1794-OF4I 140CPU43412A 你值得拥有!!!
我们从毛利率的角度考察产业链各个环节的盈利水平,并选取了代表性企业(http://www.maoyihang.com/company/)作对比。
核心零部件减速器的代表生产企业包括纳博特斯克、哈默纳科和住友,全产业链的代表生产企业包括**机器人四大家族,即ABB、发那科、安川和库卡;本体+集成模式:EPSON、ADEPT;本体:川崎重工、现代重工;系统集成的代表性企业为杜尔集团和优尼unix。
整体来看,全产业链企业毛利率可高达30%以上,其中发那科达到40%以上;本体加集成模式的企业盈利能力也较高,行业中位数达39.01%。本体商的盈利能力*低,行业中位数仅为11.24%。从毛利率的角度来看,全产业链盈利较强的逻辑得到强化。
考虑到零部件制造、整机制造和渠道商的商业模式有所差异,用总资产报酬率和EBIT(http://www.maoyihang.com/sell/l_25/)利润率再进行比较分析发现,本体厂商的资产运营效率**低于零部件和集成厂商。
其中,核心零部件龙头哈默纳科的总资产报酬率和EBIT利润率高达20%以上,而集成厂商龙头的EBIT利润率约为10%左右,核心零部件企业的盈利能力整体是优于本体商和集成商的。
全产业链模式是国内外工业机器人企业的发展趋势,采用该模式的企业在技术、盈利能力、市场地位业务规模等方面具备发展潜力,有望成为工业机器人行业龙头。
DSQC 236B Drive
ABB YB560103-CC DSQC 236C Drive unit
ABB 3HAB2207-1 DSQC 236D Drive unit
ABB YB560103-CD DSQC 236G Drive unit
ABB 3HAB2245-1 DSQC 236H Drive unit
ABB 3HAA3563-AJA DSQC 236P Drive unit
ABB YB560103-CE DSQC 236T Drive unit
DSQC 239 Board - ABB RIO
ABB DSQC 241 Power supply
ABB YB560103-CM DSQC 242 Programming board
ABB 3HAA0001-CP DSQC 243 Serial measurement board
ABB 3HAA3563-ACA DSQC 245 Serial measurement board
ABB 3HAA3563-AAA DSQC 248 Programming board
ABB 3HAA3563-AGA DSQC 249A Rectifier
ABB 3HAA3563-AHA DSQC 249B Rectifier
ABB 3HAA3563-AD DSQC 252 System board
E3HAC028756-001 DSQC 253 SMB unit DSQC 573
E3HAA3563-AMA DSQC 253 Serial Measurement Board
E3E 042816 DSQC 253 Exch. Serial mes. DSQC 253W
6369901-218 DSQC 253 Serial Measurement Board
ABB 3HAB2211-1 DSQC 256A System board
ABB 3HAA3563-AUA DSQC 258 Power supply
ABB 3HAB8797-1 DSQC 266B Drive unit
ABB 3HAB8798-1 DSQC 266C Drive unit
ABB 3HAB8801-1 DSQC 266G Drive unit
ABB 3HAB8800-1 DSQC 266H Drive unit
ABB 3HAB8799-1 DSQC 266K Drive unit
ABB 3HAB8802-1 DSQC 266T Drive unit
ABB 3HAA3573-AAA DSQC 300 Board - Computer
ABB 3HAB2210-1 DSQC 300 Board - Computer
ABB 3HAB2233-1 DSQC 300 Board - Computer
ABB 6369901-380 DSQC 300 Board - Computer
ABB 3HAA3573-ABA DSQC 301 Programming board
ABB 3HAB2209-1 DSQC 306 Computer board
ABB 6369901-298 DSQC 306 Computer board
ABB E3HAB2209-1 DSQC 306 Computer board
ABB 3HAB3700-1 DSQC 313 Serial measurement board
ABB 3HAB4259-1 DSQC 313 Serial measurement board
ABB 3HAC9522-1 DSQC 313 Serial Measurement Board
ABB 3HAB2215-1 DSQC 314A Rectifier
ABB 3HAB2216-1 DSQC 314B Rectifier
ABB 3HAB2231-1 DSQC 314C Rectifier DC link
ABB 6369901-336 DSQC 314C Rectifier DC link
ABB E3HAB2231-1 DSQC 314C Rectifier DC link
ABB 3HAB2214-1 DSQC 315 Combi I/O
ABB 3HAB2219-1 DSQC 316 Computer board
ABB 3HAB2209-1 DSQC 317 Memory expansion board
ABB 3HAB2233-1 DSQC 322 Robot computer
ABB 3HAB5956-1 DSQC 323 Memory expansion board
ABB 3HAB5957-1 DSQC 324 Memory expansion board
ABB 3HAB2241-1 DSQC 325 Main computer
ABB 3HAB2242-1 DSQC 326 Robot computer
ABB 3HAB7230-1 DSQC 327 Analogue Digital Combi I/O
ABB 3HAB7229-1 DSQC 328 Digital 24 VDC I/O
ABB 3HAB7215-1 DSQC 331 Panel unit
ABB 3HAC17973-1 DSQC 332 Digital relay I/O
ABB 3HAB5845-1 DSQC 334 Power supply
ABB 3HAB6182-1 DSQC 335 Robot computer
ABB 3HNE00001-1 DSQC 336 Network board NIOC-01
ABB 3HAB8101-1 DSQC 345A Rectifier
ABB 3HAB8101-2 DSQC 345B Rectifier
ABB 3HAB8101-3 DSQC 345C Rectifier
ABB 3HAB8101-4 DSQC 345D Rectifier