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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CP405 A0 1SAP500405R0001 ABB
ABB DSPC-170 57310001-GL (DSPC170)
57310001-ML Main control CPU module ABB
DSPC172 Main control CPU module ABB
DSPC172 57310001-ML ABB
DSPC172H 57310001-MP/2 ABB
57310001-MP/2 Main control CPU module ABB
DSPC172H Main control CPU module ABB
3BSE005461R1 modular ABB
DSPC174 modular ABB
DSPC174 3BSE005461R1 ABB
DSPC406 modular ABB
57310303-F/3 spare part ABB
DSPC454 spare part ABB
DSPC454 57310303-F/3 ABB
3BHB003149P104 GVC707AE01 ABB
3BHB003149P201 GVC707AE01 ABB
3BHB003154R0101 GVC707AE01 ABB
3BHB003149P104 IGCT module ABB
3BHB003149P201 IGCT module ABB
GVC707AE01 IGCT module ABB
3BHB003154R0101 IGCT module ABB
3BHB003688R0101 Control circuit board
3BHB003689 IGCT module ABB
3BHB003152P104 GVC700AE01 ABB
3BHB003152P201 GVC700AE01 ABB
3BHB004027R0101 GVC700AE01 ABB
3BHB003152P104 IGCT moduleABB
3BHB003152P201 IGCT moduleABB
GVC700AE01 IGCT moduleABB
3BHB004027R0101 IGCT moduleABB
CVC750AE101 IGCT moduleABB
3BHB005171R0101 IGCT moduleABB
3BHB005171R0101 CVC750AE101 ABB
3BHE024747R0101 Control circuit boardABB
3BHE027632R0101 Control circuit boardABB
GVC736CE101 IGCT module ABB
3BHE039203R0101 IGCT module ABB
3BHL000986P0006 IGCT module ABB
3BHE039203R0101 GVC736CE101 ABB
3BHE035301R1002 controller ABB
UNS0121A-Z,V1 controller ABB
ABB UNITROL 1010
UNITROL 1010 3BHE035301R1002
UNITROL 1010 UNS0121A-Z,V1
UNITROL 1010 UNS0121A-Z,V1/3BHE035301R1002
UNITROL 1020 3BHE030579R0003
UNITROL 1020 UNS0119A-Z,V1 ABB
3BHE030579R0003 controller ABB
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