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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PDP403 METSO Distributed cell
PCI-6251 NI Multifunctional I/O module
PCI-5421 NI Arbitrary waveform generator
P0916AW FOXBORO Compression component
PCD7.D160+PCD2.M110D162 SAIA Controller module
P0916AG FOXBORO Compression component
NW-BM85-000 Schneider Bridge type multiplexer
NTAC-02 ABB Pulse encoder interface module
NDBU-95C 64008366 ABB Branch off unit
MVI69E-MBTCP PROSOFT TCP/IP enhanced communication module
MSK101D-0200-NN-M1-AG2-NNNN REXROTH MSK synchronous motor
MSK076C-0450-NN-M1-UG1-NNNN Rexroth MSK synchronous motor
MSK050C-0300-NN-M1-UG1-NNNN REXROTH MSK synchronous motor
MC-4/11/03/400 ELAU servo drive
IS200EGDMH1AFF GE 12-channel, 13-bit voltage analog output module
IEPAS02 ABB Power module
ICSI16E1 ABB binary input unit
HPC800K02 ABB HPC800 Controller Kit
HED8OH-1050K14AS Rexroth Pressure relay
UAC389AE02 HIEE300888R0002 ABB Circuit board module
HD22005-3 EMERSON Charging module
HA-SC23 MITSUBISHI Servo motor
GDD471A001 2UBA002322R0001 ABB Circuit board module
FBM242 FOXBORO 16-channel discrete output (external power supply) interface component
FBM241C FOXBORO 8 channel contact input, 8 channel discrete output
FBM204 FOXBORO Dc analog input channel
EPL10200-W LENZE diode isolation
EMC400-EPWS EtherWAN Media converter
EHDB280 ABB contactor
EGCP-3-8406-113 Woodward Engine generator control package
E69F-T-I2-JRS FOXBORO Field-installed current-pneumatic signal converter
DSQC639 ABB Main computer
DRIVER-AZD-KD AlphaStep AZ series closed-loop driver
DC10-12P0-0000 ABB Power switch device controller
CP-A-RU ABB CP power unit decoupling
CDP312R ABB keyboard
CP-9200SHSVA YASKAWA output relay
AL8XGTE-3 OKOS two channel A/D board
APBU-44C ABB Branch unit suite APBU-44C 4X
3171197-4 B&w Man-machine interface panel
PILZ 301120 PILZ safe bus module
5136-PFB SST Profibus communication adapter module
3096-1000 APPLIED MATERIALS Radiation meter
810-073479-215 LAM Circuit board module
369-HI-R-M-0-0-0-0 GE Motor management digital relay
0190-24007 AMAT Semiconductor board card
81EU01E-E ABB I/O communication modules
6SM37L-4.000 KOLLMORGEN servo motor
5SHX1445H0001 3BHL00391P0101 ABB IGCT module
8V1090.00-2 B&R ACOPOS servo drive
4PP220.0571-R5 B&R Power panel PP220 5.7-inch QVGA color LCD display
DSQC652 3HAC025917-001 ABB I/O Units
3HAC025338-006 ABB Main servo drive unit
UDC920AE01 3BHE034863R0001 ABB Power module
RUSB-02 3AUA0000040000 ABB Laptop connection kit
2MLL-EFMTB-CC Honeywell Fast Ethernet module
1X00797H01L EMERSON Power module
1X00781H01L EMERSON Power module
USB-6525 NI Digital input/output device
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