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Regular Report on Investment Strategy – Special Report on Intelligent Manufacturing: Looking at the Opportunities of Intelligent Manufacturing from the Industrial Robot Industry Chain

Intelligent manufacturing is the core of Made in China 2025,industryrobotIt is an important foundation for the take-off of intelligent manufacturing. Manufacturing is the main body of the national economy, the main battlefield of scientific and technological innovation, the foundation of a country and the foundation of a strong country. In the context of major adjustments in the global Industrial competition pattern and my country’s economic development entering a new normal, my country has promulgated the first ten-year program of the manufacturing power strategy “Made in China 2025”. Intelligent manufacturing is the core of Made in China 2025. The core position of intelligent manufacturing can be seen from the key breakthrough areas of “Made in China 2025”. Intelligent manufacturing is a progressive development from the end to the network, which can be subdivided into three directions: developing intelligent equipment and intelligent products, promoting intelligent production process and deepening the application of the internet in the field of manufacturing. Intelligent equipment and products are the end of intelligent manufacturing, and industrial Robots are an important foundation of intelligent manufacturing.
China is the country with the most development potential for industrial robots, but the competition is also becoming more and more intense. Industrial robots have been rapidly developed and applied in developed countries. Japan and Germany have leading advantages in the field of industrial robots by virtue of their first-mover advantages and technological accumulation. The four major families account for about 50% of the market share of industrial robots. The growth rate of demand for industrial robots in my country has been at a relatively high level for the past five years. In 2014, it became the world’s largest consumer market for industrial robots. We believe that the rise in labor costs in my country, the shortening of the cost recovery period of industrial robots, and the gap in the density of industrial robots will maintain the prosperity of industrial robots in my country, and China will also be the country with the most development potential for industrial robots. It is expected that China’s robot production capacity will double in the next few years, but competition will further intensify.
In the industrial Robot Industry chain, the import of upstream core components has severely restricted the development of my country’s industrial robots. Local enterprises that break through the production of core components have the basis for large-scale industrialization and have advantages in competition. The upper, middle and lower reaches of the industrial chain of industrial robots are components, ontology and integration. Most of our enterprises focus on the integration end, and undertake low-value-added tasks such as system secondary development, customized components and after-sales service. This is because the import of core components, especially the RV reducer, raises the cost of my country’s industrial robots, which seriously restricts the development of my country’s Industrial Robot industry. Industrial Robot Parts urgently need a breakthrough in localization, and it is a breakthrough in mass production, otherwise it will be meaningless. Only domestic robot companies with the capabilities of Robot Parts development, ontology manufacturing and system integration have the basis for large-scale industrialization and can take an advantage in the next competition.
Focus on key companies: We have sorted out the new third board companies in the upper, middle and lower reaches of intelligent manufacturing industrial robots according to the industrial chain. Among them, we focus on upstream companies Huaheng Co., Ltd., Beichao Servo, Lechuang Technology, midstream companies Ford Co., Ltd., and downstream companies Bronte , Wodi equipment, Jiangsu Beiren.

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