Venture(US:VEMLY) Xin Lang Cai Jing·2025-12-12 14:13Core Viewpoint - The perovskite technology is leading a significant energy transformation in the global photovoltaic industry, with the company aiming to transition from "high-tech" to "high-quality" products for 3C electronics and IoT devices, enabling them to function autonomously without wires [1][6]. Group 1: Technological Advancements - The company has broken 19 world records in over two years, with a recent achievement of a commercial perovskite module efficiency of 21.88% [3][8]. - The company emphasizes the importance of engineering capabilities, stating that achieving industrialization of perovskite technology requires breakthroughs in five key areas: material research, engineering processes, production equipment, computer simulation, and AI empowerment [3][8]. - The stability of the components has been validated, with performance degradation of less than 10% after 5000-8000 hours of accelerated aging tests, laying the groundwork for commercial applications [3][8]. Group 2: Strategic Focus - In November 2023, the company decided to temporarily abandon the large-scale power station market to focus on mobile energy solutions for 3C electronics, IoT devices, and wearables, citing economic impracticality in the current technological landscape [4][9]. - The company’s strategy involves a "three slow, one fast" approach, where spending, equity distribution, and user development are slow, but product iteration is rapid, leading to successful integration of perovskite components into various consumer products [10][9]. - The company plans to adopt a phased market expansion strategy, focusing on mobile energy for the next 2-3 years, with expectations of expanding into BIPV, vehicle-mounted photovoltaics, and distributed power stations as costs decrease and stability improves [10][9]. Group 3: Competitive Landscape - The company recognizes the competitive landscape and the potential cognitive burden from the advantages established during the crystalline silicon era, warning against applying outdated thinking to perovskite development [5][11]. - The company highlights that perovskite technology represents a complete energy paradigm shift, distinct from crystalline silicon, and emphasizes the need for a new mindset to embrace this transformation [5][11]. - The production process for perovskite takes only 45 minutes, significantly shorter than the 66 hours required for crystalline silicon, with reduced material usage and environmental impact, indicating a new industrial model [5][11]. Group 4: Future Outlook - The company is confident in its industry prospects, asserting leadership in four core indicators and aiming to solidify its position as a large-scale industrial player through continuous technological iteration and product innovation [6][12]. - The vision for the future includes perovskite technology as a key to unlocking the interconnected era, where billions of IoT devices can achieve self-sufficiency, freeing them from reliance on wired power sources [6][12].