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.

Company advantage service:
1.Has been engaged in industrial control industry for a long time, with a large number of inventories.
2.Industry leading, price advantage, quality assurance
3.Diversified models and products, and all kinds of rare and discontinued products
4.15 days free replacement for quality problems

All kinds of module card driver controller servo motor servo motor embedded card wires and cables Power module control module is applicable to steel, hydropower, nuclear power, power generation, glass factory, tire factory, rubber, thermal power, paper making, shipping, navigation, etc

ABB — AC 800M controller, Bailey, PM866 controller, IGCT silicon controlled 5SHY 3BHB01 3BHE00 3HNA00 DSQC series
BENTLY — 3500 system/proximitor, front and rear card, sensor, probe, cable 3500/20 3500/61 3500/05-01-02-00-001 3500/40M 176449-01 3500/22M 138607-01
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NI — SCXI-1100 PCI – PXIE – PCIE – SBRIO – CFP-AO-210 USB-6525 Information Acquisition Card, PXI Module, Card
Westinghouse — RTD thermal resistance input module, AI/AO/DI/DO module, power module, control module, base module
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YOKOGAWA – Servo module, control cabinet node unit

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P0940GS Module base supply

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