Recently, ABB, Siemens, Rockwell Automation, Huichuan Technology, Xinshida and other major enterprises have announced the first three quarters and the third quarter financial results. From the perspective of various financial reports, the industrial environment and automation market are still grim, and corporate revenue and profits are more or less affected, declining more than growing.

However, there are also companies that expect annual performance to improve and improve. At present, in the face of the oncoming wave of digitalization and intelligence, whether to explore innovation or go with the flow, enterprises are also constantly adjusting the development direction and thinking about this problem.

Here are the 12 companies that have reported earnings (in no particular order) :

ABB

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

ABB’s sales revenue and book-to-bill ratio remained flat in the third quarter. Sales revenue of $6.892 billion, order book decreased 1%, order backlog increased 3%; Operating margin before interest, tax and amortization was 11.7%, an increase of 20 basis points; Net income after tax from continuing operations of $422 million, down 1%; Net income was $515m, down 15%.

Tianyi, ABB’s chief financial officer, said: “Despite challenging market conditions in the robotics and discrete automation businesses, the Group’s electrical and motion control businesses delivered a solid performance. The revaluation of large projects in the industrial automation business had a negative impact.” ABB expects a small increase in sales revenue and an improved operating margin for the full year 2019.

GE

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

General Electric (GE) reported total revenue of $23.4 billion in the third quarter, compared with $29.573 billion in the same period last year. Net loss attributable to the Company’s common shareholders was $9,465 million, compared to a loss of $22.808 million in the same period last year. Power generation revenue of $3.93 billion in the third quarter decreased 32% year-over-year. Aviation segment revenue of $8.11 billion, an increase of 8.4%; Healthcare segment revenue of $4.92 billion; Renewable energy segment revenue of $4.43 billion, an increase of 54 percent.

Honeywell

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

Impacted by the business spin-off in 2018, Honeywell reported sales decreased 16% to $9.086 billion. Segment margin improved 180 basis points to 21.2%, exceeding 20% for the fourth consecutive quarter. Organic sales grew 3%, driven by the Aerospace, Process Control and Smart Buildings Group businesses. Operating income margin improved 370 basis points to 19.3%.

Among them, the aerospace group’s organic sales growth of 10% in the third quarter; The smart Building Group achieved a 3% organic growth in sales in the third quarter; The Characteristic Materials and Technology Group achieved organic sales growth of 3% in the third quarter; The Safety and Productivity Solutions Group saw an organic 8% decline in sales in the third quarter.

Rockwell Automation

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

Rockwell Automation announced its financial results at the end of July, and net profit attributable to common shareholders in the third quarter was $261 million, an increase of 31.62%. Revenue was $1.665 billion, down 1.98% year over year. Its net profit attributable to ordinary shareholders in the first three quarters of fiscal 2019 (cumulative) was 687 million US dollars, an increase of 262.34%; Revenue was $4.965 billion, up 0.57% year over year.

Siemens

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

New orders for the third quarter of 2019 (October 1, 2018 – September 30, 2019) were €24.5 billion, an increase of 8%, and revenues were €21.3 billion, an increase of 4%. The shipment ratio was 1.15, and the backlog of orders reached a record high of 144 billion euros.

Adjusted EBITDA for the physical segment decreased to 1.9 billion euros, mainly due to the negative impact of the results related to the Digital Industries Group and the Oil, Gas and Power Group. Due to the impact of severance expenses (0.3 percentage points), the adjusted EBITDA margin for the physical business was 9.6%. Net profit reached 1.1 billion euros, of which the results outside the physical business significantly improved compared to the same period last year.

TE Connectivity (Tyco Electronics)

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

Connector and sensor supplier TE Connectivity reported net sales of $3.4 billion in the third quarter. Cash flow from continuing operations was $692 million and free cash flow was $515 million. Cash flow from continuing operations for the fiscal year to date was $1.6 billion, up 14 percent from a year earlier. Free cash flow was $928 million, up 27% year over year. Orders totalled $3.3bn, down 12 per cent from a year earlier. Guided by the company’s long-term growth strategy, TE completed the acquisitions of Kissling Group and Alpha Technics during the quarter and announced its intention to acquire First Sensor AG.

