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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RS-FS-9001 362A1052P104 Flame detector
1769-L23E-QB1B CompactLogix 5370 L2 package controller
1747-ACNR15 SLC 500 I/O adapter module
1756-PA72 ControlLogix Standard power supply
1756-PA75 Power module
086349-002 Controller card module
086349-002 Controller card module ABB
086329-004 Frame module
1C31124G01 Analog Volume input card
CDIO 16/16-0,5-1131 BERGHOF servo drive
1768-L43 CompactLogix series industrial controller
TC-PRR021 Redundant module
TC-4000-P-PB-ES power driver
SAN4-40M DDK servo drive supporting controller
SR1030B62 YOKOGAWA AC servo motor DD motor
DR1030B60 YOKOGAWA Yokogawa AC servo motor
6410-009-N-N-N pulse encoder
IC200CHS022 Input/output carrier module
IC695PSA040J Power module
UP55A-020-11-00 Program controller
IC200PWR002 Power supply miniature
CE4003S2B9 16-channel dual-wire AI terminal board
VE4035S2B1 Redundant analog output card
3500/53-03-00 3500/53 Electronic speed detection system
FDPI-02 3AUA0000108650 Panel Bus adapter
IC695PSD040F Power module
RDCO-04C 68882915 DCS communication adapter
DI581-S 1SAP284000R0001 Digital input module
DX581-S 1SAP284100R0001 Digital input/Output module
TU582-S 1SAP281200R0001 I/O terminal device
TU516 1SAP212000R0001 I/O terminal Unit
DO524 1SAP240700R0001 Digital output module
HDS04.2-W200N-HT01-01-FW Drive controller
HDS04.2-W200N-HS32-01-FW Drive controller
HDS05.2-W300N-HT46-01-FW Drive controller
140NOC78000 Ethernet DIO network module
WS-C2960X-48TS-LL Ethernet switch
1756-OF6CI isolation analog output module
1783-ETAP Embedded switch
R88D-KT10F servo driver Omron
MPL-B890C-MJ74AA high quality permanent magnet rotating servo motor
2198-D032-ERS3 dual-axis Kinetix servo drive
1769-IF4XOF2 analog input/output combination module
1769-OF8V analog output module
AAI141-h00/K4A00 AAI141 Analog input module
330103-00-04-10-02-05 3300 XL 8mm short range probe
2093-AC05-MP5 Integrated shaft module
2198-D012-ERS3 dual-axis inverter
1756-OF8A analog output module
1756-IF8A Analog input module
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