I. Overview
In the first half of 2020, affected by the new Crown pneumonia epidemic, the global economy suffered a greater impact, the company organized all employees to prevent and control the epidemic at the same time, to fully promote the resumption of work and production. Epidemic highlights the important role of robotics and intelligent manufacturing, in the national epidemic has been stabilized under the control of the situation, the second quarter of 2020 robotics and intelligent manufacturing market demand began to heat up. On the one hand, the company accelerates the execution of existing orders, and on the other hand, improves the rapid response ability around new market demand. In addition, the company continued to strengthen internal strength, sustained investment in R&D, improved cost control management requirements, and strengthened the awareness of risk prevention and control. During the reporting period, the company realized operating income of 1.235 billion yuan, a year-on-year decline of 1.87%; net profit attributable to shareholders of the parent company of 133 million yuan, a year-on-year decline of 38.43%, mainly due to the first half of 2020, the company's affiliated associates operating activities by the impact of the new crown epidemic, the short-term decline in operating results.
(B) Robotics and intelligent manufacturing demand growth
1, industrial robots to improve added value
The company's general robot (mainly 6-axis robots) to ensure that the performance indicators to meet the international manufacturers of similar products at the same time, and continue to increase the added value of the product to improve market competitiveness. The company integrates 3D vision, force perception, offline programming and maintenance, cloud data storage, manufacturing, execution and control of a full range of data management and other technologies, to show the general robot intelligence, interconnectivity capabilities, the company has accumulated general robot processing technology data, improve the process and the deep integration of robotics, and strengthen the downstream industry with the customer's integration of iterative upgrading of products to enhance product value-added. Value-added. During the reporting period, the company focused on welding, spraying, grinding and polishing, assembly applications, and plowed into the market of heavy machinery, ships, household appliances, glass and other industries.
The company adheres to the spirit of excellence in collaborative robot products to update and iterate, to maintain the industry's leading technology level, in 2020, the company's GCR20-1100 model collaborative robots won the Shanghai High-tech Achievement Transformation Project A certificate, the technology contribution coefficient of as high as 0.9, the company's wholly owned subsidiary in the company was awarded the Shanghai Science and Technology Progress First Prize. Through the layout in recent years, the sales network of collaborative robots has spread all over the country, which further improves the responsiveness to customer needs. During the reporting period, the company's collaborative robots continued to sell, in the automotive OEMs, real estate (ceiling tiling operations), semiconductor manufacturers, etc. to achieve the application, and effectively improve the efficiency and quality of work for customers.
2, mobile robots to expand the technological advantage
The company relies on the technological advantages of mobile robots to enhance the viscous cooperation with international automobile manufacturers, consolidate the advantages of the application of the automobile assembly line, and at the same time, grasp the opportunities of the domestic market for heavy-duty trucks, to rapidly capture the market with leading technology. With the continuous expansion of new energy market demand, the company's mobile robots in the field of new energy sales scale continues to expand, during the reporting period, the company and the new energy battery well-known enterprises continue to cooperate to expand the customer base, in addition to the company and the new energy car Tesla factory to provide assembly solutions. The company gives full play to the demonstration and promotion effect of important projects, continues to expand the customer base, and forms new business growth points. The company vigorously expand the application of laser natural navigation technology market, expanding the radiation area of the application of new technologies.
3, special robots to enhance the overall strength
In recent years, the company's efforts in the nuclear industry market, safe and reliable, technological innovation, service as the value elements of research and development to solve the customer pain points of special robot products and solutions, the company and the formation of strategic partnerships with China National Nuclear Corporation (CNNC), the reporting period for the specific needs to carry out business cooperation. The company continues to layout the market in the field of defense, the reporting period, the company on the one hand, to ensure that the existing order production operations of high quality and high efficiency, on the other hand, continue to enhance the research and development capabilities of special robots, special robots to enrich the product line, to strengthen the comprehensive strength of high-quality products and services to obtain the market reputation, for the company to continue to expand the new market segments to lay a good foundation.
