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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81003-438-51-R A-B Rectifier bridge interface board
RELIANCE 0-57100 Bus adapter
RELIANCE 0-54341-21 Dc governor I/O plate
RELIANCE 0-52712 800756-21B output frequency module card
RELIANCE 0-56942-1-CA Control system
1336-BDB-SP53C A-B PLC controller
3BHE009017R0102 ABB DI/DO control card
TRICONEX 3623T DCS controller module
LDSYN-101 3BHE005555R0101 ABB DCS card module
Agilent E1413C 64 channel scanning ADC
1756-IB16I AB Input module
SPAU140C ABB Synchronous check relay
CMA123 ABB Communication board
Alcatel-Lucent VSM-CCA Digital output board
LAM 810-066590-004 Driver interface board
810-801237-021 LAM Power connection board
KJ3002X1-BC1 12P0681X092 Emerson 8-channel module
KJ3001X1-CA1 Delta V DI Contact Card
SIGMATEK DDM163 Power converter
MIC+340/D/TC MICROSONIC micro sensor
LAM 810-001489-016 Digital input module
810-046015-010 LAM PLC system control system board card
LAM 810-068158-014 Analog output module
810-102361-222 LAM High frequency PCB board
LAM 810-800081-022 Board PC PCB card
PSR25-600-70 11КВТ ABB soft starter
E1421B HP Signal generator
KJ3001X1-CB1 DeltaV 32 channel module
MCU24.2 German EMG Input/output module
KJ3222X1-BA1 DeltaV™ Analog Input Card
IC200BEM003 GE VersaMax controller
3500/42M-01-00 BENTLY Seismic monitor
REOTRON 567LH-DP24 Driver module
REXA SMB9215-1E-1-7725 controller
Vibro-meter VM600 ABE040 System rack
Vibro-meter VM600 CMC16 Condition Monitoring Card
TRICONEX EMPII3005 TRICONEX PROCESSOR MODULE 3005
TRICONEX 3806E TRICONEX MODULE 3805E
TRICONEX 3721 TRICONEX MODULE
TRICONEX 3008 TRICONEX PROCESSOR MODULE ASSEMBLY MAIN PROC 860 16MEG
TRICONEX 3805H TRICONEX OUPUT MODULE 4-20MA ANALOGUE OUTPUT
TRICONEX 3511 TRICONEX INPUT MODULE PULSE
TRICONEX 3625 TRICONEX OUTPUT MODULE DIGITAL 24VDC 32POINT TMR ISOLATED
TRICONEX 3003-EMPII TRICONEX PROCESSOR MODULE V7 EMPII
TRICONEX 3750 TRICONEX PROCESSOR MODULE ENHANCED
TRICONEX 3611E TRICONEX MODULE DIGITAL OUTPUT 115VAC 8POINT
TRICONEX 3003 TRICONEX INPUT MODULE V7 EMP II 1MB
TRICONEX 3504E TRICONEX INPUT MODULE
TRICONEX 3624E TRICONEX MODULE
TRICONEX 3701 TRICONEX ANALOG INPUT MODULE TRICON V10.5
TRICONEX EICM4107 TRICONEX COMMUNICATION MODULE
TRICONEX 42003 TRICONEX FIBER OPTIC
TRICONEX 8112 TRICONEX EXPANSION CARD
TRICONEX 8110 TRICONEX CHASSIS HIGH DENSITY MAIN 10AMP 120VDC
TRICONEX 4507 TRICONEX MODULE V7 HIGHWAY INTERFACE
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