证券代码：688157 证券简称：松井股份 公告编号：2025-032 松井新材料集团股份有限公司董事会 2025年8月16日 附件：靳炳林先生简历 靳炳林，管理学学士，保荐代表人，中国注册会计师，曾主持或参与永达股 份（001239.SZ）重大资产重组、舒泰神（300204.SZ）向特定对象发行股票、耐 普矿机（300818.SZ）向不特定对象发行可转换公司债券等项目。在保荐业务执 业过程中严格遵守《证券发行上市保荐业务管理办法》等相关规定，执业记录良 好。 松井新材料集团股份有限公司（以下简称"公司"）于近日收到国金证券股 份有限公司（以下简称"国金证券"）出具的《关于更换松井新材料集团股份有 限公司持续督导保荐代表人的函》。作为公司首次公开发行股票并在科创板上市 后的持续督导保荐机构，国金证券对公司的持续督导期原定至 2023 年 12 月 31 日止。因前述期限届满后公司募集资金尚未使用完毕，国金证券就相关事项继续 履行持续督导义务。 现裔麟先生因个人工作变动原因，不再继续担任公司持续督导保荐代表人。 为保证持续督导工作的有序进行，国金证券委派靳炳林先生（简历见附件）接替 裔麟先生担任公司的持续督导保 ...

Investment Rating - The report indicates a positive investment outlook for the industrial coatings sector, highlighting significant growth potential and opportunities for domestic replacements in the Chinese market [2]. Core Insights - Industrial coatings are specialized materials used to protect and enhance the performance of various industrial products, characterized by high technical barriers and challenging testing and certification processes. They account for approximately 60% of the overall coatings market, with a market space of around $110 billion, making it fertile ground for the emergence of global companies [2][5]. - The global industrial coatings market is highly concentrated, but the Chinese market remains fragmented, dominated by foreign enterprises, indicating substantial room for domestic replacements. Domestic companies are accelerating their advancements, with leaders like Maijia Xincai entering new segments such as marine coatings and automotive coatings [2][8]. Summary by Sections Demand: Broad Applications and Emerging Segments - Industrial coatings have a wide range of applications, with significant segments including automotive coatings (28% market share) and protective and marine coatings (20% market share). The Asia-Pacific region holds the largest share of the industrial coatings market, close to 50% [6]. - The global coatings market is projected to reach approximately $188.8 billion by 2024, with industrial coatings accounting for about 60%, translating to a market space exceeding $110 billion. Emerging high-demand segments include wind power coatings, 3C coatings, aerospace coatings, and coatings for new energy vehicles [6]. Supply: Dominated by High-End Overseas Brands with Room for Domestic Replacements - The global industrial coatings supply landscape is stable, with the top four companies (CR4) accounting for about 30% of the market. The leading company, PPG, has over $10 billion in industrial coatings revenue, while the top four companies exceed $5 billion each [7]. - The Chinese industrial coatings market is still in a non-mature phase, with a CR10 of approximately 13%. Major foreign brands dominate, while local brands hold only two positions. The report notes that there is significant potential for improvement in the technical capabilities of Chinese industrial coatings [7][8]. Domestic Companies Accelerating Progress - Domestic companies are making significant strides in automotive and protective marine coatings, with notable leaders emerging in various segments. Maijia Xincai is a champion in wind power blade coatings and container coatings, while Songji Co., Ltd. maintains a strong position in the 3C sector and is gradually entering the automotive coatings market [8].

