novelTele Chapter 82 The outside world is in an uproar again.
Chapter 82 The outside world is in an uproar again.
The following afternoon at around 16 PM, DeepBlue Technology released a new announcement.
The title is: "Announcement from DeepBlue Technology Regarding the Development of New Businesses"
In order to expand the company's business scope and cultivate new performance growth points, the company's board of directors has approved the plan for DeepBlue Technology to enter the photovoltaic new energy industry and carry out research and development and industrialization of new high-efficiency solar energy technologies.
The project is expected to invest approximately 20 billion RMB. The company will establish an independent photovoltaic technology R&D center and team, introduce high-end professional and technical talents, and strive to achieve breakthroughs in the field of new photovoltaic technology.
This proposal has been reviewed and approved by the company's board of directors, and is hereby announced.
The announcement from DeepBlue Technology caused an uproar among investors on the same day.
Outsiders think DeepBlue Technology's management has gone mad. Putting aside the risky move of venturing into an unfamiliar industry, even if they were to cross over, they shouldn't be going into the photovoltaic sector.
Last year, the photovoltaic industry was hit by anti-dumping and countervailing duties from Europe and the United States, which severely damaged the industry. Moreover, the entire industry had long been facing serious overcapacity.
The entire industry is suffering collective losses this year, so why force your way into this track? It's like throwing money away.
At this moment, this is what the comments section of DeepBlue Technology's stock forum looks like.
[Am I reading this right? They just spent 80 billion yuan on renovating the company headquarters, and now they're going to shell out another 20 billion yuan for solar power?]
[Don't you know how dire the situation is on this track? Was there no research? Was this really a decision made on a whim?]
[Hurry and sell everything and get out. Don't hold on to any illusions; the company's management is incompetent.]
[Speechless. A company specializing in bio-environmental protection is venturing into solar power. What were the management thinking?]
[I think I've figured it out now. This company has no long-term plan whatsoever; they just do whatever comes to mind.]
[The stock price had finally shown signs of stabilizing after two weeks of consolidation, and then this huge negative news hit...]
[They've gone mad, the management has completely gone mad.]
[It's best to stay away from these kinds of stocks.]
……
The A-share market opened the following day.
DeepBlue Technology's stock price was immediately capped at the daily limit down price of 11.87 yuan, opening at the limit down price and falling below the 12 yuan mark.
After the market opened, there were millions of sell orders piled up at the best bid price.
There were almost no buy orders; occasionally a few small orders would appear, but they would be swallowed up instantly.
All the big and small funds fled, but in the end, no one could escape.
Some shareholders who held the stock watched as Deep Blue's share price hit a new low. Some cursed and swore, some sighed helplessly, and some simply pretended not to move.
A sense of despair permeated the stock forum of DeepBlue Technology, and even long-term investors who were once firmly optimistic about DeepBlue Technology began to waver.
In fact, investors are generally optimistic about the prospects of DeepBlue Technology's bio-plasticizing microbial community technology, but the series of actions taken by the management are unsettling and completely incomprehensible.
Previously, they spent a huge sum of 80 billion yuan to build their headquarters, and now they are going to spend another 20 billion yuan to enter the photovoltaic industry, which is completely unfamiliar to DeepBlue Technology and is already oversupplied.
From an investor's perspective, this is beyond being described as aggressive; it's downright out of control.
The next day, DeepBlue Technology opened at its daily limit down again.
Although the price was briefly pushed back up from the daily limit down, it eventually fell back down and closed at the limit down price again.
In the following three trading days, although DeepBlue Technology's stock price did not continue to plummet to the daily limit, it still experienced a continuous sharp decline, with a daily drop of more than 5 percentage points over the three days.
The stock price plummeted to 8.92 yuan, a cumulative drop of 51.15% from the high of 18.26 yuan, already below the 50% mark.
More than 20 institutions holding shares in DeepBlue Technology, including public funds, private funds, and some large investors, have been reducing their holdings and withdrawing in the past few days.
