本员工持股计划实施后，公司全部有效的员工持股计划所持有的股票总数累计不超过公司股本总额的 10%，单个员工所获股份权益对应的股票总数累计不超过公司股本总额的1%。 格隆汇12月11日丨松井股份(688157.SH)公布2025年第二期员工持股计划，本员工持股计划拟筹集资金 总额为不超过人民币4000万元，以"份"作为认购单位，每份份额为1.00元，合计认购份额不超过4000万 份。具体份额根据实际出资缴款金额确定。 本次员工持股计划的资金来源为员工合法薪酬、自筹资金以及法律法规允许的其他方式，以及公司根据 薪酬管理制度规定提取的激励基金。本员工持股计划的员工自筹资金总额不超过人民币3000万元，与所 提取的激励基金配比为3:1，公司根据薪酬管理制度提取激励基金的金额不超过人民币1000万元。 ...

本员工持股计划实施后，公司全部有效的员工持股计划所持有的股票总数累计不超过公司股本总额的 10%，单个员工所获股份权益对应的股票总数累计不超过公司股本总额的1%。 本次员工持股计划的资金来源为员工合法薪酬、自筹资金以及法律法规允许的其他方式，以及公司根据 薪酬管理制度规定提取的激励基金。本员工持股计划的员工自筹资金总额不超过人民币3000万元，与所 提取的激励基金配比为3:1，公司根据薪酬管理制度提取激励基金的金额不超过人民币1000万元。 格隆汇12月11日丨松井股份(688157.SH)公布2025年第二期员工持股计划，本员工持股计划拟筹集资金 总额为不超过人民币4000万元，以"份"作为认购单位，每份份额为1.00元，合计认购份额不超过4000万 份。具体份额根据实际出资缴款金额确定。 ...

证券日报网讯 12月8日晚间，松井股份发布公告称，公司计划于2025年12月16日（星期二）16：00- 17：00举行2025年第三季度业绩说明会。 （文章来源：证券日报） ...

松井新材料集团股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 12 月 16 日（星期二）下午 16:00-17:00； 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com）； 会议召开方式：上证路演中心网络互动； 投资者可于 2025 年 12 月 9 日（星期二）至 12 月 15 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zqb@sokan.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 证券代码：688157 证券简称：松井股份 公告编号：2025-045 董事长、总经理：凌云剑先生； 副总经理、董事会秘书：熊开阔先生； 财务总监：严军先生； 松井新材料集团股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日披露《2025 年 ...

Group 1: Industry Performance - The chemical sector indices showed positive performance with the chemical raw materials index rising by 3.25%, chemical machinery index increasing by 5.98%, pharmaceutical index up by 3.18%, and pesticide and fertilizer index climbing by 2.44% [1] - In contrast, the oil sector indices experienced declines, with the oil processing index down by 1.86% and the oil extraction index decreasing by 2.50%, while the oil trading index rose by 3.37% [1] Group 2: Commodity Prices - International crude oil prices experienced slight declines, with WTI settling at $58.55 per barrel, down 0.17% from November 21, and Brent settling at $63.20 per barrel, down 0.22% [1] - The top five rising petrochemical products included liquid chlorine up by 11.11%, octanol up by 7.85%, propane up by 6.57%, lithium battery electrolyte up by 6.48%, and recycled polyamide up by 5.61% [1] - The top five declining petrochemical products were polytetrafluoroethylene dispersion emulsion down by 7.41%, diethylene glycol down by 6.85%, tetrachloroethylene down by 6.19%, propylene oxide down by 4.77%, and butadiene down by 4.54% [1] Group 3: Capital Market Performance - The top five gaining listed chemical companies included Xinjinlu up by 41.04%, Daoming Optics up by 30.26%, Yuanli Technology up by 25.44%, Longpan Technology up by 23.77%, and Songjing Co. up by 19.91% [2] - The top five declining listed chemical companies were Guofeng Plastics down by 12.10%, Beihua Co. down by 11.59%, Tongcheng New Materials down by 7.60%, Xingye Co. down by 7.23%, and Tongyi Co. down by 6.88% [2]

Group 1 - Matsui New Materials Group Co., Ltd. has seen its stock price increase by 5.72% to 35.86 CNY per share, with a total market capitalization of 5.61 billion CNY as of November 27 [1] - The company has experienced a cumulative increase of 18.27% over the past three days, indicating strong market performance [1] - Matsui's main business involves providing systematic solutions in the high-end consumer electronics and automotive sectors, with revenue composition being 90.98% from coatings, 4.97% from inks, and 4.05% from adhesives and others [1] Group 2 - The fund "Huitianfu High-end Manufacturing Stock A" holds 1.1 million shares of Matsui, representing 3.01% of the fund's net value, making it the eighth largest holding [2] - The fund has gained approximately 213.4 thousand CNY in floating profit today and 576.4 thousand CNY during the three-day increase [2] - The fund has a total scale of 1.23 billion CNY and has achieved a year-to-date return of 15.36% [2] Group 3 - The fund manager of "Huitianfu High-end Manufacturing Stock A" is Zhao Pengfei, who has been in the position for 9 years and 180 days [3] - Under Zhao's management, the fund has achieved a best return of 178.1% and a worst return of 1.58% [3]

