From December 5th to 30th, Inovance Technology said in a survey that PLC, as the most important product in the company’s automation field, is expected to maintain rapid growth next year. At the same time, it is believed that the next 2-3 years will usher in domestic PLC acceleration of transformation. As for the elevator business, the company believes that due to the double impact of the epidemic and real estate this year, the business pressure is relatively high. Looking forward to next year, the policy will have a certain support for the elevator business next year, and the company itself is expected to achieve a certain growth, and the driving force for growth comes from the growth of overseas elevator business. In terms of Industrial robot business, the operating situation in 2022 is good, and sales orders have achieved more than 50% growth. Looking forward to 2023, the company expects that the Industrial Robot sector as a whole will grow faster than the industrial automation business.
According to Inovance Technology, the overall demand of the industrial control industry was good in the first half of this year, showing a trend of highs and lows throughout the year, and the trend of localization has further improved. In order to ensure the safety of the supply chain, more and more customers will choose competitive domestic suppliers. The company started from the early frequency converter products, to the later PLC+servo, and then to new products such as DDR/DDL motors and pneumatic products. The company has grasped the structural market conditions in industries such as lithium batteries, photovoltaics, wind power, semiconductors, and automotive equipment. In these industries, the company still maintains a rapid growth in sales of related products. In addition, the entry of mid-to-large PLC products with typical processes into mid-to-high-end applications in downstream fields such as photovoltaics, mobile phones, printing, and packaging has also brought new growth opportunities to the company.
As the most important product in the company’s automation field, PLC is expected to maintain rapid growth next year. At the same time, it is believed that the localization of PLC will accelerate in the next 2-3 years. From the industry perspective of PLC expansion, PLC has grown rapidly in fields such as photovoltaics, 3C, printing, and packaging, which are dominated by process characteristics. In the past, the company’s PLC products were weak, and the high-end application fields were dominated by foreign-funded brands. Now the company has made up for the shortcomings of PLC product performance. In the past year and a half, it has cut into mid-to-high-end industry application scenarios through PLC, and truly realized the comprehensive solution coverage of “PLC + servo + industrial robot + others (direct drive, bus, etc.)”. Thus bringing about the rapid growth of PLC.
As for the elevator business, due to the double impact of the epidemic and real estate this year, the business pressure is relatively high. Looking forward to next year, the country is currently gradually introducing financing loosening policies for the real estate industry. From the perspective of policy support, it will have certain support for the elevator business next year. Judging from the planning of the company’s elevator business department, the elevator industry is expected to recover from a decline to a flat situation next year. The company itself is expected to achieve a certain growth. The growth momentum comes from the growth of overseas elevator business; the overall solution for the sales of multinational companies Elevation; Digital solutions foster growth in the aftermarket. The company expects to hedge against the decline of the industry itself in these aspects and strive for a slight growth.
In terms of new energy vehicle business, 1) The number and quality of newly added designated sites this year are relatively good. From the perspective of customer coverage, target customer groups such as new forces, domestic traditional car companies, and overseas car companies are all involved. Especially in the field of domestic traditional A-class car companies and overseas car companies, the number of fixed-points has increased rapidly. In addition, from the point of view of fixed-point products, there are also diversification, including electronic control, assembly, power supply, motor and other products;
2) The company’s brand in the new energy vehicle industry has improved rapidly. Especially in overseas markets, the brand of United Power has been recognized by mainstream customers. This year, it has gained a number of new fixed points for overseas car company customers. 3) From the perspective of orders, the customer structure has been optimized, changing the past situation of relying on a single group of new power customers. This year, orders from traditional car companies such as GAC and Chery have begun to increase, forming a better support for income.
In terms of industrial robot business, the operating situation in 2022 is good, and sales orders have achieved more than 50% growth. From the perspective of the types of industrial Robots sold, although SCARA is still the main one at present, the products and applications of six-axis robots are also being vigorously expanded. The gross profit margin of the company’s industrial robots has remained relatively good, thanks to the high self-made rate of core components, industry collaboration, and the application and continuous optimization of downstream process points, the quality of the company’s industrial robots has been greatly improved. Generally speaking, although the scale of the company’s industrial robot business is relatively small at present, it will be a relatively good sub-business in the future, whether it is a single business development or collaborative development of other businesses of the company.
Looking forward to 2023, the company expects that the growth rate of the industrial robot sector as a whole will be faster than that of the industrial automation business. The reason is that the trend of machines replacing humans will become more and more obvious. In addition, with the reduction of the cost of industrial robots and the development of more flexible , intelligent, and its application field will be greatly broadened. In the long run, the company is still very optimistic about the development of industrial robots.
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