松井新材料集团股份有限公司 关于2025年度"提质增效重回报"行动方案的半年度评估报告 为进一步优化公司经营，强化市场竞争力，保障投资者权益，树立良好的资 本市场形象，松井新材料集团股份有限公司(以下简称"公司")于2025年4 月 29日发布了《2025年度"提质增效重回报"行动方案》(以下简称"行动方 案")。2025年上半年，公司根据行动方案内容，积极开展和落实各项工作，现 将主要工作成果报告如下： 一、聚焦主营业务，深化"三纵三横"战略布局 子和乘用车领域核心竞争优势，并加速推进特种装备领域成果转化落地。报告期 内，公司实现营业收入34,753.25万元，较上年同期增长7.48%。其中，第二季 度单季实现营业收入19,441.63万元，环比增长26.97%。 从业务结构来看，公司乘用车领域业务表现强劲，2025年1-6月实现营业收 入 9,782.84万元，同比增长109.60%，占营业收入比重较上年同期提升13.71个 百分点，达28.15%，其中第二季度单季实现营业收入5,986.08万元，同比增长 用车零部件涂层领域巩固内饰优势的同时，加速拓展外饰件业务，与多家头部主 机厂、汽车零部件制造商建立 ...

Core Insights - Matsui Co., Ltd. reported a record high revenue of 348 million yuan for the first half of 2025, marking a year-on-year increase of 7.48% [1] - The passenger vehicle segment saw significant growth, with revenue reaching 97.83 million yuan, a remarkable increase of 109.60% year-on-year [1] Financial Performance - The company's R&D expenses amounted to 50.92 million yuan, reflecting a year-on-year growth of 6.73% [1] - The R&D expense ratio slightly decreased to 14.65% of total revenue compared to the same period last year [1] - The R&D team expanded to 291 members, representing 33.33% of total employees, with a year-on-year growth of 21.76% [1] Strategic Initiatives - Matsui is advancing its "three verticals and three horizontals" strategic framework to enhance multi-field collaborative innovation [2] - The company is focusing on upgrading existing technologies and developing new products, including eco-friendly printing technologies and innovative coatings for automotive interiors [2] - Key strategic projects, such as body paint and aftermarket repair paint, are progressing towards market application [2] Technological Advancements - Matsui has developed integrated solutions for insulation frame printing and materials for all-solid-state batteries, addressing manufacturing challenges and enhancing battery performance and safety [2] - The new technology is currently in the joint verification phase with leading downstream companies, aiming for commercial breakthroughs [2] Industry Context - The company is strengthening its core competitiveness in the new functional coating sector amid the global manufacturing industry's shift towards high-end and green transformation [2]