May 21, 2024

2018 China's industrial robot market, the latest half-year financial report analysis

In 2017, China's industrial robot market sales continued to grow. Of the nearly 90,000 sales, local brands accounted for about 20%, and foreign brands accounted for about 80%. Compared with the previous year, the sales growth rate of domestic industrial robots was basically stable, and the growth rate of foreign brand sales increased significantly.

But in 2018, the gunpowder is getting stronger. A number of domestic smart manufacturing policies have been introduced to promote the transformation and upgrading of the manufacturing industry, which undoubtedly creates a new favorable environment for the development of domestic robots. Internationally, rigid demand is still strong. So, how did domestic and foreign robot companies perform in the past six months?

Look at the latest half-year financial report sent to you by the editor. Although it can't fully summarize the situation of the company, it can give you a glimpse of the whole leopard.

2018 China's industrial robot market, the latest half-year financial report analysis

International giants

Looking at the financial reports of foreign companies, the overall growth trend shows that the market capacity is still huge. Therefore, all parties continue to increase investment locally and overseas. Acquisitions, mergers, and separations are frequent, and China has undoubtedly become their most important necessity. Contend for.

ABB

In the first six months of 2018, ABB achieved sustained profit growth. Among them, sales revenue was 17.516 billion U.S. dollars, an increase of 7% year-on-year; net profit was 1.253 billion U.S. dollars, basically the same as the 1.249 billion U.S. dollars profit in the first half of 2017.

Thanks to ABB's continued attention to specific industries such as food and beverage, automotive and 3C, ABB's robotics business has shown steady growth this year. In addition, the quarterly report mentioned that ABB’s four business divisions and three major regions have achieved overall growth in order volume. Two aspects are more prominent. On the one hand, ABB Ability’s digital solutions have contributed significantly to the increase in order volume in the second quarter; In terms of global regional markets, ABB has the largest growth rate in the Chinese market.

Yaskawa Electric

As of May 31, 2018, Yaskawa Electric had sales of 236.889 billion yen and net income of 25.816 billion yen.

This year, Yaskawa Electric adjusted the financial reporting period, so the quarterly and semi-annual reports did not indicate the year-on-year change. Yaskawa Electric’s first quarter (March 1-May 31, 2018) sales of 128.216 billion yen, net profit attributable to shareholders of the parent company 15.718 billion yen; the first quarter of 2017 (March 21, 2017-6 20th) Sales of 107.498 billion yen and net profit of 9.799 billion yen.

In the first-quarter financial report of Yaskawa Electric, robot sales were 43.913 billion yen and operating income was 5.05 billion yen. The company believes that the market is performing very well. Among them, there is a strong demand for welding, painting and other types of robots for the automotive industry, and rapid development has been achieved in Japan, Europe and other places. The demand for automation in the manufacturing industry centered on China is still very strong, and the trend is positive.

FANUC

As of June 30, 2018, FANUC's total revenue in the first half of this year was 373.437 billion yen; operating income was 113.879 billion yen, net income was 90.367 billion yen, and net profit TTM (rolling price-earnings ratio in the past 12 months) index was 25.15%.

FANUC's first quarter (April 1st-June 30th, 2018) financial report reflects concerns about Sino-US trade frictions. Although revenue and profit have achieved 8.51% and 9.52% growth respectively, and the full-year performance forecast has been raised, the number of orders that affect future performance has decreased by 14% year-on-year. In particular, China’s orders dropped by 34%.

Kuka

In the first half of this year, KUKA’s sales totaled 1.597 billion euros; operating income was 67 million euros, the net profit attributable to shareholders of the parent company was 51 million euros, and the net profit TTM index was 2.39%.

After KUKA was acquired by Midea, KUKA General Industry China CEO Wen Qiming once stated that KUKA’s goal is to become the No. 1 robot manufacturer in China by 2020, and in 2017 KUKA’s total revenue, the Chinese market accounted for approximately 20%, the total revenue of the year was 3.479 billion euros. KUKA's business mainly involves automotive industrial robots, general industrial robots, logistics robots and medical robots. In the next step, KUKA will increase investment in the field of human-machine collaborative robots, and gradually endow the robots with the ability to move and perceive.

Mitsubishi

According to the summary statistics of the performance announced by Mitsubishi Electric's official website, the editor of Industrial Control, in the first six months of 2018, Mitsubishi Electric achieved total revenue of 2,367,168 million yen, and net profit attributable to shareholders of the parent company of 126.34 billion yen. Mitsubishi Electric’s total revenue in the first quarter (April 1-June 30, 2018) was 105.982 billion yen, an increase of 1.6% over the same period in 2017; net profit attributable to shareholders of the parent company was 47.578 billion yen, a decrease of 16.5% over the same period. The net profit margin TTM index is 5.86%.

