Description
hardware flow control. It is an ideal choice in the field of industrial automation.
The growth rate of the industry”s overall net profit attributable to parent companies continues to decline, and the phenomenon of increasing industry revenue without
increasing profits is obvious. In 2018, the industry as a whole achieved a net profit attributable to the parent company of 3.250 billion yuan, with a year-on-year growth
rate of -26.42%. Although the overall revenue growth rate was positive in 2018, in the context of the fierce price war in the industry, increasing revenue
does not increase profits. The phenomenon is very significant. In 2019Q1-3, the industry as a whole achieved net profit attributable to the parent company of 1.888
billion yuan, a year-on-year growth rate of -43.63%, and the growth rate of net profit attributable to the parent company continued to decline. Judging from the net profit
attributable to the
parent company of the industry in a single quarter, dragged down by the poor performance of New Star, the net profit attributable to the parent company of the industry
in the single quarter of 2018 Q4 suffered a loss of 98 million yuan. The net profit performance of the industry attributable to the parent company has continued to be
sluggish since 2019. . It is expected that the decline in the industry”s net profit attributable to the parent company for the whole year will narrow compared with the first three quarters, and the
overall profitability will hit a historical bottom.
The industry”s overall gross profit margin and net profit margin have continued to decline since 2017, and changes in gross profit margin and net profit margin in a
single quarter are negatively correlated or related to the pace of corporate expense control. In 2019Q1-3, the overall gross profit margin of the industry was 28.68%,
and the net profit margin was 5.54%. It has continued to decline since reaching a historical high in 2017,
and the decline curve has gradually flattened. It is expected that the overall gross profit margin decline is expected to stabilize in 2020, and the net profit margin may be
Ushering in upward repair. Judging from the changes in the industry”s overall gross profit margin and net profit margin in a single quarter, the two show a certain negative
correlation. This may be due to the company”s reduction in gross profit margin due to fierce price wars or falling sales volume caused by the industry downturn. It is related to its
own period expenses
. On the contrary, when the gross profit margin rebounds, the company”s period expenses will increase to a certain extent.
The industry”s overall operating cash flow has significant seasonal characteristics, and most sales collections are concentrated in Q4, which leads to an improvement
in overall cash flow. In 2019Q1-3, the industry”s overall operating net cash flow was 580 million yuan, accounting for 1.52% of operating income. There is a big gap between
this value and the whole year in previous years. Through the analysis of single-quarter data, it is found that the industry generally has negative operating net cash flow in the
first quarter, and there will be a substantial inflow of operating net cash
flow in the fourth quarter, thus driving the overall industry. Cash flow improved. China Merchants Bank Research Institute believes that this is mainly related to the industry”s
payment methods. Most companies in the industry will advance capital investment after receiving orders at the beginning of the year, resulting in greater cash flow outflow. As
the project settlement is gradually accepted and completed at the end of the year, payment collections are concentrated in the year. Tail release.
5. A drop in short-term prosperity will not change the long-term growth trend
In 2018, global industrial robot sales reached 422,000 units, a year-on-year increase of 11.05%. IFR predicts that the sales growth rate in 2019 will reach -0.24%. In
2018, the total sales of industrial robots in my country was approximately 154,000 units, accounting for 36.49% of global sales. It is still the largest industrial robot market in the world.
In 2018, the sales of industrial robots in my country reached US$5.4 billion, an increase of 21% over 2017. The decrease in sales volume but the increase in sales
indicate that the average value of each industrial robot used in my country is increasing, and the products are gradually moving from low-end to mid-to-high-end. . From the
perspective of industrial robot density, Singapore reached 831 units/ten thousand people in 2018, the highest in the world, followed by South Korea
(774 units) and Germany (338 units). my country”s industrial robot density was 140 units/ten thousand people, higher than the world”s Average for each region (99 units).