Huichuan technology

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

Huichuan Technology achieved revenue of 2.189 billion yuan in the third quarter, an increase of 49.31%. The net profit returned to the mother was 247 million yuan, down 16.95% year-on-year. Huichuan Technology achieved operating income of about 4.908 billion yuan in the first three quarters, an increase of 24.61% over the same period of last year; The operating profit was about 732 million yuan, down 16.44% from the same period last year; Net profit was about 715 million yuan, down 14.01% from the same period last year; Net profit attributable to shareholders of listed companies was about 646 million yuan, down 18.65% from the same period last year.

Best has been included in the company’s consolidated statements since July 2019, and Best achieved sales revenue of approximately RMB 718 million in the third quarter of 2019.

Huazhong numerical control

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

The operating income of Huazhong Numerical Control in the third quarter was 171 million yuan, an increase of 23.13%. Net profit attributable to shareholders of listed companies -34.472 million yuan, down 238.56% year-on-year; Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses -42,545,100 yuan, down 24.46% year-on-year; In the first three quarters, Huazhong CNC achieved operating income of 547 million yuan, an increase of 16.23%; Net profit attributable to shareholders of listed companies – 42.2558 million yuan, an increase of 28.55%.

New Times

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

In the third quarter, the company’s operating income was 921 million yuan, and the net profit attributable to shareholders of listed companies was -13.12% over the same period last year. In the first three quarters, the operating income was 2.574 billion yuan, down 5.62% year-on-year, and the average operating income growth rate of individual stocks in the electrical equipment industry was 6.33%. The net profit attributable to the shareholders of listed companies was 560.30 million yuan, an increase of 7.67%, and the average net profit growth rate of the stocks in the electrical equipment industry has been disclosed for three quarters was 9.95%; The company’s earnings per share were 0.09 yuan. The company expects the full year results: net profit of 30 million to 80 million yuan, the same period of last year results: net profit of 266.688 million yuan.

According to the trend of the financial report, the operation of the new time has begun to improve, proving that the market of the product has begun to gradually pick up, but the profitability is still worrying, the gross profit margin of the product is relatively low, and I hope the domestic robot market will further expand and get out of the predicament.

Inwiton

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

In the third quarter, the operating income of Inwitten was 576 million yuan, a decrease of 4.11%. Net profit attributable to shareholders of listed companies – 28.55100 million yuan. From the beginning of 2019 to the end of the reporting period: operating income was 1.637 billion yuan, an increase of 0.10% over the same period of last year; The net profit attributable to shareholders of the listed company was -39.3940 million yuan.

Xinjie Electric

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

The operating income of Xinjie Electric in the first three quarters was 464 million yuan, an increase of 6.58% over the same period last year; Net profit attributable to shareholders of listed companies was 116 million, an increase of 10.27% over the same period last year. In the third quarter, the company achieved revenue of 159 million yuan, an increase of 3.34%, which was basically the same as the second quarter. Attributable net profit of 44 million, operating net cash flow of 41.53 million; In addition, 387 million yuan was invested in research and development in the first three quarters, an increase of 20.15% year-on-year.

Liangxin Electric

ABB, Siemens, GE, Huichuan Technology, Inwitten and other 12 industrial control automation enterprises reported financial results

In the first three quarters, the revenue of Liangxin Electrical Appliances reached 1.505 billion yuan, an increase of 22.75%. In the third quarter, the quarterly revenue of 560 million yuan, the quarterly revenue growth rate of 17.14%, 18.32% and 32.06%, the growth rate remained improved, and the acceleration in the third quarter was mainly due to the increase in the growth rate of the downstream revenue of communications.

In the first three quarters, net profit returned to mother and net profit withheld from non-returned to mother were 253 million yuan and 222 million yuan, up 15.14% and 18.10% year-on-year, and net profit returned to mother in Q3 was 98 million yuan, up 4.51% year-on-year, mainly due to the high base of Q3 last year and the large amount of government subsidies received in Q3 last year. In the first three quarters, net operating cash flow was 274 million yuan, an increase of 56.22%.