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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MC-TDOD63 HONEYWELL 51309154-275 MU-TDOD63 Digital Output 31-200 Vdc Solid-State
MC-TDOD54 HONEYWELL MU-TDOD54 Digital Output 3-30 Vdc Solid-State FTA
MC-TDOD53 HONEYWELL 51304650-250 Digital Output FTA SS relay
MC-TDOA53 51304648-275 HONEYWELL MU-TDOA53 Digital Output
MC-TDIY62 HONEYWELL MU-TDIY62 Digital Input 24 Vdc FTA
MC-TDID72 HONEYWELL MU-TDIA62 Digital Input 24 Vdc FTA
MC-TDID52 HONEYWELL MU-TDIA72 Digital Input 24 Vdc FTA
MC-TDIA72 HONEYWELL MU-TDIA72 Digital Input lsolated 120 Vac FTA -Packaged
MC-TDIA52 HONEYWELL Digital Input lsolated 120 Vac FTA MU-TDIA52
MC-TAOY53 HONEYWELL MU-TAOY52 Analog Output 16 FTA
MC-TAOY52 HONEYWELL Analog Output 16 FTA MU-TAOY52
MC-TAOX52 HONEYWELL Analog Output FTA MU-TAOX52
MC-TPIX52 HONEYWELL Pulse Input FTA MU-TPIX52
MC-TSTX53 HONEYWELL Smart Transmitter Interface FTA for Redundancy MU-TSTX53
MC-TAIH53 HONEYWELL High Level Analog Input FTA MU-TAIH53
Honeywell MC-TSTX13 Smart Transmitter Interface FTA for Redundancy MU-TSTX13
MC-TSTX03 Smart Transmitter Interface FTA MU-TSTX03
Honeywell MC-TAIH13 High Level Analog Input FTA for Redundancy MU-TAIH13
MC-TAIH03 High Level Analog Input FTA MU-TAIH03
Honeywell MC-TAIH12 High Level Analog Input MU-TAIH12
MC-TAIH02 High Level Analog Input MU-TAIH02
Honeywell MU-KFTA05 FTA I/O Cable 5M
MC-ILDX03 Long Distance I/O Link Extender Pair MU-ILDX03
Honeywell MC-IOLX02 I/O Link Extender Pair−Remote Location MU-IOLX02
MC-IOLM02 I/O Link Extender Pair−Main Location MU-IOLM02 51304419-150
Honeywell MU-PFPX01 Blank Filler Plate for I/O Slot
Honeywell MC-PDOY22 Digital Output 32 Processor MU-PDOY22 80363975-150
Honeywell MC-PDOX02 Digital Output Processor MU-PDOX02
Honeywell MC-PDIY22 Digital Input 24 Vdc Processor 80363972-150 MU-PDIY22
Honeywell MC-PDIS12 Digital input processor MU-PDIS12
Honeywell MC-PDIX02 Digital Input Processor MU-PDIX02
Honeywell MC-PAOX03 Analog Output Processor 80363969-150
Honeywell MC-PAOX03 Analog Output Processor
MC-TAIH52 HONEYWELL High Level Analog Input/STI FTA
honeywell MC-PPIX02 Pulse Input Processor (8 Inputs) MU-PPIX02
honeywell MC-PRHM01Remote Hardened Multiplexer IOP MU-PRHM01
honeywell MC-PAIL02 Analog input processor 51304362-350
honeywell MC-PLAM02 Analog Input Multiplexer Processor MU-PLAM02
Honeywell MC-PSIM11 Serial Interface Processor (16 Points/Port) 51304362-350
honeywell MC-PSDX02 51304362-250 Output 8-Point Processor MU-PSDX02
honeywell Processor 16 Inputs MC-PSTX03 51304516-250
honeywell MC-PDIX02 51304362-150 Analog input module
SAIA PCD3.W315 Number of inputs (channels)
DELTA TAU PMAC-2-ACC8T Control board
Automotion ALC12DE-010-1312 Automatic motion servo amplifier
PTM PSMU-350-3 Drive sensor
PROSOFT MVI56E-MNET Network interface module MVI56-PDPS
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