Domestic robot industry profit growth of 30% comes from subsidies.

category:Internet
 Domestic robot industry profit growth of 30% comes from subsidies.


[due to the technical gap between the core parts of the reducer and servo machine, the domestic manufacturers tend to be very dependent on the international manufacturers, and the purchase premium is very serious, which directly bound the further breakthrough of the industrial robot industry in China. At present, the main problems of industrial robot productivity are structural problems, lack of high-end capability, low-level repetitive construction in low-end areas, and blind development. Chinas economy is entering a new phase of the switching of new and old kinetic energy. Chinas manufacturing industry, once attached to low profit label, has provided a huge market space for domestic robot enterprises in the process of transformation and upgrading. China has become the fastest growing country in terms of industrial robot density. In the latest data statistics of the International Federation of robots (IFR), Chinas industrial robot density is ranked twenty-third in the world, and the government has also been supported by policy to build China as the top ten of the worlds automation before 2020. Dependence on government subsidies 2017 annual report data show that the SIASUN robot, Elton, new time, tusta, Huazhong CNC and other domestic leading robot enterprises respectively realized operating income of 2 billion 456 million yuan, 1 billion 79 million yuan, 3 billion 414 million yuan, 764 million yuan and 985 million yuan. Among them, SIASUN robot has the highest net profit, reaching 448 million yuan, with a net profit margin of 18.24%. Then, new time, tustda, all broken billion yuan; the fastest growth in net profit growth of central China numerical control, up to 146.80%, followed by the newly listed a year of tusta, the growth rate of 78.15%. However, at present, domestic listed companies rely heavily on government subsidies. China Merchants Securities statistics show that in 2016, government subsidies for SIASUN robots, Elton, tusta and four listed companies in new times accounted for up to 30% of the net profit. First financial reporter noted that although most of the robot enterprises in 2017 have achieved rapid growth, part of the profits of enterprises are basically from government subsidies. Under the guidance of national policies, local governments are enthusiastic, and their development goals have already surpassed the planning objectives of the national level. From the state to the local, the robot industry cater to the future economic goals, which is obviously one of the reasons why the robot enterprises get huge subsidies from the government. Taking Guangdong as an example, Foshan City, Guangdong, has made a subsidy of 500 thousand yuan by the established robot noumenon, and subsidized 300 thousand yuan for the integrated cultivation of the robot system, and a backbone enterprise that breaks through the robots main technology bottleneck, the maximum subsidy of 8 million yuan per year. The investment of robots in Dongguan accounts for more than 50% of the total investment of the project. The maximum subsidy for a single project is as high as 6 million yuan. The data of the Ministry of industry and credit statistics show that there are over 800 enterprises involved in robot production in China, of which more than 200 are robot noumenon manufacturing enterprises, most of which are based on assembly and processing, at the low end of industrial chain, low concentration of industry and small overall scale. The survival of these companies is largely related to various industrial parks and various forms of government subsidies that the government is keen to establish. Price advantage no longer narrow profit These robot companies not only push up the bubble of the whole industry, but also lower the profit rate of the whole industry, and then form a vicious circle of bad money to expel good money. In the view of SIASUN robot President Qu Daokui, although the industry is hot, the domestic robot enterprises still have a long way to go. He told first financial reporters that Chinas huge market did not give birth to Chinas own robot companies that could compete with the four big families in the field of industrial robots (the family of Na, Anchuan, ABB and KUKA). At present, the SIASUN robot with the largest domestic industrial robot revenue is only 2 billion 456 million yuan in revenue in 2017, and it is converted to US $386 million in dollars. In contrast, the four big families in the smallest revenue of KUKA in 2017, the robot sector revenue also reached $1 billion 200 million. Fanuc combined net profit in 2017 has reached 10 billion 500 million yuan. The first financial reporter noted that because the high-end market is slow to break through, the domestic robot industry has a more obvious trend is that the profit of domestic robot enterprises is narrowing. The reasons for this, according to the reporters, after the interview, this is mainly because the previous domestic robot enterprises rely on the price advantage to occupy the low end of the industry chain is quietly changing. At the same time that the core technology has not caught up with the four families, the cost of rapid decline in robot manufacturing is threatening the foothold of the Chinese robot enterprises. It is understood that the average sale price of industrial robots in 10 years ago is about 500 thousand. Now the price of the four family robots at the price of four is 150 thousand to 200 thousand yuan. The price of the home-made robots, such as Eft and Elton, is slightly lower than four big families, and the sale price of the pure domestic robot terminal of the economy type is about 80 thousand yuan. Insiders told the first financial reporter that the average price of industrial robots will be reduced to less than 50 thousand yuan in the future with the localization of parts such as gear reducers. First financial reporter noted that the domestic robot enterprises emphasize their own advantages more from the perspective of cost performance. Zhang Jing, the president of the Mechanical Research Institute of double ring transmission, told the first financial reporter that the price of the reducer produced by the institute could reduce by 20% to 30% compared to the foreign import, considering the cost of import tariff, transportation and production. It is obvious that most of the domestic robot enterprises are still based on assembly and processing, and the market is opened by cost performance rather than core technology, and it is in the lower end of the industrial chain. 2017-2022 years of China robot industry development situation and investment decision analysis report shows that although the revenue and net profit growth momentum of our robot industry is obvious, the gross interest rate and net interest rate have low trend in recent years. Gross margin declined from 40.89% to 34.53% between 2010 and 2016, while the gross profit margin in the first three quarters of 2017 was 31.65%. The decline in net interest rate is more obvious. The net interest rate in the first three quarters of 2017 was only 12.34%, whereas the net interest rate in 2010 was 23.24%. Zou Tao, vice president of sales of KUKA industrial Leias (Kunshan) Co., Ltd., told the first financial reporter that because of the technical gap in the core parts of the reducer and servo machine, the domestic manufacturers often have high dependence on the international manufacturers, and the purchase premium is very serious, which directly bound the Chinese industrial robot. Further breakthroughs in the industry. The Research Report of CICC believes that the main problems of industrial robot productivity are structural problems, low end ability, low level low level construction and blind development. Wang Ruixiang, President of the China Machinery Industry Federation, told the first financial reporter that it should be soberly aware that the infrastructure of the robot industry in China is still relatively weak, especially the weak independent innovation ability and the lack of core technology, which has become the bottleneck of the development of the robot industry in China. Source: first financial responsibility editor: Bai Xin _NT4464 Zou Tao, vice president of sales of KUKA industrial Leias (Kunshan) Co., Ltd., told the first financial reporter that because of the technical gap in the core parts of the reducer and servo machine, the domestic manufacturers often have high dependence on the international manufacturers, and the purchase premium is very serious, which directly bound the Chinese industrial robot. Further breakthroughs in the industry. The Research Report of CICC believes that the main problems of industrial robot productivity are structural problems, low end ability, low level low level construction and blind development. Wang Ruixiang, President of the China Machinery Industry Federation, told the first financial reporter that it should be soberly aware that the infrastructure of the robot industry in China is still relatively weak, especially the weak independent innovation ability and the lack of core technology, which has become the bottleneck of the development of the robot industry in China.