Besides having already invested in the stock before the backdoor listing, with a low enough cost basis to make a profit and exit,
Those institutions that got on board after the backdoor listing either withdrew at break-even or withdrew at a loss.
A private equity fund that held shares in DeepBlue Technology chose to liquidate its entire position and exit the market, suffering a huge loss of 28%.
His reason for cutting his losses was that although DeepBlue Technology's fundamentals had not changed significantly and the phagocytic microbiome business was not in trouble, the management's behavior had exceeded his comprehension.
First, they spent 80 billion yuan to build a new headquarters in some godforsaken place, then they spent another 20 billion yuan on solar power...
What will they do next? It's completely unpredictable.
Since it's impossible to price something you don't know, it's better to cut your losses and withdraw to avoid unpredictable risks.
Other institutions that absconded followed a similar logic, because it was impossible to predict what kind of bizarre actions the company's management would take next.
The sharp drop in DeepBlue Technology's stock price has resulted in losses for all investors who bought shares before the backdoor listing, except for those who made a fortune. All funds that entered the market after the stock resumed trading following the backdoor listing have lost money.
Retail investors lost money, large investors lost money, and public and private equity firms lost money...
It focuses on AOE damage, and it's fair and balanced.
After the company's stock price halved, it began a one-sided downward trend, clearly indicating that it had been abandoned by investors.
Only retail investors who are trapped in losses are unwilling to cut their losses and choose to lie low and play dead.
……
The sharp drop in the stock price in the secondary market has not affected DeepBlue Technology's operation and development.
Lin Chuan didn't pay any attention to the company's stock price fluctuations. After making the decision to let DeepBlue Technology develop new businesses, he began to set up the project team for "Project Aurora".
DeepBlue Technology, Wednesday afternoon.
"Come in."
Hearing the knock on the door, Lin Chuan, who was in his office, responded.
Shen Yuxin pushed open the office door and walked towards Lin Chuan: "Senior brother, what are your plans?"
Lin Chuan glanced up at her, then said, "Make a list of the positions we need to hire for the new business."
Upon hearing this, Shen Yuxin made a note: "Okay, go ahead."
While pondering, Lin Chuan calmly stated, "Five photovoltaic materials scientists are needed. Requirements include a doctoral degree in materials science and engineering, condensed matter physics, or a related field, over five years of experience in photovoltaic materials research and development, and preference will be given to candidates with backgrounds in organic/inorganic hybrid materials and metal complex synthesis."
"Eight Thin Film Process Engineers are needed. Applicants should have a Master's degree or above in Microelectronics, Materials Science, or Physics, at least three years of experience in thin film fabrication, and be familiar with processes such as vacuum evaporation and solution coating."
"Five semiconductor physics engineers are needed. Applicants must hold a PhD in semiconductor physics or optoelectronics and be familiar with theories such as exciton dynamics and carrier transport."
"Seven Device Integration Engineers are needed. Applicants must hold a Master's degree or higher in Physics or Electrical Engineering and have experience in solar cell device fabrication and testing."
Lin Chuan paused for a moment, then continued:
"10 Equipment Engineers. Bachelor's degree or above in Mechanical Engineering or Automation, with experience in maintenance or design of vacuum equipment or coating equipment."
"Six Testing and Characterization Engineers are needed. Applicants must hold a Master's degree or higher in Analytical Chemistry or Materials Physics and be familiar with characterization techniques such as SEM, TEM, XRD, and spectral analysis."
"Seven Data Modeling Engineers are needed. Applicants should have a Master's degree or above in Computational Physics or Materials Informatics, and experience in first-principles calculations or machine learning-assisted materials design."
Shen Yuxin concentrated intently, quickly taking notes.
The total number of personnel required for all R&D positions is 187.
In addition, support positions such as project management, intellectual property rights, and supply chain management have been recruited, with a total of 216 people to be recruited for the entire project.
……