Compared with Singapore, South Korea, Germany and other developed countries in manufacturing automation, my country”s industrial robot sales still have a lot of
room for improvement, and the long-term growth trend of the industry is clear. Through the overall third quarter report data of listed companies, we found that the overall industry
revenue in 2019Q1-3 declined slightly year-on-year, and the negative growth in single-quarter revenue narrowed significantly; the growth rate of the industry’s net profit attributable to
parent companies continued to decline, and the industry’s increase in revenue did not increase profits. The industry as a whole Operating
cash flow has significant seasonal characteristics, and most
sales collections are concentrated in Q4, which leads to an improvement in overall cash flow. Based on the previous macro data, it is believed that the fundamentals
of the industry have hit the bottom, and the industry has structural differentiation characteristics. Looking forward to 2020, the negative impact of declining automobile sales on the
demand for industrial robots will gradually weaken. The 3C field may contribute to the main increase in demand for industrial robots, and an industry turning point may be coming.
https://www.xmamazon.com
https://www.xmamazon.com
https://www.plcdcs.com/
www.module-plc.com/
https://www.ymgk.com
330500-00-02 Bently Nevada piezoelectric speed sensor
330130-085-02-05 Bently Nevada 3300 XL Extension Cable
330161-02-85-05-94-01-02 Bently Nevada Single triaxial high voltage feedthrough of 3300 system
133292-01 Bently Nevada Low Voltage DC Power Module
3500/15-07-00-00 Bently Nevada 3500/15 Power Module
176449-08 Bently Nevada Rod position monitor
128229-01 Bently Nevada Seismic I/O Module
3500/15-02-02-01 Bently Nevada power module
MS-NAE5510-3 ABB Network Automation Engine Controller
1900-65A-01-01-01-01-01 Bently Nevada Universal Device Monitor
1900/65A-01-01-03-00-00 Bently Nevada Universal Device Monitor
21504-00-28-10-02 Bently Nevada 5mm / 8mm series proximity sensor system
990-05-50-01-00 Bently Nevada Two-Wire Vibration Transmitte
24765-01-01 Bently Nevada Shell Expansion Sensor Assembly
3300/03-01-01 Bently Nevada 3300/03 System Monitor
3300/14-02-20-00 Bently Nevada Dual Thrust Position Monitor
3300/14-02-20-00 Bently Nevada DC power supply
H4136 HIMA H 4136 Relay amplifier in a terminal case
H4116 HIMA H 4116 Relay in terminal block case
H4122 HIMA H 4122 Relay in terminal block case
H7506 HIMA H 7506 Bus terminal
H7506 HIMA H 7506 Bus terminal
H7505 HIMA H 7505 Multifunctional interface converter
F8628X HIMA F 8628X communication module
F8628 HIMA F 8628 Ethernet communication
F8627X HIMA F 8627X ethernet module
F8627 HIMA F 8627 communication module
F8621A HIMA F 8621A Coprocessor module
F7131 HIMA F 7131 Power supply module
F7130A HIMA F 7130A Power supply monitoring with buffer batteries
F7126 HIMA F 7126 Power supply module
F7133 HIMA F 7133 Power distribution module
F6706 HIMA F 6706 2-fold Converter digital/analog
F6705 HIMA F 6705 2-fold Converter digital/analog
F6217 HIMA F 6217 8 fold analog input module
F6221 HIMA F 6221 Analog Input Module
F6220 HIMA F 6220 8 fold thermocouple input module
F6217 HIMA F 6217 8 fold analog input module
F6215 HIMA F 6215 analog input module
F6216 HIMA F 6216 8 fold analog input module
F6213 HIMA F 6213 4x analog input module
F6214 HIMA F 6214 4x analog input module
F3349 HIMA F 3349 digital output module
F3348 HIMA F 3348 digital output module
F3335 HIMA F 3335 digital output module
F3334 HIMA F 3334 4-channel output module
F3333 HIMA F 3333 4 fold output module
F3331 HIMA F 3331 8 fold output module
F3330 HIMA F 3330 8-channel output module
F3322 HIMA F 3322 16 fold output module
F5220 HIMA F 5220 2 fold counter module
F3248 HIMA F 3248 16-fold input module
F3240 HIMA F 32404 16-fold input module
F3237 HIMA F 3237 16-fold input module
F3224 A HIMA F3224A 4 16-fold input module
F3223 HIMA F 3223 4 fold input module
F3222 HIMA F 3222 digital input module
F3221 HIMA F 3221 16-fold input module
Reviews
There are no reviews yet.