surface every day is equivalent to tens of thousands of times the total energy consumption of mankind in a year, but our utilization rate of solar energy is extremely low."

Lin Chuan turned around and pointed to the curve.

"The photoelectric conversion efficiency of traditional crystalline silicon solar cells is about 33% in the laboratory, but the efficiency of mass-produced products in actual applications is only around 20%."

As soon as he finished speaking, the screen switched to the second image.

It was a molecular structure diagram, with complex coordination bonds and a metal center that looked exceptionally precise against a blue and white background.

"Our core technological breakthrough is based on a molybdenum-based spin-flip metal complex."

"It enables a physical process called singlet fission, allowing a single high-energy photon to generate more than two low-energy excitons."

"This means that the quantum yield of solar energy exceeds 100%, and our team has successfully broken the Shockley-Quiser limit in traditional physics, where one photon can produce at most one exciton."

A buzz of discussion arose from the audience, and many reporters began to check relevant information on their phones.

Some industry insiders at the scene were quite surprised when they heard Lin Chuan say this.

"What?"

"How is this possible?"

"Has the Shockley-Quiser limit been broken?"

Some of the reporters present seemed to understand but not quite. When they heard that the quantum yield exceeded 100%, they were subconsciously confused. Wouldn't that break the law of conservation of energy?

At the same time, Lin Chuan pressed the small remote control in his hand to turn to the next page, which was a comparison picture.

The left side shows a schematic diagram of the energy band structure of a conventional battery, while the right side shows a schematic diagram of a singlet fission battery.

Why are traditional solar cells inefficient? Because the energy of high-energy photons far exceeds the band gap of semiconductor materials, and the excess energy can only be wasted, for example, as heat.

Then, Lin Chuan pointed to the picture on the right.

"Single-state fission precisely distributes the energy of high-energy photons to multiple low-energy excitons, keeping the total energy constant and strictly adhering to the law of energy conservation, but doubling the number of excitons that can be utilized."

Lin Chuan once again used the same metaphor he had used within the project team before.

"It can be understood as replacing one 100-yuan bill with two 50-yuan bills. The total face value remains the same, still 100 yuan, so it does not break the law of conservation of energy."

The reporter in the audience, Kuku, kept pressing the shutter, and the sound of clicking cameras was incessant.

Lin Chuan turned to the next page, where two sets of comparative data appeared on the screen.

"The photoelectric conversion efficiency of traditional crystalline silicon solar cells is around 20%, but what about singlet fission technology? Its photoelectric conversion efficiency reaches an astonishing 45%."

The sound of camera shutters clicking intensified, leaving many industry insiders astonished.

If what Lin Chuan said is true, it means that this technology is more than twice as advanced as its current counterparts.

Those in DeepBlue Technology's industry who directly compete with it in this business felt like the sky was falling when they saw this figure.

I don't know the price yet, but if the price isn't high, then with such a price difference, it's impossible to compete.

Without a doubt, customers will choose the technical solutions provided by DeepBlue Technology without hesitation.

At this moment, Lin Chuan continued to put down another slide.

"Single-linear fission technology is fully compatible with existing thin-film battery manufacturing processes. We have successfully produced flexible modules, which means that they can be applied to scenarios where traditional solar panels cannot be used, such as building-integrated photovoltaics and outdoor energy storage."

The screen finally froze on a set of data comparisons.

On the left are the specifications of traditional crystalline silicon solar cells: low conversion efficiency, poor performance in low light, severe degradation at high temperatures, and rigidity that prevents bending.

On the right is a singlet fission technology solution, with a photoelectric conversion efficiency of 45%, a more than 50% improvement in low-light performance, and high-temperature degradation of only about 30% of traditional solar panels. It is also flexible, foldable, and customizable.

In a comprehensive comparison, DeepBlue Technology's new technology emerged as the clear winner.

As time went on, the technical explanation came to an end.

I've said everything that can be said publicly; I can't possibly reveal any technical secrets that can't be made public.

Lin Chuan looked at the reporters below the stage: "Now it's time for the Q&A session."

As soon as he finished speaking, dozens of hands went up at the same time, and the first one called out was a reporter from CBN (China Business Network).

The reporter stood up and asked, "Mr. Lin, regarding the 45% photoelectric conversion efficiency, is this laboratory data or mass production data?"

Lin Chuan replied, "Laboratory data. But we are confident that we can achieve mass production within two to three years. In the early stages of mass production, we have no problem stabilizing the efficiency at around 35%. Our team is very confident about this. After all, we have already broken through the ceiling, and the remaining problems will be much easier to overcome."

The Caixin reporter then asked, "Mr. Lin, what is the cost of this technology? Is it possible that the cost is too high to commercialize?"