4, digital factory to explore new markets
In the first half of 2020, the company on the one hand to seize market opportunities, focus on expanding key industry customers to seek high-quality cooperation projects, on the other hand, is committed to reducing costs, optimize the digital factory R & D and implementation, to enhance the profitability of the project. During the reporting period, the company for the iron and steel, optical communications, 3C and other areas of customers to implement the leading digital factory solutions, including the first set of rail beam material intelligence system project covering the iron and steelmaking, hot rolling process, cold rolling process, warehouse management and other steel production and storage of various processes, including 11 unique patented technology to achieve the whole process of identifiable, trackable and traceable. The company designed and implemented the industry's first smart factory for a leading company in the domestic optical communication industry, creating a full-process production line from raw materials to finished products loading. The project realized a 26% increase in production efficiency, a 27.3% reduction in operating costs, a 34.4% shortening of the product development cycle, a 24.7% reduction in the rate of product defects, and an increase in the energy utilization rate of 48.4%. The company implemented the first intelligent factory project in China to adopt collaborative robots for server production, which effectively meets the production mode compatible with customization, flexibilization and batch production. In addition, the company has established business cooperation with well-known enterprises such as Zhongke Shuguang (603019) and Wave Software (600756), which plays an important role in comprehensive market promotion.
5, intelligent logistics equipment market demand
In the first half of 2020, the company focuses on advantageous industry customers, plowing industry quality customers, and enhance the project implementation and management of the comprehensive ability to expand market influence. In recent years, the company continued to expand international large-scale enterprise customers, the project scale continues to expand, the company's intelligent logistics equipment exported to Europe, India, Thailand and Malaysia during the reporting period, the company actively adopted the corresponding strategy to reduce the impact of the epidemic on the implementation of overseas projects, to obtain the high degree of customer recognition of the company's services. Domestic market, the company's intelligent logistics equipment in the car, aerospace, tobacco, chemical and other markets to achieve sustained application, innovation, the company's cooperation with domestic research institutes aiming at intelligent logistics penetrate the new field of modern agriculture.
6, intelligent transportation to broaden the market
In the first half of 2020, the company integrated resources to strengthen the dialogue and communication with domestic provinces and cities metro group, to broaden the market coverage. During the reporting period, the company won the bidding for the monitoring system of Dalian Metro Line 1 and 2, the monitoring system of Dalian Metro Jinpu Line, the automatic ticketing system of Harbin Metro Line 2 Phase 1, and the automatic ticketing system of Tianjin Metro Line 6.
In order to better provide customers with comprehensive services, the company continues to carry out technological iteration, the subway tunnel inspection robot, subway intelligent ticketing service robot to carry out comprehensive upgrades, according to customer demand and application scenarios for the depth of the development, to better realize the intelligent operation and management.
7, semiconductor equipment broad prospects
The company's semiconductor equipment business began in 2004, in the national integrated circuit "02 special" under the auspices of the company began to research and development for the semiconductor industry clean robots and material handling systems, after more than a decade of development, the company has now formed a complete system, After more than a decade of development, the company has now formed a complete system, series of rich, widely used product line. The company's semiconductor equipment is mainly divided into equipment automation and factory automation (AMHS) two categories of products. Equipment automation is mainly clean (vacuum) robots and cluster-type equipment, including vacuum direct-drive robots, dual-arm vacuum direct-drive robots, integrated vacuum direct-drive robots, large-load vacuum robots, atmospheric robots, wafer handling systems, vacuum transfer platforms, etc., and the main products of factory automation (AMHS) are OHT, Stocker (clean storage system), MR (composite robot) and so on. Factory automation (AMHS) main products include OHT, Stocker (clean storage system), MR (composite robot), etc. The company's semiconductor equipment business faces a customer group covering semiconductor process equipment manufacturers, semiconductor manufacturers and panel manufacturers. With the accelerated localization of semiconductor equipment, the company's semiconductor equipment business has ushered in good development opportunities. During the reporting period, the semiconductor business segment order growth over the same period last year, the company's newly developed integrated vacuum direct-drive robot to complete the test validation and product finalization, the first half of the realization of a small batch delivery; the company's EFEM to achieve the introduction of semiconductor process equipment manufacturers to semiconductor manufacturers; the company's own research and development of the G4.5 generation of OLED robots have been delivered to the customer to use; the company's AMHS will be in the near future to complete the overall coordination and delivery of the OLED. The company's AMHS will be completed in the near future and delivered to OLED panel factory customers to use.
The company disclosed on August 20, 2020 to the specific object of the proposed issuance of shares, the purpose of this issuance is to increase the investment in research and development of semiconductor equipment, to further improve the product range, expand the scale of industrialization, enhance the comprehensive strength, and to become a leading supplier of semiconductor equipment automation and AMHS. The issuance of shares to specific targets related matters are still to be considered by the shareholders' general meeting for approval, the Shenzhen Stock Exchange audit and approved by the China Securities Regulatory Commission to make a decision to agree to the registration.
