Description
hardware flow control. It is an ideal choice in the field of industrial automation.
After experiencing a sharp decline in December 2017, industrial capacity utilization began to show signs of stabilizing. According to empirical data, the industrial
capacity utilization rate is slightly ahead of the profit performance of industrial enterprises. At the same time, the profitability of industrial enterprises is probably
1-2 quarters ahead of the capital expenditure of industrial enterprises. Therefore, the utilization rate of industrial capacity is an important leading indicator that needs
to be paid attention to. It is important to a certain extent. To a certain extent, it indicates the future profit and capital expenditure trends of industrial enterprises.
In 2019Q3, the industrial capacity utilization rate reached 76.4%, which was the same as in 2019Q2. The gradual stabilization of the industrial capacity utilization
rate indicates that the profitability of industrial enterprises is expected to stabilize in the future, and industrial enterprises may usher in a new round of capital expenditure cycle in 2020.
Fixed asset investment in the manufacturing industry continues to bottom out, and the growth rate of fixed asset investment in the 3C field in the downstream
applications of industrial robots continues to pick up. In November 2019, manufacturing fixed asset investment increased by 2.5% year-on-year, and the growth
rate dropped 0.1 percentage points from the previous value. Manufacturing investment growth is still sluggish. Judging from the growth rate
of fixed asset investment in the three major fields of automobiles, 3C, and electrical machinery, which account for the highest proportion of downstream
applications of industrial robots, the cumulative year-on-year growth rates of investment in the automobile and electrical machinery manufacturing industries in
November were -0.4% and -6.8%. Both are in the bottoming
stage; the cumulative year-on-year growth rate of 3C manufacturing investment was 13.8%, an increase of 0.2 percentage points from the previous value,
and the 3C investment growth rate is on a continuous upward path.
The cumulative year-on-year decline in automobile sales has gradually narrowed, and the cumulative year-on-year decline in smartphone shipments has
stabilized. From January to November 2019, the cumulative sales of automobiles in my country were 23.11 million units, with a cumulative year-on-year growth
rate of -9.10%. The decline narrowed 0.6 percentage points compared with the previous ten months. The cumulative year-on-year decline in automobile sales has
narrowed for 6 consecutive months. It is expected that The cumulative year-on-year growth rate for the whole year was
around -8.0%. From January to November 2019, my country”s cumulative shipments of smartphones were 343 million units, with a cumulative year-on-year
growth rate of -3.8%. The decline in smartphone shipments has stabilized, with a significant improvement compared with the same period last year.
It is expected that cumulative shipments throughout the year will be year-on-year. The growth rate is around -3.5%. We believe that the negative growth in automobile
sales may continue to narrow next year, and the cumulative year-on-year growth rate of smartphone shipments is expected to turn positive. There is strong certainty
that the incremental automation demand in these two
downstream application areas of industrial robots will improve.
A few days ago, Yaskawa Electric President Hiroshi Ogasawara pointed out in an interview with Japanese media that China”s population has reached about
1.4 billion, and domestic demand will definitely grow no matter how the Sino-US trade friction develops. If investment recovers, it will be a short-term benefit to related
companies in corresponding fields.
Perspective of listed companies: The industry has hit the bottom, and the structural characteristics are significant
According to the China Merchants Bank Research Institute, 30 listed industrial robot companies were used as samples to calculate the overall
operating income, net profit attributable to parent companies, gross profit margin, net profit margin and operating net cash flow and other indicators
for the first three quarters of 2019, and found that the overall industry profitability The level has entered a downward channel since Q4 2018, and is
currently in the accelerating bottoming stage, which is cross-confirmed with macro data tracking. At the same time, its research found that for companies
with large customers in different downstream sub-fields
within the industry, their profit levels are significantly differentiated.
In 2019Q1-3, the overall industry revenue declined slightly year-on-year, and the negative growth in single-quarter revenue narrowed
significantly. The industry”s overall operating income reached a historical high of 54.298 billion yuan in 2018, but the operating income growth
rate fell from 33.53% in 2017 to 17.57%; in 2019 Q1-3, the industry”s overall operating income was 38.080 billion yuan, year-on-year It fell slightly
by 0.71%. On a quarterly basis, the single-quarter operating income growth center showed a downward trend, but the single-quarter operating income growth rate in 2019Q3
showed signs of narrowing year-on-year decline. Based on the return of industrial robot production in the past two months and the narrowing
of year-on-year declines in sales of automobiles and smartphones in downstream applications, China Merchants Bank Research Institute infers
that the annual industry revenue growth rate may reach single-digit growth.
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TRICONEX 4352 PLC Communication Module TRICON 4352A
TRICONEX 4351A Tricon Communication module TRICON 4351
TRICONEX 4400 Tricon Communication module TRICON 4400
TRICONEX 4508 Module V7 Highway Interface TRICON 4508
TRICONEX 4500 TRICONEX Module Network communication TRICON 4500
TRICONEX 4508 Module V7 Highway Interface TRICON 4508
TRICONEX 7200 module V7 Highway interface TRICON 7200
TRICONEX 4610 Module Network communication TRICON 4610
TRICONEX 8110 High Density Main Case TRICON 8110
TRICONEX 8111 High-density configuration Simple expansion chassis TRICON 8111
TRICONEX 8300 Console Power TRICON 8300A
TRICONEX 8310 Power module TRICON 8310
TRICONEX 8310 Power module TRICON 8310
TRICONEX 8311 Power high-density module TRICON 8311
TRICONEX 8312 Power module TRICON 8312
PM253V01 492943601 Advant controller AC250 processor | XIONGBA Industrial Control
PM810V2 3BSE013220R1 S800 processor | XIONGBA supply brand new
PM851K01 3BSE018168R1 processor unit | XIONGBA Industrial Control
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PM856K01 3BSE018104R1 Processor unit Processor unit | XIONGBA Industrial Control
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PM860 3BSE018110R1 Processor unit | XIONGBA Industrial Control
PM902F 3BDH001000R0005 CPU | XIONGBA supply brand new
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PM860K01 3BSE018100R1 processor unit | XIONGBA Industrial Control
PM645A 3BSE010536R1 Processor module | XIONGBA supply brand new
FM9925A-E HIEE45116R000 Circuit board module | XIONGBA Industrial Control
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PM640 3BSE010534R1 Processor module | XIONGBA Industrial Control
DATX130 3ASC25H214 Control board module | XIONGBA supply brand new
PM645C 3BSE010537R1 Processor module | XIONGBA Industrial Control
PM645B 3BSE010535R1 Processor module | XIONGBA Industrial Control
HWC-02B Communication input/Output module 3HNA024966-001/03 | XIONGBA supply brand new
DSAI130D 3BSE003127R1 Analog input board 16 channels | XIONGBA Industrial Control
UAC389AE02 HIEE300888R0002 Control board module | XIONGBA supply brand new
PM802F 3BDH000002R1 AC 800F Basic unit | XIONGBA Industrial Control
216VC62a HESG324442R112/F analog input pad | XIONGBA supply brand new
216AB61 HESG324013R100/H analog input board | XIONGBA Industrial Control
PP820 3BSE042243R1 Function Key panel | XIONGBA supply brand new
LDMUI-001 61320946C Control board module | XIONGBA Industrial Control
2301A 9907-014 Speed controller | XIONGBA supply brand new
VMIVME-4140 32 channel 12 bit analog output board | Supplied by XIONGBA
IC698CMX016-ED Control memory switch module | XIONGBA supply brand new
DS200SIOBH1ABA VME standard input/output card | Supplied by XIONGBA
IS420UCSBH1A Mark VIe controller | XIONGBA supply brand new
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