Description
hardware flow control. It is an ideal choice in the field of industrial automation.
After experiencing a sharp decline in December 2017, industrial capacity utilization began to show signs of stabilizing. According to empirical data, the industrial
capacity utilization rate is slightly ahead of the profit performance of industrial enterprises. At the same time, the profitability of industrial enterprises is probably
1-2 quarters ahead of the capital expenditure of industrial enterprises. Therefore, the utilization rate of industrial capacity is an important leading indicator that needs
to be paid attention to. It is important to a certain extent. To a certain extent, it indicates the future profit and capital expenditure trends of industrial enterprises.
In 2019Q3, the industrial capacity utilization rate reached 76.4%, which was the same as in 2019Q2. The gradual stabilization of the industrial capacity utilization
rate indicates that the profitability of industrial enterprises is expected to stabilize in the future, and industrial enterprises may usher in a new round of capital expenditure cycle in 2020.
Fixed asset investment in the manufacturing industry continues to bottom out, and the growth rate of fixed asset investment in the 3C field in the downstream
applications of industrial robots continues to pick up. In November 2019, manufacturing fixed asset investment increased by 2.5% year-on-year, and the growth
rate dropped 0.1 percentage points from the previous value. Manufacturing investment growth is still sluggish. Judging from the growth rate
of fixed asset investment in the three major fields of automobiles, 3C, and electrical machinery, which account for the highest proportion of downstream
applications of industrial robots, the cumulative year-on-year growth rates of investment in the automobile and electrical machinery manufacturing industries in
November were -0.4% and -6.8%. Both are in the bottoming
stage; the cumulative year-on-year growth rate of 3C manufacturing investment was 13.8%, an increase of 0.2 percentage points from the previous value,
and the 3C investment growth rate is on a continuous upward path.
The cumulative year-on-year decline in automobile sales has gradually narrowed, and the cumulative year-on-year decline in smartphone shipments has
stabilized. From January to November 2019, the cumulative sales of automobiles in my country were 23.11 million units, with a cumulative year-on-year growth
rate of -9.10%. The decline narrowed 0.6 percentage points compared with the previous ten months. The cumulative year-on-year decline in automobile sales has
narrowed for 6 consecutive months. It is expected that The cumulative year-on-year growth rate for the whole year was
around -8.0%. From January to November 2019, my country”s cumulative shipments of smartphones were 343 million units, with a cumulative year-on-year
growth rate of -3.8%. The decline in smartphone shipments has stabilized, with a significant improvement compared with the same period last year.
It is expected that cumulative shipments throughout the year will be year-on-year. The growth rate is around -3.5%. We believe that the negative growth in automobile
sales may continue to narrow next year, and the cumulative year-on-year growth rate of smartphone shipments is expected to turn positive. There is strong certainty
that the incremental automation demand in these two
downstream application areas of industrial robots will improve.
A few days ago, Yaskawa Electric President Hiroshi Ogasawara pointed out in an interview with Japanese media that China”s population has reached about
1.4 billion, and domestic demand will definitely grow no matter how the Sino-US trade friction develops. If investment recovers, it will be a short-term benefit to related
companies in corresponding fields.
Perspective of listed companies: The industry has hit the bottom, and the structural characteristics are significant
According to the China Merchants Bank Research Institute, 30 listed industrial robot companies were used as samples to calculate the overall
operating income, net profit attributable to parent companies, gross profit margin, net profit margin and operating net cash flow and other indicators
for the first three quarters of 2019, and found that the overall industry profitability The level has entered a downward channel since Q4 2018, and is
currently in the accelerating bottoming stage, which is cross-confirmed with macro data tracking. At the same time, its research found that for companies
with large customers in different downstream sub-fields
within the industry, their profit levels are significantly differentiated.
In 2019Q1-3, the overall industry revenue declined slightly year-on-year, and the negative growth in single-quarter revenue narrowed
significantly. The industry”s overall operating income reached a historical high of 54.298 billion yuan in 2018, but the operating income growth
rate fell from 33.53% in 2017 to 17.57%; in 2019 Q1-3, the industry”s overall operating income was 38.080 billion yuan, year-on-year It fell slightly
by 0.71%. On a quarterly basis, the single-quarter operating income growth center showed a downward trend, but the single-quarter operating income growth rate in 2019Q3
showed signs of narrowing year-on-year decline. Based on the return of industrial robot production in the past two months and the narrowing
of year-on-year declines in sales of automobiles and smartphones in downstream applications, China Merchants Bank Research Institute infers
that the annual industry revenue growth rate may reach single-digit growth.
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ABB MPRC086444-005 W/DIRECT FBR OPT
ABB Advant Controller Module 07KT98 H4 GJR5253100R3262
CVMI2B ABB UFC911B106 3BHE037864R0106
ABB 5SHX1445H0001 3BHL000391P0101 3BHB003230R0101 5SXE05-0152
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WINGREEN LAIB V3.0_A00 034STN1-01-300-RS
ABB 3BHL000986P7001 LWN1902-6E POWER SUPPLY
WINGREEN FPB_V3.0_A01 03ZSTJ1-00-301-RS Single layer circuit board
WINGREEN ATKB_V5.0_A01 03ZSTI4-00-501 PCB board
WINGREEN ATKB_V5.0_A01 03ZSTI4-01-501 Printed circuit board
WINGREEN DSPB_V4.0_A02 03ZSTI7-00-402-RS
GE IS215UCVEH2AB VMIVME-7614-132 Mark VI controller
GE IS215UCVEH2AE VMIVME-017614-132 Mark VI Speedtronic control system
GE IS220PDOAH1A 3364940CSP2 Mark VIe module
GE IS220PDIAH1A 336A4940CSP1 I/O packs
GE IS220PAICH2A 336A4940CSP11 Mark VIe Control
Vibro-meter VM600 200-510-041-021 200-510-111-021 MPC4
Vibro-meter VM600 200-560-000-114 200-560-101-018 IOC4T
Vibro-meter VM600 RPS6U 200-582-500-013
PM3398B-6P-1-3P-E 80026-172-23 PIONEER MAGNETICS drive
LWN1601-6ERK2 Bell Power Supply 250W 24V DIN rail
LWN1601-6ERG Bell AC/DC Converter 24.7V 250W
LWN1240-6EM1 Bell DIN Rail 230W 25.68V Battery Charger
LWN1801-6EM1 Bell Power Supply 250W 48V DIN Rail
LWN1601-6EK2 Bell Power Supply 250W 24V DIN Rail
LWN1740-6EM1 Bell DIN Rail 230W 51.36V Battery Charger
LWN1140-6EM1 Bell DIN Rail 194W 13.8V Battery charger
LWN1701-6EM1 Bell AC/DC converter
LWN1601-6ER Bell AC/DC converter
LWN1801-6EG Bell AC/DC Converter 49.4V 250W
LWN1701-6EG Bell AC/DC Converter 37V 250W
LWN1702-6E Bell AC/DC converter
LWN1801-6E Bell AC/DC converter 49.4V 250W
LWN1902-6E Bell AC/DC converter
Bell LWN1902-6E AC/DC converter LWN 1902-6E
ABB LWN1601-6E AC/DC converter 24.7V 250W
ABB LWN1701-6E AC/DC converter 37V 250W LWN 1701-6E
ABB LWN1301-6E AC/DC Converter 12.35V 250W LWN 1301-6E
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