Lin Chuan replied, "We have conducted an internal industry survey, and the conclusion we reached is that its cost is about 5% to 8% lower than that of traditional crystalline silicon cells. With the support of economies of scale, it is expected to increase to about 10% to 15%."

At this point, he paused for a moment and added, "In some applications that are sensitive to area and weight, such as rooftop distributed systems and drones, the cost will be relatively high, but compared with traditional solutions, we believe that they still have a huge competitive advantage."

At this moment, our competitors are saying: "Wanla! Wanla! We're doomed!"

Not only is their technology completely outmatched, but their costs are also lower. What the hell are they doing running a market?

A reporter from the Daily Economic News asked a more practical question: "Mr. Lin, when will DeepBlue Technology launch its products?"

Lin Chuan answered decisively: "We aim to commercialize it within two years."

The timeframe he gave was actually rather conservative; in reality, the application will be deployed much faster.

Unlike the "Plastic-Eating Bacteria" project, which involves time-consuming biosafety and environmental risk assessments, the "Aurora Project" has a much shorter process for implementing photovoltaic new energy products.

Furthermore, the country is currently vigorously promoting the development of the new energy industry, which is strongly supported by policies.

The press conference lasted for more than an hour, and during the Q&A session, Lin Chuan answered nearly twenty questions.

From technical principles to business prospects, from patent strategy to competitive landscape.

His answers were brief and direct, without dodging any questions, but also without revealing any information beyond the scope of the press conference.

The press conference made headlines in numerous financial and technology media outlets on the same day.

[Photovoltaic Technology Revolution: DeepBlue Technology's Single-Linear Fission Solar Technology Achieves Over 45% Photovoltaic Conversion Efficiency] — CBN (China Business Network)

[Breaking the Shockley-Quisher Limit: Deep Blue Achieves Breakthrough in Singlet Fission Technology, Achieving Quantum Yield Exceeding 100%, a Global First] — Science and Technology Daily

[Solar Energy's iPhone Moment: DeepBlue Technology's Single-Linear Fission Technology Redefines Photovoltaics] — 21st Century Business Herald

[Following the plastic-eating bacteria, DeepBlue Technology drops another technological bomb in the photovoltaic field] — Global Times

[Breaking through the physical ceiling, DeepBlue Technology releases new photovoltaic technology, marking the most significant technological breakthrough in the photovoltaic industry in nearly forty years!] — Toutiao (Today's Headlines)

[DeepBlue Technology's new technology may unlock a trillion-yuan market, leading to a restructuring of the upstream and downstream of the industry chain] — Securities Times

The news did not cause a great sensation among the public, nor did it generate much buzz or create a widespread impact.

This is normal, since it's not a consumer product directly aimed at the general public like smartphones and other consumer electronics. This technology will primarily target enterprise clients in the future.

Lin Chuan doesn't use the typical internet traffic marketing methods, so it's naturally difficult for him to break into new markets.

While the public didn't pay much attention, it was a different story for competitors in the photovoltaic new energy sector. Less than an hour after the press conference ended, the discussion had already exploded.

The R&D director of LONGi was reviewing a report on improving the photoelectric efficiency of its products in his office when his phone suddenly started vibrating incessantly.

He picked it up and saw that there were already hundreds of unread messages in the R&D group.

"What?! Quantum yield has exceeded 100%, and photoelectric conversion efficiency has reached 45%? That's impossible!"

He was taken aback on the spot. After reading the message for a while, he immediately dialed the phone of an old friend who worked at the Institute of Metrology.

"Old Zhang, did you guys test that Deep Blue data? Is it real?"

There was a two-second silence on the other end of the phone before the reply came: "It's true, and I signed the report myself."

These words left him speechless for a moment. He suddenly remembered that at the company's annual meeting at the end of last year, he had said on stage that new products were the direction for the next five years.

As a result, before the year was even halfway over, the direction had already been completely rewritten by someone else, and it was a new player from another field who rewrote it.

A young man comes to the photovoltaic industry, lacking any sense of sportsmanship, and starts flipping the table without saying a word.

How do you play this?

Around the same time, the vice president and chief technology officer of another major domestic photovoltaic company were urgently summoned to the chairman's office.

The chairman tossed his phone onto the table; the screen displayed news of DeepBlue Technology's press conference. He turned to the chief technology officer and said, "Tell me the truth, can we do this singlet fission technology?"

The other person picked up their phone, read the news once, and then read it again.

Then he replied in a deep voice, "From a technical standpoint, we have no experience and have never touched this field before—as for whether we can do it—it's hard to say."

Upon hearing this, the chairman already knew the answer: it was highly unlikely that they could do it.

So, as a second-best option, they asked, "If DeepBlue Technology rolls out this technology, how many more years can our production lines last?"

The chief technology officer thought for a moment and replied, "It depends on DeepBlue Technology's industrialization efficiency, but I estimate that our production line can last for at most three years, and at most five years."