Group 1 - The company focuses on high-end consumer electronics, passenger vehicles, and special equipment as target markets, providing system solutions for coatings, inks, and adhesives through interactive self-research and customized flexible manufacturing [1] - The company has developed a water-based waterproof coating with excellent dustproof, waterproof, air-tight, and water-tight properties, suitable for various materials such as aluminum alloy, stainless steel, and plastic substrates [1] - The company possesses technology for functional coatings that have anti-radiation capabilities (ultraviolet, visible, and infrared), which can be used on special products for insulation and other optical functions [1]

Core Viewpoint - The company focuses on high-end consumer electronics, passenger vehicles, and special equipment sectors, providing customized flexible manufacturing solutions for various functional coating materials [1] Group 1: Business Overview - The main business of the company includes the development of coatings, inks, and adhesives through an interactive self-research model [1] - The company offers system solutions for new types of functional coating materials tailored to customer needs [1] Group 2: Product Innovations - The company has developed a water-based waterproof coating that excels in dustproof, waterproof, air-tight, and water-tight properties, suitable for materials like aluminum alloy, stainless steel, and plastic substrates [1] - The company possesses technology for radiation-resistant functional coatings that provide thermal insulation and other optical functions, applicable to special products [1]

Core Insights - The total margin financing balance on the STAR Market increased by 826 million yuan, while the margin short selling balance rose by 23.92 million yuan, indicating a positive trend in investor sentiment [1][2] Financing Balance Summary - As of August 11, the total margin financing balance reached 181.72 billion yuan, marking a continuous increase for 21 trading days [1] - The highest margin financing balance was held by SMIC at 7.57 billion yuan, followed by Cambrian and Haiguang Information with 4.91 billion yuan and 4.50 billion yuan respectively [1] - A total of 301 stocks saw an increase in margin financing balance, while 283 stocks experienced a decrease [1] - Notable increases in margin financing balance were observed in Kewell, Jinghua Micro, and Songji shares, with increases of 43.46%, 26.35%, and 26.04% respectively [1] Short Selling Balance Summary - The highest margin short selling balance was also held by SMIC at 24 million yuan, followed by Cambrian and Haiguang Information with 21 million yuan and 17 million yuan respectively [2] - A total of 193 stocks experienced an increase in margin short selling balance, while 84 stocks saw a decrease [2] - Significant increases in margin short selling balance were noted for Diao Weiwei, Shengmei Shanghai, and Maixin Lin, with increases of 195.24%, 162.26%, and 152.43% respectively [2]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The chlor-alkali industry is experiencing a recovery in profitability, driven by a tightening supply of glyphosate and glufosinate, leading to price increases [4][20] - The "anti-involution" policy is expected to be a key focus in 2025 and beyond, aiming to optimize the competitive landscape in the chemical industry [26] Summary by Sections Industry Trends - The chemical industry index outperformed the CSI 300 index by 1.1% this week, with 76.7% of the 545 tracked stocks showing weekly gains [17] - The average price of glyphosate increased to 26,399 CNY/ton, a rise of 0.37% from the previous week, while glufosinate also saw a price increase [21][22] Key Products Tracking - Urea and potassium chloride prices have risen, while phosphorite and phosphates remain stable [52] - The average price of urea reached 1,780 CNY/ton, up 0.62% from the previous week, driven by improved market sentiment [52][54] Recommended and Beneficiary Stocks - Recommended stocks include leading chemical companies such as Wanhua Chemical, Hualu Hengsheng, and Hengli Petrochemical [6][26] - Beneficiary stocks include companies like Jiangshan Co., Ltd. and Hebei New Chemical Materials [24][27]

Core Viewpoint - Chaohu Beichi Automotive Technology Co., Ltd. has been established with a registered capital of 30 million yuan, focusing on new material technology research and development, vacuum coating processing, plastic surface treatment, and plastic product manufacturing [1][2]. Company Information - The company is fully owned by Anhui Beichi Automotive Technology Co., Ltd., which is a subsidiary of Songjing Co., Ltd. (688157) [1][3]. - The legal representative of the company is Zhou Zanpeng, and it is currently in a state of operation with a business term lasting until August 5, 2025 [2]. - The registered address is located at No. 16, Qilu Road, Zhongke Zhicheng Research Comprehensive Building, Yafu Street, Chaohu City, Hefei, Anhui Province [2]. Business Scope - The business scope includes general projects such as technology services, technology development, technology consulting, technology exchange, technology transfer, and technology promotion [2]. - Additional activities include manufacturing of coating equipment, manufacturing of plastic processing specialized equipment, and import and export of goods and technology [2].

