Analysis of the status quo of the global system equipment market
3.1 2019Q1-Q3 mainstream equipment business revenue increased by 2.3% year-on-year
3.2 Major foreign listed equipment manufacturers maintain a gross profit margin of over 42%
3.3 Nokia and Infinera continue to lose money
3.4 Equipment manufacturers continue to strengthen in North America, up 11% year-on-year
3.5 Five 5G equipment contractors and shipments
3.6 Huawei's revenue in the first three quarters increased by 24%. Double-digit growth is expected throughout the year.
3.7 1H19 ZTE revenue increased by 13%, bonfire revenue increased by 7%
2019Q1-Q3 mainstream equipment business revenue increased by 2.3% year-on-year
In the first three quarters of 2019, the total revenue of nine major listed equipment manufacturers abroad
At $56.6 billion, compared to $86.287 billion in the same period last year, slightly
Growth of 2.3%.. By vendor, Cisco is still the main driver of overall market growth.
(a net increase of 1.21 billion US dollars); as of Q319, Cisco has even
Continued growth in the eighth quarter. Second, Ciena and Infinera also
It contributed a net year-on-year increase of $342 million and $306 million.Nokia raised its forecast at Q219, the company expects the market in 2019
There will be a slight increase, and the company’s forecast is that the market is flat and will not
There is growth. Juniper achieves environmental growth in the second quarter and expects third quarter
Continued to grow by the ring.In the face of Sino-US trade war, Nokia believes that China zf vs. Huawei and ZTE
As China’s domestic suppliers continue to support, Nokia has been
Forced to assess its market strategy in China, companies need to consider where
Investment, and when to withdraw some impediments to achieve profitability and long-term growth
The competitive situation. Juniper is actively taking measures to reduce China's increase
The impact of tariffs and will continue to further optimize its supply chain.
Major listed equipment manufacturers abroad maintain a gross profit margin of over 42%
1. Average gross profit from 8 major listed equipment vendors
In terms of rate trend, it remains above 40%.
Q216 and before at 45% and above, after
It is between 41% and 45%.
2. Among the 8 homes, from Q115~Q219, average
Gross profit margin is above 60% with Cisco and
Juniper, between 40% and 50% of Ciena
And ADTRAN, the remaining 4 are at 30% -
40%.
3. Infinera's gross profit plummeted due to the acquisition of Coriant.
And Ericsson said that it encountered the United States in Huawei.
Under the various restrictions of the government, compete with Nokia
The new contract may drag down its second half of this year
Profit margin.
Q219 equipment supplier's North American market continued to strengthen, up 11% year-on-year
In terms of regional markets, statistics from seven major listed equipment vendors (including Cisco, Ericsson, Nokia, Juniper, Ciena, Infinera, and ADVA) continued: The North American market continued to strengthen, with Q219 increasing by 10.6% year-on-year. In addition to the year-on-year low single-digit decline of Juniper and ADVA, five companies achieved double-digit year-on-year growth. The European market Q219 increased by 2.8% year-on-year. Ciena and ADVA increased by more than 20% year-on-year, and Ericsson and Juniper shrank in single digits. The Asia Pacific market grew slightly by 0.9% year-on-year. Among them, Juniper, Ciena and ADVA fell more than 20% year-on-year, while Cisco also fell 5.4% year-on-year; Ericsson and Nokia achieved year-on-year growth.
