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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HE700GEN100C GE Control interface module
HVC-02B 3HNA024966-00103 ABB Robot accessories
IC698CPE040-FJ GE Central Processing Unit
IS200JPDDG1AAA GE printed board
IS200VCMIH2BEE GE printed circuit board
IS200VTCCH1CBB GE Mark VI printed circuit board
IS220PSVOH1B GE I/O Pack, Servo Control Pack
IS230TDBTH6A GE Mark VI printed circuit board
LT9673a HESG446076R1 ABB PCB digital output unit
MC-PDIY22 HONEYWELL Digital Input 24 Vdc Processor
MS-NAE5510-3 Johnson Controller module
PFTL101A0.5KN ABB tension pick up
PM01 PM01-A-V001 SIS Bit-chip microprocessor
PM866AK01 ABB Processor unit
RLM01 ABB Redundant link module
SD802F ABB AC 800F controller
SD-108542 SD-108542-M2 GE integrated circuit board
T8110C ICS TRIPLEX Trusted TMR Processor
T8160 ICS TRIPLEX Trusted TMR Regent Interfac
UFC762AE101 3BHE006412R0101 ABB PLC Controller Module
VMIVME3122 GE VMEbus analog input/output
140CPU65160 Schneider Modicon Unity Processor
Z7306 HIMA Shunt adapter
140CPU67260 Schneider Unity hot standby processor
9907-167 WOODWARD Digital Governor
DSDP150 57160001-GF ABB Pulse encoder input unit
IS200STAOH2AAA GE Analog Output
MRP768176 IS200TDBTH6ABC GE Printed circuit board assembly
SLS1508 KJ2201X1-BA1 12P3162X112 Controller module
ICS TRIPLEX T9110 Processor Module
UFC760BE1142 3BHE0Q4573R1142 ABB control panel
UNITROL 1020 ABB 1000 series voltage regulator
UNITROL 1010 ABB Indirect Excitation System
KSD211B101 ABB Input coupling unit
KSD211B ABB Input coupling unit
CI871 3BSE092693R1 ABB AC 800M communication interface
ATCS-15 SCHUMACHER temperature control system
EMERSON A6370D monitor unit
A4H124-24FX Enterasys Ethernet edge switch
0745648E 0745745Q ABB Control substrate
3500/53M Electronic Overspeed Detection System
05701-A0550 HONEYWELL Communication control card
4351B TRICONEX Communication Modules
1394-SJT05-C-RL A-B Servo controller
1394C-SJT22-A A-B Servo controller
5AP920.1505-01 B&R Analog resistive touch screen
XV9738a HEIE450617R1 ABB Programmable control card
VT-HNC100-1-23W-08-P-0 Rexroth Programmable numerical control controller
UTNH23A TOSHIBA Shared fiber hub unit
T8480C ICS TRIPLEX Trusted TMR Analogue Output Module
SCXI-1104C NI SCXI voltage input module
5SHX1060H0003 ABB IGCT module
T8461 ICS TRIPLEX Digital Output Module
PM802F ABB AC 800F Controller module
MVI56E-SIE PROSOFT Ethernet Communication Module
MVI56E-MNET PROSOFT Enhanced network interface module
LYA010A HITACHI Processor Module
KCP2 00-130-547 KUKA Robot teaching device
IS420UCSBH4A GE Mark VIe controller
IS220PTURH1A GE Turbine input/output module
IS215UCVEH2AE GE VME controller card
IC698CMX016-ED GE Control memory exchange module
IC697CPM790 GE GMR Redundancy CPU, 486, 2K Triplex (voted) I/O
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