Group 1 - The core viewpoint of the article highlights Matsui Co., Ltd. (688157.SH) reported its Q3 2025 results, showing a revenue of 553 million yuan, a year-on-year increase of 5.05% [1] - The net profit attributable to shareholders decreased to 25.16 million yuan, representing a decline of 64.68% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 22.42 million yuan, down 65.46% year-on-year [1] - The net cash flow from operating activities was 28.76 million yuan, reflecting a decrease of 19.08% year-on-year [1] Group 2 - Matsui Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 9, 2020, with an issuance of 19.9 million shares, accounting for 25% of the total share capital post-issuance [2] - The total amount raised from the initial public offering (IPO) was 686.15 million yuan, with a net amount of 619.03 million yuan after deducting issuance costs [2] - The company planned to use the raised funds for various projects, including high-performance water-based coatings, new functional coatings for automotive parts, and the establishment of a global marketing network [2]

Core Insights - The chemical products sector experienced a slight increase of 0.05% on November 24, with Qiaoyuan Co. leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Stock Performance - Qiaoyuan Co. (301286) saw a significant rise of 11.97%, closing at 36.30 with a trading volume of 96,900 shares and a transaction value of 346 million [1] - Letong Co. (002319) increased by 9.98%, closing at 12.78 with a trading volume of 82,400 shares and a transaction value of 102 million [1] - Changhua Chemical (301518) rose by 9.83%, closing at 41.79 with a trading volume of 96,300 shares and a transaction value of 391 million [1] - Other notable gainers include Kangda New Materials (002669) up 5.43% and Xinxun Technology (001335) up 5.30% [1] Declining Stocks - Chenguang New Materials (6635399) fell by 10.02%, closing at 15.35 with a trading volume of 87,300 shares and a transaction value of 134 million [2] - Yahua Group (002497) decreased by 5.99%, closing at 21.35 with a trading volume of 1,155,700 shares and a transaction value of 2.436 billion [2] - Yongtai Technology (002326) dropped by 5.36%, closing at 23.83 with a trading volume of 1,041,600 shares and a transaction value of 2.503 billion [2] Capital Flow - The chemical products sector saw a net outflow of 1.318 billion from institutional investors, while retail investors contributed a net inflow of 1.303 billion [2][3] - Notable net inflows from retail investors were observed in stocks like Kangda New Materials (002669) and Wanhua Chemical (600309) [3] - Institutional investors showed significant interest in stocks such as Kangda New Materials and Wanhua Chemical, with net inflows of 80.76 million and 74.46 million respectively [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [9] Core Views - The company reported a revenue of 550 million yuan for the first three quarters of 2025, representing a year-on-year increase of 5.0%. However, the net profit attributable to shareholders was 25 million yuan, down 64.7% year-on-year [2][6] - In Q3 2025, the company achieved a revenue of 210 million yuan, which is a 1.2% increase year-on-year and a 5.9% increase quarter-on-quarter. The net profit for the quarter was 13 million yuan, down 57.8% year-on-year but up 52.0% quarter-on-quarter [2][6] - The company is a leading domestic high-end 3C coating manufacturer and is actively expanding into the automotive coating market, benefiting from the rapid development of new energy vehicles [6][12] Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 550 million yuan, with a net profit of 25 million yuan and a net profit excluding non-recurring items of 22 million yuan [2][6] - In Q3 2025, the company reported a revenue of 210 million yuan, with a net profit of 13 million yuan and a net profit excluding non-recurring items of 12 million yuan [2][6] Market Position and Strategy - The company focuses on high-end consumer electronics and passenger vehicles, providing a range of coating solutions through innovative R&D and flexible manufacturing [6][12] - In Q3 2025, the company generated 150 million yuan in revenue from the high-end consumer electronics sector, while the automotive sector contributed 50 million yuan, marking a 56.0% year-on-year increase [6][12] Future Outlook - The company is expected to continue expanding its market presence in the automotive coating sector, with projected net profits of 40 million yuan, 100 million yuan, and 180 million yuan for 2025, 2026, and 2027 respectively [6][12]

Core Viewpoint - Matsui Co., Ltd. has demonstrated steady revenue growth and significant investment in R&D, positioning itself well in the competitive landscape of the new energy battery materials sector [1][2]. Group 1: Financial Performance - For the first three quarters of 2025, Matsui Co., Ltd. achieved operating revenue of 553 million yuan, representing a year-on-year increase of 5.05%, marking a historical high for the same period [1]. - The company's R&D expenses from January to September reached 82.0623 million yuan, an increase of 11.71% year-on-year, with an R&D expense ratio of 14.83%, exceeding the industry average [1]. Group 2: Technological Advancements - Matsui Co., Ltd. has developed a proprietary UV inkjet printing solution for battery cell insulation, which has gained recognition from more downstream customers. This solution enhances safety and insulation while meeting the dual requirements of safety and efficiency for large-scale production of power batteries [1]. - The company has also ventured into next-generation battery technology, successfully developing an integrated solution for insulation frame printing equipment and materials aimed at all-solid-state batteries, transitioning from laboratory to industrial application [1]. Group 3: Market Positioning - The forward-looking technological layout in the new energy battery materials sector provides Matsui Co., Ltd. with a competitive edge in the coating materials market for special equipment [2]. - The full implementation of the "New National Standard" and the advancement of related product commercialization processes are expected to enhance the company's future development potential, warranting continued market attention [2].