After years of development, China has largely achieved industrial mechanization, but there is still a significant gap when it comes to industrial automation. However, with the growing popularity of robots and artificial intelligence, the trend toward industrial automation is gaining momentum, and its future prospects are becoming increasingly clear. Promoting industrial automation not only supports the transformation of traditional industries but also enhances the level of industrialization in China's manufacturing sector, offering vast potential for growth.
According to statistical data from China Automation Corporation, the top ten companies in the domestic automation industry include Huichuan Technology, Lanhai Huateng, Yingweiteng, Huazhong CNC, Mingzhi Electric, Weihong, Xinshida, Junsheng Electronics, Dayang Electric, and Kelu Electronics. Below is a list of these leading firms.
The global industrial automation market reached $225 billion in 2017, showing a 30% increase compared to 2013. Despite this growth, China’s industrial automation sector has developed more slowly due to late entry into the field and limited accumulation of core technologies. As a result, high-end products are still mostly imported, with international giants such as Siemens, KUKA, ABB, Yaskawa, and Fanuc dominating the domestic market.
**1. Huichuan Technology**
In 2017, the company reported a net profit of 429 million yuan, an increase of 10%. During the first half of the year, the company achieved a total operating income of 1.937 billion yuan, up 32.24% year-on-year. Operating profit reached 471 million yuan, up 38.57%, while total profit was 496 million yuan, up 14.8%. The net profit attributable to shareholders increased by 10.31%.
Key business segments saw strong growth: general automation grew by 90%, elevator integration by 18%, electro-hydraulic servo by 31%, and industrial robot sales expanded significantly. Meanwhile, new energy vehicle business declined by 48% due to external factors, while rail transit business grew by 15.43%.
**2. Lanhai Huateng**
In the first half of 2017, Lanhai Huateng recorded a net profit increase of 146.23%. The company's operating income reached 294 million yuan, up 14.39% year-on-year. The main contributors to growth were electric vehicle electronic control products, which generated 233 million yuan in revenue, up 16.41%, and medium- and low-voltage inverter revenue of 55 million yuan, up 14.36%.
**3. Yingweiteng**
Yingweiteng reported revenue of 884 million yuan in the first half of 2017, a 56.42% increase from the previous year. Its net profit surged by over 200%, far outpacing the average growth rate of 2.31% in the electrical equipment industry. The company has been streamlining its operations, focusing on its core businesses, and gradually improving its net profit margin to match that of its peers.
**4. Huazhong CNC**
In the first half of 2017, Huazhong CNC achieved an operating income of 402 million yuan, up 43.69% year-on-year. Although the company recorded a loss of 37.843 million yuan in operating profit, it improved by 36.67% compared to the same period last year. Net profit reached 3.3447 million yuan, up 107.63%.
The machine tool segment saw a 48.56% increase in revenue, while the motor segment rose 47.7%. The industrial robot segment experienced explosive growth, with revenue increasing by 398.6% year-on-year.
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