Following the cooperation between Shanghai Electromechanical (600835) and Nabo, the world's leading gear reducer, Qinchuan Development (000837) recently planned to invest 194 million yuan in industrial robot joint reducer technical transformation project.
The two companies will also face the difficulties of the current domestic speed reducer technology level. If the industrialization is successful, it will bring strong profitability to the company.
Robot project is profitable
Recently, the robot industry has reached consensus on several national conferences, and according to the prediction of the International Robot Federation, China will become the world's largest consumer of industrial robots by 2014. It is estimated that by 2015, the demand for the Chinese robot market will reach 35,000 units, accounting for 16.9% of the global total.
The huge market has triggered the pursuit of the capital market for listed companies in the robot industry, including the stock price of Shanghai Electromechanical and Qinchuan Development. Among them, Qinchuan Development expects to plan to produce 180,000 sets of robot joint reducers, including 90,000 sets in the first phase, with an investment of 194 million yuan. It is estimated that the new sales revenue will reach 650 million yuan in 2015, and the total profit will reach 182 million yuan. . This means that the company can recover its investment in two years, and the profit rate reaches 28%, showing the industry's strong profitability.
Shanghai Electromechanical's controlling shareholder, Electric Group, has long been involved in the robotics industry. The Shanghai FANUC robot, jointly established by the Electric Group and the international robot giant hair, has achieved domestic sales of 2 billion yuan in 2012, about 4,000 units. Sales leader.
In April of this year, Shanghai Electromechanical Co., Ltd. invested 20 million yuan in the Nabo Transmission, the controller behind it is the global leader in the field of precision reducer Japan Nabo, Japan Nabo precision reducer global market share is 60% For more than 20 years, it has remained the world's number one.
After the capital increase is completed, Shanghai Electromechanical Co., Ltd. holds 51% of the shares, and Nabo of Japan accounts for 49% of the shares. In addition to agency sales, the company will gradually build a research and development production base in Shanghai in the later stage, laying the foundation for future R&D, assembly, production, manufacturing and service of precision reducers and related products in China.
Core components need to be localized
According to reports, the core components of industrial robots include robot body, reducer, servo system and control system. From the perspective of cost structure, the four parts account for 22%, 24%, 36% and 12% respectively.
According to relevant persons from Qinchuan Development, in terms of hardware such as reducer and servo motor, there is a big gap between Chinese enterprises and international giants. Although there are servo motor technologies in China, industrialization capabilities are not good, and gearboxes are almost not industrialized. .
At present, the 75% precision reducer market is monopolized by two Japanese manufacturers. Both international mainstream manufacturers and domestic manufacturers use these two products. RV reducer has not yet mature products in China. Although the harmonic reducer has domestic production of Suzhou Green and Zhongji Kemei, the input speed and transmission accuracy are still far from the imported products, and it is still far away from large-scale marketization.
"For the Chinese robot industry, the biggest dilemma at this stage is that the key components of the robot have not been fully autonomous," said Li Qian, deputy general manager of Suzhou Green.
According to industry sources, the purchase price of a four international giants of precision reducers is 30,000 yuan to 50,000 yuan, which is about 70,000 yuan for customers with good domestic relations and about 120,000 yuan for ordinary customers. The cost of a precision reducer is more than double that of the international giants, and it can be seen how much the profit difference is between them.
Hongyuan Securities analyst Zhao Wei believes that the localization of robot core components is imminent. Once the core components are all localized, domestic brands can open the gap in pricing. If the key components such as reducer, servo motor and controller are localized, assuming a 30% reduction in the average cost, the robot's stand-alone manufacturing cost can be reduced by at least 20%.
Nantong Tobel Intelligent Controlling Equipment CO;LTD , https://www.tobel-tech.com