8, service robots deep plowing industry applications
The company adhere to the market-driven-oriented, market layout around the industry pain points. 2020 first half of the year, the company will be inventory count, commercial service areas as the main expansion of the target market. The company and Decathlon again signed 59 inventory robot project, and in the first half of the year completed the deployment of 23 robots in Decathlon's 14 regional stores in China, and now there are nearly 100 inventory robots running in Decathlon stores in various cities across the country. In addition, the Company promoted intelligent platform-type service robots with its partners*** on the principle of open cooperation and realization of ****win, and realized sustained sales during the reporting period. In terms of medical robots, the company delivered more than 100 walking assistance robots to the Liaoning Disabled Persons' Federation during the reporting period, and actively negotiated business cooperation with other elderly care organizations to expand the market for consumer medical robot products.
9, industrial software and control platform to open up a new mode of development of the manufacturing industry
The company set up an independent and controllable industrial software & control technology system and product platforms for different market areas to provide platform services. In terms of platform software, the company has formed control software products including motion control, intelligent perception and application process, as well as manufacturing management software products including SCADA, MES, WMS and digital twin; in terms of platform hardware, the company has formed a series of products such as encoders, servo motors, servo drives and other core components, as well as PLC, MC, RC, CNC and other types of control systems; the company faces the urgent need for transformation and upgrading in the fields of agriculture, chemical industry, etc., and provides platform services for different market areas. The company for agriculture, chemical industry and other transformation and upgrading of the urgent needs of the field, the formation of intelligent Internet of Things, industrial Internet solutions to help improve product quality and production efficiency.
Second, the company faces risks and countermeasures 1, macroeconomic fluctuations and downstream industry cyclical risk In recent years, the global economic growth has slowed down, the manufacturing industry investment in fixed assets has been affected to some extent. Robot's largest downstream automotive industry due to cyclical changes, the boom declined. If the macroeconomic development of large fluctuations or the development of the downstream cyclical industry represented by the automobile can not usher in a new inflection point, will have a certain impact on the company's performance. Countermeasures: The company insists on technological innovation and new product research and development, improves market competitiveness and influence, actively expands new downstream customers, expands the scope of business radiation, increases new income growth points, and mitigates the negative impacts of macroeconomic fluctuations and downstream cyclical industries on the company's performance. 2. Risk of industrialization of scientific and technological achievements As a high-tech enterprise, the rapid change of technology and industrialization of scientific and technological achievements are the driving force of the company's development. The company follows the development level of 5G, AI and other new technologies closely, and increases R&D investment and R&D efforts, and the rise in R&D costs has a certain impact on the company's business performance. If the Company fails to grasp the favorable timing of transforming scientific and technological achievements into marketable products, it may reduce the rate of return on R&D investment. Countermeasures: The company gives full play to the company's role in the Robotics Industry Alliance, China Robotics TOP10, China Intelligent Manufacturing System Solution Providers Alliance and other industry organizations, timely and fully grasp the dynamics of the industry and trends, market-oriented, and effectively promote the marketability of new technologies and products. 3, the risk of market competition With the acceleration of the transformation and upgrading process of manufacturing, robotics and intelligent manufacturing has become an important strategy for the development of countries. China as the world's largest consumer market for robots, the competition is particularly fierce. Not only domestic robot manufacturers gathered, overseas robot manufacturers to accelerate the industrial layout and market development in China, while cross-border companies have entered the robotics and intelligent manufacturing industry, market competition is intensifying. Countermeasures: the company on the one hand to improve product quality and service quality, enhance customer stickiness; on the other hand, increase investment in research and development, enhance core competitiveness and further improve the company's industrial layout and market application layout, consolidate the industry's leading edge. 4、Operation management and human resources risk The company is in a period of rapid expansion and globalization, the company's operation and management mode and level need to progress, the reserve and cultivation of high-end technical and managerial personnel is important for the sustainable development of the company. If the Company's demand for high-end talents is not met, or if there is a loss of existing high-end core technical and managerial talents, the Company's rapid development and expansion may be affected. Countermeasures: The Company will continue to strengthen the level of group management, establish a sound business risk management mechanism, improve the salary system and career development platform for employees, actively introduce high-end talents, strengthen team building, and provide strong talent support for the rapid development of the Company.
