Recently, Jiangsu Yawei Machine Tool Co., Ltd. released its semi-annual report for 2019. In the first half of 2019, Yawei achieved revenue of 738 million yuan, a decrease of 3.58% year-on-year; net profit of 67 million yuan, a decrease of 0.04% year-on-year; R & D investment of 46 million yuan, an increase of 23.64% year-on-year, accounting for 6.25% of total revenue.
Yawei's wholly-owned subsidiary, Yawei Chuangkeyuan, which is mainly engaged in 3D laser cutting system business, achieved effective contracts of 79.41 million yuan in the first half of 2019, a year-on-year increase of 5.4%; operating income was 65.24 million yuan, and net profit was 20 Ten thousand yuan.
It is understood that the main businesses currently engaged by Yawei include: metal forming machine tool business, laser processing equipment business, and intelligent manufacturing solution business.
Metal forming machine tool business: the main force of revenue, gross profit margin 31.19%
Metal forming machine tool business is Yawei's largest revenue pillar, accounting for 70.29% of total revenue. The main products include mainframe products such as CNC bending machines, CNC turret punches, CNC shears, etc., and automated complete production lines such as sheet metal automation flexible processing equipment, coil processing machinery, etc.
In the first half of this year, Yawei's metal forming machine tool business realized operating income of 519 million yuan, a slight increase compared to the same period of the previous year. Among them, the scale of sales of automated complete production lines increased significantly. During the reporting period, it achieved operating income of 154 million yuan. An increase of 65.52% year-on-year. The company actively adopts a flexible sales strategy, strengthens the control of the entire value chain of the product, and comprehensively improves the profitability of the product. The gross profit margin of the metal forming machine tool business continues to increase steadily. The company strengthened the promotion of new products and new markets. The trial production of the PBM high-performance bending machine was completed. The installation and commissioning of the first 800T blanking press was successfully completed. The competitive advantage of the product market continued to expand. The automation business was based on standard unit orders. Supported by large-scale customized and integrated software and hardware projects, it continues to expand its market share and influence in switchgear, environmental protection, and kitchenware industries.
Laser processing equipment business: fierce competition and obvious decline, gross profit margin 22.69% The main products of Yawei's laser processing equipment business include two-dimensional laser cutting machines , two-dimensional laser flexible cutting units, three-dimensional laser cutting systems, laser welding systems and automated complete production lines. In the first half of this year, the laser processing equipment market declined significantly and the industry was fiercely competitive. The company's laser processing equipment business realized operating income of 198 million yuan, a year-on-year decrease of 12.44%. The company deeply cultivated the needs of the industry, seized market opportunities, and doubled the sales revenue of ultra-high-power 2D laser cutting machines above 8KW, becoming a new growth point for the development of the company's laser processing equipment business. On this basis, the company has continuously enriched and improved its laser processing equipment product line. The ultra-high-power 20KW laser cutting machine has been developed, the laser pipe cutting machine has been sold in batches, and the FMS laser cutting flexible production line has also completed small-scale delivery. In the first half of this year, the company established "Jiangsu Yawei Precision Laser Technology Co., Ltd.", focusing on the company's horizontal expansion of laser business, vigorously developing the emerging precision laser processing equipment business, further consolidating the company's laser business industry advantages and improving its overall competitiveness.
Intelligent manufacturing solution business: a new area gradually cultivated, with a gross margin of 27.17%
The main products of the intelligent manufacturing solution business include industrial robots, industrial management software, warehouse logistics automation systems, equipment automation, and intelligent transformation of production lines.
In the first half of this year, the company's intelligent manufacturing solutions business realized operating income of 21 million yuan, which was the same as the same period of the previous year. Guided by the company's comprehensive promotion of smart manufacturing development strategies, the business capabilities of smart manufacturing solutions have continued to increase. The influence of the linear and horizontal articulated robot business brand has further expanded, and the coverage of the external market sales industry has expanded to the automotive, high-speed rail locomotive, construction machinery, marine, aerospace and other industries; the newly established intelligent system company actively promotes upstream and downstream cooperation in the industry. Initially formed a close strategic cooperative relationship with Tsinghua Ziguang, UFIDA and other companies; joint self-research and introduction of mature platforms to accelerate the construction of Yawei Zhiyun Industrial Internet platform, build a smart factory industrial management software system for the entire industrial chain of discrete manufacturing, and promote The company's smart manufacturing service capability building has helped boost the scale of smart manufacturing solution business.
The main business structure is as follows:
Yawei shares that the company's metal forming machine tool business is still in a low-level operating state in recent years, and the market competition has become increasingly fierce. It may face the risk that the production capacity cannot be completely released; the laser processing equipment and intelligent manufacturing system solution business is currently In the process of rapid development, the market is fiercely competitive and may face the risk of less than expected expansion. To this end, the company will adopt targeted development strategies based on different businesses, solidify mature businesses, accelerate the expansion of emerging businesses, and effectively use the capital market for resource integration to maintain sustained and rapid growth in economies of scale and continuous improvement of industry status.