Previously, Mitsubishi Electric’s business strategy document stated that it is developing robots that can respond to production changes intelligently and with high precision. In addition, China, as an important overseas market for Mitsubishi Electric, will start producing industrial robots in China this year to expand its market share.

Alphabet

The income statement of Alphabet, Google's parent company, shows that in the first half of this year, total revenue was 63.803 billion U.S. dollars; net profit was 12.596 billion. The second-quarter financial report announced by the company showed that its revenue in the second quarter was US$32.66 billion, a significant increase of 26% year-on-year.

It is reported that this year, Alphabet's life science company Verily and surgical robot manufacturer Intuitive Surgical have joined forces to research surgical robots and plan to launch some software tools to enhance the surgical field of vision. This time Alphabet has invested in the largest investment in the medical industry so far, which may set off a battle for the smart surgical instrument market.

National mainstream

Different from foreign companies' continuous large-scale investment, local companies prefer to form strategic alliances with local companies in other fields to seek development through cooperation and win-win.

Eston

It is estimated that the net profit attributable to shareholders of Estun listed company from January to June 2018 is 52.152 million-72.211 million yuan, a year-on-year increase of 30%-80%. In 2017, Estun’s operating income was RMB 1.077 billion, a significant year-on-year increase of 58.69%. Compared with 2015, revenue doubled.

According to this year's performance forecast, Estun is expected to maintain rapid growth in the first half of the year. In the past two years, Estun has been “buying, buying and buying” at home and abroad, such as the acquisition of Euclid Labs, an Italian robot vision technology system, Barrett Technology, a service robot servo system manufacturer in the United States, and MAi, a German robot system integrator. It is quite successful to realize the company's transformation and growth through the expansion of its robotics field through mergers and acquisitions.

New Times

Newstar issued a performance forecast, predicting that the net profit attributable to shareholders of listed companies from January to June 2018 will be 14.88 million to 54.56 million yuan, a year-on-year decrease of 85%-45%.

Newstar revealed that the motion control and robotics product market business continued to maintain a growth trend, and R&D investment and market development were further increased. However, there are still uncertainties in the acceptance and revenue recognition of some robotic engineering businesses.

Sinsong Robot

The 2018 semi-annual performance forecast shows that the net profit attributable to ordinary shareholders of listed companies is 209 million to 244 million, an increase of 18% to 38% over the same period of the previous year.

The market demand for robots and intelligent manufacturing continues to be strong this year, creating more opportunities for Siasun Robotics, and the number of new orders has increased over the same period last year. Focusing on the development strategy of large industries and large platforms, Siasun Robotics has further promoted strategic cooperation to promote the continuous expansion of the company's operating income.

Topstar

Tostar’s performance forecast shows that during the period from January 1 to June 30, 2018, the net profit attributable to shareholders of listed companies was 70 million to 81 million yuan, an increase of 28.01% to 48.13% over the same period of the previous year.

During the reporting period, the company's various main businesses grew steadily, operating income rose year-on-year, and profitability maintained the same growth. Among them, the two main businesses of industrial robots and automation application systems, injection molding machine supporting equipment and automatic feeding systems have made a significant contribution to the company's continued growth in the company's net profit in the first half of 2018.

Huazhong CNC

It is estimated that the net profit loss attributable to shareholders of listed companies from January to June 2018 is 44.69 million to 49.69 million, a year-on-year change of -1713.47% to -1551.12%. The average net profit growth rate of the general equipment industry is 10.54%.

Huazhong CNC can be said to be a bit of green in the long red of the robot company's stock market. The main reason for the loss disclosed by the company is that the debtor reorganization will expose the company to the risk of irrecoverable receivables and impairment of available-for-sale financial assets. Based on the principle of prudence, the company will supplement the above receivables The provision for bad debts of accounts receivable is 22.398 million yuan, and the provision for impairment of available-for-sale financial assets is 8.976 million yuan. The total amount of the above provision will affect the company's profit of 31.376 million yuan in the first half of 2018.

Previously, Huazhong CNC executives had expressed their desire to transform their operations and get rid of their dependence on government subsidies. Halfway through this year, whether Huazhong CNC will be able to transform itself and break the dilemma of the bleak net profit after deduction of non-profits since 2012, ushering in the dawn. Please wait for the end of the year with the industrial control editor.

On the whole, the robot market still maintains a trend of rapid growth, but the robot companies have never relaxed because of this bright scene.

Domestic and foreign enterprises can be described as frequent actions, the market layout of large enterprises is becoming more and more complete, and small enterprises are firmly focusing on subdivided fields to do fine and professional, and the competition is becoming increasingly fierce.

Stainless Steel Tube Processing

ShenZhen Haofa Metal Precision Parts Technology Co., Ltd. , https://www.haofametal.com