The output of industrial robots in the first quarter was 103,691 sets, a year-on-year decrease of 3%.

According to the data from the National Bureau of Statistics, China's industrial robot production in the first quarter of 2023 was 103,691 sets, a year-on-year decrease of 3%.

Among them, the output of industrial robots in March was 43,883 sets, a year-on-year decrease of 5.7%; the output of industrial robots in January-February was 62,036 sets, a year-on-year decrease of 19.2% from 76,381 sets last year;

It can be seen that my country's overall industrial robot output declined in the first quarter of 2023, with a large year-on-year decline in January and February, and the decline rebounded in March, with the trend reversing. Judging from the trend, my country's industrial robot industry will gradually recover and accelerate its development in 2023.

Judging from the manufacturing purchasing managers' index (PMI), the figures for January, February and March were 50.1, 52.6 and 51.9 respectively, all above the critical point. The overall development trend of the manufacturing industry is good.

In terms of industrial added value, in January-March, the national industrial added value above designated size increased by 3.0% year-on-year, an increase of 0.3 percentage points from the fourth quarter of last year.

Among them, in March, the national industrial value added of enterprises above designated size increased by 3.9% year-on-year in real terms. In January-February, the national industrial value added of enterprises above designated size decreased by 1.3% year-on-year. Judging from the overall data, my country's industrial economy is steadily recovering and improving.

Earlier, Sun Xiao, a statistician from the Industrial Department of the National Bureau of Statistics, analyzed that in January and February, affected by multiple factors such as quantity and price, the total profits of industrial enterprises above designated size in the country fell by 22.9% year-on-year. First, from the perspective of revenue, although industrial production has rebounded, market demand has not yet fully recovered; second, from the perspective of cost, the decline in revenue is greater than the decline in cost, resulting in a decline in corporate gross profit; third, from the perspective of price, PPI is affected by the high base of the same period, which puts great pressure on corporate profits; affected by the above factors, the profits of raw materials and equipment manufacturing industries have fallen significantly, pulling down industrial profits by 15.7 and 6.5 percentage points respectively.

Jiang Yuan, deputy director of the Industrial Statistics Department of the National Bureau of Statistics, said: "Overall, industrial production recovered steadily in the first quarter and achieved a smooth start. However, we must also see that the industrial economy still faces difficulties such as insufficient market demand and declining profitability."

For industrial robots, judging from the current market situation, in 2023 they will still mainly benefit from the demand driven by new energy vehicles, photovoltaics, lithium batteries, semiconductors, medical care , warehousing and logistics and other industries. However, the demand in downstream industries is gradually differentiating, and some sub-sectors also contain considerable opportunities. For example, in addition to power batteries, energy storage batteries may become a highly prosperous track this year.