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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3500/20-02-02-00 | Frame interface module | BENTLY NEVADA
3500/20-01-01-00 | Frame interface module |BENTLY NEVADA
3500/15-02-02-00 | Power module | BENTLY NEVADA
3500/05-02-04-00-00-00 | Instrument frame |BENTLY NEVADA
3500/05-01-02-00-01 | Instrument frame | BENTLY NEVADA
3500/05-01-02-00-00-00 | Instrument frame |BENTLY NEVADA
3500/05-01-01-00-00-00 |Feeder protection relay | BENTLY NEVADA
3300/55-03-01-15-15-00-00-01-00 | Robot power panel |BENTLY NEVADA
3300/52-02-00-00 | System monitor | BENTLY NEVADA
3300/50-01-01-00-00 | System monitor |BENTLY NEVADA
3300/48-04-02-00-00 | Analog output module | BENTLY NEVADA
3300/47-01-04-01-00 | Temperature input module |BENTLY NEVADA
3300/46-04-02-01-00 | Armored eddy current probe |BENTLY NEVADA
3300/45-01-01-01-00| DCS/ distributed control system |BENTLY NEVADA
3300/40-12-01-01-00-00 | Mainboard of the I/O module |BENTLY NEVADA
3300/35-12-02-01-00-02 | Controller module |BENTLY NEVADA
3300/20-12-01-03-00 | Control system I/O module |BENTLY NEVADA
3300/16-13-01-00-00-00-00 | PLC module |BENTLY NEVADA
3300/20-12-01-00-00-00 |Monitoring module |BENTLY NEVADA
3300/16-13-01-00-00-00-00 | Power module |BENTLY NEVADA |Brand new
3300/16-12-01-01-00-00-02 | Dual channel vibration monitor |BENTLY NEVADA
3300/16-12-01-01-00-00-01 | Dual channel vibration monitor |BENTLY NEVADA |Brand new
3300/16-12-01-01-00-00-00 | Network interface module |BENTLY NEVADA |Brand new
3300/16-11-01-03-00-00-01 | Vibration monitor |BENTLY NEVADA | In stock
3300/14-01-02-00 | Analog input module |BENTLY NEVADA |Brand new
3300/12-03-20-00 | Processor module |BENTLY NEVADA | In stock
3300/12-02-22-01 | Power monitoring module |BENTLY NEVADA |Adequate stock
3300/12-01-20-00 | Dual channel vibration monitor |BENTLY NEVADA | In stock
3300/05-22-00-00 | Monitoring module |BENTLY NEVADA |Adequate stock
3300/03-03-00 | Monitoring module |BENTLY NEVADA | In stock
3300/03-02-01 | Monitoring module |BENTLY NEVADA |Brand new
3300/03-01-00| Monitoring module |BENTLY NEVADA | In stock
3500/44 | Aero-engine monitor |BENTLY NEVADA |Brand new
3500/65 | 16 channel temperature module |BENTLY NEVADA | In stock
3500/62 | Procedure variable monitor module |BENTLY NEVADA |Off the shelf, brand new
3500/64M | Dynamic pressure monitor |BENTLY NEVADA |Off the shelf, brand new
3500/61 |Temperature monitor module |BENTLY NEVADA |Off the shelf, brand new
3500/34 | TMR relay module |BENTLY NEVADA |Off the shelf, brand new
3500/95 |System integrated PC display device |BENTLY NEVADA |Off the shelf, brand new
3500/94 |VGA display unit |BENTLY NEVADA |Off the shelf, brand new
3500/93 |LCD display unit |BENTLY NEVADA |Off the shelf, brand new
3500/63 |Gas monitor |BENTLY NEVADA |Off the shelf, brand new
3500/72M |Piston rod position monitor |BENTLY NEVADA
3500/70M |Monitor module |BENTLY NEVADA
TK-3E/TK3-2E |calibrator |BENTLY NEVADA
3500/42M-01-00 BENTLY Seismic monitor
3500/32 125712-01 Bently Nevada 4-channel relay module
330180-X1-CN Bently Nevada Front sensor
330100-90-01 Bently Nevada Preprocessor system
330100-90-00 Bently Nevada 3300 Preprocessor sensor
330703-000-070-10-02-05 Bently Nevada 11mm probe
330106-05-30-10-02-00 Bently Nevada 3300 XL 8 mm reverse mount probe
330104-00-05-10-02-CN Bently Nevada 3300 XL 8mm access probe
330103-00-04-10-02-00 Bently Nevada 3300 XL 8mm access probe
24765-02-00 Bently Nevada Enclosure Expansion Sensor Assembly
9200-06-02-10-00 Bently Nevada Dual wire sensor
3500/25 149369-01 Bently Nevada Enhanced Keyphasor module
190065A-01-01-01-00-00 Bently Nevada Universal equipment monitor
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