Chapter 17 New energy becomes the guest of honor

According to the news from Huaxin Securities on September 28, 2007, theme stocks are very eye-catching, and HT-SAAE (600151) is a good example. In my opinion, the rise of HT-SAAE (600151) is inseparable from the support of two factors: the introduction of the concept of venture capital and the role of new energy. In August 2007, the state promulgated the "Management Measures for Issuance and Listing on the Growth Enterprise Market", and the concept of venture capital has become increasingly popular. HT-SAAE (600151), which landed on the Shenzhen Stock Exchange in the form of venture capital, has two subsidiaries in the field of solar energy. It may be on the GEM, which means that HT-SAAE (600151) is expected to be the biggest beneficiary.Today, it turns out that is the case.

In addition to the new investment concept of joining venture capital, it is its achievements in new energy that make HT-SAAE (600151) do well. HT-SAAE (600151) is a typical stock that enters the "polysilicon" project, and "polysilicon" is an important part of the solar energy sector.The development of new energy is not only in line with the international industrial development trend, but also in line with the national industrial development strategy, and also helps to alleviate the raw material "bottleneck" problem faced in the development of the solar energy industry.HT-SAAE (600151) took advantage of this "east wind" to rise, and had no intention of playing a positive guiding role in the development of the industry, so it naturally became a leading solar energy company doing its part.

In terms of investing in new energy, HT-SAAE (600151) has no intention of being a good example.The experience of this model was quickly acquired by Wenzhou people who are good at imitating. In March 2008, Hu Xucang, chairman of the joint meeting of partners of Wenzhou Huanya Venture Capital Center, came to a solar energy company in Wenzhou to discuss cooperation intentions.Hu Xucang said that solar energy is now a new energy that the country attaches great importance to. As long as solar energy companies have the idea of ​​going public, he is willing to provide more than one billion yuan of funds to help achieve this wish.Of course, as the person in charge of a venture capital institution, this job is not for nothing. The purpose is to let companies that have no money to go public get capital, and I, a rich investor, can get more returns—after all, venture capital is a profitable business. Multiple times the big business.In addition, investors can also reduce investment risks, allowing Wenzhou capital to obtain a better living space through the operation of capital.

Hu Xucang's Huanya Venture Capital Center has raised more than 1 billion yuan in funds, and has more than 20 Wenzhou fellows as shareholders.Similar to his venture capital firm.According to Wenzhou official statistics, as of March 2008, nearly a hundred venture capital companies have registered.No matter which venture capital company is established, the fundamental purpose of its establishment is to make money. Wherever the profit is large, the capital will flow into the basin.However, as far as Hu Xucang’s company is concerned, according to their understanding of various industries at the time, new energy, new materials, environmental protection, resources and finance are the five most promising industries, especially in the fields of new energy and new materials. In these two directions, several projects have been discussed.

As for why he invested in new energy, Hu Xucang did not say clearly, but I can be sure that it must be related to these two factors: 1. The needs of national economic development. As we all know, the speed of China's economic development is considered top-notch in the world, and the annual official statistics of GDP are significantly higher than those of other regions in the world. The rapid economic development needs the support of energy and resources.Some people in Wenzhou see a huge business opportunity in investing in energy. Therefore, some people invest in hydropower stations, some in coal, some in oil, some in non-ferrous metals, and so on.Its purpose is to meet the needs of the national economy for these energy and resources, and to benefit from it.

I have to admit that Wenzhou people have a good starting point, benefiting the country and themselves.Regrettably, although some people made some money from it, some people failed to invest and lost a lot of money. In 2010, Wenzhou Capital had to withdraw its coal investment in Shanxi, which is a good example. It can be seen that although the early investment in energy and resources by Wenzhou people is very profitable, it is also very risky. If you are not careful, you may end up investing in coal business, and some investors will lose their money. However, even if some Wenzhou people fail to invest in energy and resources, the country still needs these energy and resources. After all, they are the blood and food for maintaining the rapid development of the national economy.However, due to various reasons, the practice of direct private investment in these energy and resources has not been fully recognized at present.

