With the acceleration of the transformation and upgrading of the domestic manufacturing industry, the manufacturing industry is gradually developing from a labor-intensive industry in the past to a technology-intensive industry, and the demand for industrial automation is accelerating. Domestic industrial automation enterprises actively layout research and development of new energy and other high-boom manufacturing industry products, the market penetration of new products is expected to gradually increase, and the scale effect is increasing.

Due to the domestic macroeconomic downturn in the first half of this year, coupled with the impact of the domestic epidemic, the revenue of industrial control enterprises has also been affected by a lot, the revenue growth rate is generally not high, some enterprises even declined, but basically are profitable, the future development potential is optimistic. Such as Huichuan technology, Hechuan technology, Lei sai intelligent, Xinjie Electric, Wei Chuang Electric and so on. The following is the market performance of these domestic industrial automation companies in the first half of 2022.

Huichuan technology: keep leading

According to Rui Industry statistics, in the first half of 2022, the overall market size of industrial automation reached 157.4 billion yuan, an increase of 2.9%. Among them, the project market outperformed the OEM market, with a year-on-year growth of 5.5%. From the product point of view, the low-voltage inverter market size of about 16.1 billion yuan, an increase of 2.5%; The size of the general servo market was about 12.3 billion yuan, which remained flat year-on-year; PLC market size of about 8.1 billion yuan, an increase of 6%.

In the first half of the year, Huichuan Technology achieved an operating income of 10.397 billion yuan, an increase of 26% over the same period last year; Achieved an operating profit of 2.036 billion yuan, an increase of 15% over the same period last year; Net profit attributable to shareholders of listed companies was 1.975 billion yuan, an increase of 26% over the same period last year; The gross profit margin of its products was 36.37%; The company’s basic earnings per share were $0.75, up 23% from the same period last year.

Hechuan Technology: Revenue increased 26%, gross margin decreased

Hechuan Technology can provide from the core components, machine automation to the digital factory overall solution, product matrix has achieved the field of industrial automation control drive implementation sensor mechatronics coverage, and in recent years along the industrial chain upstream and downstream continue to extend, involved in the upstream industrial control chips, sensors and downstream high-end precision CNC machine tools and other fields. The company has successfully competed with foreign brands in some high-end industrial automation core components.

The company’s performance in the first half of this year is relatively stable, in the first half of 2022, the company achieved operating income of 466,821 million yuan, an increase of 26.37% over the same period last year; The growth of the Company’s operating income mainly came from the growth of the company’s main business income, the company’s main business income of 454,657,200 yuan, the proportion of main business income is 97.39%. Gross margin was 32.5%, down from 39% in the same period last year.

Ray Sai Intelligence: revenue increased net profit decreased

In the first half of 2022, Leisai achieved operating income of 673 million yuan, an increase of 4.58%, and net profit attributable to common shareholders of listed companies was 113 million yuan, a decrease of 14.68%. Among them: servo system sales revenue increased by 9.58%, stepping system sales revenue increased by 4.78%; The sales revenue of control technology products increased by 5.51% year-on-year.

The company analyzed that the company’s operating performance from January to June 2022 was less than expected due to the following factors: First, the industry boom from the second half of last year fell more than expected; Second, the closure of production in Shanghai, Shenzhen and other places caused by the novel coronavirus epidemic has a greater impact on the operation of the company and Shanghai molecular companies; Third, the vigorous promotion of management reform within the company has also had a certain impact on short-term operating performance.

Sunjet Electric: Improved financial position

Xinjie Electric specializes in the development, production and sales of industrial automation control products. The main product types and features include: (1) Electrical control system in industrial intelligent control system, mainly including programmable controller (PLC), drive system (servo driver, servo motor, stepper driver, inverter), human-machine interface (HMI), intelligent equipment, etc.; (2) Integrated application of electrical control, providing “overall industrial control automation solution” for customers in the field of factory automation (FA). The main customers are distributed in textile and garment, printing and packaging, home building materials, food and beverage, automobile and new energy, machine tools, information technology, warehousing and logistics and other industries.

In the first half of 2022, Xinjie Electric achieved operating income of 678 million yuan, an increase of 6.88%, and net profit attributable to common shareholders of listed companies was 136 million yuan, a decrease of 12.7%. Its product gross margin was 37.56%, down from 40.84% in the same period last year.

Vitron Electric: Both revenue and net profit growth

Since its establishment, Weichang Electric has been focusing on the field of electric drive and industrial control, the company’s main business is the development, production and sales of inverter, servo system and motion controller products. In the first half of 2022, the company achieved operating income of 440 million yuan, an increase of 6.26%. Net profit attributable to shareholders of listed companies was 78,809,500 yuan, an increase of 19.16% over the same period last year. During the reporting period, the company’s general inverter products increased by 17.47% over the same period of last year, the servo system increased by 15.92% over the same period of last year, and the control system products increased by 283.66% over the same period of last year. Gross margin was 34.1%, unchanged from the same period last year. Basic earnings per share of 0.44 yuan.

In the future, Vitron Electric will further expand the production capacity of inverter, servo system and motion control products, and for PLC, human-machine interface (HMI), machine vision, Internet of Things, sensors and other new products research and development design and production.

With the continuous R&D investment of domestic industrial automation enterprises, domestic enterprises will gradually narrow the gap with foreign brands, in addition to the development opportunities brought by the upgrading of domestic manufacturing machine tools, electronic manufacturing equipment, textile machinery, medical equipment and other fields, domestic brands will accelerate the replacement of foreign brands, and market share will continue to expand.