Core Viewpoint - The actual controller of Matsui Co., Ltd., Ling Yunjian, has had 568,658 shares (0.36% of total equity) frozen by the Shenzhen Intermediate People's Court due to a contractual dispute with Xingdi Company, but this will not affect the company's control stability or normal operations [1]. Group 1 - The frozen shares represent only 0.75% of Ling Yunjian's total holdings and 0.36% of the company's total equity, with his direct and indirect holdings totaling 48.58% [1]. - The dispute originated from a 2012 service contract where Ling Yunjian was to transfer and gift shares if Xingdi Company helped Matsui become a qualified supplier, which did not occur due to Xingdi's non-performance [1]. - A previous arbitration request by Xingdi in September 2021 was rejected, but a new arbitration in August 2023 resulted in a ruling requiring Ling Yunjian to pay compensation and interest, while partially supporting Matsui's counterclaims [1]. Group 2 - Concurrently, the Changsha court has lifted the freeze on Ling Yunjian's 10% stake in the controlling shareholder, Maosong Limited, which had been frozen since December 2023 and was released in March 2025 [2].

证券代码：688157 证券简称：松井股份 公告编号：2025-031 松井新材料集团股份有限公司 关于实际控制人所持控股股东少数股权解冻暨实际 控制人所持公司部分股份被司法冻结的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、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。 重要内容提示： 松井新材料集团股份有限公司（以下简称"公司"）实际控制人凌云剑 先生所持的公司控股股东长沙茂松科技有限公司（以下简称"茂松有限"）的 10% 股权已全部解冻。截至本公告披露日，实际控制人凌云剑先生持有控股股东茂松 有限 100%的出资额，通过茂松有限间接持有公司股份 75,436,480 股，占公司总 股本的比例为 48.22%。茂松有限持有的公司股份不存在被质押、冻结等任何权 利限制的情形。 截至本公告披露日，公司实际控制人凌云剑先生直接持有公司股份 568,658 股被司法冻结，占公司总股本的比例为 0.36%。 二、实际控制人股份被冻结的具体情况 2025 年 3 月 4 日，实际控制人凌云剑先生获悉，根据广东省深圳市中级人 民法院出具的《通知书》（（2025）粤 03 执 ...

Group 1: Chemical Sector Performance - The chemical index and oil index primarily experienced a decline, while the chemical machinery index and chemical pharmaceutical index saw increases [1] - The chemical raw materials index fell by 1.60%, the chemical machinery index rose by 1.066%, the chemical pharmaceutical index increased by 5.11%, and the pesticide and fertilizer index dropped by 2.05% [1] - In the oil sector, the oil processing index decreased by 3.82%, the oil extraction index fell by 2.09%, and the oil trading index declined by 2.83% [1] Group 2: Oil Price Trends - International crude oil prices initially rose and then fell, with the overall average price significantly higher than the previous week [1] - As of August 1, the WTI crude oil futures settled at $67.33 per barrel, up 3.33% from July 25, while Brent crude oil futures settled at $69.67 per barrel, up 1.80% from July 25 [1] Group 3: Petrochemical Product Price Changes - The top five petrochemical products with price increases included liquid chlorine up 12.72%, soft foam polyether up 10.42%, epoxy chloropropane up 8.84%, coke up 8.06%, and epoxy propane up 7.47% [1] - The top five petrochemical products with price declines included methyl acrylate down 5.88%, natural rubber down 5.77%, battery-grade lithium carbonate down 5.48%, butadiene rubber down 4.78%, and butadiene down 4.71% [1] Group 4: Capital Market Performance of Chemical Companies - The top five listed chemical companies with the highest stock price increases were Upwind New Materials up 39.37%, Honghe Technology up 22.07%, Songjing Co. up 19.97%, Ketaobiotech up 18.88%, and Asia-Pacific Industry up 17.43% [2] - The top five listed chemical companies with the largest stock price declines were Poly United down 16.35%, Weike Technology down 13.75%, Gaozheng Mining down 13.75%, New Tide Energy down 12.99%, and Yahua Group down 11.80% [2]