Compared with scarce energy such as coal and oil, new energy is different.On the one hand, it can satisfy the development of the national economy. On the other hand, as long as there is investment in capital technology, this energy is renewable.Such as solar energy and wind energy, if these emerging energy sources can be popularized in China's industrial and agricultural production on a large scale, it will be a great achievement for the entire country. Therefore, completely different from the attitude towards scarce energy such as coal and oil, the state vigorously advocates the development of energy.As long as private enterprises have sufficient strength in research and development, and have advantages in capital and technical conditions, the state will strongly support them.

In this encouraged environment, new energy development is bound to become popular.The huge Wenzhou capital has been looking for good investment projects. Its venture capital investment in new energy is no different from responding to the call of the country, supporting the research and development of new energy projects, contributing to the development of the entire national economy, and allowing itself to be a leader in venture capital. Get more profit in operation. Mutual benefit has always been the basis for Wenzhou people to choose investment projects; investing in new energy will allow Wenzhou people to go directly to the road of benefiting the country and the people.This investment will bring the career of Wenzhou people to a higher level.

2. There are many private new energy companies waiting for financial assistance. In response to the country's call to invest in the new energy field, there are two relatively good forms: one is to directly establish a company in the new energy industry, and the other is to do venture capital.Wenzhou Capital has been involved in these two forms of investment. In 2010, at the Wenzhou New Energy Development and Energy Conservation Situation Policy Conference, Ding Jianyu, deputy director of the Wenzhou Municipal Development and Reform Commission, introduced that there are more than 60 new energy companies in the city, with a total investment of 4.5 billion yuan. The products mainly involve Solar energy, wind energy, energy storage power stations (research and development of batteries), LED, new energy vehicles, high-efficiency energy-saving, special pump valves for clean energy, smart appliances, etc. More than a dozen fields.

These investment fields have good prospects.Taking wind energy as an example, Wenzhou has a coastline of 355 kilometers, a vast sea area nearby, and strong monsoons, which have natural advantages for building wind farms.There is also solar energy. The main direction focuses on the development of solar water heaters combined with architectural design, which will greatly improve the use of solar water heating systems and heating systems by urban and rural residents in Wenzhou. That is to say, these dozens of new energy sources all have a good market space, and companies investing in these fields can obtain good returns if they have no business problems.What's more, new energy is relatively clean in use, which helps to build an ecologically civilized city.From a longer-term perspective, it can also promote sustainable economic development, protect the environment, save resources, help improve energy utilization, and respond to the country's call for new energy development.

Therefore, for companies that develop new energy, it is a good thing for both public and private. At least this investment will not be scolded like Wenzhou people who invest in the property market. Now that the market prospect is good and the impact is good, can new energy companies bloom everywhere? uncertain!In fact, many bosses who have such investment ideas have more or less bottlenecks in their career development, and even find it difficult to raise capital for their start-ups.Because the development of new energy and new technologies is different from ordinary industrial investment such as shoes and clothes. Without tens of millions or hundreds of millions of funds, there is no need to build a business at all.Ding Jianyu also said that Wenzhou's new energy enterprises are "small in scale and lack of investment is a flaw". In fact, not only Wenzhou City, but new energy companies all over the country need funds to integrate resources and introduce new technologies.At this time, more and richer people are needed to help them raise the required funds. Based on the needs of the development of new energy companies, venture capital institutions born for new energy have also been established one after another.Hu Xucang's Huanya Venture Capital Center is interested in fields such as new energy, new materials, and environmental protection. I think this is the most fundamental reason. Venture capital, by definition, is an activity in which investors provide financing for "new technology-based start-up companies".There is a very restrictive word here: high technology.Of course, in addition to "high-tech" companies, we also invest in other fields, but the main field is basically defined in this "high-tech".New energy is no different from a typical "high technology". Its vast market space and strong support from national policies are not only the best explanation for the attention of venture capital institutions in this field, but also the fundamental driving force for Wenzhou's big bosses to pay attention to new energy.