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Airtac Sales grew by 26% in May

Institution
Nomura
Date
20260602
Authors
Boqiong Wang, Angela Yang, Kentaro Maekawa
Company
Airtac
Ticker
1590TT
Industry
Solar, Robotics
Rating
BullishMedium confidenceAirtac sales grew by 26% year-on-year, indicating strong demand
AuthorsBoqiong Wang, Angela Yang, Kentaro Maekawa
CoverageChina
Research firm divisions/subsidiariesNomura Securities Co., Ltd.(Subsidiary/Legal Entity)

AI summary card

Airtac Sales grew by 26% in May

Airtac's sales grew by 26% in May, driven by strong demand, especially in the electronics and battery industries.

AirtacSales GrowthChinese Factory AutomationRobotics Industry
  • Airtac's sales grew by 26% in May
  • Strong demand, particularly in the electronics and battery sectors
  • The Chinese government emphasizes manufacturing innovation and industrial progress

Report interpretation

Overview

This report analyzes Airtac's sales data for May 2026, highlighting a 26% year-over-year increase, reflecting growing demand, especially in the electronics and battery industries. The report also mentions the Chinese government's support measures for manufacturing innovation and industrial progress.

Core views

Airtac's sales grew by 26% in May, down slightly by 1% compared to April. Despite the reduced working days due to the Chinese Long Weekend, sales still set a new record high. The company expects continued government support measures, leading to sustained strong demand, especially in smart manufacturing. Orders in the electronics and battery industry have corrected seasonal factors, while orders in the machining industry continue to grow steadily, mainly due to investments in AI data centers.

Analysis framework

The report evaluates Airtac's sales performance and future prospects by analyzing its sales data and market trends, considering seasonal and macroeconomic factors. It references government policies and industry data to support its positive outlook on demand and company development.

Methodology notes

  • Industry/Industrial Analysis FrameworkSupply and Demand Framework

    Evaluates market demand and supply through analysis of industry orders and sales data.

    The Supply and Demand Framework helps understand dynamic order and sales within an industry, thus assessing market demand and supply conditions.

Asset mapping & comparison

Structured mapping from thesis to named assets (strengths, weaknesses, peers, risks).

  • Airtac (1590 TT)
    Benefiting Company
    Strengths
    Sales growth of 26%, strong demand
    Weaknesses
    Slight decline in sales due to the Chinese Long Weekend
    Comparison
    Airtac has a larger share of the market in the electronics and battery sectors compared to other mechanical manufacturers
    Risks
    Macroeconomic fluctuations may impact demand

Key data

  • Airtac Sales Growth in May26%Compared to the same period last year
  • Airtac Sales Change in May-1%Compared to April

Impact & implications

Airtac's sales growth reflects the strong demand in the Chinese factory automation market, particularly in the electronics and battery industries. Government support for manufacturing innovation will further drive industry growth.

Risks

  • Macroeconomic fluctuations may impact demand

What to watch

  • Further government policies supporting manufacturing innovation
  • Trends in demand changes
Zhejiang ICP No. 2022035445-5
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