VMIVME-3116 Huichuan Technology said that although the macroeconomic situation is sluggish this year and the industry demand is weak, it has brought certain challenges to the business operation, but the company’s general automation business still maintains good growth.
The main reasons are: ① The company has a forward-looking strategic deployment, starting from inverter products, to PLC+ servo, and then to high-efficiency motors, industrial robots, precision machinery products and pneumatic products, the company can provide more and more products. At the same time, for different industries, the company can quickly identify the process characteristics of the industry, and form different levels of packaging solutions with different products to meet the needs of different industries and different customers. From meeting the needs of customer solutions, the company has a good competitive advantage.
② Seize the structural opportunities of emerging industries: the company’s products and solutions are wide, with efficient and high-precision multi-product solutions, seize the opportunities in photovoltaic, semiconductor, construction machinery and other industries to achieve rapid growth.
The trend of localization has been further improved, and the company continues to benefit from the “east wind” of localization, which is more and more favored by customers.
Second, develop digital business with the advantage of “automation + digitalization”
Huichuan Technology said that many projects of automation, if there is no digital solution, it is difficVMIVME-3116 ult to solve the problem of automation. The future of industrial automation must be the combination of automation and digitalization. Huichuan Technology began to engage in industrial Internet business in 2012, and digital business is carried out on the basis of the original industrial Internet business.
From the perspective of application scenarios, on the client side, Huichuan Technology has a large number of manufacturing customers, and the realization of digital management of manufacturing customer workshops is inseparable from the automation equipment of the production line; In the post-service market, Huichuan technology combines the typical process and performance parameters of elevators, air compressors and lifting equipment with digitalization.
From a technical point of view, digitalization should be supported by AI technology, and the first landing is predictive maintenance and predictive diagnosis. In applications where key equipment (compressors, motors, etc.) cannot be shut down, Huichuan Technology uses electrical indicators to diagnose the health of equipment, and combines electrical and mechanical technologies to launch AI solutions through mechanical diagnosis (vibration, noise, temperature rise).
From the scene, to AI technology, and then to the integration of solutions, this is the direction of Huichuan Technology into digital business.
Third, the real estate industry pressure elevator business performance is stable
Smart elevator business is closely related to real estate development; In recent years, the situation of theVMIVME-3116 real estate industry has affected the demand for the elevator industry. The solid performance of Huichuan Technology’s elevator business is mainly driven by:
(1) The increase of the share of multinational enterprises: the company’s elevator frequency converter and integrated products are imported to reachable customers in multinational enterprises, so as to gradually increase the share of the company’s products in multinational large customers.
(2) Growth of overseas markets: The company’s elevator business has achieved good expansion in Europe, India and other markets. With the promotion of the company’s internationalization strategy, the elevator Division will increase the expansion of elevator products and solutions in overseas markets.
(3) Further penetration of elevator electrical overall solutions: The company provides a full set of solutions including control system, elevator frequency converter, human-machine interface, door machine and cable for the whole elevator factory customers, and the overall supporting program has grown rapidly in the past two years in domestic and multinational enterprises and other customers.
Huichuan Technology said that although the external environment of the smart elevator business has a certain pressure, the implementation of the above strategy will serve as a strong guarantee for the continued steady growth of the company’s elevator business.
