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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UFC789AE101 FSCD-BOARD,COATED
PD D163 A03 Current Transducer Control Board ABB PDD163A03
UU D148 AE02 Current Transducer Control Board ABB
UU D148 AE01 Voltage Transducer Control Board
PD D163 A03 INTBOARD MAIN MOD
UD C920 AE ASE2 (ANTI SATURATION) ABB
UA D149 A00-0-11 AC 800PEC Combi IO
XVC904A101 ADAPTER PECINT
XDC903A101 AMC33-DONGLE PCB ABB
GV C736 BE101 Gate Unit 91mm ABB
KV C757 A124 IPS SINGLE VOLTAGE 24V ABB
KV C757 A127 SINGLE VOLTAGE27V
UB C717 BE101 OVVP-Board Coated ABB
KV C758 A124 VOLTAGE SUBPRINT ABB
GV C713 A101 Gate Unit 51mm ABB
GF D233 A 3BHE022294R0103 ABB PEC80 LIN
Controller Board AC 800PEC PP D113 B03-20-110110 ABB
AC 800PEC Controller Board PP D113 B03-23-110110
ABB Controller Board AC 800PEC PP D113 B03-24-110110
PP D113 B03-25-110110 AC 800PEC Controller Board
PP D113 B03-26-110110 Controller Board AC 800PEC ABB
PP D113 B13-23-661711 ABB Controller Board AC 800PEC
5SHY 3545L0014 GCT MODULE 4500V, 91MM ABB
GD C801 A101 Rigi Crowbar Drive PCB Var
UD C920 AE ANTI SATURATION ABB
GD C806 A01 Gate Driver ABB
GD C806A Gate Driver HA C807A ABB GDC806A0101
DD C779 CE102 RETRO- PINT (ACS) 3BHE027859R0102 ABB
XV C772 A102 HVD- BOARD VARNISHED ABB
XV C772 A101 HVD- BOARD VARNISHED ABB
GC C960 C101 PCB VARNISHED ABB
GC C960 C102 PHASE INTERFACE BOARD ABB GCC960C102
GC C960 C103 ABB PHASE INTERFACE BOARD
UD C920 BE101 ASE2B WITH HOUSIN UDC920BE101
UFD402A101 Controller module ABB
GV C736 CE101 ABB GATE DRIVER BOARD GVC736CE101
PP D513 A24-110110 ABB AC 800PEC Controller
UF C092 BE01 HIEE300910R0001 Binary Input
UF C719 AE01 3BHB003041R0001
UF C718 AE01 HIEE300936R0001 MAIN CIRCUIT INTE INT
UF C921 A101 3BHE024855R0101 INT-2 Board Varnished
UF C719 AE 3BHB003041R0101 I/O CONTROL BOARD IOEC
UF C721 BE101 3BHE021889R0101 ADCVI-Board Coat
UFC911B106 3BHE037864R0106 ABB
UF C760 BE43 3BHE004573R0043 ABB MAIN CIRC. INTER.
U FC760 BE42 3BHE004573R0042 ABB CONVERTER CONTROL
UFC762AE101 3BHE006412R0101 ABB CVMI
PP C381 CE01 ABB CONVERTER CONTROL PPC381CE01
3BHE007599R0101 ABB CONVERTER CONTROL
UA A326 AE04 ABB UAA326AE04 HIEE300024R0004 Input Output Unit
PP B022 CE ABB PPB022CE HIEE300550R1 PSR CONTROLLER
UPC090AE01 HIEE300661R0001 ABB FIELDBUS COUPL
PP B022 DE01 ABB PPB022DE01 PSR CONTROLLER
LD MUB-01 ABB LDMUB-01 UNIT BOARD
UB C717 AE01 ABB UBC717AE01 OVERVOLTAGE MEASU OVVP
UNS 0017A-P ABB UNS0017A-P HIEE305106R0001 FIRING UNIT
LD CCB-01 ABB LDCCB-01 ONVERTER CONTROL BOARD
PP C380 AE01 ABB PPC380AE01
PP C902 AE01 ABB PPC902AE01 processor fieldbus
PP C322 AE ABB PC BOARD PPC322 AE
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