The concept of robotics is strong, domestic robots may meet rapid expansion

Boosted by favorable policies, robot concept 26 strong, face recognition, industry 4.0, industrial interconnection, artificial intelligence and other related concepts present a rising trend, most of the relevant stocks higher. A number of brokerage firms optimistic about China’s industrial robot development space, that the domestic robot is expected to achieve rapid expansion of the scale.

Flush iFind data show that on the 26th, 167 robot concept shares in 102 shares price rise, including, Ruiqi shares rose 11.99%, Coface rose to stop, race for intelligence, ThaiLin biological, such as industrial days of industrial 20 shares rose more than 5%. And in 88 industrial robot concept stocks, more than two-thirds of the shares higher.

National Development and Reform Commission, Ministry of Science and Technology, Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Human Resources and Social Security, the People’s Bank of China and other six departments jointly issued on the 23rd “on supporting private enterprises to accelerate the reform and development and transformation and upgrading of the implementation of the views”. The opinion proposed the implementation of robotics and intelligent equipment promotion plan.

The market generally believes that, as the most representative equipment in the field of intelligent manufacturing, China’s industrial robots have a huge space for development.

According to the National Bureau of Statistics, the production of industrial robots in September 2020 was 23,194 units, up 51.4% year-on-year; from January to September this year, the production of industrial robots was 160,715 units, up 18.2% year-on-year. The International Federation of Robotics (IFR), on the other hand, recently released a report showing that Asia remains the strongest market for industrial robots, with the region’s largest robot user, China, growing its hourly operating inventory by 21% to reach about 783,000 units in 2019.

Huachuang Securities pointed out that the upgrade of the manufacturing industry is the only way to achieve Made in China, and the root of the manufacturing upgrade is the popularity of automation, the basic link of automation is the enhancement of robot penetration, so “machines for people” in the manufacturing process is unstoppable. In the context of the accelerating aging of the population and labor costs, technological advances and localization breakthroughs to promote the robot price steady decline, “machine-to-human” cost-effective advantage is increasingly prominent.

With the recovery of the industrial robotics industry, the domestic robot is expected to achieve rapid expansion of the scale.

Shanghai securities analysis, macro and micro both show that the industrial robot industry is on the way to recovery, future sales are expected to continue high growth. From the macroeconomic data, the manufacturing industry recovery continues; meso point of view, to industrial robots downstream of the two largest industries automotive and 3C industry observation, the automotive industry to continue the recovery trend, passenger car sales have been recovered for many months; 2020 1 to September 3C industry fixed asset investment growth of 11.7% year-on-year, continue to maintain a high level. At the micro level, equipment used for value-added industrial processing have all grown recently, with injection moulding machines, machine tools, industrial robots and lasers all growing by more than 30%.

Cinda Securities also said that compared with countries such as Singapore, South Korea, Japan and Germany, China’s industrial robot density has a very large room for improvement. At present, China, as the first country to recover from the epidemic, is taking manufacturing orders transferred from other parts of the world, further promoting the development of China’s manufacturing industry, thus driving the demand for domestic industrial robots. In the fourth quarter and next year, China’s industrial robot sales are expected to maintain rapid growth.

Guoyuan Securities said that in recent years, high-quality domestic robot manufacturers began to rise, the share is gradually increasing, the replacement process is accelerating, is expected to take advantage of the industry east wind, to achieve further expansion of the market scale.

Ping An Securities believes that since the second quarter of 2020, the demand for domestic automation equipment is still recovering and better than the same period in 2019. In the short term, the improvement in demand can continue at least until the first quarter of 2021; in the long term, industrial robots, as the most representative equipment in the field of intelligent manufacturing, will remain a growth momentum, full of investment opportunities in the industry.