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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MTL838C MTL instrument analog transmitter
810-099175-011 LAM Interface board module
DSQC346G 3HAB8101-706B drive unit
5PC810. SX05-00 APC810 system unit
XV 430-12TSB-1-10 EATON 12.1″, TFT color
XV440-10TVB-X-13-1 EATON 10.4 “, TFT color
XV 430-10TVB-1-10 EATON 10.4 inches
XV442-57CQB-X-13-1 ESTON 5.7 inches
XV 432-57CQB-1-10 ESTON 5.7-inch touch screen
XV-440-12TVB-1-50 EATON
XV 440-12TSB-1-10 ESTON Touch panel
XV-440-12TVB-1-50 EATON Man-machine interface
XV 440-12TSB-X-13-1 ESTON 12.1″, TFT Color, i/r, Ethernet, USB, RS232, CANopen
XV442-57CQB-1-10 EATON 5.7 inch, Color, i/r, Ethernet, USB, RS232, CANopen
VE3008 CE3008 KJ2005X1-MQ1 12P6381X042 MQ Controller
05074-A-0122 05704-A-0121 05704-A-0131 honeywell Quad Relay Interface Card
136294-01 BENTLY 3500/62 I/O Module
P0926PA FOXBORO FBM224, FBM230, and FBM231 terminals
VBX01TA ABB Bus Extender
F3430 HIMA Input/output module
P0916FK FOXBORO cable
140471-01 3500/42M I/O Module
F3430 HIMA Relay module F 3430
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LENZE EPL10200-W includes EPZ-10203 CANPT010W3E
UNS0119A-Z,V1 3BHE030579R0001 Automatic voltage regulator
UNITROL 1020 3BHE030579R0003 Indirect Excitation System
UNS0119A-Z,V1 3BHE030579R0001 Automatic voltage regulator
LAIB V3.0_A00 034STN1-01-300-RS
LAIB V3.0_A00 034STN1-00-300-RS
ATKB_V5.0_A01 03ZSTI4-01-501
ATKB_V5.0_A01 03ZSTI4-00-501
FPB_V3.0_A01 03ZSTJ1-00-301-RS
DSPB_V4.0_A02 03ZSTI7-00-402-RS
PUIM V2.0 034STM4-00-200-RS
DUDT_DETECTION_V2.0_A01 03ZSTJ0-00-201-RS
IPB PCB V2.0_A01 03ZSTL6-00-201-RS printed circuit board
IPB PCB V2.0_A01 03ZSTL6-00-201-RS printed circuit board
149992-01 BENTLY 3500/33 calories Relay Output Module
IS220PVIBH1A 336A4940CSP16 GE Vibration Monitor Pack
RH916XZ foxboro FBM247 Fieldbus module
IS420UCSCH2A-C-V0.1-A Four core controller GE
5SHY3545L0010 3BHB013088R0001 3BHE009681R0101 GVC750BE101
FROSOFT MVI56E-MNETXT Enhanced communication module
REXROTH HDS02.2-W040N-HS12-01-FW Servo controller
DEUBLIN 904-120-188
810-234640-312 LAM Printed circuit board
SAIA 52030C10 PCD2.W200 Analog input module
VM600 XIO16T 620-002-000-113 620-003-111-112 VM600 XIO16T
200-595-031-111 VM600 CPUM modular CPU card
VM600 MPC4 200-510-071-113 200-510-111-034 machinery protection module
VM600 XMV16 600-003 620-001-001-116 condition monitoring module for vibration
VM600 IOC4T 200-560-000-018 200-560-101-015 voltage-drop adaptor
VM600 XIO16T 620-002-000-113 620-003-111-112 extended condition monitoring modules
NI-9853 C series CAN interface module
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