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.
Display operation panel REF610
Display operation panel REF601 CE446BB1NH
Display operation panel REF601
Display operation panel REF543KM129AAAB
Display operation panel REF543KM127AAAA
Display operation panel REF543KB127AAAA
Display operation panel REF542PLUS 1VCR007346
Display operation panel REF542PLUS 1VCF752000
Display operation panel REF542plus
Display operation panel REF542PLUS
Display operation panel REF542PLUS
Display operation panel REF541KM118AAAA
Display operation panel REF541
Display operation panel RED615
Display operation panel REC670
Display operation panel REC650
Display operation panel RDCU-12C 3AUA0000036521
Display operation panel RDCU-02C
Display operation panel RDCU-02C
Display operation panel RDCU-02C
Display operation panel RDCO-03C
Display operation panel RDCO-01
Display operation panel RB520 3BSE003528R1
Display operation panel RB520
Display operation panel RB520
Display operation panel RAPI-01C 3AUA0000036340
Display operation panel RAPI-01C 3AUA0000036340
Display operation panel RAIO-01
Display operation panel R1.SW2/3
Display operation panel R1.SW2/3
Display operation panel R1.CAIR
Display operation panel R1.CAIR
Display operation panel QHMX325
Display operation panel QHMV306
Display operation panel QHMV303A
Display operation panel QHFT201
Display operation panel QHFT200F
Display operation panel QHFG207
Display operation panel QHFG205
Display operation panel QHFG-203
Display operation panel QHFC210
Display operation panel QHFB-210
Display operation panel QHFA-301
Display operation panel PXAH401
Display operation panel PXAH401
Display operation panel PU519 3BSE018681R1
Display operation panel PU519
Display operation panel PU518
Display operation panel PU517 3BSC980050R46
Display operation panel PU517
Display operation panel PU517
Display operation panel PU517
Display operation panel PU516A 3BSE032402R1
Display operation panel PU516 3BSE013064R1
Display operation panel PU516 3BSE013064R1
Display operation panel PU516 3BSE013064R1
Display operation panel PU516
Display operation panel PU516
Display operation panel PU516
Display operation panel PU515A 3BSE032401R1
Display operation panel PU515A
Display operation panel PU515A
Display operation panel PU515
Display operation panel PU514A
Display operation panel PU514A
Display operation panel PU514 3BSE013062R1
Display operation panel PU514
Display operation panel PU514
Display operation panel PU513v2 3BSE013034R1
Display operation panel PU513
Display operation panel PU512V2 3BUR001401R1
Display operation panel PU512v2
Reviews
There are no reviews yet.