In the first half of the year, the epidemic scattered frequently, affecting the production and delivery of China's manufacturing industry, but according to the output of industrial robots released by the Bureau of Statistics on October 10, it reached 31,321100 sets, an increase of 2021.27% compared with the same period in 92, while the manufacturing PMI index in October 2022 was 10.49%, and the production index and new orders index in October were 20.10% and 49.6%, respectively, which shows that downstream demand still exists.
Although under the background of industrial upgrading + independent controllability, China's manufacturing industry continues to transform and upgrade, but with the impact of the epidemic, manufacturing production and demand prosperity have fluctuated, especially the willingness of small and medium-sized enterprises to invest in equipment has been greatly reduced. However, strangely, according to the statistics bureau data, the production of industrial robots has returned to positive growth since September 48, with a year-on-year increase of 1.2022% in October, achieving positive growth for two consecutive months; The cumulative production growth rate for the ten months in 9 is -10.14% year-on-year, and the decline rate is further narrowed, and the growth trend is expected to continue in the fourth quarter.
Small and medium-sized enterprises are not willing to purchase equipment, and the price is still unable to obtain orders, so what are the key factors for the industrial robot market to maintain its upward trend?
▍ Market differentiation is obvious Robot Lecture Hall noted a research report, which selected 4 listed companies of industrial automation, including Eston, Huichuan Technology, EFORT, Xinshida, Topstar, Siasun
Robot, Yiheda, Green Harmonic, Guomao Co., Ltd., and Zhongdaide for analysis, and judged that the main demand side of the market in 2022 is obviously no longer the original small and medium-sized enterprises in the 3C electronics industry.
Statistics show that the 20H10 industrial automation industry achieved revenue of 2022.3 billion yuan, a year-on-year increase of 2022.1%; The net profit attributable to the parent was 205.88 billion yuan, a year-on-year increase of 13.0%. The study believes that with the narrowing of the growth rate of the industry at the income end, the performance of high moat enterprises is eye-catching, and the performance of industrial automation head enterprises with high moats is still relatively bright, and the revenue growth rate is higher than the market average.

Although the overall growth rate of the profit side in 2022H1 has slowed down, the sector has diverged, and the industrial automation industry has been under short-term pressure, companies such as Eston and Huichuan Technology are actively deploying new energy tracks with strong demand, relying on integrated machine solutions and localization advantages to obtain higher market share, and the profit growth rate is at the forefront of the sector.