The performance forecasts of the four major industrial robots are released, one company has increased its net profit, and three companies have reduced their losses

On the eve of the Spring Festival, many industrial robot companies released their 2023 financial report forecasts. After experiencing the critical period of economic recovery in 2023, the performance of industrial robots has improved. Among them, Huichuan has a positive profit, with an estimated net profit of more than 457,800 yuan for the whole year. Shanghai Xinshida, Jiangsu Harbin Institute of Technology Intelligent, and Efort are expected to still make losses for the whole year, but the loss figures are smaller than the same period.

Inovance Technology

According to the 2023 performance forecast disclosed by Huichuan Technology, the operating income during the reporting period (January 1, 2023 to December 31, 2023) is expected to be between 28.9 billion and 31 billion, an increase of 26%-35% compared with 23 billion in the same period last year; of which the net profit attributable to the parent is expected to be 4.57 billion to 4.96 billion, an increase of 6%-15% compared with the same period last year, and the non-net profit is expected to be 3.9 billion to 4.2 billion, an increase of 16%-25% year-on-year.

Huichuan's performance growth during the reporting period benefited from the continued increase in the penetration rate of new energy vehicles and the increase in the sales of designated car models by downstream customers. The revenue from new energy vehicle business achieved rapid year-on-year growth. In addition, affected by the real estate industry, the revenue from smart elevator business also increased slightly year-on-year.

However, due to changes in the company's product revenue structure, the company's comprehensive gross profit margin of products has decreased year-on-year.

In recent years, Huichuan Technology has increased its investment in strategic businesses such as internationalization, energy management, and digitalization . The growth rate of the company's R&D, sales, and management expenses is basically synchronized with the growth rate of revenue, resulting in a good year-on-year growth in the company's net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses during the reporting period of 2023.

Harbin Institute of Technology Intelligent

Harbin Institute of Technology Intelligent Technology expects its net profit to be negative during the reporting period of 2023.

Harbin Institute of Technology Intelligent Technology's loss in 2022 was 740 million yuan, and its non-net profit loss was 700 million yuan. However, according to the 2023 performance forecast, the company's loss in the reporting period of 2023 was approximately 300 million to 440 million yuan, and its non-net profit loss was 280 million to 430 million yuan. The loss figures have dropped significantly.

The main reason why Harbin Institute of Technology Intelligent Technology has gradually reduced its losses is that the overall operating trend of the industrial robot application sector has improved in 2023, and the high-end equipment manufacturing sector has actively sought business model transformation.

Among them, in order to reduce the risk of dependence on a single business, the subsidiary Tianjin Fuzhen has achieved certain results in the transformation of its welding and assembly business from traditional automobiles to new energy fields (including new energy vehicles, battery lines, etc.). At the same time, the company has successfully expanded the field of integrated die-casting intelligent production lines.

Another subsidiary, River Electromechanical, continued its "going global" business model, focusing on winning overseas orders with better profit margins and lower-cost supply chains. The gross profit margin of overseas projects increased in 2023.

During the reporting period, the quality of orders executed by Harbin Institute of Technology Intelligent Technology Co., Ltd. increased significantly, and the annual revenue is expected to be approximately RMB 2.151 billion, an increase of approximately 18.03% over the same period last year.

As various unfavorable factors gradually improved in 2023 compared with the same period last year, the supply chain gradually stabilized, and the prices of key raw materials gradually recovered, the overall revenue of the company's subsidiaries, especially the high-end equipment manufacturing sector, increased, while the cost only increased by about 5.24% compared with the previous year. Therefore, the overall gross profit margin in this reporting period increased by about 10.71% compared with the same period last year.

Surprisingly, Harbin Institute of Technology Intelligent Technology mentioned in its performance forecast that during the reporting period, its subsidiary suffered losses of approximately 2.925 million euros due to telecommunications fraud, equivalent to approximately RMB 23.3819 million.

Eft

Efort's net profit is also expected to be negative in the reporting period of 2023.

According to preliminary estimates by the financial department, Efort Intelligent Equipment Co., Ltd. expects to achieve annual operating income of 1.805 billion to 1.895 billion in 2023. In the same period last year, Efort achieved operating income of 1.3 billion yuan, a net loss of 170 million yuan attributable to the parent company's owners, and a net profit of -220 million yuan attributable to the parent company's owners after deducting non-recurring gains and losses.

The performance forecast disclosed that Efort Intelligent expects that the net profit attributable to the parent company's owners in 2023 will continue to be in the red compared with the same period last year, and the net profit attributable to the parent company will be between -50 million yuan and -40 million yuan.

In 2023, EFORT's robot business revenue and system integration business revenue both increased compared with 2022. Among them, the sales volume of industrial robots increased by about 101% compared with the same period last year, driving the company's industrial robot business revenue to increase significantly by about 78% compared with the same period last year; the company's overseas system integration business resumed growth, with operating income increasing by about 20% compared with the same period last year.

New Step

The 2023 performance forecast of Shanghai Step Electric Co., Ltd. shows that during the reporting period from January 1, 2023 to December 31, 2023, the company expects its net profit to be negative.

In 2022, Xinshida suffered a loss of approximately 1.05 billion yuan, and the loss in 2023 is expected to be 240 million to 330 million yuan, a year-on-year increase of 68.15% to 76.90%.

Shanghai Step Electric Co., Ltd. stated that, according to relevant accounting policies and based on the principle of prudence, the company intends to conduct an impairment test on the goodwill formed by the company's previous equity acquisitions, and it is expected that the amount of provision in this period will be reduced compared with the same period last year. As of now, the relevant impairment test is still in progress.