Third, the analysis of core competitiveness (a) the advantages of technological innovation Technological innovation is the centralized embodiment of the company's core competitiveness, the company was included in the global ranking of industrial robots in the top 10. As the leader of China's robot standardization group, the company has drafted and formulated a number of national and industry standards. The Company has mastered industrial robot control technology, servo system design technology, operator optimization design and manufacturing technology, software design and programming technology, kinematics and trajectory planning technology, 3D vision technology, and force sensing technology. As of the end of June 2020, the company*** applied for 1,484 patents. It owns 377 effective patents, including 193 invention patents, 103 utility model patents, 81 design patents; and 109 software copyrights.In the first half of 2020, the company invested 131 million yuan in R&D, an increase of 43.30% year-on-year. As a nationally recognized enterprise technology center, the company has academician expert workstation and national postdoctoral mobile workstation. The company continuously undertakes the national 863 key projects, the 12th Five-Year Plan for Intelligent Manufacturing Development, the 12th Five-Year Plan for National Science and Technology Support Program, the 13th Five-Year Plan for National Key Research and Development Program, the Ministry of Science and Technology 02 special projects, the Ministry of Industry and Information Technology R&D projects, the Development and Reform Commission R&D projects, the Internet of Things Development Special Fund projects, the Chinese Academy of Sciences institution-local cooperation projects, Shanghai Brain Intelligence Project projects, and the Liaoning Science and Technology Program projects. (ii) Advantage of rich robot product line After 20 years of accumulation, the company has become the most complete enterprise of robot product line in the world. 1, flexible collaborative robots The company's flexible robot products are divided into five series, with lightweight, collision detection, traction teaching, rapid configuration, visual guidance and other functions, load capacity of 3kg-20kg, repeatability accuracy of at least 0.02mm, to meet the production needs of different customers. It is extremely suitable for production scenarios with compact layout and high precision. Among them, the maximum linear speed of GCR5-910 collaborative robot has been increased to 1.5m/s, which reaches the industry leading level. H series products, as the first intelligent composite collaborative robots in the country, synthesize the technologies of intelligent mobile robot, collaborative robots, visual recognition, etc., and are applied in the production linkage of warehousing picking, handling, loading and unloading, etc. The H series products have a variety of navigation configurations, and diversified repeatable accuracy of minimum 0.02mm. Diversified navigation configuration, diversified functional configuration, to meet the automated factory flexible, efficient and low-cost on-site layout. 2, general-purpose robots The company has three types of general-purpose robot products, including 6-axis robots for welding, grinding, stamping, forging, painting, handling, palletizing and other operations, load capacity of 4kg-500kg, repeatability of the accuracy of the smallest 0.02mm. Horizontal multi-jointed robots (SCARA) is suitable for assembly, locking screws, boxing, sorting, fast handling and other operations, load capacity of 5kg-10kg, repeatability of the minimum 0.02mm. The horizontal multi-joint robot (SCARA) is suitable for assembly, screw locking, cartoning, sorting, fast handling and other operations, with a load capacity of 5kg-10kg, and a repeatability accuracy of 0.02mm for XY and 0.02mm for Z. The parallel robot (DELTA) is suitable for packaging, sorting, handling, assembly and other operations, with a load capacity of 3kg-15kg, a repeatability accuracy of 0.02mm, and a maximum pick-and-place beat of 260 times/min. 3. Mobile robot (AGV) The company owns three types of mobile robot products. The company has three types of mobile robot products, including assembly-type AGV for automobile chassis line power assembly, rear axle assembly and body assembly. Handling AGV is suitable for material sorting, lifting and unloading, transportation and other operations. Intelligent inspection AGV can be equipped with 5G network, autonomous navigation, autonomous obstacle avoidance, autonomous charging, intelligent recognition of human body, face, vehicle, license plate, and abnormal detection of fire, gas, etc. It is suitable for outdoor factory inspection, park patrol, perimeter patrol, education and training and other applications. The above products have a variety of navigation modes, including electromagnetic, laser, inertial, vision, GPS, natural contour, drive modes including double-wheel differential, single rudder wheel drive, double rudder wheel drive, power supply modes including battery power supply, induction power supply, a maximum load capacity of 85 tons, a navigation accuracy of 10mm, and a parking accuracy of at least 5mm.The performance of the company's mobile robot at the PyeongChang Winter Olympics in South Korea in 2018 demonstrated the International leading technical standard. 4, consumer robots Consumer robots are mainly divided into service robots and medical robots. The company's service robots include the pinecone series, home series and intelligent platform series service robots, with automatic obstacle avoidance, autonomous charging, voice recognition, face recognition, remote video and other features, has been for health care, education and companionship, government and finance, promotional shopping guide and other consumer markets to provide services. Medical robots mainly include medical delivery robots, epidemic prevention and sterilization robots, medical care robots, and medical rehabilitation robots. The company continues to enrich the product line around the market application scenarios, expanding the scale of the consumer market. (C) semiconductor (IC) equipment technology leading edge semiconductor equipment business is one of the company's strategic core business, after more than a decade of precipitation, has now formed a more complete product line. The company as the first domestic clean robot and factory automation system solutions provider, relying on the international first-class technology level is now with the domestic well-known semiconductor process equipment manufacturers, semiconductor manufacturers and panel manufacturers to form a strategic partnership. 