Description
hardware flow control. It is an ideal choice in the field of industrial automation.
2. Orders for industrial robots from Fanuc, ABB, and Yaskawa Electric picked up in Q2
According to data disclosed in the Sinolink Securities research report, the performance of Fanuc, ABB,
and Yaskawa Electric robots is still declining, but orders have rebounded. In addition to KUKA, the 2019Q2
financial data of Fanuc, ABB, and Yaskawa Electric show that their overall revenue and profits and robot
business revenue and profits are still declining, but there are also some
structural improvements, and robot orders from each company have recovered to varying degrees. Since orders
lead revenue by about a quarter, the revenue decline shows that China”s robot market demand is still
bottoming out, but the inflection point in response to improved orders
is not far away.
1. FANUC Q2 robot business situation
Fanuc”s revenue in 2019Q2 was 134.6 billion yen, a year-on-year decrease of 26.37%, which was slightly
narrower than the -26.81% in 2019Q1; Fanuc”s operating profit
continued to decline for four consecutive quarters from 2018Q2 to 2019Q2, and its operating profit in 2019Q2
was 28.6 billion yen, a year-on-year decrease of 26.37%. It fell by 47.50%, which was narrower than the -51.67%
in 2019Q1. The operating profit
margin was 21.20%, bottoming out and rebounding.
Robot slowdown continues to expand
In 2019Q2, Fanuc”s CNC machine tool business revenue was 22.1 billion yen, down 47.38% year-on-year;
industrial automation revenue was 43.5 billion yen, down 28.57% year-on-year; the robot business revenue was
47.1 billion yen, down 19.49% year-on-year, and the rate of decline is still expanding. The nearly 20%
decline in 2019Q1-Q2 far exceeded the -2.96% in
2018Q4; service revenue was 21.9 billion yen, a year-on-year increase of 2.34%.
Revenue in China and the United States has slowed and narrowed
In 2019Q2, compared with Fanuc”s revenue decline in Japan, Europe and other regions, its
revenue decline in China and the United States has narrowed. During the period, Fanuc”s revenue in
China was 24.1 billion yen, down 49.26% year-on-year (Q1 was -61.18%), and revenue in the United
States was 28 billion yen, down 19.77% year-on-year (Q1 was -21.41%).
Robot orders have returned to positive growth, while machine tool orders have slowed down significantly.
In Q2 2019, Fanuc”s new orders for CNC machine tools were 20.9 billion yen, a year-on-year decrease
of 38.53%, which was significantly narrower than Q1″s -62.36. During the period, its robots received 56.1
billion yen in new orders, a year-on-year increase of 5.85%, ending four quarters of negative growth. Orders lead revenue by a quarter,
and robot revenue is expected to return to positive levels in Q3 2019.
Orders in the United States and Asia improved, while Japan and Europe slowed and expanded.
In Q2 2019, Fanuc received 36.1 billion yen in new orders in the United States, a year-on-year
increase of 27.56%, and the growth rate increased significantly. During the period, its new
orders in Japan were 30.2 billion yen, a year-on-year decrease of 18.82%, and new orders in
Europe were 27.6 billion yen, a year-on-year decrease of 15.60%, and the decline rate has expanded.
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B3EA HENF315147R1 ABB
E3ES ABB
P3EDb HENF452778R1 ABB
O3EX HENF315845R2 ABB
P3EBHENF315223R1 ABB
IISAC01 ABB
NIMP01 ABB
NTR002-A ABB
NTLS01 ABB
INICT01 ABB
G3ENa HENF450268R2 ABB
P5EAa HENF206350R2 ABB
O3EC HENF442581R1 ABB
O3EHa HENF315087R2 ABB
E3ED ABB
E3EP HENF315276R1 ABB
O3EGb HENF315118R2 ABB
O3ED ABB
O3ES HENF445789R1 ABB
E3EB HENF315129R1 ABB
G3ESa HENF318736R1 ABB
8025-235 ABB
CMA123 ABB
COMMANDER310 ABB
Microcomputer type transformer SPAU140C
Microcomputer type transformer SPAD346C
GEC ALSTHOM MVAJ23T1GB0774B
GEC ALSTHOM MVAJ21T1GB0771B
GEC ALSTHOM MVAJ27T1FB0784D
GEC ALSTHOM MFAC34N1AA0001A
GEC ALSTHOM MCTI40N1AB0751G
GEC ALSTHOM MVAJ21L1GB0771B
GEC ALSTHOM MCGG22L1CB0753E
GEC ALSTHOM MBCI01N1AB0761B
GEC ALSTHOM MVAW11B1AB0513A
GEC ALSTHOM MVTU11K1CD0751G
GEC ALSTHOM MVAJ27L1FB0784D
GEC ALSTHOM MAVS01L1AB0501D
GEC ALSTHOM MVAW11B1AB9007A
GEC ALSTHOM MFAC14K1AA0001A
GEC ALSTHOM MCGG62N1CB0753F
GEC ALSTHOM MAVS01L1AB0751D
GEC ALSTHOM MCTI40F1AB0751F
GEC ALSTHOM VAJX11BP5243BA
GEC ALSTHOM MVAJ53H1LB0856A
GEC ALSTHOM MVTT14B1BA0773C
GEC ALSTHOM 3BE101
GEC ALSTHOM MVAA14B1AA0785C
GEC ALSTHOM MVUA11B1BD0784B
GEC ALSTHOM MCHN02D1AB0005A
GEC ALSTHOM MVAX12B1DA0753A
GEC ALSTHOM MVAX31C1DF0754A
GEC ALSTHOM MCHN02D1AB0004A
GEC ALSTHOM MCGG22D1CB0753C
GEC ALSTHOM MVAJ13D1GB0780A
GEC ALSTHOM MVAJ23B1AB0757B
GEC ALSTHOM MCGG52H1CB0753C
Robot spare parts DSQC633 ABB
Robot spare parts 3HAC022286-001/04 ABB
DSQC633 3HAC022286-001/04 ABB
DSQC627 3HAC020466-001 ABB
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