证券代码：688157 证券简称：松井股份 公告编号：2026-002 松井新材料集团股份有限公司 关于 2025 年第二期员工持股计划实施进展的公告 截至本公告披露日，本员工持股计划完成了证券账户的开立，尚未购买公司 股票。 公司将持续关注本员工持股计划实施的进展情况，并按照相关法律法规的规 定及时履行信息披露义务。敬请广大投资者注意投资风险。 特此公告。 松井新材料集团股份有限公司董事会 2026 年 1 月 31 日 本公司董事会及全体董事保证本公告内容不存在虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 松井新材料集团股份有限公司（以下简称"公司"）于 2025 年 12 月 10 日召 开了第三届董事会第十一次会议及第三届监事会第九次会议，并于 2025 年 12 月 29 日召开了 2025 年第二次临时股东大会，审议通过了《关于公司<2025 年第二 期员工持股计划（草案）>及其摘要的议案》《关于公司<2025 年第二期员工持股 计划管理办法>的议案》等相关议案，具体内容详见公司于 2025 年 12 月 12 日在 上海证券交易所网站（www.sse. ...

松井股份(688157.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净利润为2000万元到 3000万元，与上年同期(法定披露数据)相比，将减少5,639.55万元到6,639.55万元，同比下降65.28%到 76.85%。 ...

Core Viewpoint - Matsui Co., Ltd. (688157.SH) expects a significant decline in net profit for the fiscal year 2025, projecting a profit of 20 million to 30 million yuan, which represents a decrease of 56.3955 million to 66.3955 million yuan compared to the previous year, indicating a year-on-year decline of 65.28% to 76.85% [1] Financial Performance - The company anticipates net profit attributable to shareholders will be between 20 million and 30 million yuan for 2025 [1] - This forecast reflects a substantial reduction of 56.3955 million to 66.3955 million yuan compared to the previous year's statutory disclosure [1] - The expected decline in net profit is projected to be between 65.28% and 76.85% year-on-year [1]

市盈率=总市值/净利润。当公司亏损时市盈率为负，此时用市盈率估值没有实际意义，往往用市净率或市销率做参考。 市净率=总市值/净资产。市净率估值法多用于盈利波动较大而净资产相对稳定的公司。 资料显示，公司主营涂料、油墨、胶黏剂。 据公告，公司业绩变动原因为，2025年公司盈利能力短期承压，系公司加快业务发展、深化战略布局过程中阶段性因素共同作用所致。报告期内公司综合毛 利率同比下降，主要由于一方面乘用车业务发展迅猛且收入占比提升，但该业务目前仍处于成长期，其毛利率水平受规模效应、产能爬坡等因素影响尚待进 一步释放；另一方面高端消费电子领域部分高毛利项目收尾，新项目尚在导入阶段，毛利贡献暂受阶段性影响。与此同时，公司着眼长期发展，持续推进在 动力电池、固态电池、汽车原厂漆、后市场修补漆及航空航天涂层等相关领域的前瞻性战略布局与投入，叠加在建工程转固带来的折旧摊销增加，均对当期 利润形成一定压力。 当前业绩波动是公司主动布局未来、夯实成长基础的阶段性体现，随着乘用车业务规模效应释放及各战略领域项目逐步落地，公司整体盈利能力有望修复， 迈向更具韧性与高质量的发展新阶段。 指标注解： 中证智能财讯松井股份（688157 ...

Group 1 - The company Matsui Holdings expects a net profit attributable to shareholders of 20 million to 30 million yuan for the year 2025, representing a decrease of 56.3955 million to 66.3955 million yuan compared to the same period last year, which is a year-on-year decline of 65.28% to 76.85% [1] - The decline in performance is primarily due to short-term pressure on the company's profitability as it accelerates business development and deepens strategic layout, influenced by various phase-specific factors [1] - The company's overall gross profit margin has decreased year-on-year, attributed to the rapid development of the passenger vehicle business, which, while increasing its revenue share, is still in a growth phase and affected by scale effects and capacity ramp-up [1] Group 2 - In the high-end consumer electronics sector, the completion of some high-margin projects and the introduction of new projects have temporarily impacted gross profit contributions [1] - The company is focused on long-term development, continuously advancing strategic investments in areas such as power batteries, solid-state batteries, automotive OEM paints, aftermarket repair paints, and aerospace coatings, which, along with increased depreciation from ongoing construction projects, exert pressure on current profits [1] - The current performance fluctuations are seen as a temporary reflection of the company's proactive layout for the future and solidifying its growth foundation, with expectations for overall profitability to recover as the scale effects of the passenger vehicle business are realized and strategic projects are gradually implemented [1]

Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between 20 million and 30 million yuan, representing a decrease of 56.39 million to 66.39 million yuan compared to the previous year, a year-on-year decline of 65.28% to 76.85%[3] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 10 million and 15 million yuan, a decrease of 64.01 million to 69.01 million yuan year-on-year, reflecting a decline of 81.02% to 87.34%[3] - The total profit for the previous year was 92.78 million yuan, with a net profit attributable to shareholders of 86.40 million yuan and a net profit after deducting non-recurring gains and losses of 79.01 million yuan[4] - There are no significant uncertainties affecting the accuracy of this earnings forecast[7] - The forecast data is preliminary and the final audited financial data will be disclosed in the official 2025 annual report[8] Strategic Focus and Development - The company is focusing on long-term development by advancing strategic investments in areas such as power batteries, solid-state batteries, automotive OEM paints, aftermarket repair paints, and aerospace coatings[6] - Increased depreciation and amortization from ongoing construction projects are putting pressure on current profits, reflecting a transitional phase in the company's proactive layout for future growth[6] - The company anticipates that overall profitability will recover as the scale effects of the passenger vehicle business are realized and various strategic projects are implemented[6] Profit Margin and Business Growth - The company's gross profit margin has declined year-on-year due to rapid growth in the passenger vehicle business, which is still in its growth phase, affecting profit margins[5]

Core Viewpoint - Matsui Co., Ltd. reported that its overseas revenue amounted to 22.07 million yuan, representing 6.35% of the company's total revenue, as per the 2025 semi-annual report [1] Group 1 - The company disclosed that it currently reports financial data primarily based on "domestic/overseas" dimensions, without separate breakdowns for specific regions [1] - The company emphasizes consistency in statistical standards and information disclosure principles in its reporting [1]

Group 1 - Matsui New Materials Group Co., Ltd. is located in Ningxiang Economic and Technological Development Zone, Hunan, and was established on March 20, 2009, with its listing date on June 9, 2020 [1] - The company focuses on high-end consumer electronics and passenger vehicles in the 3C industry, providing systematic solutions such as coatings and specialty inks through interactive R&D and customized flexible manufacturing [1] - The revenue composition of the company includes coatings at 90.98%, inks at 4.97%, and adhesives and others at 4.05% [1] Group 2 - Southern Fund's Southern Specialized and New Mixed A Fund (014189) has increased its holdings in Matsui shares by 12,500 shares, bringing the total to 206,300 shares, which accounts for 3.59% of the fund's net value, ranking it as the fourth-largest holding [2] - The fund has achieved a year-to-date return of 6.34%, ranking 1635 out of 9012 in its category, and a one-year return of 55.25%, ranking 1629 out of 8157 [2] Group 3 - The fund manager, Luo An'an, has a tenure of 10 years and 190 days, with a total asset scale of 5.009 billion yuan, achieving a best return of 240.69% during his tenure [3] - Co-manager Lei Jiayuan has a tenure of 5 years and 146 days, managing assets of 1.672 billion yuan, with a best return of 75.55% during his tenure [3]

Core Viewpoint - Matsui Group's stock price has shown significant growth this year, with a 36.71% increase, indicating strong market performance and investor interest [2]. Group 1: Stock Performance - As of December 30, Matsui Group's stock price rose by 2.14% to 38.16 CNY per share, with a trading volume of 51.90 million CNY and a turnover rate of 0.89%, resulting in a total market capitalization of 5.969 billion CNY [1]. - The stock has increased by 1.03% over the last five trading days, 19.40% over the last 20 days, and 6.35% over the last 60 days [2]. Group 2: Company Overview - Matsui New Materials Group Co., Ltd. was established on March 20, 2009, and went public on June 9, 2020. The company focuses on high-end consumer electronics and automotive sectors, providing a range of solutions including coatings and specialty inks [2]. - The company's revenue composition includes coatings (90.98%), inks (4.97%), and adhesives and others (4.05%) [2]. - Matsui Group operates within the basic chemicals industry, specifically in the chemical products sector, focusing on coatings and inks [2]. Group 3: Financial Performance - For the period from January to September 2025, Matsui Group reported a revenue of 553 million CNY, reflecting a year-on-year growth of 5.05%. However, the net profit attributable to shareholders decreased by 64.68% to 25.16 million CNY [2]. - The company has distributed a total of 131 million CNY in dividends since its A-share listing, with 75.17 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 4,629, up by 45.80% from the previous period, while the average circulating shares per person decreased by 3.97% to 33,793 shares [2]. - Hong Kong Central Clearing Limited is the tenth largest circulating shareholder, holding 2.4555 million shares as a new shareholder [3].

证券日报网讯12月29日，松井股份发布公告称，公司于2025年12月29日召开了2025年第五次职工代表大 会，经与会职工代表审议，同意选举缪培凯先生为公司第三届董事会职工代表董事。 ...