1, clean (vacuum) robots and cluster-type equipment, including vacuum direct-drive robot, dual-arm vacuum direct-drive robot, integrated vacuum direct-drive robot, large-load vacuum robot, atmospheric robot, wafer handling system (SORTER EFEM), vacuum transfer platform. Applied to 8-inch, 12-inch production line (90-65nm) process IC manufacturing machine equipment and semiconductor production equipment, testing equipment, such as wafer handling. Manipulator products repeatability ± 0.1mm (3σ), maximum extension speed of 900mm / s, the maximum lifting speed of 330mm / s, load weight ≤ 0.5kg. The above products have been certified by SEMI, to meet the personalized design to support the user customization, the arm length can be selected to provide customers with interfaces and end of the customization services. 2, Factory Automation (FA) product line, divided into FPD (panel) robot, MASK (mask version), Foup (wafer carrier) handling systems and storage systems. Among them, FPD robots are characterized by high rigidity, high speed, high precision, high smoothness and high cleanliness. FPD, MASK, and Foup handling and storage systems are a collection of Stocker (clean storage system), AGV, Robot, Unpack, ACS (scheduling software), Stocker, MR (composite robot) and other handling systems and Erack (electronic rack) storage scheduling. (electronic rack) storage and scheduling system, which can be widely used in semiconductor manufacturing plants and panel manufacturing plants. (D) Advantage of continuous improvement of soft power of digital factory With a lot of practical experience, the company has continuously provided international standard digital factory solutions for more than 20 downstream industries, such as automobile, 3C, electric power, machinery, aerospace, new energy, food, medicine and tobacco, etc. The company's digital factory management system consists of three parts. The company's digital factory management system consists of three parts: an intelligent platform for operation management, an intelligent platform for intelligent logistics system and warehousing logistics, and an intelligent platform for production equipment, which builds a digital factory foundation system composed of logistics network and information network. The industrial software control platform coordinated by the company provides an autonomous and controllable Internet control network system with good openness, high flexibility, modularization and upgradability. The whole platform includes software systems from operating system, intelligent drive, RC, CNC, PLC, to digital twin, MES, and industry solutions, and hardware systems from customized chips, modules and motherboards, code boards, servo motors, servo drives, to various control systems, which creates an intelligent manufacturing solution that is "end-to-end-cloud synergistic". (v) Advantage of globalized famous customer groups. (E) Advantage of globalized famous customer group The company focuses on the globalized market space and builds up an internationalized customer group relying on its leading technology and products. Two-thirds of the company's customers are foreign-funded enterprises, joint ventures and large state-owned enterprises. For example, customers in the automotive field include GM, Ford, BMW, Mercedes-Benz, Volkswagen, Jaguar Land Rover, etc.; customers in the general manufacturing field include China Shipbuilding Group, CIMC (000039), Zoomlion Heavy Industries (000157), Sany Heavy Industry, Jiu Mu, etc.; customers in the field of new energy include Tesla, Ninde Times (300750), Vonergy, Evergrande Automotive, etc.; customers in the field of semiconductors include Beifang Huacuang (002371), Zhongmu Semiconductor Co. 002371), China Micro Semiconductor, Micron Semiconductor, Sheng Disk Semiconductor, Huahai Qingke, Sandisk, Saiyifa, BOE, Huaxing Optoelectronics, TCL and so on. The company to long-term strategic cooperation, promote *** with the development of the purpose, and customers to form a long-term stable cooperative relationship, and strive to expand the business scale with point to point. (F) the advantages of the talent team The company adheres to the three high standards: high-level, high-quality, efficient use of talent principles, follow the "long-term development, focus on cultivation, point to bring the face" talent training strategy. In accordance with the requirements of "conducive to the gathering of outstanding talents, conducive to outstanding talents to stand out, and conducive to outstanding talents to play a role", the company absorbs international high-end talents, improves the company's international operation, and establishes a sound mechanism for the operation of the talent system. The company has "academician expert workstation", "postdoctoral research station", the company and Northeastern University School of Robotics Science and Engineering, the Chinese Academy of Sciences Robotics Education Institute and other educational institutions to establish a good communication channel, for the company's training of industry talents to provide High-quality resources. In the first half of the year, due to the epidemic, the company did not carry out centralized training for employees to open an online learning platform, the entire group audience of 1220 students, a total of 14,899 hours, covering the grassroots / middle management ability to improve, R & D management, human resources management, front-line production staff job skills enhancement courses.