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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NI FP-TB-1 183893D-01
NI GPIB-140A 186135F-31
NI GPIB-140A 186135G-01
NI GPIB-140A 186135H-01L
NI GPIB-140A/2
NI NI-9505
NI PCI-5421
NI PCI-6224
NI PXI-1031
NI PXI-4071
NI PXI-4351 185450D-01
NI PXI-4461 186900T-11L
NI PXI-4462 188261H-11L
NI PXI-6527 185633D-01
NI PXI-6608 185745H-02
NI PXI-7340
NI PXI-8186
NI PXI-8423
NI PXI-8461
NI PXIE-8840QC
NI SBRIO-9607 783816-01
NI SCXI-1000
NI SCXI-1001
NI SCXI-1100
NI SCXI-1102B
NI SCXI-1104C
NI SCXI-1121
NI SCXI-1124
NI SCXI-1125
NI SCXI-1126
NI SCXI-1127
NI SCXI-1140
NI SCXI-1141
NI SCXI-1160
NI SCXI-1300
NI SCXI-1304
NI SCXI-1324
NI SCXI-1325
NI SCXI-1327
NI SCXI-1346
NI SCXI-1349
NI SCXI-1520
NI SCXI-1600
NI SH68-68-EP
140CPU53414BC SCHNEIDER
140CPU65150 SCHNEIDER
140CPU42402 SCHNEIDER
140CPU43412TSX SCHNEIDER
140CPU53414U SCHNEIDER
140CPU67861 SCHNEIDER
140CPU43412U SCHNEIDER
140CPU31110SV SCHNEIDER
140CPU31110 SCHNEIDER
140CPU53414A SCHNEIDER
140CPU53414B SCHNEIDER
140CPU67160S SCHNEIDER
140CPU53414 SCHNEIDER
140CPU21304 SCHNEIDER
140ACI04000 SCHNEIDER
140ACO02000 SCHNEIDER
140ACO13000 SCHNEIDER
140AVI03000 SCHNEIDER
140CHS11100 SCHNEIDER
140CPS11100 SCHNEIDER
SCHNEIDER 140CPS11410
140CPS11420 SCHNEIDER
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